Page 753 - Insurance Statistics 2021

Indian Non-life Insurance Industry
Yearbook 2018-19

Motor Third Party Chart 4.4.2 Gross & Net Incurred Claims Ratio - Motor Third Party

250.0%
The Motor TP rates are administered by the IRDAI. The same is reviewed on a periodical basis
230.0%
206.1%
210.0%
Table 4.4.1 Motor TP
190.0%
% 172.8%
Loss Ratio - 166.7%
2018-19 Value 170.0% 153.6%
No. Of TP Policies( Under Package) 8,28,79,322 150.0% 135.1%
No. Of Standalone TP Policies 2,80,19,435 130.0% 123.6%
114.6%
103.6% 104.2%
Premium (in Cr) 38,035 110.0% 120.2% 96.8% 93.0% 98.0%
110.4%
No. Of Claims Reported 4,46,173 90.0% 109.7%
98.9% 94.2% 96.5%
No. Of Paid Claims 4,06,863 70.0% 87.7% 87.2%

Amt of Paid Claims (in Cr) 16,730

Premium booked in India considered
Year
Chart 4.4.1 GDPI - Motor Third Party Gross Incurred Claims Ratio Net Incurred Claims Ratio

Source: Council Compilation as per source
42,000 data submitted by companies
38,046
36,000 32,935 Chart 4.4.3 Rural vs Urban Premium - Motor TP

30,000
Rural Premium
26,573 Rural Premium
10.3%
10.3%
₹ in Crores 18,000 17,615 21,036
24,000
12,460 15,237
12,000 9,679
5,573 6,355
6,000

-

Year

Source: Council Compilation as per source
data submitted by companies

Urban Premium
Urban Premium
89.7%
89.7% Source: Council Compilation as per source
data submitted by companies

94 95