Page 470 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 75: PERSONAL ACCIDENT INSURANCE : INCURRED CLAIMS RATIO
(2017-18) (Contd.. 75)
( Amount in r Lakh)

Insurers Government Sponsored Schemes Group Insurance Schemes
excluding PMSBY, PMJDY, IRCTC excluding (A), (B) & (C)
(C) (D)
Net Claims Incurred Net Claims Incurred
Earned Incurred Claims Earned Incurred Claims
Premium (Net) Ratio Premium (Net) Ratio
Acko
Bajaj Allianz 9081 4021 44%
Bharti AXA 1151 898 78%
CHOLA MS 12558 5040 40%
DHFL 277 2 1%
Edelweiss
Future Generali 5745 4725 82%
GoDigit
HDFC ERGO 14801 6598 45%
ICICI Lombard 29 308 1080% 13823 3649 26%
IFFCO Tokio 4262 4004 94%
Kotak General 214 48 22%
Liberty 117 1244 627 50%
Magma HDI 70 15 22%
Raheja QBE 9 3 37%
Reliance -357 2634 2393 91%
Royal Sundaram 3711 1740 47%
SBI General 40220 25769 64%
Shriram General 115 46 40%
Tata AIG 98 189 193% 6700 4972 74%
Universal Sompo 1530 1666 109%
Private Total 126 257 203% 118144 66216 56%

National 9867 15596 158% 14308 8339 58%
New India 12305 9560 78% 412 58 14%
Oriental 24971 47604 191% 18246 18898 104%
United India 14508 13029 90%
Public Total 47142 72760 154% 47474 40324 85%

Aditya Birla 721 77 11%
Apollo Munich 6849 246 4%
Cigna TTK 110 31 28%
Max Bupa 255 152 60%
Religare 4103 734 18%
Star Health 1735 1216 70%
SAHI Total 0 0 0% 13772 2455 18%
Grand Total 47268 73017 154% 179390 108994 61%

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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