Page 263 - 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 ALL SEGMENTS
CLAIMS INCURRED (NET) (? Crore)
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20
Acko 0.10 28.61 99.36
Bajaj Alianz 2525.28 2755.99 3053.86 3476.29 4042.57 4810.41 5804.79
Bharti AXA 872.33 1030.91 1071.60 988.92 1006.73 1076.68 1433.10
Cholamandalam 1137.40 1106.12 1223.78 1638.96 2048.36 2335.50 2577.28
Navi General*** 1.82 30.77 81.43
Edelweiss 0.00 35.31 106.15
Future Generali 683.85 834.28 878.90 841.09 969.35 1083.05 1182.12
GoDigit 7.01 394.11 930.97
HDFC ERGO (Earlier known as
L&T General Ins. Co. Ltd.)** 152.50 147.65 222.67 769.80 2226.68 2909.18 3384.15
HDFC ERGO* 1275.02 1317.88 1244.15 1270.07 - --
ICICI Lombard 3618.91 3443.44 3928.22 4954.33 5314.72 6308.11 6851.58
IFFCO Tokio 1481.73 1681.53 2219.66 2877.72 2682.71 3558.22 4098.37
Kotak Mahindra NA NA 0.21 24.01 83.03 134.32 200.13
Liberty Videocon 43.37 181.48 271.93 329.99 403.09 591.05 840.59
Magma HDI 193.64 340.53 318.82 258.74 277.42 271.69 597.42
Raheja QBE 11.46 5.42 5.36 25.84 46.02 74.78 85.94
Reliance 1603.62 1804.30 1787.51 1926.72 2419.14 3031.30 3411.92
Royal Sundaram 1004.19 1016.65 1080.18 1344.67 1560.37 1854.85 1938.87
SBI General 534.88 781.73 1001.27 1107.52 1316.45 1720.57 2155.29
Shriram 1290.00 1365.80 1494.15 1725.49 1739.00 1406.32 1476.39
TATA AIG 1140.49 1276.16 1593.93 1741.12 2366.07 3586.37 3758.21
Universal Sompo 305.43 340.60 375.61 469.75 674.03 879.67 963.54
PRIVATE-TOTAL 17874.11 19430.46 21771.81 25771.04 29184.70 36120.88 41977.62

National 7048.61 7675.18 10282.40 10506.68 12870.68 11434.03 10249.95
New India 9380.95 11188.04 13141.19 16256.92 16896.47 20496.70 21512.62
Oriental 5111.02 5261.50 5879.59 9398.09 8221.21 11248.08 11179.62
United 6277.38 7443.03 8801.09 12881.50 12137.81 14336.09 13945.31
PUBLIC-TOTAL 27817.96 31567.75 38104.27 49043.19 50126.17 57514.91 56887.50
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
Aditya Birla - - - 14.92 135.35 204.11 287.33
HDFC ERGO Health# 356.44 413.43 500.65 605.59 789.88 1047.09 1406.23
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 49178.62 55232.03 64502.40 80662.14 85651.36 101051.02 108390.26

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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