| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
|---|---|---|---|
| PROVISIONS | |||
| (` '000) | |||
| Particulars | As at 30.09.2017 | As at 30.09.2016 | |
| 1 | Reserve for Unexpired Risk | 125002 655 | 120327 064 |
| 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 | 1750 788 |
| 7 | For Doubtful Loans, Investment and Debts | 9815 883 | 8248 766 |
| 8 | For Leave Encashment | 341 071 | 292 432 |
| 9 | Provision for Pension | 58 796 | 13 478 |
| 10 | Provision for Gratuity | 12 570 | 45 429 |
| 11 | Provision for Settlement | 15 568 | 14 024 |
| 12 | For Salary Arrears | 0 | 0 |
| 13 | For Provident fund | 6 495 | 0 |
| 14 | For PLLI Arrears | 24 300 | 0 |
| 15 | Provision for Taxation less Advance tax paid & TDS | 6175 748 | 1881 463 |
| TOTAL | 141453 086 | 132573 444 | |