All segments of business other than those dealt with separately earlier have been classified as Other Miscellaneous Insurance business.

Chart 4.11.1GDPI - Other Miscellaneous

Table 4.11.1Other Miscelleanous

2018-19 Value
No. Of Policies 1,02,14,050
Premium (in Cr) 4,826
No. Of Claims Reported 23,90,016
No. Of Paid Claims 22,15,368
Amt of Paid Claims (in Cr) 4,084
Premium booked in India considered

Source: Council Compilation as per source
data submitted by companies



The Gross Incurred Claims Ratio & Net Incurred Claims Ratio have varied significantly over the observed period with a generally increasing trend.

Chart 4.11.2Gross & Net Incurred Claims Ratio - Miscellaneous

Source: Council Compilation as per source
data submitted by companies

Chart 4.11.3Rural vs Urban Premium - Other Miscelleanous

Chart 4.11.4Channelwise GDPI - Other Miscelleanous

Source: Council Compilation as per source
data submitted by companies

A perceptible pattern has been observed between Gross Incurred Claims Ratio and Net Incurred Claims Ratio in respect of Property (Fire and Engineering), Marine and Aviation and Other Miscellaneous classes of business. The Net Incurred Claims in these classes are lower than the Gross Incurred Claims showing the efficacy of the Reinsurance Programme of the insurers for these segments. In respect of Motor and Health segments, the Net Incurred Claims have been higher than the Gross Incurred Claims reflecting the maximum domestic and net retentions in these segments.