Page 258 - 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
INCURRED CLAIMS RATIO (Percent)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - 65.02 23.69 21.08
Bajaj Alianz 86.6 73.59 74.94 78.50 77.61 85.29 81.96
Bharti AXA 86.32 97.48 85.42 76.88 98.50 88.55 77.50
Cholamandalam 61.71 52.43 44.56 40.07 39.96 35.30 40.67
Navi General*** - - - - 7.89 46.07 34.69
Edelweiss - - - - 70.01 115.35 113.05
Future Generali 84.85 79.94 81.54 78.93 87.42 73.31 62.52
GoDigit - - - - 59.65 10.76 51.83
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 90.64 51.93 52.31 41.47 52.58 62.29 69.01
HDFC ERGO* 92.91 56.48 51.00 50.76 NA -- --
ICICI Lombard 93.02 87.38 82.09 90.22 68.26 76.45 69.90
IFFCO Tokio 87.17 92.41 104.25 104.30 90.69 101.92 95.66
Kotak Mahindra NA NA NA 51.55 48.21 47.20 49.22
Liberty Videocon 88.29 102.56 106.02 74.37 74.58 81.64 87.78
Magma HDI - 92.67 193.60 181.20 34.93 90.46 72.87
Raheja QBE 96.45 116.54 94.74 126.70 18.19 32.87 85.07
Reliance 97.78 107.49 95.87 98.49 106.54 93.55 89.36
Royal Sundaram 57.09 52.89 58.57 62.09 61.41 60.52 63.55
SBI General 48.63 80.37 54.41 53.43 52.93 52.03 50.54
Shriram 90.00 70.91 64.38 38.57 50.83 52.51 96.64
TATA AIG 86.28 69.94 65.58 57.20 60.68 77.89 66.61
Universal Sompo 108.94 102.22 85.07 86.14 104.17 92.19 76.68
PRIVATE-TOTAL 87.62 79.17 74.69 74.70 71.32 75.85 72.55

National 104.29 110.02 110.40 126.98 115.55 107.64 103.30
New India 96.85 98.78 114.64 102.94 103.19 103.74 100.83
Oriental 115.23 117.02 114.48 118.23 113.86 108.80 104.97
United 114.26 118.98 122.25 138.51 110.95 110.51 104.24
PUBLIC - TOTAL 106.19 109.97 115.45 120.15 109.86 107.12 102.91

Aditya Birla NA NA NA 110.68 89.05 58.61 49.08
HDFC ERGO Health# 65.59 63.03 64.61 54.99 62.47 62.59 73.69
CignaTTK 59.68 64.33 78.65 48.14 46.29 61.94 61.64
Max Bupa 59.07 55.16 59.53 51.96 50.19 53.93 53.51
Reliance Health 13.57 62.17
Religare 79.92 61.13 57.25 50.52 51.97 55.23 59.13
Star Health and Allied 67.21 63.96 53.81 60.51 61.76 62.73 65.91
Standalone Health Insurers Total 66.06 62.18 58.20 56.47 59.58 60.68 64.13
GRAND TOTAL 97.05 96.93 98.45 101.05 92.21 89.34 85.7

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

256