Page 489 - 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 35.3% 91.5% 75.9% 29.9% 32.8% 41.9% 41.5% 5.0% 75.0% 61.9% 4.9% 46.2% 157.5% 62.5% 17.7% 80.7% 95.3% 33.2% 689.3% 49.0% 45.8% 50.7%

TOTAL Claims Incurred (Net) 3509 0 386 331 2429 163 1516 9 18 9472 2 17836 2449 678 117 539 3783 243 89 140 472 22091

Net Earned Premium Ratio 9940 1 508 5.6% 1108 7412 390 3653 174 5.0% 24 15325 45 -0.4% 38580 1555 1084 662 668 3968 732 13 286 1030 43578

Individual Insurance excluding Family /Floater Policies Incurred Claims Net Claims Incurred Earned (Net) Premium 25 453 29.6% 314 1064 32.6% 1685 5175 41.9% 163 390 42.1% 1400 3327 9 174 84.1% 16 19 38.4% 3684 9583 0 2 36.1% 7297 20187 155.2% 2388 1539 62.5% 678 1084 17.7% 117 662 80.7% 539 668 94.2% 3722 3952 35.3% 219 622 689.3% 89 13 49.4% 140 283 48.8% 448 918 45.8% 11467 25057

TABLE 77: OVERSEAS TRAVEL INSURANCE : INCURRED CLAIMS RATIO (2014-15) Incurred Claims Ratio 30.7% 91.5% 0 27.4% 0 48.5% 17.4% 23 57.6% 2 51.3% 5.1% 2 32.6% 0.0% 0 10.9% 1 13.6% 0 11.4% 1 32.5%
Family/Floater Insurance excluding Individual Policies Claims Net Incurred Earned (Net) Premium 2332 7589 1 1 188 388 129 3 293 570 43 2840 8725 0 9 3 11 2842 8736

Group Insurance Business Incurred Claims Net Claims Incurred Earned Ratio (Net) Premium 50.1% 1177 2351 657.6% 360 55 37.8% 16 43 3.6% 556 1849 47.5% 94 197 50.8% 1 1 16.3% 5496 5172 79.6% 7699 9668 375.9% 61 16 375.9% 61 16 22.3% 23 101 0.0% 0 0 22.3% 23 101 79.5% 7783 9785

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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