Page 475 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 75: PERSONAL ACCIDENT INSURANCE : INCURRED CLAIMS RATIO
(2018-19) (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 0 0 115 108 95%
Bajaj Allianz 8938 2842 32% 20166 8581 43%
Bharti AXA 135 168 125% 1703 1451 85%
CHOLA MS 91 122 133% 19677 4993 25%
DHFL 0 0 735 144 20%
Edelweiss 0 0 0 0
Future Generali 3011 829 28% 4825 1762 37%
GoDigit 0 0 10 0 3%
HDFC ERGO 14960 2747 18% 38213 11919 31%
ICICI Lombard 11409 2757 24% 31307 11049 35%
IFFCO Tokio 952 691 73% 11004 11303 103%
Kotak General 1 0 22% 539 52 10%
Liberty 393 121 31% 1526 781 51%
Magma HDI 74 16 22% 177 78 44%
Raheja QBE 0 0 0% 4 0 0%
Reliance 302 -128 -42% 3272 1693 52%
Royal Sundaram 581 171 29% 4709 2021 43%
SBI General 3489 908 26% 48534 24207 50%
Shriram General 98 30 30% 236 171 73%
Tata AIG 2982 1435 48% 11226 9955 89%
Universal Sompo 50 208 417% 2693 3072 114%
Private Total 47466 12917 27% 200670 93342 47%

National 1605 590 37% 22729 36532 161%
New India 25511 32583 128% 51406 67600 132%
Oriental 3187 2472 78% 46036 49992 109%
United India 3600 2465 68% 25941 20923 81%
Public Total 33904 38109 112% 146112 175048 120%
Aditya Birla 877 937 107% 3964 1246 31%
Apollo Munich 4074 1588 39% 14916 2003 13%
Cigna TTK 1079 192 18% 1580 296 19%
Max Bupa 471 101 21% 1719 697 41%
Reliance Health 0 0 0 0
Religare 1781 308 17% 10155 2056 20%
Star Health 6869 2959 43% 8503 4497 53%
SAHI Total 15150 6084 40% 40836 10795 26%
Grand Total 96520 57111 59% 387619 279185 72%

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.

473