FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS
(` '000)
  Particulars As at 31.03.2016 As at 31.03.2015
  ADVANCES    
1 Reserve deposits with ceding companies 29847 168 25570 338
2 Application money for investments  0  0
3 Prepayments 80 298 78 348
4 Advances to  Directors/Officers 5 164 5 258
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 1599 964 5823 802
6 Others 2902 834 2392 388
7 Deferred Commission 554 705 473 178
  TOTAL (A) 34990 133 34343 312
  OTHER ASSETS    
1 Income accrued on investments 8267 277 7550 171
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business  (including reinsurers) 35225 913 36952 020
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act  0 295 314
8 Sundry Debtors 174 340 3394 901
9 Sundry Deposits 360 558 289 644
10 LPA Assets  0  0
11 MAT Credit 15045 407 10954 816
12 Service Tax Unutilised Credit 428 530 343 260
13 Terrorism Pool Assets 55475 318 47828 436
  TOTAL (B) 114977 343 107608 562
  TOTAL (A+B) 149967 476 141951 874
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)