FORM NL-23 - SOLVENCY MARGIN  (FORM IRDAI-GI-TA)
         
STATEMENT OF ADMISSIBLE ASSETS : 
As at 30.09.2021
         
Name of Insurer: GENERAL INSURANCE CORPORATION OF INDIA
Registration Number: 112
Date of Registration: 02-04-2001
Classification: Business Total Business
(All amounts in Rupees of Lakhs)
Item No. Particulars Policyholders A/c. Shareholders A/c. Total
  Investments:      
  Shareholders as per NL-12 of BS   2,235,021.28 2,235,021.28
  Policyholders as per NL-12 A of BS 7,791,557.46 - 7,791,557.46
(A) Total Investments as per BS 7,791,557.46 2,235,021.28 10,026,578.74
(B) Inadmissible Investment assets as per Clause (1) of Schedule I of regulation - - -
(C) Fixed assets as per BS 12,970.56 3,572.79 16,543.35
(D) Inadmissible Fixed assets as per Clause (1) of Schedule I of regulation 588.54 162.11 750.65
  Current Assets:     -
(E) Cash & Bank Balances as per BS 1,486,532.34 409,470.91 1,896,003.26
(F) Advances and Other assets as per BS 2,407,231.89 230,059.20 2,637,291.08
(G) Total Current Assets as per BS...(E)+(F) 3,893,764.23 639,530.11 4,533,294.34
(H) Inadmissible current assets as per Clause (1) of Schedule I of regulation 119,701.92 39,122.05 158,823.97
(I) Loans as per BS 15,223.57 4,193.39 19,416.96
(J) Fair value change account subject to minimum of zero 2,540,012.00 699,655.84 3,239,667.84
(K) Total Assets as per BS (excl. current liabilities and provisions)…(A)+(C)+(G)+(I) 11,713,515.83 2,882,317.57 14,595,833.40
(L) Total Inadmissible assets…(B)+(D)+(H)+(J) 2,660,593.62 739,020.21 3,399,613.83
(M) Total Admissible assets for Solvency (excl. current liabilities and provisions)…(K)-(L) 9,052,922.21 2,143,297.36 11,196,219.57
(All amounts in Rupees of Lakhs)
Item No. Inadmissible Investment assets (Item wise Details) Policyholders A/c. Shareholders A/c. Total
  Inadmissible Investment assets as per Clause (1) of Schedule I of regulation      
  Inadmissible Fixed assets      
  (a)  Furniture & Fittings 72.52 19.98 92.50
  (b) I.T. Equipments 48.61 13.39 62.01
  (c ) I.T. Software 446.41 122.97 569.38
  (d) Canteen Appliances 0.32 0.09 0.41
  (.e ) Electrical Installation 20.67 5.69 26.36
      750.65
  Inadmissible current assets       
  (a)  Service Tax Unutilised Credit - - -
  (b) GST Asset 3,499 - 3,499.07
  (c ) Fixed deposit with bank [Statutory] Dubai  1,665 459 2,123.44
  (d) Fixed deposit with bank [Statutory] Malaysia  - - -
  (e.)  BNP Paribas-USD -Brazil 2,796 770 3,566.00
  (f) BNP Paribas USD Foreign currency revaluation 116 32 147.80
  (g) Due from Inadmissible assets  111,626 - 111,626.25
  (h) Advance tax paid towards Contingent Liability  - 37,837 37,837.15
  (I ) Advances to Directors/Officers - 24 24.26
  119,701.92 39,122.05 158,823.97
  ………………….     159,574.63
Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time.