Page 731 - Insurance Statistics 2021

Indian Non-life Insurance Industry
Yearbook 2018-19

Net Incurred claims has risen from 24,686 Crores in 2009-10 to 1,01,051 Crores in 2018-19, at a CAGR of 16.95%.

Chart 3.7.4 Chart 3.7.6

1,20,000
120% 112.9%
1,01,051 106.3%
1,00,000
100%
85,650 90.9% 89.2%
80,662 86.1% 85.3%
80,000
80%
₹ in Crores 60,000 49,164 55,232 GIC Ratio (%) 60% 59.6% 60.7%
64,495

37,739 42,550
40,000 32,100 40%
24,686
20,000
20%

-
0%
General Insurers Standalone Health Specialised Insurers Total
Insurers
Year
Type of Insurer
2017-18 2018-19
Source: Council Compilation as per source
Source: Council Compilation as per source
data submitted by companies
data submitted by companies
Chart 3.7.5 Chart 3.7.7

92.8% 120%

95% 90.6% 90.9%

89.2%
90% 87.3% 100%

85% 83.5% 88.5% 81.9% 82.7% 85.0% 85.3% 80%

Claims Ratio (%) 80% 81.4% 83.1% 80.2% 81.9% 79.8% 86.3% 81.3% 80.5% NIC Ratio (%) 60%

75%

40%
70%
65% 71.8% 20% 74.4% 83.4% 75.6% 93.7% 67.0% 72.9% 98.0% 104.2% 93.6% 89.1% 35.9% 38.7% 87.4% 91.2%
60% 0%
Property Marine Motor OD Motor TP Health Liability Others

Line of Business
2017-18 2018-19

Year
GIC Ratio NIC Ratio
Source: Council Compilation as per source
Source: Council Compilation as per source data submitted by companies
data submitted by companies

72 73