{"id":288,"date":"2019-07-29T09:16:42","date_gmt":"2019-07-29T09:16:42","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=288"},"modified":"2022-01-01T10:04:53","modified_gmt":"2022-01-01T10:04:53","slug":"miscellaneous","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/indian-non-life-insurance-industry-analysis\/section-04-segmentwise-business-highlights\/miscellaneous\/","title":{"rendered":"4.11 &#8211; Other Miscellaneous"},"content":{"rendered":"\n<p> All segments of business other than those dealt with separately earlier have been classified as Other Miscellaneous Insurance business.<\/p>\n\n\n\n<div class=\"wp-block-columns w-two-one\">\n\t<div class=\"wp-block-column_2\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.11.1<\/span>GDPI - Other Miscellaneous<\/h3><div id=\"Chart_195\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        stacked_column_chart(\"Chart_195\", {\"stacklabels\":true,\"data\":{\"Other Miscellaneous\":{\"2011-12\":3550,\"2012-13\":4226,\"2013-14\":4870,\"2014-15\":5671,\"2015-16\":5633,\"2016-17\":18006,\"2017-18\":22190,\"2018-19\":5010,\"2019-20\":4528,\"2020-21\":4318},\"Crop Insurance\":{\"2011-12\":0,\"2012-13\":0,\"2013-14\":0,\"2014-15\":0,\"2015-16\":0,\"2016-17\":0,\"2017-18\":0,\"2018-19\":27624,\"2019-20\":32273,\"2020-21\":31120}},\"Title\":\"GDPI - Other Miscellaneous\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"colorCodes\":[\"#8d7270\",\"#c45a2d\"]});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column_1\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Table 4.11.1<\/span>Other Miscelleanous<\/h3><table width=\"100%\" class=\"\">    <tbody>        <tr>                    <td>                        2020-21                    <\/td>                    <td>                        Value                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Policies                    <\/td>                    <td>                              11,888,745                     <\/td>        <\/tr>        <tr>                    <td>                            Premium (in Cr)                    <\/td>                    <td>                             4,318                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Claims Reported                    <\/td>                    <td>                              520,804                     <\/td>        <\/tr>        <tr>                    <td>                            No. Of Paid Claims                    <\/td>                    <td>                              416,246                     <\/td>        <\/tr>        <tr>                    <td>                            Amt of Paid Claims (in Cr)                    <\/td>                    <td>                              1,993                     <\/td>        <\/tr>    <\/tbody><\/table>\n                <span style=\"margin-left: 139px;font-size:13px\"> <i>Premium booked in India considered<\/i><\/span>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n\n<p>The Gross Incurred Claims Ratio &amp; Net Incurred Claims Ratio have varied significantly over the observed period with a generally increasing trend but seen a slight decline in 2020-21.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.11.2<\/span>Gross & Net Incurred Claims Ratio - Miscellaneous<\/h3><div id=\"Chart_196\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_196\", {\"unit\":\"%\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2011-12\":\"45.4\",\"2012-13\":\"43.9\",\"2013-14\":\"57.3\",\"2014-15\":\"85\",\"2015-16\":\"93\",\"2016-17\":\"79.3\",\"2017-18\":\"85.2\",\"2018-19\":\"57.9\",\"2019-20\":\"63.3\",\"2020-21\":\"50.2\"},\"Net Incurred Claims Ratio\":{\"2011-12\":\"45\",\"2012-13\":\"50.7\",\"2013-14\":\"66.2\",\"2014-15\":\"66.7\",\"2015-16\":\"67.1\",\"2016-17\":\"80\",\"2017-18\":\"39.9\",\"2018-19\":\"61.4\",\"2019-20\":\"68.7\",\"2020-21\":\"48.7\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Miscellaneous\",\"xTitle\":\"Year\",\"yTitle\":\"Claim Ratio (%)\",\"yAxisData\":{\"2011-12\":\"2011-12\",\"2012-13\":\"2012-13\",\"2013-14\":\"2013-14\",\"2014-15\":\"2014-15\",\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\"},\"colorCodes\":[\"#574845\",\"#953735\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-columns has-2-columns\">\n\t<div class=\"wp-block-column\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.11.3<\/span>Rural vs Urban Premium - Other Miscelleanous<\/h3><div id=\"Chart_289\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_289\", {\"data\":{\"Rural Premium\":762,\"Urban Premium\":3422},\"Title\":\"\",\"SeriesTitle\":\"Rural vs Urban Premium - Other Miscelleanous\",\"colorCodes\":[\"#f0787e\",\"#f5a841\",\"#5ac5bc\",\"#ee65a3\",\"#f5e34b\",\"#88b3e0\",\"#a6cdee\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #9bcd5e;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.11.4<\/span>Channelwise GDPI - Other Miscelleanous<\/h3><div id=\"Chart_290\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_290\", {\"data\":{\"Individual Agents\":1163,\"Corporate Agents-Bank\":690,\"Corporate Agents- Others\":114,\"Brokers\":1537,\"Direct Business- Internet\":13,\"Direct Business- Other than internet\":781,\"Others\":19},\"Title\":\"\",\"SeriesTitle\":\"Channelwise GDPI - Other Miscelleanous\",\"colorCodes\":[\"#f0787e\",\"#f5a841\",\"#5ac5bc\",\"#ee65a3\",\"#f5e34b\",\"#88b3e0\",\"#a6cdee\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>:<\/em> <em>Council Compilation<\/em>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All segments of business other than those dealt with separately earlier have been classified as Other Miscellaneous Insurance business. Premium [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":10,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/288"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/comments?post=288"}],"version-history":[{"count":29,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/288\/revisions"}],"predecessor-version":[{"id":2421,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/288\/revisions\/2421"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/pages\/272"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2020-21\/wp-json\/wp\/v2\/media?parent=288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}