FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer:..GENERAL INSURANCE CORPORATION OF INDIA
ADVANCES AND OTHER ASSETS
. . . (Rs '000)
. Particulars NINE MONTH ENDING 31.12.2012 NINE MONTH ENDING 31.12.2011
. ADVANCES    
1 Reserve deposits with ceding companies 19284 757 14178 631
2 Application money for investments  0 250 000
3 Prepayments 1 258 23 197
4 Advances to..Directors/Officers 3 251 2 087
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 8970 694 10841 399
6 Others 16 031 18 417
7 Deferred Commission 271 914 271 545
. TOTAL (A) 28547 905 25585 276
. OTHER ASSETS    
1 Income accrued on investments 5241 905 4860 026
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business .(including reinsurers) 40030 109 33541 668
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act 299 932 301 993
8 Sundry Debtors 142 723 3 093
9 Sundry Deposits 251 255 237 567
10 LPA Assets  0  0
11 MAT Credit 2226 800 771 571
12 Terrorism Pool Assets 32379 895 26008 665
. TOTAL (B) 80572 619 65724 583
. TOTAL (A+B) 109120 524 91309 859
Notes: . . .
(a)........The items under the above heads shall not be shown net of provisions for doubtful amounts. The amount of provision against each head should be shown separately.
(b)........The term ‘officer’ should conform to the definition of that term as..given under the Companies Act, 1956.
(c)........Sundry Debtors will be shown under item 9(others) . .