{"id":274,"date":"2019-07-29T09:12:12","date_gmt":"2019-07-29T09:12:12","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=274"},"modified":"2024-02-05T06:05:34","modified_gmt":"2024-02-05T06:05:34","slug":"gdpi-policies","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/indian-non-life-insurance-industry-analysis\/section-04-segmentwise-business-highlights\/gdpi-policies\/","title":{"rendered":"4.1 &#8211; GDPI &#038; Policies"},"content":{"rendered":"\n<h4> GDPI &amp; Policies<\/h4>\n\n\n\n<p><\/p>\n\n\n\n<p>Gross Direct Premium income (in India) written by non-life Insurance Industry increased from \u20b9 2,20,700 Crores in 2021-22 to \u20b9 2,56,984 Crores in 2022-23. Personal lines of business namely Motor, Health &amp; Personal Accident insurance constituted more than two-thirds of the Non-Life Insurance premium. Crop insurance and credit insurance is an important segment in Other Misc class of business.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.1.1<\/span>Segment-wise share of GDPI<\/h3><div id=\"Chart_174\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_174\", {\"orientation\":\"false\",\"unit\":\"\",\"data\":{\"2020-21\":{\"Property\":11.61,\"Liability\":1.52,\"Marine & Aviation\":2.13,\"Health & Personal Accident\":32.07,\"Motor OD\":13.13,\"Motor TP\":21.01,\"Other Miscellaneous\":18.53},\"2021-22\":{\"Property\":11.38,\"Liability\":1.84,\"Marine & Aviation\":2.27,\"Health & Personal Accident\":36.48,\"Motor OD\":12.31,\"Motor TP\":19.6,\"Other Miscellaneous\":16.12},\"2022-23\":{\"Property\":10.98,\"Liability\":1.41,\"Marine & Aviation\":2.31,\"Health & Personal Accident\":38.02,\"Motor OD\":12.37,\"Motor TP\":19.26,\"Other Miscellaneous\":15.64}},\"Title\":\"Segment-wise share of GDPI\",\"xTitle\":\"Line of Business\",\"yTitle\":\"Share of GDPI (in %)\",\"yAxisData\":{\"Property\":\"Property\",\"Liability\":\"Liability\",\"Marine & Aviation\":\"Marine & Aviation\",\"Health & Personal Accident\":\"Health & Personal Accident\",\"Motor OD\":\"Motor OD\",\"Motor TP\":\"Motor TP\",\"Other Miscellaneous\":\"Other Miscellaneous\"},\"colorCodes\":[\"#612A8A\",\" #AD58C9\",\" #F5A9FE\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <strong>S<\/strong><em><strong>ource<\/strong>: Form I of I to X and Council Compilation<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\n\n\n\n<p>The number of policies issued increased from 26.79 Crores in 2021-22 to 30.47 Crores in 2022-23. Proportion of number of policies issued in Overall Motor has decreased from 54.2% in 2021-22 to 52.00% in 2022-23 and Other Miscellaneous classes has increased from 26.08% in 2021-22 to 29.53% in 2022-23.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.1.2<\/span>Segment-wise Policies Issued<\/h3><div id=\"Chart_175\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_175\", {\"orientation\":\"false\",\"unit\":\"\",\"data\":{\"2020-21\":{\"Property\":2.8,\"Liability\":0.3,\"Marine & Aviation\":0.6,\"Health & Personal Accident\":19.2,\"Motor Overall\":53.8,\"Other Miscellaneous\":23.4},\"2021-22\":{\"Property\":2.93,\"Liability\":0.61,\"Marine & Aviation\":0.5,\"Health & Personal Accident\":15.63,\"Motor Overall\":54.25,\"Other Miscellaneous\":26.08},\"2022-23\":{\"Property\":2.94,\"Liability\":0.83,\"Marine & Aviation\":0.41,\"Health & Personal Accident\":14.28,\"Motor Overall\":52,\"Other Miscellaneous\":29.53}},\"Title\":\"Segment-wise Policies Issued\",\"xTitle\":\"Line of Business\",\"yTitle\":\"Share of Policies in GDPI (in %)\",\"yAxisData\":{\"Property\":\"Property\",\"Liability\":\"Liability\",\"Marine & Aviation\":\"Marine & Aviation\",\"Health & Personal Accident\":\"Health & Personal Accident\",\"Motor Overall\":\"Motor Overall\",\"Other Miscellaneous\":\"Other Miscellaneous\"},\"colorCodes\":[\"#612A8A\",\" #AD58C9\",\" #F5A9FE\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <strong>S<\/strong><em><strong>ource<\/strong>: Form I of I to X and Council Compilation<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><\/p><cite><br><br><\/cite><\/blockquote>\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: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.1.3<\/span>Segment-wise share of GDPI 2022-23<\/h3><div id=\"Chart_176\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_176\", {\"data\":{\"Property\":10.98,\"Liability\":1.41,\"Marine & Aviation\":2.31,\"Health & Personal Accident\":38.02,\"Motor Overall\":31.63,\"Other Miscellaneous\":15.64},\"Title\":\"\",\"SeriesTitle\":\"Segment-wise share of GDPI 2022-23\",\"colorCodes\":[\"#612A8A\",\" #7030A0\",\"#8730A0\",\"#AD58C9\",\"#D766FA\",\"#F5A9FE\"],\"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: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.1.4<\/span>Segment-wise share of Policies Issued 2022-23<\/h3><div id=\"Chart_177\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_177\", {\"data\":{\"Property\":2.94,\"Liability\":0.83,\"Marine & Aviation\":0.41,\"Health & Personal Accident\":14.28,\"Motor Overall\":52,\"Other Miscellaneous\":29.53},\"Title\":\"\",\"SeriesTitle\":\"Segment-wise share of Policies Issued 2022-23\",\"colorCodes\":[\"#612A8A\",\" #7030A0\",\"#8730A0\",\"#AD58C9\",\"#D766FA\",\"#F5A9FE\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <strong>S<\/strong><em><strong>ource<\/strong>: Form I of I to X and Council Compilation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GDPI &amp; Policies Gross Direct Premium income (in India) written by non-life Insurance Industry increased from \u20b9 2,20,700 Crores in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/274"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":34,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/274\/revisions"}],"predecessor-version":[{"id":3760,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/274\/revisions\/3760"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/pages\/272"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2022-23\/wp-json\/wp\/v2\/media?parent=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}