FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
ADVANCES AND OTHER ASSETS
  Particulars As at 30.09.2010 As at 30.09.2009 for the corresponding previous year
    (Rs.000) (Rs.000)
  ADVANCES    
1 Reserve deposits with ceding companies 10840693 14775509
2 Application money for investments  0 100000
3 Prepayments 2865 2262
4 Advances to  Directors/Officers 1751 1592
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 10012 466 3274719
6 Others 201256 15949
7 Deferred Commission 149432 118714
  TOTAL (A) 21208463 18288745
       
  OTHER ASSETS    
1 Income accrued on investments 3536058 3367466
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business  (including reinsurers) 23785646 17766988
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act 304565 307652
8 Sundry Debtors 112106 102443
9 Sundry Deposits 236659 101950
10 Terrorism Pool Assets 19811 953 16367002
  TOTAL (B) 47786987 38013501
  TOTAL (A+B) 68995450 56302246
* (Includes Rs.869,717,120/- for provision for Bad and doubtful debts)