| FORM NL-17-CURRENT LIABILITIES SCHEDULE | |||
| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
| CURRENT LIABILITIES | |||
| (` '000) | |||
| Particulars | As at 31.12.2018 | As at 31.12.2017 | |
| 1 | Agents’ Balances | ||
| 2 | Balances due to other insurance companies | 25589 584 | 19495 049 |
| 3 | Deposits held on re-insurance ceded | 8718 288 | 9058 629 |
| 4 | Premiums received in advance | ||
| 5 | Unallocated Premium | ||
| 4 | Sundry creditors | 709 461 | 549 075 |
| 5 | Service tax liability | 0 | 6 985 |
| 6 | Claims Outstanding | 486784 943 | 403687 954 |
| 9 | Due to Officers/ Directors | ||
| 10 | LPA Liabilities | 0 | 0 |
| 7 | GST Liabilities | 4722 759 | 1533 573 |
| 8 | VAT Liability Dubai | 40 525 | 0 |
| TOTAL | 526565 559 | 434331 265 |