All segments of business other than those dealt with separately earlier have been classified as Other Miscellaneous Insurance business.
Chart 4.11.1GDPI - Other Miscellaneous
Table 4.11.1Other Miscelleanous
| 2021-22 | Value |
| No. Of Policies | 11,682,255 |
| Premium (in Cr) | 4,626 |
| No. Of Claims Reported | 781,964 |
| No. Of Paid Claims | 471,860 |
| Amt of Paid Claims (in Cr) | 3,966 |
Source: Council Compilation as per source
data submitted by companies
The Gross Incurred Claims Ratio & Net Incurred Claims Ratio have varied significantly over the observed period with a generally increasing trend.
Chart 4.11.2Gross & Net Incurred Claims Ratio - Miscellaneous
Source: Council Compilation as per source
data submitted by companies
Chart 4.11.3Rural vs Urban Premium - Other Miscelleanous
Source: Council Compilation as per source
data submitted by companies
In certain classes (Marine Cargo, Marine Hull, Aviation & Crop Insurance) it has been observed that the Net Incurred Claim ratio is higher than that of the Gross Incurred Claim ratio. This could be probably due to attritional losses borne on net account, higher deductible fixed in respect of XL cover and insufficient rating of the risk covered.