Table 8Gross incurred Claim Ratios (within India and abroad)
OVERALL | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Fire | 61.4% | 72.7% | 60.8% | 78.0% | 59.2%
| 55.71% | 44.2% | 34.1% | 59.3% | 59.1% |
| Engg. | 53.6% | 45.8% | 27.8% | 52.4% | 73.9%
| 45.63% | 30.7% | 33.1% | 51.9% | 26.8% |
| Marine Cargo | 90.4% | 75.3% | 57.1% | 79.7% | 63.7%
| 96.57% | 83.4% | 68.8% | 67.5% | 69.6% |
| Marine Hull | 58.6% | 105.4% | 40.6% | 69.5% | 50.2%
| 101.76% | 113.6% | 47.6% | 57.5% | 28.8% |
| Motor OD | 67.2% | 70.0% | 63.8% | 72.4% | 77.2% | 66.80% | 78.8% | 79.5% | 75.5% | 77.2% |
| Motor TP | 86.6% | 94.0% | 96.4% | 87.2% | 81.6%
| 75.04% | 80.9% | 78.1% | 77.9% | 86.0% |
| Aviation | 123.1% | 89.1% | 90.2% | 154.3%
| 80.2%
| 169.85% | 70.4% | 19.2% | 41.4% | 62.7% |
| Health | 89.9% | 95.4% | 83.3% | 79.8% | 81.9%
| 80.55% | 97.5% | 80.5% | 78.1% | 80.4% |
| Personal accident | 52.0% | 60.2% | 64.6% | 64.1% | 69.1%
| 54.99% | 59.7% | 60.6% | 63.0% | 64.7% |
| Liability | 29.8% | 26.3% | 41.5% | 47.3% | 38.7%
| 51.19% | 32.9% | 43.9% | 35.6% | 62.6% |
| Other Misc. | 85.9% | 91.6% | 90.8% | 87.7% | 90.6%
| 76.44% | 74.3% | 72.1% | 71.6% | 71.9% |
| TOTAL | 77.4% | 84.2% | 79.6% | 80.5% | 79.5%
| 73.3% | 79.9% | 71.1% | 73.0% | 74.9% |
GENERAL INSURERS | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Fire | 61.4% | 72.7% | 60.8% | 78.0% | 59.2%
| 55.7% | 44.2% | 34.1% | 59.3% | 59.1% |
| Engg. | 53.6% | 45.8% | 27.8% | 52.4% | 73.9%
| 45.6% | 30.7% | 33.1% | 51.9% | 26.8%
|
| Marine Cargo | 90.4% | 75.3% | 57.1% | 79.7% | 63.7%
| 96.6% | 83.4% | 68.8% | 67.5% | 69.6%
|
| Marine Hull | 58.6% | 105.4% | 40.6% | 69.5% | 50.2%
| 101.8% | 113.6% | 47.6% | 57.5% | 24.0%
|
| Motor OD | 67.2% | 70.0% | 63.8% | 72.4% | 77.2%
| 66.8% | 78.8% | 79.5% | 75.5% | 77.2%
|
| Motor TP | 86.6% | 94.0% | 96.4% | 87.2% | 81.6%
| 75.0% | 80.9% | 78.1% | 77.9% | 86.0%
|
| Aviation | 123.1% | 89.1% | 90.2% | 154.3% | 80.2%
| 169.8% | 70.4% | 19.2% | 41.4% | 62.7%
|
| Health | 96.8% | 104.8% | 91.2% | 87.5% | 90.3%
| 88.8% | 107.5% | 90.5% | 87.4% | 88.5%
|
| Personal accident | 53.9% | 63.2% | 68.7% | 68.5% | 75.1%
| 60.2% | 64.4% | 65.1% | 67.2% | 69.1%
|
| Liability | 29.8% | 26.3% | 41.5% | 47.3% | 38.7%
| 51.2% | 32.9% | 43.9% | 35.6% | 62.6%
|
| Other Misc. | 88.1% | 77.1% | 84.0% | 85.5% | 92.0%
| 67.5% | 75.2% | 63.5% | 71.5% | 79.7%
|
| TOTAL | 78.2% | 83.1% | 79.5% | 81.7% | 80.9%
| 73.4% | 80.8% | 71.5% | 75.3% | 59.5%
|
STANDALONE HEALTH INSURERS | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Health | 53.6% | 52.4% | 52.8% | 54.9% | 58.6%
| 56.8% | 70.8% | 54.7% | 56.3% | 62.5%
|
| Personal accident | 23.8% | 20.8% | 21.4% | 25.9% | 24.8%
| 17.3% | 22.7% | 24.6% | 22.8% | 27.3% |
| Other Misc. | 59.1% | - | 34.2% | - | - | - | - | - | - | - |
| TOTAL | 52.5% | 51.0% | 51.2% | 53.5% | 57.1%
| 55.2% | 69.0% | 53.8% | 55.6% | 61.7%
|
SPECIALISED INSURERS | Year | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
| Other Misc. | 83.4% | 124.1% | 107.7% | 94.5% | 86.9%
| 93.1% | 82.8% | 85.2% | 72.1% | 65.6%
|
Source: IRDAI reports and Council Compilation
