Page 260 - 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 OTHER SEGMENTS
CLAIMS INCURRED (NET) (? Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko - - - - - 2.98 10.81
Bajaj Alianz 101.48 188.5 227.12 368.08 587.18 352.45 704.26
Bharti AXA 23.68 17.57 30.09 10.51 63.33 80.45 78.58
Cholamandalam 36.98 37.20 41.35 42.12 86.06 104.45 34.80
Navi General*** - - - - - 0.08 2.35
Edelweiss - - - - 0.00 0.34 0.37
Future Generali 39.54 75.19 97.88 66.02 63.74 125.65 231.79
GoDigit - - - - 0.06 116.71 44.41
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 8.21 11.03 7.30 163.99 419.58 491.04 529.99
HDFC ERGO* 131.88 117.20 127.38 275.64 NA --
ICICI Lombard 494.87 255.29 427.01 710.31 1,017.68 865.62 244.39
IFFCO Tokio 114.58 61.20 77.44 341.79 306.79 353.26 497.17
Kotak Mahindra NA NA NA 0.02 0.15 0.43 1.46
Liberty Videocon 3.93 3.80 8.38 11.74 9.22 22.47 15.49
Magma HDI 2.46 16.39 15.99 7.95 6.98 6.61 2.59
Raheja QBE 9.78 4.74 3.73 8.92 8.48 14.24 7.71
Reliance 32.54 53.40 61.47 186.68 236.75 326.16 396.09
Royal Sundaram 19.57 3.66 4.20 5.27 8.35 89.22 125.76
SBI General 166.19 20.36 26.98 42.04 145.24 274.78 601.74
Shriram 7.79 3.35 3.41 25.82 11.53 10.78 14.54
TATA AIG 118.49 60.01 74.86 154.77 310.85 790.81 331.60
Universal Sompo 23.67 18.63 41.11 84.80 145.64 217.10 123.24
PRIVATE-TOTAL 1335.62 947.52 1275.70 2506.46 3,427.63 4,245.61 3,999.13

National 753.65 710.19 549.39 623.21 1158.89 699.83 1119.08
New India 901.92 820.12 980.67 1212.89 1243.50 1677.13 2324.29
Oriental 656.96 331.49 493.51 585.97 552.37 984.59 1294.49
United 719.78 492.05 407.32 898.04 697.55 800.34 1137.79
PUBLIC-TOTAL 3032.30 2353.86 2430.90 3320.11 3652.30 4161.88 5875.65

AIC 1724.45 1733.71 1855.94 2399.22 1819.23 1523.64 2131.09
ECGC 746.07 1163.50 1000.63 1056.65 1138.59 1141.16 958.62
SPECIALIZED INSURERS - TOTAL 2470.52 2897.21 2856.57 3455.87 2957.82 2664.80 3089.71

GRAND TOTAL 6838.44 6198.58 6563.17 9282.44 10037.75 11072.29 12964.49

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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