FORM NL-18

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PROVISIONS

     

(` '000)

 

Particulars

As at 31.12.2019

As at 31.12.2018

1

Reserve for Unexpired Risk

147021 420

122447 861

2

Reserve for Premium Deficiency

377 164

48 583

3

For Fringe Benefit Tax

 0

 0

4

For MAT Tax

 0

 0

3

For proposed dividends

 0

 0

4

For dividend distribution tax

 0

 0

5

For Doubtful Loans, Investment and Debts

16709 033

6471 540

6

For Leave Encashment

392 896

361 733

7

Provision for Pension

729 330

46 981

8

Provision for Gratuity

11 547

6 273

9

Provision for Settlement

20 869

17 314

10

For  Salary Arrears

 0

 0

11

For  Provident fund

16 066

16 788

12

For PLLI Arrears

 0

 78

13

Provision for Taxation  less Advance tax paid & TDS

2440 600

4941 632

 

TOTAL

167718 925

134358 783