This document, dated 21/12/2020 with reference number 2016-17 from the Insurance Regulatory and Development Authority of India (IRDAI), presents data for the calculation of Motor Third Party Obligations for the Fiscal Year 2016-17. The data is presented in Indian Rupees (crores) and details the Motor Own Damage (OD) GDP, Motor Third Party GDP, Total Motor GDP, and Total GDP for various insurance companies.
The grand total across all insurers amounts to: Motor OD GDP is 23,727, Motor Third Party GDP is 26,523, Total Motor GDP is 50,250 and Total GDP is 1,14,023.
The insurers mentioned in the report include: Bajaj Allianz General Insurance Co. Ltd., Bharti Axa General Insurance Co. Ltd., Cholamandalam MS General Insurance Co. Ltd., Future Generali India Insurance Co. Ltd., HDFC Ergo General Insurance Co. Ltd., HDFC General Insurance Co. Ltd. (Formerly L&T Gen.), ICICI Lombard General Insurance Co. Ltd., Iffco Tokio General Insurance Co. Ltd., Kotak Mahindra General Insurance Co. Ltd., Liberty Videocon General Insurance Co. Ltd., Magma HDI General Insurance Co. Ltd., National Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., Raheja QBE General Insurance Co. Ltd., Reliance General Insurance Co. Ltd., Royal Sundaram General Insurance Co. Ltd., SBI General Insurance Co. Ltd., Shriram General Insurance Co. Ltd., Tata AIG General Insurance Co. Ltd., United India Insurance Co. Ltd., and Universal Sompo General Insurance Co. Ltd.
Key Entities Referenced
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA: The regulator for the insurance industry in India, responsible for calculating Motor TP Obligations.
Motor TP Obligations: The financial obligations related to third-party insurance for motor vehicles, which are the subject of calculation in this document.
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
Title:Data for calculation of Motor TP Obligations for the FY 2016-17
Reference No.:2016-17 Date:21/12/2020
Data for calculation of Motor TP Obligations for the FY 2016-17
(Rs. in crores)
FY 2016-17
Insurer Motor Third Total Motor
Motor OD GDP Party GDP GDP Total GDP
je gay) ln erazs Crgrarere 2,066 1,501 3,567 7,633
Insurance Co. Ltd.
Bharti Axa General
Insurance Co. Ltd. mal 304 1,105 L314
Cholamandalam MS
General Insurance Co. 922 1,243 2,165 3,133
Ltd.
Future Generali India 545 358 903 1,815
Insurance Co. Ltd.
HDEC Ergo General 941 661 1,601 5,840
Insurance Co. Ltd.
HDFC General Insurance
Co. Ltd. (Formerly L&T 131 90 222 348
Gen.)
KGICT osnaleeice, Greene 2,760 1,782 4,542 10,725
Insurance Co. Ltd.
tte® Melee Genel 1,528 1,445 2,973 5,564
Insurance Co. Ltd.
Kotak Mahindra General
Insurance Co. Ltd. ue is 69 oe
Liberty Videocon General 275 134 409 585
Insurance Co. Ltd.
Magma HDI General
Insurance Co. Ltd. 150 bot sae ae
oe HOKSSUEHETEES CO 2,576 3,746 6,322 14,238
The New India Assurance 3,094 4,506 7,601 19,115
Co. Ltd.T Coh .e LO tr di .e ntal Insurance 1,422 2,321 3,743 10,803
IR na sh ue rj aa n Q ceB E Co .G e Ln te dr . al 0 29 29 59
IRe nl si ua rn ac ne c eG e Cn oe .r a Ltl d. 952 1,011 1,963 3,935
Royal Sundaram General 1,070 224 1.704 2183
Insurance Co. Ltd.
SBI General Insurance
Co. Ltd. 448 232 681 2,604
IS nh sr ui rr aa nm c eG e Cn oe .r a Ll td. 989 1,247 1,836 2,102
T Ia nt sa u rA aI nG c eG e Cn o.e r La tl d. 1,230 791 2,020 4,168
United India Insurance 2.013 4,049 6,063 16068
Co. Ltd.
Universal Sompo General 229 1 303 1 2BF
Insurance Co. Ltd.
Grand Total 23,727 26,523 50,250 1,14,023