Page 248 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 54: NET PREMIUM EARNED, INCURRED CLAIMS &
INCURRED CLAIMS RATIO OF GENERAL AND HEALTH INSURERS (Contd... 54)

INSURER FIRE INSURANCE
CLAIMS INCURRED (NET) (? Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - - - -
Bajaj Allianz 45.06 93.66 111.25 55.03 88.64 139.69 182.23
Bharti AXA 16.58 9.16 22.21 8.29 6.06 12.16 21.54
Cholamandalam 27.94 27.69 17.02 15.32 12.59 36.95 40.55
Navi General*** - - - - 0.49 6.47 (4.08)
Edelweiss - - - - - 1.46 1.83
Future Generali 20.20 16.49 34.66 32.94 30.61 44.71 48.86
GoDigit - - - - 0.19 7.85 11.77
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 6.89 6.92 14.13 11.98 64.15 52.87 102.14
HDFC ERGO* 15.21 60.15 37.18 34.47 NA --
ICICI Lombard 102.73 102.35 63.30 84.65 62.08 131.36 175.16
IFFCO Tokio 27.80 21.55 25.08 21.15 47.91 30.58 27.05
Kotak Mahindra NA NA NA -0.04 0.92 2.92 5.95
Liberty Videocon 0.79 3.71 8.06 11.55 1.85 7.95 0.18
Magma HDI 0.22 5.84 4.41 2.34 6.84 5.75 5.75
Raheja QBE 0.25 0.73 0.22 1.04 (0.42) 0.02 0.32
Reliance 36.55 36.50 36.27 67.70 47.15 56.42 62.58
Royal Sundaram 7.77 9.33 10.96 11.68 13.39 24.04 19.97
SBI General 55.82 57.03 99.00 69.27 58.37 113.69 110.19
Shriram 3.67 4.28 4.00 5.72 8.68 9.87 0.73
Tata AIG 16.73 20.32 25.55 27.16 24.18 79.76 97.21
Universal Sompo 18.64 27.79 28.50 15.23 17.10 20.74 24.90
PRIVATE-TOTAL 402.84 503.49 541.80 475.48 490.77 785.26 934.83

National 527.86 563.33 687.87 396.55 864.01 389.86 503.01
New India 1530.06 1441.52 1471.97 1959.37 1510.40 2138.08 1860.13
Oriental 555.25 425.06 435.33 555.43 509.57 677.16 533.68
United 582.43 606.51 587.54 874.75 845.48 687.41 1037.75
PUBLIC-TOTAL 3195.60 3036.42 3182.70 3786.10 3729.46 3892.52 3934.57

GRAND TOTAL 3598.44 3539.91 3724.50 4261.58 4220.22 4677.79 5612.62

Note: * HDFC Ergo General Insurance Co. Ltd. merged with L&T General Insurance Co. Ltd. w.e.f. 01.01.2017, therefore
premiums and claims have been taken upto 31.12.2016
** L&T General Insurance co. Ltd. is renamed as HDFC Ergo General Insurance Co. Ltd.
*** Erstwhile DHFL General Insurance Co. Ltd.
Figures in brackets indicate negative values; '-' Not yet started business; NA- Not applicable

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