Page 479 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

TABLE 75: PERSONAL ACCIDENT INSURANCE : INCURRED CLAIMS RATIO
(2019-20) (Contd.. 75)
( Amount in r Lakh)

Insurers Individual Business TOTAL

(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 0 932 755 81%
Bajaj Allianz 10439 2589 25% 24418 10214 42%
Bharti AXA 39 -111 -286% 2552 1536 60%
CHOLA MS 96 -87 -90% 20884 5596 27%
Navi General* 0 0 582 184 32%
Edelweiss 0 0 2 2 100%
Future Generali 3729 1009 27% 5982 1461 24%
GoDigit 0 0 543 333 61%
HDFC ERGO 13143 3512 27% 41438 18208 44%
ICICI Lombard 12376 932 8% 43213 10759 25%
IFFCO Tokio 979 632 65% 7072 5227 74%
Kotak General 1 0 0% 823 208 25%
Liberty 405 125 31% 1968 897 46%
Magma HDI 132 -5 -4% 340 129 38%
Raheja QBE 0 0 0% 6 8 133%
Reliance 189 129 68% 3707 2280 61%
Royal Sundaram 532 151 28% 4904 1942 40%
SBI General 14559 3542 24% 67226 27303 41%
Shriram General 129 26 20% 349 334 96%
Tata AIG 2720 1173 43% 13310 7947 60%
Universal Sompo 16 65 401% 5913 4876 82%
Private Total 59485 13683 23% 246164 100262 41%

National 2166 3290 152% 16980 17213 101%
New India 4204 1743 41% 35352 73288 207%
Oriental 4524 2233 49% 36949 52289 142%
United India 3405 2484 73% 31193 41996 135%
Public Total 14298 9750 68% 120475 184786 153%
Aditya Birla 6289 1118 18% 8855 1989 22%
HDFC ERGO Health** 4692 1153 25% 11746 1535 13%
Cigna TTK 450 27 6% 1071 147 14%
Max Bupa 1103 -36 -3% 3864 366 9%
Reliance Health # 0 0 0 0
Religare 2663 784 29% 13216 3497 26%
Star Health 7219 4137 57% 8927 5043 56%
SAHI Total 22418 7183 32% 47680 12577 26%
Grand Total 96201 30616 32% 414318 297625 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.

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