Revenue Account of GIC in Respect of Marine Insurance Business (As on 31st March, 2001) | ||
Particulars | Rupees | US $ (equivalent) |
Claims Under Police Less Reinsurances: | ||
Paid During the Year | ||
Add: Total Estimated Liability in Respect of Outstanding Claims at the End of the Year, Whether due or Intimated | ||
Total | ||
Less: Outstanding at the End of the Previous Year | ||
Difference | ||
Commission on Reinsurance Accepted | ||
Expenses of Management | ||
Loss on Exchange (Net) | ||
Profit Transferred to Profit and Loss Account | ||
Balance of Account at the End of the Year as Shown in the Balance Sheet | ||
Reserve for Unexpired Risks being Hundred Percent (100%) of the Premium Income of the Year | ||
Grand Total | ||
Claims Paid to Claimants in India | ||
Claims Paid to Claimants Outside India | ||
Balance of Account At The Beginning of the Year | ||
Reserve for Unexpired Risks | ||
Premiums, Less Reinsurances | ||
Commission on Reinsurances Ceded | ||
Miscellaneous Receipts | ||
Grand Total | ||
Premiums Derived from Business Effected in India | ||
Premiums Derived from Business Effected Outside India |