Liability Insurance comprises of Workmen’s compensation and Employers’ Liability, Public Liability, Products Liability and other Liability segments (excluding Motor Third Party Liability), Liability Insurance Premium has grown by 12.25% over the period 2011-12 to 2020-21.

Chart 4.8.1GDPI - Liability

Table 4.8.1Liability

2020-21 Value
No. Of Policies 761,893
Premium (in Cr) 3,017
No. Of Claims Reported 92,263
No. Of Paid Claims 63,591
Amt of Paid Claims (in Cr) 760
Premium booked in India considered

Source: Council Compilation as per source
data submitted by companies

Note: Detailed breakup of Liability Covers is not available.



The Net Incurred Claims Ratio has been in the ratio of almost 20-50% for most of the years in the observed period. Compared to the Gross Incurred Claims Ratio, the Net Incurred Claims Ratio graph has smoothened, thereby reflecting the effect of reinsurance, particularly in this line of business.

Chart 4.8.2Gross & Net Incurred Claims Ratio - Liability

Source: Council Compilation as per source
data submitted by companies

Chart 4.8.3Rural vs Urban Premium - Liability

Chart 4.8.4Channelwise GDPI - Liability

Source: Council Compilation as per source
data submitted by companies