FORM NL-18-PROVISIONS SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PROVISIONS

( ₹ in 000)

Particulars

31.12.2020

31.12.2019

1

Reserve for Unexpired Risk

171375 961

147021 420

2

Reserve for Premium Deficiency

230 658

377 164

3

For Fringe Benefit Tax

 0

 0

4

For MAT Tax

 0

 0

3

For proposed dividends

 0

 0

4

For dividend distribution tax

 0

 0

5

For Doubtful Loans, Investment and Debts

18838 187

16709 033

6

For Leave Encashment

434 486

392 896

7

Provision for Pension

164 139

729 330

8

Provision for Gratuity

 0

11 547

9

Provision for Settlement

21 136

20 869

10

For  Salary Arrears

 0

 0

11

For  Provident fund

15 096

16 066

12

For PLLI Arrears

 0

 0

13

Provision for Taxation  less Advance tax paid & TDS

1964 994

2440 600

TOTAL

193044 657

167718 925