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