FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
ADVANCES AND OTHER ASSETS
  Particulars As at 31.12.2010 As at 31.12.2009 for the corresponding previous year
    (` '000) (` '000)
  ADVANCES    
1 Reserve deposits with ceding companies 10647 113 15724 728
2 Application money for investments  0 200 000
3 Prepayments 12 850 9 922
4 Advances to  Directors/Officers 1 455 2 243
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 10641 418 3482 872
6 Others 204 439 22 261
7 Deferred Commission 206 370 162 090
  TOTAL (A) 21713 645 19604 116
       
  OTHER ASSETS    
1 Income accrued on investments 3661 337 3304 150
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business  (including reinsurers) 21929 297 16339 842
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act 304 047 306 103
8 Sundry Debtors 106 808 239 280
9 Sundry Deposits 237 355 101 314
10 MAT Credit 771 571  
11 Terrorism Pool Assets 20679 664 16663 706
  TOTAL (B) 47690 079 36954 395
  TOTAL (A+B) 69403 724 56558 511
* (Includes ` 869,717,120/- for provision for Bad and doubtful debts)