FORM NL-17-CURRENT LIABILITIES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

CURRENT LIABILITIES

(` '000)

Particulars

30.09.2020

30.09.2019

1

Agents’ Balances

2

Balances due to other insurance companies

30691 340

34029 072

3

Deposits held on re-insurance ceded

13815 900

8693 372

4

Premiums received in advance

5

Unallocated Premium

6

Sundry creditors

551 020

264 682

7

Service tax liability

 0

 0

8

Claims Outstanding

621884 770

586641 964

9

Due to Officers/ Directors

10

LPA Liabilities

 0

 0

11

GST Liabilities

4433 860

3427 740

12

VAT Liability Dubai

10 301

21 769

TOTAL

671387 191

633078 599