Page 254 - 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 MOTOR INSURANCE
CLAIMS INCURRED (NET) (? Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - 0.05 18.63 72.64
Bajaj Alianz 1781.5 1897.64 2079.64 2199.75 2278.06 2629.29 3218.18
Bharti AXA 685.70 810.00 921.62 894.39 825.60 766.14 1024.49
Cholamandalam 931.36 923.74 1056.28 1466.63 1805.23 2031.97 2294.99
Navi General*** - - - - - 2.59 67.89
Edelweiss - - - - - 7.26 46.96
Future Generali 483.46 602.76 586.82 573.93 626.50 702.82 672.11
GoDigit - - - - 5.70 267.99 860.12
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 95.15 106.13 170.31 487.07 1279.81 1653.04 1918.33
HDFC ERGO* 691.11 730.58 678.02 645.89 --
ICICI Lombard 1800.51 2000.60 2375.46 2793.43 3207.89 3715.48 4683.58
IFFCO Tokio 1127.13 1283.87 1644.15 1941.03 1843.92 2278.36 2498.88
Kotak Mahindra 0.00 0.00 0.21 22.22 74.68 113.18 156.82
Liberty Videocon 38.14 133.45 181.69 246.20 307.61 417.91 599.31
Magma HDI 190.92 316.69 292.70 243.40 261.86 207.55 563.44
Raheja QBE 1.43 (0.46) 1.23 15.77 37.94 60.47 77.67
Reliance 1148.29 1212.89 1131.56 1325.64 1413.87 1799.59 1830.67
Royal Sundaram 851.92 874.38 927.85 1179.81 1376.58 1540.25 1559.94
SBI General 305.67 498.67 648.13 689.43 677.21 809.12 778.24
Shriram 1277.11 1356.90 1484.82 1691.88 1716.56 1383.11 1455.87
TATA AIG 746.46 792.33 1065.74 1213.09 1585.43 1957.09 2569.13
Universal Sompo 188.21 186.69 183.16 282.34 366.81 513.86 655.72
PRIVATE-TOTAL 12344.06 13726.85 15429.39 17911.91 19691.31 22875.71 27604.97

National 2925.74 2620.74 4648.99 4264.01 6093.76 6316.30 5203.03
New India 3982.86 4961.70 5314.31 6425.64 7230.58 8609.21 8389.83
Oriental 1854.17 2038.50 2032.58 4370.33 2727.85 4891.64 4327.85
United 2389.18 2525.24 3013.72 4584.47 5272.11 7329.40 6077.65
PUBLIC-TOTAL 11151.96 12146.18 15009.60 19644.45 21324.30 27146.56 23998.36

TOTAL 23496.01 25873.03 30438.99 37556.36 41015.61 50022.27 51603.33

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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