FORM NL-18-PROVISIONS SCHEDULE

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

PROVISIONS

   

( ₹ in 000)

 

Particulars

30.06.2021

30.06.2020

1

Reserve for Unexpired Risk

193856 881

164367 136

2

Reserve for Premium Deficiency

710 760

322 327

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

20823 165

17493 696

8

For Leave Encashment

396 930

414 977

9

Provision for Pension

 0

597 982

10

Provision for Gratuity

 0

43 558

11

Provision for Settlement

20 041

21 288

12

For  Salary Arrears

 0

 0

13

For  Provident fund

14 664

14 918

14

For PLLI Arrears

19 204

 0

15

Provision for Taxation  less Advance tax paid & TDS

1800 839

1562 594

 

TOTAL

217642 484

184838 476