FORM NL-18-PROVISIONS SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PROVISIONS

Particulars

31.03.2021

31.03.2020

1

Reserve for Unexpired Risk

178048 714

154732 655

2

Reserve for Premium Deficiency

600 061

247 098

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

20548 240

17038 999

8

For Leave Encashment

395 513

400 957

9

Provision for Pension

164 495

567 000

10

Provision for Gratuity

 0

56 185

11

Provision for Settlement

20 758

21 946

12

For  Salary Arrears

 0

 0

13

For  Provident fund

15 191

13 630

14

For PLLI Arrears

19 204

 0

15

Provision for Taxation  less Advance tax paid & TDS

3659 894

1562 594

TOTAL

203472 070

174641 064