FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS
(Rs. '000)
  Particulars As at 31.12.2016 As at 31.12.2015
  ADVANCES    
1 Reserve deposits with ceding companies 39305 069 29766 922
2 Application money for investments  0  0
3 Prepayments 9 071 9 856
4 Advances to  Directors/Officers 6 380 4 376
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 5206 022 -159 878
6 Others 166 275 1876 303
7 Deferred Commission 537 195 332 985
  TOTAL (A) 45230 012 31830 564
  OTHER ASSETS    
1 Income accrued on investments 7944 863 7838 533
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business  (including reinsurers) 98180 626 41041 191
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act  0 293 766
8 Sundry Debtors 262 419 -19 345
9 Sundry Deposits 371 603 360 532
10 LPA Assets  0  0
11 MAT Credit 14926 087 11742 956
12 Service Tax Unutilised Credit 445 977 530 842
13 Terrorism Pool Assets  0  0
  TOTAL (B) 122131 575 61788 475
  TOTAL (A+B) 167361 587 93619 039
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, 2013.
(c)        Sundry Debtors will be shown under item 9(others)