| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
|---|---|---|---|
| PROVISIONS | |||
| (` '000) | |||
| Sr. No. | Particulars | As at 31.03.2015 | As at 31.03.2014 |
| 1 | Reserve for Unexpired Risk | 74463872 | 71476261 |
| 2 | Reserve for Premium Deficiency | 584595 | 0 |
| 3 | For Fringe Benefit Tax | 0 | 0 |
| 4 | For MAT Tax | 0 | 0 |
| 5 | For proposed dividends | 5400000 | 3311000 |
| 6 | For dividend distribution tax | 1099332 | 562704 |
| 7 | For Doubtful Loans, Investment and Debts | 6471674 | 5364543 |
| 8 | For Leave Encashment | 227340 | 221463 |
| 9 | Provision for Pension | 31109 | 235597 |
| 10 | Provision for Gratuity | 75675 | -12100 |
| 11 | Provision for Settlement | 12195 | 10648 |
| 12 | For Salary Arrears | 130000 | 77200 |
| 13 | For PLLI Arrears | 16800 | 16800 |
| TOTAL | 88512592 | 81264116 | |