The Motor OD premium has grown at a CAGR of 6.11% over the period 2011-12 to 2020-21.
Chart 4.3.1GDPI - Motor Own Damage Insurance
Table 4.3.1Motor OD
| 2020-21 | Value |
| No. Of Policies | 84,685,908 |
| Premium (in Cr) | 26,093 |
| No. Of Claims Reported | 7,205,670 |
| No. Of Paid Claims | 6,787,497 |
| Amt of Paid Claims(in Cr) | 17,834 |
Source: Source: Council Compilation as per source
data submitted by companies
The Gross Incurred Claims Ratio for Motor Own damage segment has been in the range of 53% – 78% over the period 2011-12 to 2020-21. Gross Incurred Claims decreased by approximately 6% as compared to 2019-20.
Chart 4.3.2Gross & Net Incurred Claims Ratio - Motor Own Damage
Source: Council Compilation as per source
data submitted by companies
Chart 4.3.3Rural vs Urban Premium - Motor OD
Chart 4.3.4Channelwise GDPI - Motor OD
Source: Council Compilation as per source
data submitted by companies
Chart 4.3.5GDPI Breakup on Categories - Motor OD
Chart 4.3.6Policies Breakup on Categories - Motor OD
Source: Council Compilation as per source
data submitted by companies
Chart 4.3.7Share of Incurred Claims - Motor OD (Amount)
Chart 4.3.8Share of Incurred Claims - Motor OD (Number)
Source: Council Compilation as per source
data submitted by companies