Liability Insurance comprises of Workmen’s compensation and Employer’s Liability, Public Liability, Products Liability and other Liability segments (excluding Motor Third Party Liability). Liability Insurance CAGR has become 8.6% over the period 2015-16 to 2024-25.
Chart 4.8.1GDPI - Liability
Table 4.8.1Liability
| 2024-25 | Value |
| No. Of Policies | 7,707,163 |
| GDPI (in Cr) | 3,958 |
| No. Of Claims Reported | 165,785 |
| No. Of Paid Claims | 127,173 |
| Amt of Paid Claims (in Cr) | 1,326 |
Source: Council Compilation as per source
data submitted by companies
Note: Detailed breakup of Liability Covers is not available.
GIC & NIC for Liability Business as a whole increased over the previous year.
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