The composition of Marine and Aviation Insurance business is as mentioned below.
Chart 4.7.1Marine & Aviation Insurance
Table 4.7.1Marine & Aviation
| 2020-21 | Value |
| No. Of Policies | 1,409,604 |
| Premium (in Cr) | 4,239 |
| No. Of Claims Reported | 286,402 |
| No. Of Paid Claims | 241,721 |
| Amt of Paid Claims (in Cr) | 2,881 |
Source: Council Compilation as per source
data submitted by companies
Aviation Premium has posted an income of greater than ₹500 Crores in the last three years, hovering close to this prestigious benchmark for the past decade. Both the Gross Incurred Claims Ratio and Net Incurred Claims Ratio increased over the previous year.
Chart 4.7.2Gross & Net Incurred Claims Ratio - Marine (Cargo)
Source: Council Compilation as per source
data submitted by companies
Chart 4.7.3Gross & Net Incurred Claims Ratio - Marine (Hull)
Source: Council Compilation as per source
data submitted by companies
Chart 4.7.4Gross & Net Incurred Claims Ratio - Aviation
Source: Council Compilation as per source
data submitted by companies
Chart 4.7.5Rural vs Urban Premium - Marine & Aviation
Chart 4.7.6Channelwise GDPI - Marine & Aviation
Source: Council Compilation as per source
data submitted by companies