| Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||
|---|---|---|---|
| PROVISIONS | |||
| (` '000) | |||
| Particulars | As at 31.03.2017 | As at 31.03.2016 | |
| 1 | Reserve for Unexpired Risk | 121079 916 | 86483 331 |
| 2 | Reserve for Premium Deficiency | 0 | 0 |
| 3 | For Fringe Benefit Tax | 0 | 0 |
| 4 | For MAT Tax | 0 | 0 |
| 5 | For proposed dividends | 0 | 8600 000 |
| 6 | For dividend distribution tax | 0 | 1750 788 |
| 7 | For Doubtful Loans, Investment and Debts | 7908 883 | 5313 238 |
| 8 | For Leave Encashment | 332 085 | 245 182 |
| 9 | Provision for Pension | 44 926 | 93 972 |
| 10 | Provision for Gratuity | 48 438 | 33 473 |
| 11 | Provision for Settlement | 15 216 | 14 024 |
| 12 | For Salary Arrears | 0 | 0 |
| 13 | For PLLI Arrears | 25 000 | 0 |
| 14 | Provision for Taxation less Advance tax paid & TDS | 2632 680 | 1790 333 |
| TOTAL | 132087 144 | 104324 341 | |