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 10.8% over the period 2014- 15 to 2023-24
There has been a change in the classification of liability segment as some policies have been collated as other Misc. Segments.
Chart 4.8.1GDPI - Liability
Table 4.8.1Liability
| 2023-24 | Value |
| No. Of Policies | 2,902,519 |
| GDPI (in Cr) | 3,338 |
| No. Of Claims Reported | 1,04,643 |
| No. Of Paid Claims | 91,434 |
| Amt of Paid Claims (in Cr) | 1,0609 |
Source: Council Compilation as per source
data submitted by companies
Note: Detailed breakup of Liability Covers is not available.
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