| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
|---|---|---|---|
| PROVISIONS | |||
| (` '000) | |||
| Sr. No. | Particulars | As at 31.12.2014 | As at 31.12.2013 |
| 1 | Reserve for Unexpired Risk | 75386 661 | 71269 682 |
| 2 | Reserve for Premium Deficiency | 0 | 0 |
| 3 | For Fringe Benefit Tax | 0 | 0 |
| 4 | For MAT Tax | 0 | 0 |
| 5 | For proposed dividends | 0 | 0 |
| 6 | For dividend distribution tax | 0 | 0 |
| 7 | For Doubtful Loans, Investment and Debts | 6079 795 | 5558 167 |
| 8 | For Leave Encashment | 189 165 | 175 078 |
| 9 | Provision for Pension | -33 794 | 213 374 |
| 10 | Provision for Gratuity | 66 841 | 0 |
| 11 | Provision for Settlement | 10 648 | 8 668 |
| 12 | For Salary Arrears | 109 400 | 66 800 |
| 13 | For PLLI Arrears | 16 800 | 15 500 |
| TOTAL | 81825 517 | 77307 269 | |