Page 488 - Insurance Statistics 2021

HANDBOOK ON INDIAN INSURANCE STATISTICS 2019-20

(Net Earned Premium and Net Incurred Claims in ? Lakh) (Net Incurred Claims Ratio in Percentage)
Incurred Claims Ratio 50.6% 86.4% 44.4% 134.2% 67.2% 28.8% 58.7% 30.9% 67.9% 14.8% 67.0% 114.3% 33.7% 65.2% 12.8% 73.6% 40.8% 4.8% 27.4% 66.8%

TOTAL Claims Incurred (Net) 4166 49 443 3742 4975 80 1812 55 8942 3 24267 2118 348 377 61 2904 238 16 254 27425

Net Earned Premium Ratio 8230 56 998 2788 7404 278 3085 178 13166 20 36203 1853 1034 579 478 3944 582 344 4.8% 926 41072

Individual Insurance excluding Family /Floater Policies Incurred Claims Net Claims Incurred Earned (Net) Premium 36.4% 2407 6615 86.4% 45 52 45.7% 439 961 89.6% 278 311 72.7% 4227 5814 28.8% 80 278 61.3% 1765 2879 30.9% 55 178 49.4% 4020 8141 16.2% 0 1 52.8% 13316 25230 114.3% 2118 1853 33.7% 348 1034 65.2% 377 579 12.8% 61 475 73.7% 2904 3941 39.2% 168 428 16 341 23.9% 184 769 54.8% 164

TABLE 77: OVERSEAS TRAVEL INSURANCE : INCURRED CLAIMS RATIO (2013-14) Incurred Claims Ratio 128.9% 2 21.3% 8 47.3% 24 72.4% 62 70.8% 14.7% 3 65.1% 4.4% 0 0.0% 0 4.5% 1 63.9%
Family/Floater Insurance excluding Individual Policies Claims Net Incurred Earned (Net) Premium 1 40 50 85 349 493 18 447 687 11 3 14 448 701

Group Insurance Business Incurred Claims Net Claims Incurred Earned Ratio (Net) Premium 109.0% 1759 1614 86.4% 4 5 6.7% 2 36 141.7% 3455 2438 47.0% 725 1540 -12.2% -15 120 100.9% 4573 4532 102.1% 10504 10285 0.0% 0 3 0.0% 0 3 48.7% 69 142 0.0% 0 0 48.5% 69 143 101.4% 10573 10431

INSURER Bajaj Allianz Bharti AXA CHOLA MS Future Generali HDFC ERGO ICICI Lombard IFFCO Tokio Liberty Videocon L&T General Magma HDI Raheja QBE Reliance Royal Sundaram SBI General Shriram General Tata AIG Universal Sompo Private Total National New India Oriental United India Public Total Apollo Munich Cigna TTK Max Bupa Religare Star Health Standalone Health Insurers Total Grand Total

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