FORM NL-17-CURRENT LIABILITIES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

CURRENT LIABILITIES

     

(` '000)

 

Particulars

As at 31.12.2019

As at 31.12.2018

1

Agents’ Balances

   

1

Balances due to other insurance companies

42666 913

25589 584

2

Deposits held on re-insurance ceded

8653 553

8718 288

4

Premiums received in advance

   

5

Unallocated Premium

   

3

Sundry creditors

470 194

709 461

4

Service tax liability

 0

 0

5

Claims Outstanding

584187 909

486784 943

6

Due to Officers/ Directors

   

6

LPA Liabilities

 0

 0

7

GST Liabilities

5189 497

4722 759

8

VAT Liability Dubai

12 056

40 525

 

TOTAL

641180 122

526565 560