In the current fiscal year, there has been a modest increase of 7.5% in GDPI as compared to 16.4% in the previous year. A Probable reason for the same is the sluggish offtake of new Vehicles in the year under-review.
Chart 4.3.1GDPI - Motor Own Damage Insurance
Table 4.3.1Motor OD
| 2024-25 | Value |
| No. Of Policies | 11,76,68,015 |
| GDPI (in Cr) | 40,134 |
| No. Of Claims Reported | 1,05,54,600 |
| No. Of Paid Claims | 97,40,099 |
| Amt of Paid Claims(in Cr) | 30,132 |
Source: Council Compilation as per source
data submitted by companies
Chart 4.3.1aChannelwise GDPI - Motor OD
Source: Council Compilation as per source
data submitted by companies
Gross Incurred Claims Ratio which was 75.5% in 2023-24 has increased to 77.2% in 2024-25. Net Incurred Claims Ratio which was 83.9% in 2023-24 has decreased to 82.2% in the year 2024-25.
Chart 4.3.2Gross & Net Incurred Claims Ratio - Motor Own Damage
Source: Council Compilation as per source
data submitted by companies
Chart 4.3.3Rural vs Urban Premium - Motor OD
Source: Council Compilation as per source
data submitted by companies
Source: Council Compilation as per source
data submitted by companies