FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS
Particulars As at 31.03.2011 As at 31.03.2010 for the corresponding previous year
  Rs '000) (Rs '000)
ADVANCES - -
Reserve deposits with ceding companies 11527 470 16476 166
Application money for investments  0  0
Prepayments 42 709 42 914
Advances to  Directors/Officers 1 545 1 866
Advance tax paid and taxes deducted at source (Net of provision for taxation) 14172 919 11121 246
Others 36 508 11 692
Deferred Commission 326 790 231 681
TOTAL (A) 26107 941 27885 565
- - -
OTHER ASSETS - -
Income accrued on investments 3907 102 3233 690
Outstanding Premiums - -
Agents’ Balances - -
Foreign Agencies Balances -- -
Due from other entities carrying on insurance business  (including reinsurers) 23162 745 17717 354
- - -
Due from subsidiaries/ holding - -
- - -
Deposit U/S-7 of Insurance Act 303 541 305 597
Sundry Debtors 309 848 97 869
Sundry Deposits 238 219 102 107
MAT Credit 771 571  0
Terrorism Pool Assets 21575 791 17457 208
- - -
TOTAL (B) 50268 817 38913 825
TOTAL (A+B) 76376 758 66799 390
FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
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)