| FORM NL-18-PROVISIONS SCHEDULE | |||
|---|---|---|---|
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| PROVISIONS | |||
| - | Particulars | As at 31.03.2011 | As at 31.03.2010 for the corresponding previous year |
| - | - | (Rs '000) | (Rs '000) |
| 1 | Reserve for Unexpired Risk | 58070 141 | 48384 750 |
| 2 | For taxation (less advance tax paid and taxes deducted at source) | 0 | 0 |
| 3 | For proposed dividends | 2064 000 | 3526 000 |
| 4 | For dividend distribution tax | 342 805 | 585 625 |
| 5 | For Doubtful Loans, Investment and Debts | 2513 026 | 2148 770 |
| 6 | For Leave Encashment | 81 672 | 73 111 |
| 7 | Provision for Pension | 104 245 | 71 368 |
| 8 | Provision for Gratuity | 46 888 | 0 |
| 9 | Provision for Settlement | 6 850 | 7 034 |
| 10 | For Salary Arrears | 0 | 88 885 |
| 11 | For PLLI Arrears | 12 500 | 15 000 |
| 12 | Others (to be specified) | - | - |
| 13 | Reserve for Premium Deficiency | - | - |
| - | TOTAL | 63242 127 | 54900 543 |