| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
| PROVISIONS |
|
|
|
( '000) |
| |
Particulars |
As at 31.12.2016 |
As at 31.12.2015 |
| 1 |
Reserve for Unexpired Risk |
139527 479 |
77170 547 |
| 2 |
Reserve for Premium Deficiency |
0 |
584 596 |
| 3 |
For proposed dividends |
0 |
0 |
| 4 |
For dividend distribution tax |
0 |
0 |
| 5 |
For Doubtful Loans, Investment and Debts |
8523 493 |
8166 456 |
| 6 |
For Leave Encashment |
314 202 |
273 905 |
| 7 |
Provision for Pension |
22 439 |
140 861 |
| 8 |
Provision for Gratuity |
83 315 |
0 |
| 9 |
Provision for Settlement |
14 024 |
12 195 |
| 10 |
For Salary Arrears |
0 |
190 000 |
| 11 |
For PLLI Arrears |
0 |
16 800 |
| 12 |
Provision for Taxation |
0 |
0 |
|
Less: Advance Tax Paid and TDS |
2403 513 |
0 |
| |
|
150888 465 |
86555 360 |