{"id":278,"date":"2019-07-29T09:13:21","date_gmt":"2019-07-29T09:13:21","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=278"},"modified":"2026-02-24T10:09:33","modified_gmt":"2026-02-24T10:09:33","slug":"motor","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/?page_id=278","title":{"rendered":"4.3 &#8211; Motor Own Damage"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<div class=\"wp-block-columns w-two-one\">\n\t<div class=\"wp-block-column_2\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.3.1<\/span>GDPI - Motor Own Damage Insurance<\/h3><div id=\"Chart_180\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        column_chart(\"Chart_180\", {\"unit\":\"(\\u20b9 in Crores)\",\"data\":{\"GDPI\":{\"2015-16\":22714,\"2016-17\":25140,\"2017-18\":27745,\"2018-19\":28092,\"2019-20\":28273,\"2020-21\":26093,\"2021-22\":27173,\"2022-23\":32072,\"2023-24\":37325,\"2024-25\":40134}},\"Title\":\"GDPI - Motor Own Damage Insurance\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"xAxisData\":{\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\",\"2024-25\":\"2024-25\"},\"colorCodes\":[\"#CF8900\"]});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column_1\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Table 4.3.1<\/span>Motor OD<\/h3><table width=\"100%\" class=\"\">    <tbody>        <tr>                    <td>                        2024-25                    <\/td>                    <td>                        Value                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Policies                    <\/td>                    <td>                            11,76,68,015                    <\/td>        <\/tr>        <tr>                    <td>                            GDPI (in Cr)                    <\/td>                    <td>                            40,134                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Claims Reported                    <\/td>                    <td>                            1,05,54,600                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Paid Claims                    <\/td>                    <td>                            97,40,099                    <\/td>        <\/tr>        <tr>                    <td>                            Amt of Paid Claims(in Cr)                    <\/td>                    <td>                            30,132                    <\/td>        <\/tr>    <\/tbody><\/table>\n                <span style=\"margin-left: 139px;font-size:13px\"> <i> <\/i><\/span>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em><\/p>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"><\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.3.1a<\/span>Channelwise GDPI - Motor OD<\/h3><div id=\"Chart_338\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_338\", {\"data\":{\"Individual Agents\":8620,\"Corporate Agents-Bank\":784,\"Corporate Agents-Others\":2424,\"Brokers\":23269,\"Direct Business\":770,\"Others\":3909},\"Title\":\"\",\"SeriesTitle\":\"Channelwise GDPI - Motor OD\",\"colorCodes\":[\"#E2B866\",\" #FFD966\",\"#F3E2C1\",\"#CF8900\",\"#956D33\",\"#643E0C\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: <\/em> <em>Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em> <\/p>\n\n\n\n<p>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.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.3.2<\/span>Gross & Net Incurred Claims Ratio - Motor Own Damage<\/h3><div id=\"Chart_181\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_181\", {\"unit\":\"%\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2015-16\":\"67.26\",\"2016-17\":\"70.1\",\"2017-18\":\"63.81\",\"2018-19\":\"72.35\",\"2019-20\":\"77.21\",\"2020-21\":\"71.09\",\"2021-22\":\"83.16\",\"2022-23\":\"82.7\",\"2023-24\":\"75.6\",\"2024-25\":\"77.2\"},\"Net Incurred Claims Ratio\":{\"2015-16\":\"69.4\",\"2016-17\":\"72.5\",\"2017-18\":\"66.97\",\"2018-19\":\"72.91\",\"2019-20\":\"77.98\",\"2020-21\":\"69.75\",\"2021-22\":\"80.32\",\"2022-23\":\"88.67\",\"2023-24\":\"83.9\",\"2024-25\":\"82.2\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Motor Own Damage\",\"xTitle\":\"Year\",\"yTitle\":\"Loss Ratio (%)\",\"yAxisData\":{\"2015-16\":\"2015-16\",\"2016-17\":\"2016-17\",\"2017-18\":\"2017-18\",\"2018-19\":\"2018-19\",\"2019-20\":\"2019-20\",\"2020-21\":\"2020-21\",\"2021-22\":\"2021-22\",\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\",\"2024-25\":\"2024-25\"},\"colorCodes\":[\"#CF8900\",\"#643E0C\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em><\/p>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"><\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 4.3.3<\/span>Rural vs Urban Premium - Motor OD<\/h3><div id=\"Chart_269\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_269\", {\"data\":{\"Rural Premium\":3145,\"Urban Premium\":37210},\"Title\":\"\",\"SeriesTitle\":\"Rural vs Urban Premium - Motor OD\",\"colorCodes\":[\"#956D33\",\"#CF8900\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <em><strong>Source<\/strong>: Council Compilation<\/em> <em>as per source <\/em><br><em>data submitted by companies<\/em> <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the current fiscal year, there has been a modest increase of 7.5% in GDPI as compared to 16.4% in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/278"}],"collection":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=278"}],"version-history":[{"count":77,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/278\/revisions"}],"predecessor-version":[{"id":4707,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/278\/revisions\/4707"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/272"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}