{"id":274,"date":"2019-07-29T09:12:12","date_gmt":"2019-07-29T09:12:12","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=274"},"modified":"2025-02-03T14:41:02","modified_gmt":"2025-02-03T14:41:02","slug":"gdpi-policies","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=274","title":{"rendered":"4.1 &#8211; GDPI &#038; Policies"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"> GDPI &amp; Policies<\/h4>\n\n\n\n<p><\/p>\n\n\n\n<p>Gross Direct Premium income (in India) written by non-life Insurance Industry increased from \u20b9 2,56,984 Crores in 2022-23 to 2,89,673 in 2023-24. lines of business namely Motor, Health &amp; Personal Accident insurance constituted more than two-thirds of the Non-Life Insurance premium. Crop insurance and credit is an important segment in Other Misc class of business.&nbsp;<\/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 4.1.1<\/span>Segment-wise share of GDPI<\/h3><div id=\"Chart_174\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_174\", {\"orientation\":\"false\",\"unit\":\"\",\"data\":{\"2021-22\":{\"Property\":11.4,\"Liability\":1.8,\"Marine & Aviation\":2.3,\"Health & Personal Accident\":36.5,\"Motor OD\":12.3,\"Motor TP\":19.6,\"Other Miscellaneous\":16.1},\"2022-23\":{\"Property\":11,\"Liability\":1.4,\"Marine & Aviation\":2.3,\"Health & Personal Accident\":38,\"Motor OD\":12.4,\"Motor TP\":19.3,\"Other Miscellaneous\":15.6},\"2023-24\":{\"Property\":10.8,\"Liability\":1.2,\"Marine & Aviation\":2.2,\"Health & Personal Accident\":40.3,\"Motor OD\":12.9,\"Motor TP\":18.8,\"Other Miscellaneous\":13.8}},\"Title\":\"Segment-wise share of GDPI\",\"xTitle\":\"Line of Business\",\"yTitle\":\"Share of GDPI (in %)\",\"yAxisData\":{\"Property\":\"Property\",\"Liability\":\"Liability\",\"Marine & Aviation\":\"Marine & Aviation\",\"Health & Personal Accident\":\"Health & Personal Accident\",\"Motor OD\":\"Motor OD\",\"Motor TP\":\"Motor TP\",\"Other Miscellaneous\":\"Other Miscellaneous\"},\"colorCodes\":[\"#002060\",\" #0070c0\",\" #7e8ac5\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <strong>S<\/strong><em><strong>ource<\/strong>: Form I of I to X and Council Compilation<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p><\/p>\n<cite><br><br><\/cite><\/blockquote>\n\n\n\n<p>The number of policies issued increased from 30.43 Crores in 2022-23 to 33.48 Crores in 2023-24. Proportion of number of policies issued in Overall Motor has decreased from 52.00% in 2022-23 to 49.9% in 2023-24 and Other Miscellaneous classes has increased from 29.5% in 2022-23 to 30.7% in 2023-24.<\/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 4.1.2<\/span>Segment-wise Policies Issued<\/h3><div id=\"Chart_175\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_175\", {\"orientation\":\"false\",\"unit\":\"\",\"data\":{\"2021-22\":{\"Property\":2.9,\"Liability\":0.6,\"Marine & Aviation\":0.5,\"Health & Personal Accident\":15.6,\"Motor Overall\":54.3,\"Other Miscellaneous\":26.1},\"2022-23\":{\"Property\":2.9,\"Liability\":0.8,\"Marine & Aviation\":0.4,\"Health & Personal Accident\":14.3,\"Motor Overall\":52,\"Other Miscellaneous\":29.5},\"2023-24\":{\"Property\":3,\"Liability\":0.8,\"Marine & Aviation\":0.4,\"Health & Personal Accident\":14.8,\"Motor Overall\":50,\"Other Miscellaneous\":31}},\"Title\":\"Segment-wise Policies Issued\",\"xTitle\":\"Line of Business\",\"yTitle\":\"Share of Policies in GDPI (in %)\",\"yAxisData\":{\"Property\":\"Property\",\"Liability\":\"Liability\",\"Marine & Aviation\":\"Marine & Aviation\",\"Health & Personal Accident\":\"Health & Personal Accident\",\"Motor Overall\":\"Motor Overall\",\"Other Miscellaneous\":\"Other Miscellaneous\"},\"colorCodes\":[\"#002060\",\" #0070c0\",\" #7e8ac5\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <strong>S<\/strong><em><strong>ource<\/strong>: Form I of I to X and Council Compilation<\/em><\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p><\/p>\n<cite><br><br><\/cite><\/blockquote>\n\n\n\n<div class=\"wp-block-columns has-2-columns\">\n\t<div class=\"wp-block-column\">\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 4.1.3<\/span>Segment-wise share of GDPI 2023-24<\/h3><div id=\"Chart_176\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_176\", {\"data\":{\"Property\":10.8,\"Liability\":1.2,\"Marine & Aviation\":2.2,\"Health & Personal Accident\":40.3,\"Motor Overall\":31.7,\"Other Miscellaneous\":13.8},\"Title\":\"\",\"SeriesTitle\":\"Segment-wise share of GDPI 2023-24\",\"colorCodes\":[\"#002060\",\"#bdd7ee\",\"#8faadc\",\"#7e8ac5\",\"#004be2\",\"#003296\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column\">\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 4.1.4<\/span>Segment-wise share of Policies Issued 2023-24<\/h3><div id=\"Chart_177\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_177\", {\"data\":{\"Property\":3,\"Liability\":0.8,\"Marine & Aviation\":0.4,\"Health & Personal Accident\":14.8,\"Motor Overall\":50,\"Other Miscellaneous\":31},\"Title\":\"\",\"SeriesTitle\":\"Segment-wise share of Policies Issued 2023-24\",\"colorCodes\":[\"#002060\",\"#bdd7ee\",\"#8faadc\",\"#7e8ac5\",\"#004be2\",\"#003296\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"> <strong>S<\/strong><em><strong>ource<\/strong>: Form I of I to X and Council Compilation<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GDPI &amp; Policies Gross Direct Premium income (in India) written by non-life Insurance Industry increased from \u20b9 2,56,984 Crores in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/274"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=274"}],"version-history":[{"count":37,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/274\/revisions"}],"predecessor-version":[{"id":4167,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/274\/revisions\/4167"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/272"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}