Schedule
(See Section 11)
Amounts to be paid
PART-A
|
Serial Number |
Name of Indian insurance company |
Amount to be paid |
|
|
(1) |
(2) |
(3) |
|
|
Rs. |
|||
|
1. |
All India General Insurance Company Ltd. . . . . . . . . . . . . . |
10,00,000 |
|
|
2. |
Anand Insurance Company Ltd. |
Preference Shares |
3,50,000 |
|
Equity Shares |
2,00,000 |
||
|
3. |
Bhabha Marine Insurance Company Ltd. . . . . . . . . . . . . . . |
54,448 |
|
|
4. |
Bharat General Reinsurance Ltd. |
Preference Shares |
8,18,000 |
|
Ordinary Shares |
13,49,844 |
||
|
5. |
British India General Insurance Company Ltd. . . . . . . . . . . . |
37,50,000 |
|
|
6. |
Calcutta Insurance Limited . . . . . . . . . . . . . . . . . . . . . . |
7,49,442 |
|
|
7. |
Central Mercantile Assurance Company Ltd. . . . . . . . . . . . . |
3,38,499 |
|
|
8. |
Clive Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
26,12,600 |
|
|
9. |
Commonwealth Assurance Company Ltd. . . . . . . . . . . . . . |
1,000 |
|
|
10. |
Concord of India Insurance Company Ltd. . . . . . . . . . . . . . |
39,77,100 |
|
|
11. |
Devkaran Nanjee Insurance Company Ltd. . . . . . . . . . . . . . |
16,80,000 |
|
|
12. |
General Assurance Society Ltd. . . . . . . . . . . . . . . . . . . . |
8,06,000 |
|
|
13. |
Hercules Insurance Company Ltd. . . . . . . . . . . . . . . . . . |
87,48,000 |
|
|
14. |
Hindusthan General Insurance Society Ltd. . . . . . . . . . . . . . |
15,52,500 |
|
|
15. |
Hindusthan Ideal Insurance Company Ltd. . . . . . . . . . . . . . |
25,20,605 |
|
|
16. |
Howrah Insurance Company Ltd. . . . . . . . . . . . . . . . . . . |
975 |
|
|
17. |
Hukumchand Insurance Company Ltd. . . . . . . . . . . . . . . . |
10,00,000 |
|
|
18. |
India Reinsurance Corporation Ltd. . . . . . . . . . . . . . . . . . |
2,05,02,200 |
|
|
19. |
Indian Guarantee & General Insurance Company Ltd. . . . . . . . |
1,95,69,760 |
|
|
20. |
Indian Mercantile Insurance Company Ltd. . . . . . . . . . . . . . |
50,33,195 |
|
|
21. |
Indian Merchants’ Marine Insurance Company Ltd. . . . . . . . . |
2,28,753 |
|
|
22. |
Indian Ocean Insurance Company Ltd. . . . . . . . . . . . . . . . |
1,00,000 |
|
|
23. |
Indian Trade & General Insurance Company Ltd. . . . . . . . . . |
61,21,200 |
|
|
24. |
Jalanath Insurance Ltd. . . . . . . . . . . . . . . . . . . . . . . . |
10,42,955 |
|
|
25. |
Jupiter General Insurance Company Ltd. . . . . . . . . . . . . . . |
26,24,445 |
|
|
26. |
Kalyan Marine Insurance Company Ltd. . . . . . . . . . . . . . . |
1,79,880 |
|
|
27. |
Liberty Insurance Company Ltd. . . . . . . . . . . . . . . . . . . |
1,000 |
|
|
28. |
Madras Motor and General Insurance Company Ltd. . . . . . . . . |
1,77,69,600 |
|
|
29. |
Madura Insurance Company Ltd. |
Preference Shares |
700 |
|
Ordinary Shares |
15,83,900 |
||
|
Deferred Shares |
12,500 |
||
|
30. |
Marine & General Insurance Company Ltd. . . . . . . . . . . . . |
8,95,300 |
|
|
31. |
Mother India Fire & General Insurance Company Ltd. . . . . . . . |
7,44,345 |
|
|
32. |
Motor Owners’ Insurance Company Ltd. . . . . . . . . . . . . . . |
1,65,575 |
|
|
33. |
Naranji Bhanabhai & Company Ltd. . . . . . . . . . . . . . . . . |
49,200 |
|
|
34. |
Narhari Marine Insurance Company Ltd. . . . . . . . . . . . . . . |
2,36,400 |
|
|
35. |
National Insurance Company Ltd. . . . . . . . . . . . . . . . . . . |
