Property insurance business has registered a CAGR of 10.94% over the period 2012-13 to 2021-22. Proportion of Engineering business has increased to ₹3,563 Cr. this year from ₹2,970 Cr. of the last year.
Chart 4.6.1GDPI - Property Insurance
Table 4.6.1Property
| 2021-22 | Value |
| No. Of Policies | 7,838,752 |
| Premium (in Cr) | 25,111 |
| No. Of Claims Reported | 193,711 |
| No. Of Paid Claims | 153,570 |
| Amt of Paid Claims (in Cr) | 8,567 |
Source: Council Compilation as per source
data submitted by companies
The Gross and Net Incurred Claims ratio for Property insurance has been declining for the last 3 years.
Chart 4.6.2Gross & Net Incurred Claims Ratio - Property
Source: Council Compilation as per source
data submitted by companies
Chart 4.6.3Rural vs Urban Premium - Property
Source: Council Compilation as per source
data submitted by companies