FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE

     
     
   

(Amount in Rs. Lakhs)

 

Particulars

 

As at 31.03.2022

As At 31.03.2021

 

ADVANCES

   

1

Reserve deposits with ceding companies

 

 749,625.76

 815,500.68

2

Application money for investments

 

 -  

 -  

3

Prepayments

 

 3,897.11

 4,282.13

4

Advances to  Directors/Officers

 

 25.96

 30.68

5

Advance tax paid and taxes deducted at source (Net of provision for taxation)

 

 85,942.72

 77,768.10

6

Others (to be specified)

(i)_____

(ii) _____

 

 2,189.32

 2,200.16

 

TOTAL (A)

 

 841,680.88

 899,781.74

     
 

OTHER ASSETS

   

1

Income accrued on investments

 

 128,200.46

 116,190.81

2

Outstanding Premiums

   
 

Less : Provisions for doubtful ,if any

   

3

Agents’ Balances

   

4

Foreign Agencies Balances

   

5

Due from other entities carrying on insurance business (including reinsurers)

 1,058,978.87

 

 1,261,176.71

 

Less : Provisions for doubtful, if any

 33,970.06

 

 54,890.16

   

 1,025,008.81

 1,206,286.55

6

Due from subsidiaries/ holding

   

7

Investments held for Unclaimed Amount of Policyholders

   

8

Others (to be specified)

 

 

   
 

Sundry Debtors

 

 2,704.24

 119.65

 

Sundry Deposits

 

 226,693.87

 185,388.09

 

MAT Credit Entitlement

 

 -  

 78,014.83

 

GST Asset

 

 5,941.82

 1,074.63

 

Pension Asset

 

 -  

 -  

 

Gratuity Asset

 

 -  

 290.29

 

TOTAL (B)

 

 1,388,549.20

 1,587,364.84

 

TOTAL (A+B)

 

 2,230,230.08

 2,487,146.59

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.