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
| 2020-21 | Value |
| No. Of Policies | 11,888,745 |
| Premium (in Cr) | 4,318 |
| No. Of Claims Reported | 520,804 |
| No. Of Paid Claims | 416,246 |
| Amt of Paid Claims (in Cr) | 1,993 |
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 but seen a slight decline in 2020-21.
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 Motor Own Damage, 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 Third Party, Property (Fire and Engineering), Crop 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.