Page 467 - 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 Total excluding IRCTC IRCTC Scheme

(G)= (A)+(B)+(C)+(D)+(E)+(F) (H)
Net Claims Incurred Net Claims Incurred
Earned Incurred Claims Earned Incurred Claims
Premium (Net) Ratio Premium (Net) Ratio
Bajaj Allianz 12502 7264 58%
Bharti AXA 1351 920 68%
CHOLA MS 8757 4094 47%
Future Generali 4855 2982 61%
HDFC ERGO 30276 8189 27%
ICICI Lombard 18042 7460 41% 246 207 84%
IFFCO Tokio 4571 3881 85%
Kotak General -14 13 -97%
Liberty Videocon 1331 545 41%
L&T General 236 95 41%
Magma HDI 163 295 181%
Raheja QBE 7 10 138%
Reliance 3337 5475 164%
Royal Sundaram 3803 1460 38% 282 64 23%
SBI General 29154 18384 63%
Shriram General 220 83 38% 3 3 80%
Tata AIG 8943 4356 49%
Universal Sompo 1306 1890 145%
Private Total 128839 67396 52% 532 273 51%

National 26662 29295 110%
New India 29762 25017 84%
Oriental 28616 23993 84%
United India 21704 19398 89%
Public Total 106744 97703 92% 0 0 0%

Aditya Birla 8 15 180%
Apollo Munich 7833 747 10%
Cigna TTK 1306 263 20%
Max Bupa 103 79 77%
Religare 3688 1104 30%
Star Health 5394 1924 36%
Standalone Health
Insurers Total 18332 4132 23% 0 0 0%
Grand Total 253915 169231 66% 532 273 51%

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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