60,58,150 |
|
|
36. |
Neptune Assurance Company Ltd. . . . . . . . . . . . . . . . . . |
10,00,000 |
|
|
37. |
New Great Insurance Company of India Ltd. . . . . . . . . . . . . |
43,50,000 |
|
|
38. |
New India Assurance Company Limited . . . . . . . . . . . . . . . |
8,20,37,678 |
|
|
39. |
New Merchants Insurance Company Ltd. . . . . . . . . . . . . . . |
68,912 |
|
|
40. |
New Premier Insurance Company Ltd. . . . . . . . . . . . . . . . |
1,21,110 |
|
|
41. |
Northern India General Insurance Company Ltd. . . . . . . . . . . |
998 |
|
|
42. |
Oriental Fire & General Insurance Company Ltd. . . . . . . . . . |
2,43,98,000 |
|
|
43. |
Pandyan Insurance Company Ltd. . . . . . . . . . . . . . . . . . . |
90,00,000 |
|
|
44. |
Pioneer Fire & General Insurance Company Ltd. . . . . . . . . . . |
11,82,610 |
|
|
45. |
Porbandar Insurance Company Ltd. . . . . . . . . . . . . . . . . . |
59,194 |
|
|
46. |
Prachi Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
21,375 |
|
|
47. |
Ruby General Insurance Company Ltd. . . . . . . . . . . . . . . . |
1,38,74,000 |
|
|
48. |
Shree Mahasagar Vima Company Ltd. . . . . . . . . . . . . . . . |
1,18,252 |
|
|
49. |
South India Insurance Company Ltd. . . . . . . . . . . . . . . . . |
60,63,000 |
|
|
50. |
Sterling General Insurance Company Ltd. |
Preference Shares |
23,000 |
|
Ordinary Shares |
16,08,139 |
||
|
51. |
Triton Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
47,07,180 |
|
|
52. |
United India Fire & General Insurance Company Ltd. . . . . . . . |
21,39,991 |
|
|
53. |
Universal Fire & General Insurance Company Ltd. . . . . . . . . . |
24,71,618 |
|
|
54. |
Vanguard Insurance Company Ltd. . . . . . . . . . . . . . . . . . |
896 |
|
|
55. |
Vulcan Insurance Company Ltd. . . . . . . . . . . . . . . . . . . |
32,49,617 |
|
PART-B
|
Serial Number |
Name of insurer |
Amount to be paid |
|
(1) |
(2) |
(3) |
|
Rs. |
||
|
1. |
Co-operative Fire & General Insurance Society Ltd. . . . . . . . . . |
18,69,000 |
|
2. |
Co-operative General Insurance Society Ltd. . . . . . . . . . . . . . |
5,93,000 |
|
3. |
Indian Mutual General Insurance Society Ltd. . . . . . . . . . . . . |
1,40,000 |
|
4. |
Life Insurance Corporation of India . . . . . . . . . . . . . . . . . . |
2,81,34,000 |
|
5. |
Millowners’ Mutual Insurance Association Ltd. . . . . . . . . . . . |
12,89,000 |
|
6. |
Orissa Co-operative Insurance Society Ltd. . . . . . . . . . . . . . |
2,83,000 |
|
7. |
Reinsurance Association of India (International) Ltd. . . . . . . . . |
13,000 |
|
8. |
Union Co-operative Insurance Society Ltd. . . . . . . . . . . . . . |
37,60,000 |
|
9. |
Alliance Assurance Company Ltd. . . . . . . . . . . . . . . . . . . |
36,65,000 |
|
10. |
American Insurance Company . . . . . . . . . . . . . . . . . . . . |
3,30,000 |
|
11. |
Atlas Assurance Company Ltd. . . . . . . . . . . . . . . . . . . . . |
64,85,000 |
|
12. |
Baloise Insurance Company Limited . . . . . . . . . . . . . . . . . |
22,67,000 |
|
13. |
British Aviation Insurance Company Ltd. . . . . . . . . . . . . . . |
1,000 |
|
14. |
Caledonian Insurance Company . . . . . . . . . . . . . . . . . . . . |
81,000 |
|
15. |
Century Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
6,04,000 |
|
16. |
Commercial Union Assurance Company Ltd. . . . . . . . . . . . . |
