Liability Insurance comprises of Workmen’s compensation and Employers’ Liability, Public Liability, Products Liability and other Liability segments (excluding Motor Third Party Liability), Liability Insurance Premium has grown by 14.88% over the period 2012-13 to 2021-22.
Chart 4.8.1GDPI - Liability
Table 4.8.1Liability
| 2021-22 | Value |
| No. Of Policies | 1,641,033 |
| Premium (in Cr) | 4,050 |
| No. Of Claims Reported | 101,379 |
| No. Of Paid Claims | 77,417 |
| Amt of Paid Claims (in Cr) | 695 |
Source: Council Compilation as per source
data submitted by companies
Note: Detailed breakup of Liability Covers is not available.
The Gross and Net Incurred Claims Ratio both has deceased in comparison with last year.
Chart 4.8.2Gross & Net Incurred Claims Ratio - Liability
Source: Council Compilation as per source
data submitted by companies
Chart 4.8.3Rural vs Urban Premium - Liability
Source: Council Compilation as per source
data submitted by companies