Form NL-33

TABLE IB: AVAILABLE SOLVENCY MARGIN AND SOLVENCY RATIO AS AT 30 JUNE  2021

General Insurance Corporation of India

Registration Number:  112

Date of Registration: 02-04-2001

Classification: Total Business

 

(₹ in Lacs)

Item

Description

Notes No.

Amount

(1)

(2)

(3)

(3)

A

Policy-holder's Funds

  
 

Available Assets (as per IRDAI-GI-TA)

 

92492 58.48

 

Deduct:

  

B

Current liabilities as per BS

 

62608 31.02

C

Provision as per BS

 

21110 21.97

D

Other Liabilities

 

5244 88.00

E

Excess in Policyholders’ Funds (A-B-C-D)*

 

352917.49

 

Shareholder's Funds

  

F

Available Assets

 

19149 14.65

 

Deduct:

  

G

Other Liabilities

 

693 40.25

H

Excess in Shareholders’ Funds (F-G)

 

18455 74.40

I

Total Available Solvency Margin [ASM]   (E+H)

 

21984 91.89

J

Total Required Solvency Margin  [RSM]

 

12662 99.77

K

Solvency Ratio (Total ASM/Total RSM)

 

1.74

* Though Policyholder's fund is in minus,GIC Re has sufficient shareholder's funds to support and meet the liabilities,if required.

# The above table includes the RSM for Life Re Rs.100,282.04 lakhs