FORM NL-1-B-RA

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

Registration No.  112

Date of  Registration with the IRDAI : 2nd April, 2001

REVENUE ACCOUNT FOR THE PERIOD ENDED 30.06.2021

FIRE INSURANCE BUSINESS

   

( ₹ in 000)

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2021

For the First Quarter Ending 30.06.2021

For the  Three Months  ending 30.06.2020

For the First Quarter Ending 30.06.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

36524 205

36524 205

30402 447

30402 447

2

Profit on sale of Investments (Net)

 

1569 692

1569 692

508 518

508 518

3

Profit/-Loss on Exchange Fluctuation

 

472 430

 4,72,430

253 859

253 859

4

Interest, Dividend & Rent  - Gross

 

2625 377

2625 377

1856 639

1856 639

 

TOTAL (A)

 

41191 704

41191 704

33021 463

33021 463

1

Claims Incurred (Net)

NL-5-Claims Schedule

35383 657

35383 657

32612 646

32612 646

2

Commission (Net)

NL-6-Commission Schedule

8766 734

8766 734

8622 746

8622 746

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

186 584

186 584

173 517

173 517

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

44336 975

44336 975

41408 909

41408 909

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-3145 272

-3145 272

-8387 446

-8387 446

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-3145 272

-3145 272

-8387 446

-8387 446

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-3145 272

-3145 272

-8387 446

-8387 446

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Fire Insurance Business have been fully debited in the Fire Insurance Revenue Accounts as expenses.

       
       

MISCELLANEOUS INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2021

For the First Quarter Ending 30.06.2021

For the  Three Months  ending 30.06.2020

For the First Quarter Ending 30.06.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

70344 032

70344 032

98967 130

98967 130

2

Profit on sale of Investments (Net)

 

3337 877

3337 877

1358 594

1358 594

3

Profit/-Loss on Exchange Fluctuation

 

951 847

 9,51,847

419 040

419 040

4

Interest, Dividend & Rent  - Gross

 

5582 742

5582 742

4960 331

4960 331

 

TOTAL (A)

 

80216 498

80216 498

105705 095

105705 095

1

Claims Incurred (Net)

NL-5-Claims Schedule

68263 379

68263 379

89112 182

89112 182

2

Commission (Net)

NL-6-Commission Schedule

14339 802

14339 802

16374 553

16374 553

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

401 903

401 903

471 287

471 287

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

83005 084

83005 084

105958 022

105958 022

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

 (2788 586)

 (2788 586)

-252 927

-252 927

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

 (2788 586)

 (2788 586)

-252 927

-252 927

 

Transfer to Catastrophe Reserve

  

0

 

0

 

Transfer to Other Reserves (to be specified)

  

 0

 

 0

 

TOTAL (C)

 

 (2788 586)

 (2788 586)

-252 927

-252 927

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Miscellaneous Insurance Business have been fully debited in the Miscellaneous Insurance Revenue Accounts as expenses.

       
       

MARINE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2021

For the First Quarter Ending 30.06.2021

For the  Three Months  ending 30.06.2020

For the First Quarter Ending 30.06.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

3601 409

3601 409

4411 789

4411 789

2

Profit on sale of Investments (Net)

 

301 013

301 013

84 932

84 932

3

Profit/-Loss on Exchange Fluctuation

 

86 206

 86,206

26 195

26 195

4

Interest, Dividend & Rent  - Gross

 

503 457

503 457

310 093

310 093

 

TOTAL (A)

 

4492 085

4492 085

4833 009

4833 009

1

Claims Incurred (Net)

NL-5-Claims Schedule

4328 119

4328 119

4404 852

4404 852

2

Commission (Net)

NL-6-Commission Schedule

916 991

916 991

590 881

590 881

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

20 250

20 250

19 396

19 396

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

 0

 0

 0

 0

 

TOTAL  (B)

 

5265 360

5265 360

5015 129

5015 129

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business                             C= (A - B)

 

-773275

-773275

-182120

-182120

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-773 275

-773 275

-182 120

-182 120

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-773 275

-773 275

-182 120

-182 120

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Marine Insurance Business have been fully debited in the Marine Insurance Revenue Accounts as expenses.

       
       

LIFE INSURANCE BUSINESS

 

PARTICULARS

SCHEDULE

For the  Three Months  ending 30.06.2021

For the First Quarter Ending 30.06.2021

For the  Three Months  ending 30.06.2020

For the First Quarter Ending 30.06.2020

1

Premiums earned (Net)

NL-4-Premium Schedule

3074 429

3074 429

2836 943

2836 943

2

Profit on sale of Investments (Net)

 

123 405

123 405

22 469

22 469

3

Profit/-Loss on Exchange Fluctuation

 

35 342

 35,342

6 930

6 930

4

Interest, Dividend & Rent  - Gross

 

206 401

206 401

82 038

82 038

 

TOTAL (A)

 

3439 577

3439 577

2948 380

2948 380

1

Claims Incurred (Net)

NL-5-Claims Schedule

10398 839

10398 839

2557 682

2557 682

2

Commission (Net)

NL-6-Commission Schedule

69 370

69 370

10 562

10 562

3

Operating Expenses related to Insurance Business

NL-7-Operating Expenses Schedule

15 300

15 300

12 344

12 344

4

Expenses relating to Investments

 

 0

 0

 0

 0

5

Premium Deficiency

 

110 699

110 699

75 229

75 229

 

TOTAL  (B)

 

10594 208

10594 208

2655 817

2655 817

       
 

Operating Profit/(Loss) from Fire/Marine/Miscellaneous Business C= (A - B)

 

-7154 632

-7154 632

 2,92,563

 2,92,563

 

APPROPRIATIONS

     
 

Transfer to Shareholders’ Account

 

-7154 632

-7154 632

 2,92,563

 2,92,563

 

Transfer to Catastrophe Reserve

     
 

Transfer to Other Reserves (to be specified)

     
 

TOTAL (C)

 

-7154 632

-7154 632

 2,92,563

 2,92,563

As required by Section 40C (2)  of the Insurance  Act, 1938, we certify that, all expenses of management,  wherever incurred,  whether directly or indirectly, in respect of Life Insurance Business have been fully debited in the Life Insurance Revenue Accounts as expenses.