Page 471 - 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 Individual Business (Both Family Floater Total Excluding
and Other than Family Floater) IRCTC Scheme
(E) (F)= (A)+(B)+(C)+(D)+(E )
Net Claims Incurred Net Claims Incurred
Earned Incurred Claims Earned Incurred Claims
Premium (Net) Ratio Premium (Net) Ratio
Acko
Bajaj Allianz 6291 1824 29% 15643 6575 42%
Bharti AXA 152 415 273% 1303 1314 101%
CHOLA MS 112 261 234% 12674 5309 42%
DHFL 277 2 1%
Edelweiss
Future Generali 2592 1162 45% 8337 5887 71%
GoDigit
HDFC ERGO 18865 5637 30% 33665 12235 36%
ICICI Lombard 9449 1544 16% 23475 5589 24%
IFFCO Tokio 882 543 62% 5144 4547 88%
Kotak General 0.07 0% 214 48 22%
Liberty 228 139 61% 1472 882 60%
Magma HDI 93 57 62% 163 72 44%
Raheja QBE 0.09 0% 9 3 36%
Reliance 299 464 155% 3009 2721 90%
Royal Sundaram 705 115 16% 4416 1855 42%
SBI General 531 233 44% 40750 26002 64%
Shriram General 86 16 19% 201 62 31%
Tata AIG 2916 808 28% 9768 6055 62%
Universal Sompo 2597 1321 51% 4698 3999 85%
Private Total 45797 14539 32% 165218 83158 50%

National 2123 803 38% 29788 30923 104%
New India 40528 31463 78% 55680 45011 81%
Oriental 3171 1946 61% 47808 70553 148%
United India 6730 8864 132% 23274 28190 121%
Public Total 52553 43075 82% 156550 174677 112%

Aditya Birla 230 2 1% 951 78 8%
Apollo Munich 3438 829 24% 10287 1075 10%
Cigna TTK 1465 170 12% 1575 201 13%
Max Bupa 296 137 46% 551 289 53%
Religare 1690 262 15% 5794 995 17%
Star Health 6120 2628 43% 7855 3844 49%
SAHI Total 13240 4028 30% 27012 6483 24%
Grand Total 111591 61642 55% 348781 264318 76%

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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