Page 52 - Insurance Times September 2019

(Rs. crore) >=5 Years M 0.2% 0.3% 0.3% 0.0% 0.1% 0.0% 0.1% 0.2% 0.5% 0.0% 0.0% 0.0% 0.4% 0.4% 0.0% 0.0% 2.4% 0.0% 0.1% 0.3% 0.4% 0.7% 0.7% 0.4% 0.5% 0.4%

>=3 to <5 Years L 0.2% 0.7% 0.8% 0.0% 0.1% 0.0% 0.2% 0.2% 0.7% 0.0% 0.0% 0.5% 0.3% 0.4% 0.0% 0.0% 3.6% 0.1% 0.4% 0.3% 0.3% 0.3% 0.5% 0.1% 0.2% 0.2%

Analysis of Claims Paid (Number) >=1 yr to >=6 < 3 Years to <12 Months K J 0.5% 0.9% 0.9% 1.6% 2.7% 3.1% 0.0% 0.0% 0.4% 0.9% 0.0% 0.0% 0.7% 1.0% 0.5% 0.5% 6.2% 4.9% 0.0% 0.4% 0.4% 0.9% 4.2% 3.4% 0.6% 0.5% 1.1% 1.2% 55.8% 34.7% 0.3% 0.4% 6.6% 6.4% 0.6% 1.3% 0.7% 0.7% 1.3% 1.4% 1.5% 5.0% 1.3% 2.5% 2.7% 6.5% 0.7% 10.4% 1.2% 6.7% 1.2% 5.0%

ANALYSIS OF CLAIMS - GENERAL INSURERS 2017-18

>=3 to <6 Months I 3.3% 5.4% 6.0% 0.0% 4.2% 0.0% 2.5% 1.9% 10.1% 2.4% 2.5% 5.0% 0.9% 2.0% 7.4% 1.2% 7.7% 5.2% 2.9% 3.4% 12.2% 6.4% 9.4% 27.7% 16.7% 12.5%

< 3 Months H 94.9% 91.1% 87.1% 100.0% 94.2% 100.0% 95.6% 96.8% 77.6% 97.1% 96.2% 86.8% 97.2% 95.0% 2.1% 98.0% 73.3% 92.8% 95.3% 93.3% 80.6% 88.8% 80.1% 60.8% 74.7% 80.6%

Claims O/S at the End of the Period G --- 97695 28993 50786 8 0 50283 97 52186 168029 91395 904 7750 6182 262507 29667 345 21497 218327 39047 9684 1135382 492990 284005 242235 1685180 2704410 3839792

Claims Closed during the Period F 1 80876 14103 11198 0 0 9787 12 54647 87098 41940 1609 5580 3963 44278 14819 0 25705 14994 66124 12192 488926 35854 0 164807 127157 327818 816744 Note: Claims O/s at the end of the year may not be consistent with the formula i.e G=B+C-D-E-F because of the Partial payments/ Multiple payments/Orphan claims etc.

Number of Claims Age-wise Claims Claims Paid Repudiated during during the Period the Period E D --- --- 36890 1083881 4035 209961 15706 172668 0 8 0 0 8651 196486 0 1241 11791 481978 98609 1376001 51417 831351 1273 12049 7173 90505 1097 21623 60269 1206718 7407 340896 0 95 5250 727370 8285 113853 12831 645272 4711 103682 335395 7615638 152166 2991735 230608 4893095 3521 1606897 397110 6879517 783

Claims Intimated/ Booked during the Period C 1 1205421 224266 199090 16 0 244343 1350 549640 1517312 769509 15406 104584 27073 1438060 357338 382 759377 297846 728160 120801 8559975 3254165 4872747 1484583 6656816 16268311 24828286

Claims O/S at Start of the Period B --- 93922 32825 51268 0 0 22384 0 50962 212425 147187 429 6424 5794 135712 33867 198 20445 57613 35114 9468 916037 418580 304361 272727 2432148 3427816 4343853

Insurer A Acko Bajaj Allianz Bharti Axa Cholamandalam MS DHFL Edelweiss Future Generali India Go Digit HDFC ERGO ICICI Lombard IFFCO Tokyo Kotak Mahindra Liberty Magma HDI Reliance Royal Sundaram Raheja QBE SBI General Shriram General Tata AIG Universal Sompo Private Sector Sub-Total National Insurance New India Oriental Ins. United India PSUs sub-total Grand Total

52 The Insurance Times, September 2019