| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| PROVISIONS | |||
| Sr. No |
Particulars | As at 31.12.2015 | (` '000) As at 31.12.2014 |
|---|---|---|---|
| 1 | Reserve for Unexpired Risk | 77170548 | 75386661 |
| 2 | Reserve for Premium Deficiency | 584595 | 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 | 8166456 | 6079795 |
| 8 | For Leave Encashment | 273905 | 189166 |
| 9 | Provision for Pension | 140861 | -33794 |
| 10 | Provision for Gratuity | 0 | 66841 |
| 11 | Provision for Settlement | 12195 | 10648 |
| 12 | For Salary Arrears | 190000 | 109400 |
| 13 | For PLLI Arrears | 16800 | 16800 |
| TOTAL | 86555360 | 81825517 | |