FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS
(` '000)
Sr. No. Particulars As at 31.03.2015 As at 31.03.2014
  ADVANCES    
1 Reserve deposits with ceding companies 25570338 25255607
2 Application money for investments 0 277548
3 Prepayments 78348 46503
4 Advances to  Directors/Officers 5258 4799
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 4784155 8451831
6 Others 2392388 1110248
7 Deferred Commission 473178 505797
TOTAL (A) 33303665 35652333
OTHER ASSETS
1 Income accrued on investments 7550171 6692382
2 Outstanding Premiums
3 Agents’ Balances
4 Foreign Agencies Balances
5 Due from other entities carrying on insurance business  (including reinsurers) 36952020 32846402
6 Due from subsidiaries/ holding
7 Deposit U/S-7 of Insurance Act 295314 297370
8 Sundry Debtors 3394901 961925
9 Sundry Deposits 289644 252491
10 LPA Assets 0 0
11 MAT Credit 10954816 7301516
12 Service Tax Unutilised Credit 343261 684396
13 Terrorism Pool Assets 47828436 40581558
TOTAL (B) 107608563 89618040
TOTAL (A+B) 140912228 125270373
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)