85,20,000 |
|
17. |
Eagle Star Insurance Company Ltd. . . . . . . . . . . . . . . . . . |
37,12,000 |
|
18. |
Gerling Global Reinsurance Company Ltd. . . . . . . . . . . . . . |
1,000 |
|
19. |
Great American Insurance Company . . . . . . . . . . . . . . . . . |
3,81,000 |
|
20. |
Guardian Assurance Company Ltd. . . . . . . . . . . . . . . . . . . |
19,98,000 |
|
21. |
Hanover Insurance Company . . . . . . . . . . . . . . . . . . . . . |
42,13,000 |
|
22. |
Hartford Fire Insurance Company . . . . . . . . . . . . . . . . . . . |
2,96,000 |
|
23. |
Home Insurance Company . . . . . . . . . . . . . . . . . . . . . . |
3,73,000 |
|
24. |
Legal & General Assurance Society Ltd. . . . . . . . . . . . . . . . |
5,28,000 |
|
25. |
Liverpool and London and Globe Insurance Company Ltd. . . . . . |
8,23,000 |
|
26. |
London Assurance . . . . . . . . . . . . . . . . . . . . . . . . . . . |
12,30,000 |
|
27. |
London Guarantee & Accident Company Ltd. . . . . . . . . . . . . |
40,000 |
|
28. |
London & Lancashire Insurance Company Ltd. . . . . . . . . . . . |
47,70,000 |
|
29. |
L’Union Fire, Accident and General Insurance Company Ltd. . . . . |
1,000 |
|
30. |
National Employers’ Mutual General Insurance Association Ltd. . . |
3,17,003 |
|
31. |
National Insurance Company of New Zealand Ltd. . . . . . . . . . |
1,000 |
|
32. |
New Hampshire Insurance Company . . . . . . . . . . . . . . . . . |
19,08,000 |
|
33. |
New Zealand Insurance Company Ltd. . . . . . . . . . . . . . . . . |
10,84,000 |
|
34. |
Norwich Union Fire Insurance Society Ltd. . . . . . . . . . . . . . |
31,43,000 |
|
35. |
Phoenix Assurance Company Ltd. . . . . . . . . . . . . . . . . . . |
2,63,000 |
|
36. |
Provincial Insurance Company Ltd. . . . . . . . . . . . . . . . . . |
1,000 |
|
37. |
Queensland Insurance Company Ltd. . . . . . . . . . . . . . . . . . |
10,31,000 |
|
38. |
Royal Exchange Assurance . . . . . . . . . . . . . . . . . . . . . . |
49,62,000 |
|
39. |
Royal Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . . |
73,28,000 |
|
40. |
Scottish Union & National Insurance Company . . . . . . . . . . . . |
43,15,000 |
|
41. |
Skandia Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
1,000 |
|
42. |
South British Insurance Company Ltd. . . . . . . . . . . . . . . . . |
18,42,000 |
|
43. |
Sun Insurance Office Ltd. . . . . . . . . . . . . . . . . . . . . . . . |
25,86,000 |
|
44. |
Switzerland General Insurance Company Ltd. . . . . . . . . . . . . |
6,35,000 |
|
45. |
Threadneedle Insurance Company Ltd. . . . . . . . . . . . . . . . . |
1,000 |
|
46. |
Tokio Marine & Fire Insurance Company Ltd. . . . . . . . . . . . . |
92,000 |
|
47. |
Union Insurance Society of Canton Ltd. . . . . . . . . . . . . . . . |
5,89,000 |
|
48. |
United Scottish Insurance Company Ltd. . . . . . . . . . . . . . . . |
83,000 |
|
49. |
Welfare Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
1,000 |
|
50. |
Western Assurance Company . . . . . . . . . . . . . . . . . . . . . |
13,92,000 |
|
51. |
Yorkshire Insurance Company Ltd. . . . . . . . . . . . . . . . . . . |
16,31,000 |
|
52. |
Zurich Insurance Company Ltd. . . . . . . . . . . . . . . . . . . . |
1,000 |
|
Other Contents of General Insurance Business (Nationalisation) Act, 1972 |
|
Sections 1 to 10-B |
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