{"id":286,"date":"2019-07-29T09:15:49","date_gmt":"2019-07-29T09:15:49","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=286"},"modified":"2025-02-04T18:26:43","modified_gmt":"2025-02-04T18:26:43","slug":"liability","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=286","title":{"rendered":"4.8 &#8211; Liability"},"content":{"rendered":"\n<p>Liability Insurance comprises of Workmen\u2019s compensation and Employers\u2019 Liability, Public Liability, Products Liability and other Liability segments (excluding Motor Third Party Liability), Liability Insurance Premium has grown by 10.8% over the period 2014- 15 to 2023-24<br>There has been a change in the classification of liability segment as some policies have been collated as other Misc. Segments.<\/p>\n\n\n\n<style>\n.highcharts-container{\nheight: 420px !important;\n}\n<\/style>\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 4.8.1<\/span>GDPI - Liability<\/h3><div id=\"Chart_193\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        column_chart(\"Chart_193\", {\"unit\":\"(\\u20b9 in Crores)\",\"data\":{\"Liability\":{\"2014-15\":1328,\"2015-16\":1890,\"2016-17\":2039,\"2017-18\":1912,\"2018-19\":2318,\"2019-20\":2526,\"2020-21\":3017,\"2021-22\":4050,\"2022-23\":4712,\"2023-24\":3338}},\"Title\":\"GDPI - Liability\",\"xTitle\":\"Year\",\"yTitle\":\"\\u20b9 in Crores\",\"xAxisData\":{\"2014-15\":\"2014-15\",\"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\"},\"colorCodes\":[\"#7e8ac5\"]});\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 4.8.1<\/span>Liability<\/h3><table width=\"100%\" class=\"\">    <tbody>        <tr>                    <td>                        2023-24                    <\/td>                    <td>                        Value                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Policies                    <\/td>                    <td>                             2,902,519                     <\/td>        <\/tr>        <tr>                    <td>                            GDPI (in Cr)                    <\/td>                    <td>                            3,338                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Claims Reported                    <\/td>                    <td>                            1,04,643                    <\/td>        <\/tr>        <tr>                    <td>                            No. Of Paid Claims                    <\/td>                    <td>                            91,434                    <\/td>        <\/tr>        <tr>                    <td>                            Amt of Paid Claims (in Cr)                    <\/td>                    <td>                             1,0609                    <\/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>&nbsp;<em>as per source<br>data submitted by companies<\/em><\/p>\n\n\n\n<p class=\"has-small-font-size\">                                                                                                                                                <em><strong>Note:<\/strong> Detailed breakup of Liability Covers is not available.<\/em><\/p>\n\n\n\n<p class=\"has-text-align-left has-small-font-size\"><em><br><\/em><strong>                                                                                                                                            <\/strong><em><strong>  <\/strong><\/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><\/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 4.8.2<\/span>Gross & Net Incurred Claims Ratio - Liability<\/h3><div id=\"Chart_194\" class=\"chart-div\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        multiline_chart(\"Chart_194\", {\"unit\":\"%\",\"data\":{\"Gross Incurred Claims Ratio\":{\"2014-15\":\"24.3\",\"2015-16\":\"30.6\",\"2016-17\":\"27.6\",\"2017-18\":\"43.5\",\"2018-19\":\"47.3\",\"2019-20\":\"38.7\",\"2020-21\":\"43.8\",\"2021-22\":\"28\",\"2022-23\":\"39.7\",\"2023-24\":\"35.6\"},\"Net Incurred Claims Ratio\":{\"2014-15\":\"31.4\",\"2015-16\":\"40.1\",\"2016-17\":\"32.3\",\"2017-18\":\"20.4\",\"2018-19\":\"38.7\",\"2019-20\":\"51\",\"2020-21\":\"49.6\",\"2021-22\":\"37\",\"2022-23\":\"46.6\",\"2023-24\":\"41.2\"}},\"Title\":\"Gross & Net Incurred Claims Ratio - Liability\",\"xTitle\":\"Year\",\"yTitle\":\"Claim Ratio (%)\",\"yAxisData\":{\"2014-15\":\"2014-15\",\"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\"},\"colorCodes\":[\"#7e8ac5\",\" #002060\"]});\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>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/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 4.8.3<\/span>Rural vs Urban Premium - Liability<\/h3><div id=\"Chart_282\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_282\", {\"data\":{\"Rural Premium\":270,\"Urban Premium\":4554},\"Title\":\"\",\"SeriesTitle\":\"Rural vs Urban Premium - Liability\",\"colorCodes\":[\"#7e8ac5\",\"#0070c0\"],\"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>&nbsp;<em>as per source<br>data submitted by companies<\/em> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liability Insurance comprises of Workmen\u2019s compensation and Employers\u2019 Liability, Public Liability, Products Liability and other Liability segments (excluding Motor Third [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":272,"menu_order":8,"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\/286"}],"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=286"}],"version-history":[{"count":33,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/286\/revisions"}],"predecessor-version":[{"id":4191,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/286\/revisions\/4191"}],"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=286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}