Page 468 - 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 Grand Total

(I)= (G)+(H)
Net Claims Incurred
Earned Incurred Claims
Premium (Net) Ratio
Bajaj Allianz 12502 7264 58.1%
Bharti AXA 1351 920 68.1%
CHOLA MS 8757 4094 46.7%
Future Generali 4855 2982 61.4%
HDFC ERGO 30276 8189 27.0%
ICICI Lombard 18289 7666 41.9%
IFFCO Tokio 4571 3881 84.9%
Kotak General -14 13 -96.7%
Liberty Videocon 1331 545 41.0%
L&T General 236 95 40.5%
Magma HDI 163 295 181.2%
Raheja QBE 7 10 138.4%
Reliance 3337 5475 164.1%
Royal Sundaram 4085 1524 37.3%
SBI General 29154 18384 63.1%
Shriram General 223 86 38.3%
Tata AIG 8943 4356 48.7%
Universal Sompo 1306 1890 144.7%
Private Total 129371 67669 52.3%

National 26662 29295 109.9%
New India 29762 25017 84.0%
Oriental 28616 23993 83.8%
United India 21704 19398 89.4%
Public Total 106744 97703 91.5%

Aditya Birla 8 15 179.8%
Apollo Munich 7833 747 9.5%
Cigna TTK 1306 263 20.1%
Max Bupa 103 79 76.9%
Religare 3688 1104 29.9%
Star Health 5394 1924 35.7%
Standalone Health
Insurers Total 18332 4132 22.5%
Grand Total 254447 169504 66.6%

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.

466