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 31.12.2013 NINE MONTH ENDING 31.12.2013
. ADVANCES . .
1 Reserve deposits with ceding companies 24771 742 19284 757
2 Application money for investments 277 548 0
3 Prepayments 1520 1258
4 Advances to..Directors/Officers 7750 3251
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 8226 333 8970 694
6 Others 840 587 16 031
7 Deferred Commission 360 073 271 914
. TOTAL (A) 34485 553 28547 905
. OTHER ASSETS    
1 Income accrued on investments 6780 179 5241 905
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business .(including reinsurers) 31743 990 40030 110
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act 297 877 299 933
8 Sundry Debtors 23 025 142 723
9 Sundry Deposits 251 599 251 255
10 LPA Assets  0  0
11 MAT Credit 5461 759 2226 800
12 Terrorism Pool Assets 39143 797 32379 895
. TOTAL (B) 83702226 80572 621
. TOTAL (A+B) 118187779 109120 526
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) . .