{"id":3683,"date":"2024-01-31T16:12:38","date_gmt":"2024-01-31T16:12:38","guid":{"rendered":"http:\/\/pentationyb.com\/?page_id=3683"},"modified":"2026-02-01T12:34:26","modified_gmt":"2026-02-01T12:34:26","slug":"3-15-technical-reserves","status":"publish","type":"page","link":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/?page_id=3683","title":{"rendered":"3.15 \u2013 Technical Reserves"},"content":{"rendered":"\n<p>Technical reserves comprising of outstanding claims and unexpired premium reserves (UPR) which were Rs 1,24,467 Crores in financial year 2015-16 have grown to Rs 3,93,409 Crores in financial year 2024-25 at a CAGR of 13.6% p.a.<\/p>\n\n\n\n<p><\/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 3.15.1<\/span>Growth of Technical Reserves<\/h3><div id=\"Chart_334\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_334\", {\"orientation\":true,\"unit\":\"\",\"data\":{\"UPR\":{\"2015-16\":41950,\"2016-17\":47678,\"2017-18\":54362,\"2018-19\":61152,\"2019-20\":66179,\"2020-21\":75667,\"2021-22\":84414,\"2022-23\":97091,\"2023-24\":110486,\"2024-25\":114705},\"O\\\/S Claims\":{\"2015-16\":82517,\"2016-17\":100910,\"2017-18\":120544,\"2018-19\":140386,\"2019-20\":160587,\"2020-21\":188406,\"2021-22\":214072,\"2022-23\":233970,\"2023-24\":254363,\"2024-25\":278704},\"Tech. Reserve\\r\\n\":{\"2015-16\":124467,\"2016-17\":148588,\"2017-18\":174906,\"2018-19\":201538,\"2019-20\":226766,\"2020-21\":264073,\"2021-22\":298486,\"2022-23\":331061,\"2023-24\":364849,\"2024-25\":393409}},\"Title\":\"Growth of Technical Reserves\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"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\":[\"#C98900\",\" #643E0C\",\"#956D33\"]});\n                    });\n                <\/script>\n\n\n\n<p><\/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 3.15.2<\/span>Break up of Technical Reserves<\/h3><div id=\"Chart_335\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_335\", {\"orientation\":true,\"unit\":\"\",\"data\":{\"2020-21\\n\":{\"Private\":76738,\"PSU\":84789,\"SAHI\":3002,\"Specialised\":10376},\"2021-22\\n\":{\"Private\":119922,\"PSU\":119796,\"SAHI\":9375,\"Specialised\":14980},\"2022-23\\n\":{\"Private\":167183,\"PSU\":132440,\"SAHI\":14929,\"Specialised\":16510},\"2023-24\\n\":{\"Private\":192609,\"PSU\":139816,\"SAHI\":18129,\"Specialised\":14294},\"2024-25\":{\"Private\":210458,\"PSU\":148381,\"SAHI\":21009,\"Specialised\":13560}},\"Title\":\"Break up of Technical Reserves\",\"xTitle\":\"Category of Insurers\",\"yTitle\":\"\\u20b9 in Crores\",\"yAxisData\":{\"Private\":\"Private\",\"PSU\":\"PSU\",\"SAHI\":\"SAHI\",\"Specialised\":\"Specialised\"},\"colorCodes\":[\"#956D33\",\" #643E0C\",\" #F9F0E0\",\" #E2B866\",\" #C98900\"]});\n                    });\n                <\/script>\n\n\n\n<p><\/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 3.15.3<\/span>IBNR claims & Outstanding claims\r\n<\/h3><div id=\"Chart_349\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_349\", {\"orientation\":true,\"unit\":\"\",\"data\":{\"IBNR claims\":{\"2022-23\":128171,\"2023-24\":136642,\"2024-25\":142533},\"Settled claims\":{\"2022-23\":104342,\"2023-24\":119216,\"2024-25\":136171},\"Outstanding claims\":{\"2022-23\":232513,\"2023-24\":255858,\"2024-25\":278704}},\"Title\":\"IBNR claims & Outstanding claims\\r\\n\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"yAxisData\":{\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\",\"2024-25\":\"2024-25\"},\"colorCodes\":[\"#C98900\",\" #643E0C\",\"#956D33\"]});\n                    });\n                <\/script>\n","protected":false},"excerpt":{"rendered":"<p>Technical reserves comprising of outstanding claims and unexpired premium reserves (UPR) which were Rs 1,24,467 Crores in financial year 2015-16 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":15,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/3683"}],"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=3683"}],"version-history":[{"count":5,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/3683\/revisions"}],"predecessor-version":[{"id":4457,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/3683\/revisions\/4457"}],"up":[{"embeddable":true,"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/www.gicouncil.in\/yearbook\/2024-25\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}