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ANNUAL REPORT 2011-12
TABLE I.19
RATIO OF OUTSIDE INDIA PREMIUM
TO TOTAL PREMIUM
(Per cent)
Insurer 2010-11 2011-12
National 0.39 0.32
New India 13.72 15.19
Oriental 2.02 2.37
United* - -
* Ceased operations in 2003-04
TABLE I.20
GROSS DIRECT PREMIUM FROM BUSINESS
OUTSIDE INDIA : NON-LIFE INSURERS
(` crore)
Insurer 2010-11 2011-12
National 24.47 25.00
(17.56) (2.18)
New India 1128.37 1531.01
(6.79) (35.68)
Oriental 112.54 146.71
(-4.60) (30.45)
Total 1265.38
(5.85)
1702.72
(34.56)
Note : Figures in bracket indicate the growth (in per cent)
over previous year.
underwritten in 2010-11, reporting an increase of 8.07
per cent over 2010-11. The public sector insurers
TABLE I.21
NUMBER OF NEW POLICIES ISSUED :
NON-LIFE INSURERS
(In Lakhs)
Insurer 2010-11 2011-12
Public Sector 505.76
(16.52)
528.14
(4.43)
Private Sector 287.65 329.30
(19.44) (14.48)
Total 793.41
(17.56)
857.44
(8.07)
Note : Figures in brackets indicate the growth (in per cent)
over previous year.
witnessed a marginal growth in the number of policies
issued. They reported a 4.43 per cent increase in
number of policies issued during 2011-12 compared
to 16.52 per cent in 2010-11. The private sector
insurers also reported a growth in number of policies
issued at 14.48 per cent in 2011-12 (19.44 per cent in
2010-11).
Paid-up Capital
I.3.43 The total paid-up capital of non-life insurers as
on 31 st March, 2011 was `6,706 crore. During 2011-12,
the non-life insurers added `1,120 crore (all in the
private sector) to their equity capital base. The paid-up
capital of the public sector companies remained
unchanged at `550 crore in 2011-12.
TABLE I.22
PAID UP CAPITAL :
NON-LIFE INSURERS AND REINSURER*
(As on 31 st March)
(` crore)
Insurer 2011 2012
Multi-line Insurers
Public Sector 550 550
Private Sector 3956 4861
Specialized Insurers
ECGC 900 900
AIC 200 200
Health Insurers
Star Health 203 279
Apollo Munich 196 255
Max Bupa 271 352
Reinsurer
GIC 430 430
Total* 6706 7826
Note: * Including specialized Institutions.
Excludes premium on issue of equity capital (Statement No. 56)
Underwriting Experience
I.3.44 The underwriting losses of the non-life insurance
companies decreased to `8,817 crore in 2011-12, from
`9,944 crore in the previous year. The underwriting
losses decreased by 11.33 per cent over the previous
year. The public sector insurers’ losses decreased by
22.94 per cent to `5,817 crore in 2011-12 from `7,549
crore in 2010-11. The private sector insurers’ losses
37