| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
|---|---|---|---|
| PROVISIONS | |||
| (` '000) | |||
| Particulars | As at 31.12.2017 | As at 31.12.2016 | |
| 1 | Reserve for Unexpired Risk | 114197 183 | 139527 478 |
| 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 | 9011 670 | 8523 493 |
| 8 | For Leave Encashment | 347 634 | 314 202 |
| 9 | Provision for Pension | 11 789 | 22 439 |
| 10 | Provision for Gratuity | 18 360 | 83 315 |
| 11 | Provision for Settlement | 15 568 | 14 024 |
| 12 | For Salary Arrears | 0 | 0 |
| 13 | For Provident fund | 11 305 | 0 |
| 14 | For PLLI Arrears | 0 | 0 |
| 15 | Provision for Taxation less Advance tax paid & TDS | 3243 166 | 2403 514 |
| TOTAL | 126856 675 | 150888 465 | |