Page 257 - 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 HEALTH INSURANCE
CLAIMS INCURRED (NET) (? Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - 0.05 7.00 15.91
Bajaj Alianz 567.33 511.52 594.5 796.76 1033.47 1591.48 1621.28
Bharti AXA 142.01 186.36 85.31 62.75 98.29 197.12 246.72
Cholamandalam 129.60 102.95 100.49 108.97 135.53 151.26 195.41
Navi General*** - - - - 1.33 21.63 15.27
Edelweiss - - - - 0.00 26.26 56.94
Future Generali 122.18 113.45 122.81 137.59 224.03 174.57 198.68
GoDigit - - - - 1.05 1.56 14.66
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 39.92 18.19 25.84 92.29 423.30 656.00 774.73
HDFC ERGO* 377.25 328.43 325.42 262.61 NA --
ICICI Lombard 1068.16 927.20 882.12 1204.70 921.00 1,396.80 1,581.18
IFFCO Tokio 172.09 277.14 432.96 535.34 452.62 854.71 1,028.17
Kotak Mahindra NA NA NA 1.81 7.28 17.80 35.91
Liberty Videocon 0.36 38.43 70.79 54.58 75.51 123.30 211.73
Magma HDI - 0.61 2.42 2.95 1.18 49.57 24.01
Raheja QBE 0.01 0.41 0.18 0.11 0.02 0.04 0.24
Reliance 368.27 482.91 526.79 328.29 715.08 836.10 1,115.58
Royal Sundaram 117.61 119.42 126.31 140.46 154.60 185.50 221.43
SBI General 4.43 194.92 211.61 293.00 426.76 509.21 652.32
Shriram 1.29 1.52 1.41 0.86 1.15 1.87 5.45
TATA AIG 154.49 248.92 245.30 196.74 253.82 518.53 539.44
Universal Sompo 70.60 101.76 116.81 84.47 138.60 122.99 156.17
PRIVATE-TOTAL 3335.61 3654.12 3871.07 4304.30 5064.67 7443.32 8711.24

National 2703.31 3663.44 4291.35 5105.82 4676.88 3898.62 3347.54
New India 2751.79 3643.02 5101.80 6309.68 6685.82 7726.84 8646.26
Oriental 1878.04 2345.17 2701.32 3676.40 4270.53 4555.79 4832.19
United 2370.98 3560.57 4585.96 6338.24 5146.18 5300.55 5557.84
PUBLIC - TOTAL 9704.12 13212.20 16680.42 21430.14 20779.41 21481.80 22383.83

Aditya Birla NA NA NA 14.92 135.35 204.11 287.33
HDFC ERGO Health# 356.44 413.43 500.65 605.59 789.88 1,047.09 1,406.23
CignaTTK 0.01 4.29 55.81 87.50 123.20 243.14 310.32
Max Bupa 140.40 173.88 234.02 282.81 289.02 355.64 450.07
Reliance Health 0.18 2.12
Religare 65.25 93.97 164.72 244.50 353.21 602.67 891.94
Star Health and Allied 453.95 651.06 814.55 1156.71 1692.02 2297.59 3087.43
Standalone Health Insurers Total 1016.03 1336.62 1769.75 2392.04 3382.67 4750.43 6435.43
GRAND TOTAL 14055.76 18202.94 22321.24 28126.48 29226.75 33675.55 37530.50

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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