Page 465 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 75: PERSONAL ACCIDENT INSURANCE : INCURRED CLAIMS RATIO
(2016-17) (Contd.. 75)
( Amount in r Lakh)

Insurers Government Sponsored Schemes Group Insurance Schemes
excl PMSBY, PMJDY, IRCTC excl. Govt. Sponsored Schemes
(C) (D)
Net Claims Incurred Net Claims Incurred
Earned Incurred Claims Earned Incurred Claims
Premium (Net) Ratio Premium (Net) Ratio
Bajaj Allianz 7609 4559 60%
Bharti AXA 1184 802 68%
CHOLA MS 8609 3967 46%
Future Generali 2559 1959 77%
HDFC ERGO 6557 3579 55%
ICICI Lombard 1 20 2080% 10840 4130 38%
IFFCO Tokio 3850 3488 91%
Kotak General -14 13 -97%
Liberty Videocon 1195 496 41%
L&T General 210 117 56%
Magma HDI 99 292 295%
Raheja QBE 7 10 141%
Reliance 503 2092 416% 2525 2982 118%
Royal Sundaram 2993 1109 37%
SBI General 29077 18313 63%
Shriram General 167 84 51%
Tata AIG 199 385 193% 5893 3901 66%
Universal Sompo 695 920 132%
Private Total 703 2497 355% 84056 50720 60%

National 5455 2850 52% 15363 18107 118%
New India 21238 13497 64%
Oriental 20163 12713 63% 5904 5392 91%
United India 14101 12361 88%
Public Total 25618 15563 61% 56606 49357 87%

Aditya Birla 8 15 180%
Apollo Munich 5092 175 3%
Cigna TTK 19 9 48%
Max Bupa 103 79 77%
Religare 1440 852 59%
Star Health 1371 683 50%
StandaloneHealth
Insurers Total 0 0 0% 8033 1813 23%
Grand Total 26321 18060 69% 148695 101889 69%

Note: It is to be noted that under IRCTC Scheme, PA cover is offered to railway passengers only for a specified journey under-
taken by the passenger and one person may undertake multiple journeys during the reported period. In respect of lives covered
in any of PA policy/scheme, one person may have been covered multiple times.

463