FORM NL-17-CURRENT LIABILITIES SCHEDULE

(Amount in Rs. Lakhs)

Particulars

As at 31.03.2022

As At 31.03.2021

1

Agents’ Balances

2

Balances due to other insurance companies

 276,768.08

 248,071.09

3

Deposits held on re-insurance ceded

 3,923.31

 138,821.38

4

Premiums received in advance

(a) For Long term policies (a)

(b) for Other Policies

5

Unallocated Premium

6

Sundry creditors

 8,505.89

 8,123.96

7

Due to subsidiaries/ holding company

8

Claims Outstanding

 6,442,651.19

 5,887,300.01

9

Due to Officers/ Directors

10

Unclaimed Amount of policyholders

11

Income accrued on Unclaimed amounts

12

Interest payable on debentures/bonds

13

GST Liabilities

 21,095.12

 24,987.96

14

Others (to be specified)

a)  VAT Liability Dubai

 127.09

 144.33

TOTAL

 6,753,070.68

 6,307,448.74

Note :

(a) Long term policies are policies with more than one year tenure

Details of unclaimed amounts and Investment Income thereon            

(Annual Disclosure at the end of the Financial Year)

(Amount in Rs. Lakhs)

Particulars

As at…………

As At___________ (Corresponding previous year)

Opening Balance

Add: Amount transferred to unclaimed amount

Add: Cheques issued out of the unclaimed amount but not encashed by the policyholders (To be included only when the cheques are stale)

Add: Investment Income

Less: Amount paid during the year

Less: Transferred to SCWF

Closing Balance of Unclaimed Amount