Form NL-18 - Provision Schedule

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PROVISIONS

(Rs. '000)

Particulars

30.06.2020

30.06.2019

1

Reserve for Unexpired Risk

164367 136

158702 239

2

Reserve for Premium Deficiency

322 327

192 763

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

17493 696

11881 015

8

For Leave Encashment

414 977

374 335

9

Provision for Pension

597 982

12 093

10

Provision for Gratuity

43 558

 0

11

Provision for Settlement

21 288

18 908

12

For  Salary Arrears

 0

 0

13

For  Provident fund

14 918

14 786

14

For PLLI Arrears

 0

 0

15

Provision for Taxation  less Advance tax paid & TDS

1562 594

4296 361

TOTAL

184838 476

175492 500