FORM NL-3-B-BS
Name of the Insurer:GENERAL INSURANCE CORPORATION OF INDIA  
Registration No. 112  and Date of  Registration with the IRDAi 02.04.2001
BALANCE SHEET  AS AT 30.09.2021
(Amount in Rs. Lakhs)
Particulars Schedule Ref. Form No. As At 30.09.2021 As At 30.09.2020
SOURCES OF FUNDS      
SHARE CAPITAL                                                               NL-8 87,720.00 87,720.00
SHARE APPLICATION MONEY PENDING ALLOTMENT      
RESERVES AND SURPLUS NL-10 2,341,777.48 2,076,372.80
FAIR VALUE CHANGE ACCOUNT      
-Shareholders' Funds   699,655.84 399,887.57
-Policyholders' Funds   2,540,012.00 1,550,619.71
       
BORROWINGS NL-11 - -
TOTAL   5,669,165.33 4,114,600.08
       
APPLICATION OF FUNDS      
INVESTMENTS-Shareholders NL-12 2,235,021.28 1,644,551.94
INVESTMENTS-Policyholders NL-12A 7,791,557.46 6,050,902.66
LOANS NL-13 19,416.96 21,561.14
FIXED ASSETS NL-14 16,543.35 17,551.03
DEFERRED TAX ASSET (Net)   1,792.92 9,922.91
CURRENT ASSETS      
Cash and Bank Balances NL-15 1,896,003.26 1,692,372.96
Advances and Other Assets NL-16 2,637,291.08 3,179,926.20
Sub-Total (A)   4,533,294.34 4,872,299.16
     
DEFERRED TAX LIABILITY (Net)   - -
CURRENT LIABILITIES NL-17 7,067,762.74 6,713,871.91
PROVISIONS NL-18 1,860,698.25 1,788,316.84
Sub-Total (B)   8,928,460.99 8,502,188.76
NET CURRENT ASSETS (C) = (A - B)   (4,395,166.65) (3,629,889.60)
MISCELLANEOUS EXPENDITURE (to the extent not written off or adjusted) NL-19 - -
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT      
TOTAL   5,669,165.33 4,114,600.08
CONTINGENT LIABILITIES
Particulars As At 30.09.2021 As At 30.09.2020
1. Partly paid-up investments    
2. Claims, other than against policies, not acknowledged as debts by the company    
3. Underwriting commitments outstanding (in respect of shares and securities)    
4. Guarantees given by or on behalf of the Company 544,881.36 377,732.75
5.Statutory demands/ liabilities in dispute, not provided for 1,467,125.89 1,157,782.50
6. Reinsurance obligations to the extent not provided for in accounts    
7 .Others
 (a)OSD
 (b).HR+ LEGAL 
4,826.92 4,129.09
TOTAL 2,016,834.18 1,539,644.33