180 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V.  NOTE 20 - 21 NOTE 20 INSURANCE CONTRACTS FOR ACCOUNT  OF POLICYHOLDERS  2010 2009 Insurance contracts for account of policyholders 77,650 69,760 At January 1 69,760 60,808 Disposal of a business –  (226) Portfolio transfers and acquisitions  (142)  (348) Gross premium and deposits – existing and new business 6,475 5,760 Unwind of discount / interest credited 7,166 9,697 Insurance liabilities released  (7,780)  (5,697) Fund charges released  (1,074)  (975) Changes in valuation of expected future benefi ts  (63)  (98) Transfer to / from insurance contracts  (6) 1,156  Net exchange differences 3,283  (318) Other 31 1 AT DECEMBER 31 77,650 69,760 NOTE  21 INVESTMENT CONTRACTS 2010 2009 Investment contracts  1 23,237 27,932 1  Refer to note 47 for a summary of all financial assets and financial liabilities at fair value through profit or loss. Without  discretionary  participation  features With  discretionary  participation  features Total At January 1, 2010 27,318 614 27,932 Portfolio transfers and acquisitions (185) – (185) Deposits 3,261 – 3,261 Withdrawals  (9,803) –  (9,803) Investment contracts liabilities released – 46 46 Interest credited 666 – 666 Fund charges released  (11) –  (11) Movements related to fair value hedges  (25) –  (25) Net exchange differences 1,717 19 1,736 Other  (380) –  (380) AT DECEMBER 31, 2010 22,558 679 23,237