Page 746 - Insurance Statistics 2021
P. 746
Indian Non-life Insurance Industry
Yearbook 2018-19
Gross Direct Premium income (in and outside India) written by non-life Insurance Industry increased from 1,53,438 crores Chart 4.1.3 Segment-wise share of GDPI 2018-19
in 2017-18 to 172,483 crores in 2018-19. Personal lines of business namely Motor and Health & Personal Accident
insurance constituted close to two-thirds of the Non-Life Insurance premium. Crop insurance as an emerging segment
Property
comprises majority premium in Other Misc. Property
8.7%
8.7%
Other Miscellaneous
Other Miscellaneous
Liability
Liability
19.6%
Chart 4.1.1 19.6% 1.3%
1.3%
Marine & A viation
Marine & Aviation
35% 29.7% 2.2%
2.2%
26.6%
30% 27.6%
25% 21.5% 22.1%
19.2% 18.1% 16.3% 20.3% 20.0% 20.4% 19.6%
Share of GDPI (in %) 15% 9.7% 9.0% 8.7% Health & Person…
20%
Health & Person…
29.8%
29.8%
10%
5% 1.6% 1.2% 1.3% 2.6% 2.2% 2.2%
Motor Overall
Motor Overall
0% 38.4%
38.4%
Property Liability Marine & Health & Motor OD Motor TP Other
Personal
Aviation Miscellaneous
Accident
Line of Business Source: Form I of I to X and Council Compilation
2016-17 2017-18 2018-19
Source: Form I of I to X and Council Compilation
Chart 4.1.4 Segment-wise share of Policies Issued 2018-19
The number of policies issued increased from 17.62 Crores in 2017-18 to 19.05 Crores in 2018-19. Proportion of number
of policies issued in Overall Motor has decreased from 68.9% in 2017-18 to 58.2% in 2018-19 and Other Miscellaneous Property
Property
Other Miscellaneous
classes has increased from 9% in 2017-18 to 11.3% in 2018-19. Other Miscellaneous 3.9%
3.9%
11.3%
1 1.3%
Liability
Chart 4.1.2 Liability
0.4%
0.4%
68.1% 68.9%
80%
Marine & Aviation
70% 58.2% Marine & A viation
0.9%
0.9%
Share of GDPI (in %) 50% 19.3% 17.6% 25.3% Health & Personal …
60%
Health & Personal …
25.3%
25.3%
40%
30%
20%
10% 3.3% 3.5% 3.9% 0.4% 0.3% 0.4% 1.1% 0.7% 0.9% 7.1% 9.0% 11.3%
0%
Property Liability Marine & Health & Motor Overall Other
Aviation Personal Miscellaneous
Accident
Line of Business
2016-17 2017-18 2018-19
Motor Overall Source: Form I of I to X and Council Compilation
Motor Overall
Source: Form I of I to X and Council Compilation
58.2%
58.2%
86 87