FORM NL-31: Related Party Transactions

Insurer: General Insurance Corporation of India

  

Date: 30.06.2021

 

 

 

 

 

 

 

 

Related Party Transactions 

    

 (₹ in 000)

Sl.No.

Name of the Related Party

Nature of Relationship with the Company

Description of Transactions / Categories 

Consideration paid / received*

For the quarter 30.06.2021

Up to the Quarter 30.06.2021

Corresponding quarter of the preceding year 30.06.2020

Up to the Quarter of the preceding year 30.06.2020

1

India International Pte LTD.

Associate Company

Net Premiun - Net commission - Net Claims

 (1,74,483.03)

 (1,74,483.03)

 (74,437.93)

 (74,437.93)

2

GIC RE South Africa Ltd.

Subsidiary Company

Net Premiun - Net commission - Net Claims

 (39,918.20)

 (39,918.20)

  -    

 -  

3

GIC-Bhutan RE Ltd.

Associate Company

Net Premiun - Net commission - Net Claims

 (31,741.09)

 (31,741.09)

 (9,729.87)

 (9,729.87)

4

Agricultural Insurance Company of India Ltd

Associate Company

Net Premiun - Net commission - Net Claims

 (1,86,44,423.79)

 (1,86,44,423.79)

 (2,49,02,311.32)

 (2,49,02,311.32)

5

GIC RE INDIA CORPORATE MEMBER

Subsidiary Company

Net Premiun - Net commission - Net Claims

 (37,81,917.75)

 (37,81,917.75)

 (17,64,761.10)

 (17,64,761.10)

6

GIC Perestrakhovanie LLC

Subsidiary Company

Net Premiun - Net commission - Net Claims

 -  

 -  

  -

 -  

        

(-) indicates amount payable by GIC Re