Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
PROVISIONS |
|
|
|
(` '000) |
|
Particulars |
As at 31.12.2017 |
As at 31.12.2016 |
1 |
Reserve for Unexpired Risk |
114197 183 |
139527 478 |
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 |
0 |
6 |
For dividend distribution tax |
0 |
0 |
7 |
For Doubtful Loans, Investment and Debts |
9011 670 |
8523 493 |
8 |
For Leave Encashment |
347 634 |
314 202 |
9 |
Provision for Pension |
11 789 |
22 439 |
10 |
Provision for Gratuity |
18 360 |
83 315 |
11 |
Provision for Settlement |
15 568 |
14 024 |
12 |
For Salary Arrears |
0 |
0 |
13 |
For Provident fund |
11 305 |
0 |
14 |
For PLLI Arrears |
0 |
0 |
15 |
Provision for Taxation less Advance tax paid & TDS |
3243 166 |
2403 514 |
|
TOTAL |
126856 675 |
150888 465 |