The composition of Marine and Aviation Insurance business is as mentioned below.

Premium from Marine Cargo increased again this year after the dip in previous year.

Chart 4.7.1Marine & Aviation Insurance

Table 4.7.1Marine & Aviation

2021-22 Value
No. Of Policies 1,343,318
Premium (in Cr)  5,020
No. Of Claims Reported 373,798
No. Of Paid Claims 310,505
Amt of Paid Claims (in Cr) 2,860
Premium booked in India considered

Source: Council Compilation as per source
data submitted by companies



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

Source: Council Compilation as per source
data submitted by companies