The Insurance Regulatory and Development Authority of India (IRDAI) provides data for the calculation of Motor TP Obligations for the fiscal year 2020-21, as of January 14, 2021. The data includes the Financial Year 2019-20 Motor OD GDP, Motor Third Party GDP, Total Motor GDP, and Total GDP in Rs. Crores, for the following insurers: Acko, Bajaj Allianz General, Bharti Axa General, Cholamandalam MS, Navi, Edelweiss, Future Generali India, Go Digit, HDFC Ergo General, ICICI Lombard General, Iffco Tokio General, Kotak Mahindra General, Liberty, Magma HDI, National Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., Raheja QBE General, Reliance General, Royal Sundaram General, SBI General, Shriram General, Tata AIG General, United India, and Universal Sompo. The grand totals are as follows: Motor OD GDP: 26,523.94, Motor Third Party GDP: 42,427.13, Total Motor GDP: 68,951.07, and Total GDP: 1,64,007.02.
Key Entities Referenced
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA: Indian regulatory body for insurance sector.
Motor TP Obligations: Financial obligations related to Third Party motor insurance.
Title:Data for calculation of Motor TP Obligations
Reference No.: Date:14/01/2021
Data for calculation of Motor TP Obligations for the FY 2020-21
DATA FOR CALCULATION MOTOR TP OBLIGATIONS FOR THE FY 2020-21
(Rs. Crores)
Financial Year 2019-20
Insurer Motor Third Party Total Motor
Motor OD GDP Total GDP
GDP GDP
Acko 67.26 151.49 218.74 373.07
Bajaj Allianz General 2099.38 3131.14 5,230.52 12,779.77
Bharti Axa General 870.22 617.57 1,487.79 3,134.24
Cholamandalam MS 1088.57 2156.2 3,244.77 4,398.49
Navi 15.65 72.38 88.03 157.99
Edelweiss 51.54 24.9 76.44 146.36
Future Generali India 556.23 799.22 1,355.45 3,417.49
Go Digit 465.15 1184.36 1,649.51 1,767.86
HDFC Ergo General 1570.23 1817.85 3,388.07 9,308.40
ICICI Lombard General 3688.78 3098.85 6,787.63 13,312.84
Iffco Tokio General 1644.34 1882.36 3,526.71 7,961.04
Kotak Mahindra General 133.46 116.32 249.79 433.39
Liberty 596.74 450.15 1,046.89 1,531.37
Magma HDI 290.13 739 1,029.13 1,224.77
National Insurance Co. Ltd. 1889.67 3853.56 5,743.23 15,262.22
The New India Assurance Co.
2786.89 6135.34 8,922.23 26,813.13
Ltd.
The Oriental Insurance Co. Ltd. 1202.26 2999.75 4,202.02 13,672.64
Raheja QBE General 8.11 95.64 103.75 158.12
Reliance General 1209.47 1899.76 3,109.23 7,465.04
Royal Sundaram General 1166.05 915.56 2,081.60 3,666.96
SBI General 753.05 815.49 1,568.53 6,796.97
Shriram General 546.73 1834.83 2,381.56 2,466.19
Tata AIG General 1808.89 2228.26 4,037.15 7,384.53
United India 1619.98 4920.73 6,540.70 17,515.09Universal Sompo 395.17 486.42 881.59 2,859.05
Grand Total 26,523.94 42,427.13 68,951.07 1,64,007.02