Gross Incurred Claims

Gross Incurred Claims has risen from ₹54,201 Crores in 2011-12 to ₹148,032 Crores in 2020-21 at a CAGR of 11.81%

Chart 3.7.1Gross Incurred Claims

Source: Council Compilation as per source
data submitted by companies

As a percentage of Gross Direct Premium, the Industry Gross Incurred Claims ratio has been consistently between 70% and 90% since 2011-12.

Chart 3.7.2Gross Incurred Claims to GDPI Ratio - Overall

Source: Council Compilation as per source
data submitted by companies

Chart 3.7.3Gross Incurred Claims ratio - Overall (Split by Type of Insurers)

Source: Council Compilation as per source
data submitted by companies

Net Incurred Claims

Net Incurred claims has risen from ₹37,739 Crores in 2011-12 to ₹111,549 Crores in 2020-21, at a CAGR of 12.80%.

Chart 3.7.4Net Incurred Claims - Overall

Source: Council Compilation as per source
data submitted by companies

Chart 3.7.5Gross Incurred Claims & Net Incurred Claims Ratios

Source: Council Compilation as per source
data submitted by companies

Chart 3.7.6Net Incurred Claims ratio - Overall (Split by Type of Insurers)

Source: Council Compilation as per source
data submitted by companies

Chart 3.7.7Net Incurred Claims - Overall (Segment-wise)

Source: Council Compilation as per source
data submitted by companies