Page 433 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 73: HEALTH INSURANCE (EXCLUDING TRAVEL - DOMESTIC/OVERSEAS AND
PERSONAL ACCIDENT INSURANCE): INCURRED CLAIMS RATIO (2019-20) (Contd... 73)
(Amount in r Lakh)

Insurers Individual Family Floater Individual Other than Family Floater

Net Claims Incurred Net Claims Incurred
Earned Incurred Claims Earned Incurred Claims
Premium (Net) Ratio (Net) Premium (Net) Ratio (Net)
Acko 0 0 0 0
Bajaj Allianz 51589 38020 74% 8906 3202 36%
Bharti AXA 1269 847 67% 0 0
CHOLA MS 1749 1715 98% 1317 906 69%
Navi General* 0.6 0.2 30% 2 3 142%
Edelweiss 105 74 70% 85 60 70%
Future Generali 4498 3464 77% 1948 1702 87%
GoDigit 30 19 65% 23 15 65%
HDFC ERGO 28741 24106 84% 12490 7601 61%
ICICI Lombard 27481 17312 63% 23900 14756 62%
IFFCO Tokio 10772 8645 80% 3244 2617 81%
Kotak General 1807 754 42% 1308 545 42%
Liberty 1461 878 60% 717 251 35%
L&T General
Magma HDI 295 72 24% 270 51 19%
Raheja QBE 12 0 0% 10 16 159%
Reliance 6468 6121 95% 2384 1990 83%
Royal Sundaram 4898 4251 87% 5273 4163 79%
SBI General 6095 2156 35% 15514 3528 23%
Shriram General 0 0 13 0 0%
Tata AIG 7951 5354 67% 7504 3444 46%
Universal Sompo 8740 6943 79% 0 0
Private Total 163962 120731 74% 84908 44850 53%

National 39251 45709 116% 93389 92127 99%
New India 100265 75888 76% 116820 84773 73%
Oriental 96167 91442 95% 32726 38893 119%
United India 39779 37478 94% 68268 71845 105%
Public Total 275463 250517 91% 311202 287638 92%

Aditya Birla 14277 6798 48% 8224 2489 30%
HDFC ERGO Health** 84646 58188 69% 31378 19935 64%
Cigna TTK 15638 9830 63% 11870 6440 54%
Max Bupa 48983 31689 65% 12048 6331 53%
Reliance Health# 251 136 54% 128 74 58%
Religare 40049 15890 40% 24605 13080 53%
Star Health 365653 218193 60% 36013 21490 60%
SAHI Total 569497 340724 60% 124265 69838 56%
Grand Total 1008921 711973 71% 520375 402326 77%

#The Authority vide order ref. No. IRDA/F&A/ORD/SOLP/200/11/2019 dated 6th November 2019 issued directions to
the Reliance Health to stop selling new policies
* Erstwhile DHFL General Insurance Co. Ltd.
** Erstwhile Apollo Munich Health Insurance Ltd.

431