Multi-line insurance claims ratio in India FY 2002-2020

Published by Sandhya Keelery, Aug 30, 2024
In financial year 2020, the total insurance claims ratio of private and public multi-line insurers across India stood at 87 percent. Overall, the claims ratio differential between public and private multi-line insurers in the country has increased significantly since fiscal year 2016. Insurance claims ratio is the percentage of claims costs incurred to the insurance company in relation to the premiums earned.

Multi-line insurance claims ratio across India from financial year 2002 to 2020

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Release date

February 2021

Region

India

Survey time period

FY 2002 to FY 2020

Supplementary notes

India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.

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