Page 466 - 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 Individual Family Floater Individual Other than
Family Floater
(E) (F)
Net Claims Incurred Net Claims Incurred
Earned Incurred Claims Earned Incurred Claims
Premium (Net) Ratio Premium (Net) Ratio
Bajaj Allianz 4804 2370 49%
Bharti AXA 1 0.00 0.0% 166 118 71%
CHOLA MS 144 120 84%
Future Generali 69 61 88% 2226 963 43%
HDFC ERGO 1204 31 3% 22516 4579 20%
ICICI Lombard 7040 3277 47%
IFFCO Tokio 721 393 54%
Kotak General
Liberty Videocon 0.10 0.05 48% 135 49 36%
L&T General 26 -21 -82%
Magma HDI 10 -24 -249% 54 27 50%
Raheja QBE
Reliance 253 239 94%
Royal Sundaram 810 350 43%
SBI General 9 2 20% 68 69 101%
Shriram General 53 -1 -3%
Tata AIG 2807 18 1%
Universal Sompo 148 136 92%
Private Total 1441 206 14% 41824 12550 30%

National 3013 1288 43%
New India 5187 5993 116%
Oriental 1844 5076 275%
United India 5374 2375 44%
Public Total 5187 5993 116% 10231 8739 85%

Aditya Birla
Apollo Munich 2741 573 21%
Cigna TTK 23 1 6% 1264 252 20%
Max Bupa
Religare 2248 252 11%
Star Health 640 197 31% 3384 1044 31%
Standalone Health
Insurers Total 663 199 30% 9637 2121 22%
Grand Total 7291 6398 88% 61691 23409 38%

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.

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