Form NL-18 - Provision Schedule

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PROVISIONS

   

(` '000)

 

Particulars

30.09.2020

30.09.2019

1

Reserve for Unexpired Risk

157914 322

127578 526

2

Reserve for Premium Deficiency

350 785

540 813

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

18473 368

13500 093

8

For Leave Encashment

425 522

382 408

9

Provision for Pension

 0

1023 141

10

Provision for Gratuity

 0

14 651

11

Provision for Settlement

20 947

19 853

12

For  Salary Arrears

 0

 0

13

For  Provident fund

15 142

15 338

14

For PLLI Arrears

 0

 0

15

Provision for Taxation  less Advance tax paid & TDS

1631 599

2499 156

 

TOTAL

178831 685

145573 979