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FORM NL-18 |
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Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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PROVISIONS |
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(` '000) |
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Particulars |
As at 31.12.2019 |
As at 31.12.2018 |
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1 |
Reserve for Unexpired Risk |
147021 420 |
122447 861 |
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2 |
Reserve for Premium Deficiency |
377 164 |
48 583 |
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3 |
For Fringe Benefit Tax |
0 |
0 |
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4 |
For MAT Tax |
0 |
0 |
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3 |
For proposed dividends |
0 |
0 |
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4 |
For dividend distribution tax |
0 |
0 |
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5 |
For Doubtful Loans, Investment and Debts |
16709 033 |
6471 540 |
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6 |
For Leave Encashment |
392 896 |
361 733 |
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7 |
Provision for Pension |
729 330 |
46 981 |
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8 |
Provision for Gratuity |
11 547 |
6 273 |
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9 |
Provision for Settlement |
20 869 |
17 314 |
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10 |
For Salary Arrears |
0 |
0 |
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11 |
For Provident fund |
16 066 |
16 788 |
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12 |
For PLLI Arrears |
0 |
78 |
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13 |
Provision for Taxation less Advance tax paid & TDS |
2440 600 |
4941 632 |
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TOTAL |
167718 925 |
134358 783 |
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