FORM NL-17-CURRENT LIABILITIES SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

CURRENT LIABILITIES

( ₹ in 000)

Particulars

31.12.2020

31.12.2019

1

Agents’ Balances

1

Balances due to other insurance companies

26451 181

42666 913

2

Deposits held on re-insurance ceded

14196 775

8653 554

4

Premiums received in advance

5

Unallocated Premium

3

Sundry creditors

414 673

470 194

4

Service tax liability

 0

 0

5

Claims Outstanding

625327 759

584187 909

6

Due to Officers/ Directors

6

LPA Liabilities

 0

 0

7

GST Liabilities

4233 171

5189 497

8

Others:

a)VAT Liability Dubai

15 868

12 056

TOTAL

670639 427

641180 123