CHAPTER IV

DATA ANALYSIS In this chapter the analysis is being carried out to know about the premium received and claim settlement. From this chapter we can know about detail information of premium received for various policies and settlement of claims for the period of 2006-2011. In this chapter first we analysed premium received for different policies and their growth for every financial year and settlement of claims.

The major policies received and claimed are listed below, 1. Fire Policy 2. Marine Cargo 3. Motor 4. Workmen Compensation 5. Personal Accident 6. Engineering 7. Misc Traditional Business 8. Misc Non Traditional Business 9. Rural Sector Business

1. PREMIUM RECEIVED 4.1. Fire Policy The premium received for fire policy is being presented in table 4.1

TABLE 4.1 Premium Received (Fire Policy) Year No. Of Transactions Amount(Rs in lakhs) 2006-07 2007-08 2008-09 2009-10 2010-11 694 600 693 783 633 33.52 24.54 27.08 31.43 39.92

Source: Computed from Annual Report From the above table, it could be observed that the growth of premium is increased from year to year. In 2010-11 period premium received was increased. During 2007-08 the premium received was very low when compared to other study periods.

Fire Policy
45 40 35 30

Growth

25 20 15 10 5 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.2. Marine Cargo The premium received for Marine Cargo is being presented in table 4.2 TABLE 4.2 Premium Received (Marine Cargo) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 531 394 395 507 455 Amount(Rs in lakhs) 6.43 5.65 5.72 7.38 8.50

Source: Computed from Annual Report From the above table, it could be observed that the growth of Marine Cargo premium is increased from year to year. The premium received was high during 2010-11 and low during 2008-2009.

Marine Cargo
9 8 7 6

Growth

5 4 3 2 1 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.3. Motor The premium received for Motor is being presented in table 4.3

TABLE 4.3 Premium Received (Motor) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 6609 7662 7657 7822 8411 Amount(Rs in lakhs) 356.90 380.58 358.64 444.49 524.63

Source: Computed from Annual Report From the above table, it could be observed that the growth of Motor premium is increased from year to year. During 2010-11, there was increase in premium and was decrease in 2006-07. So premium for motor was increased from year to year due to increase in usage of vehicles.

Motor
600

500

400 Growth

300

200

100

0 2006-07 2007-08 2008-09 2009-10 2010-11

4.4. Workmen Compensation The premium received for Workmen Compensation is being presented in table 4.4 TABLE 4.4 Premium Received (Workmen Compensation) Year No. Of Transactions Amount(Rs in lakhs) 2006-07 2007-08 2008-09 2009-10 2010-11 2 8 2 17 37 0.05 0.88 0.06 1.11 2.36

Source: Computed from Annual Report From the above table, it could be observed that the growth of Workmen Compensation is increased during 2010 11. In workmen compensation there was less increase from year to year. In that there was increase in 2010-11 and decrease during 2006-07

Workmen Compensation
800 700 600 500 Growth 400 300 200 100 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.5. Personal Accident The premium received for Personal Accident is being presented in table 4.5 TABLE 4.5 Premium Received (Personal Accident) Year No. Of Transactions Amount(Rs in lakhs) 2006-07 2007-08 2008-09 2009-10 2010-11 1490 1222 1380 1933 1929 15.66 17.23 19.95 28.45 36.60

Source: Computed from Annual Report It is clearly explained in the table above that rapid increase from year to year of Personal Accident premium. In 2010-11 period premium received was increased. During 2006-07 the premium received was very low when compared to other study periods.

Personal Accident
200 150 Growth 100 50 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.6. Engineering The premium received for Engineering is being presented in table 4.6 TABLE 4.6 Premium Received (Engineering) Year No. Of Transactions Amount(Rs in lakhs) 2006-07 2007-08 2008-09 2009-10 2010-11 29 34 19 14 19 3.64 4.43 2.28 0.65 0.85

Source: Computed from Annual Report From the above table and Chart, it could be observed that the growth of Engineering was decreased during 2009-11 compared to previous years. there was high

Engineering
5 4 Growth 3 2 1 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.7. Misc Traditional Business The premium received for Misc Traditional Business is being presented in table 4.7 TABLE 4.7 Premium Received (Misc Traditional Business) Year No. Of Transactions Amount(Rs in lakhs) 2006-07 2007-08 2008-09 2009-10 2010-11 80 115 215 129 115 4.95 5.71 13.67 9.68 10.04

Source: Computed from Annual Report From the above table and Chart, it could be observed that the growth of Misc Traditional Business was decreased during 2009-11 compared to previous years. There was increase during 2008-09.

Misc Traditional Business

700 600 500 400 300 200 100 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.8. Rural Sector Business The premium received for Rural Sector Business is being presented in table 4.8

TABLE 4.8 Premium Received (Rural Sector Business) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 178 250 137 136 205 Amount(Rs in lakhs) 2.93 2.28 1.41 5.56 5.30

Source: Computed from Annual Report From the above table and Chart, it could be observed that the growth of Rural sector Business was fluctuated. There was high during 2009-10 and there was low during 2008-09.

Rural Sector Business

70 60 50 40 30 20 10 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.9. Misc Non Traditional Business The premium received for Misc Non Traditional Business is being presented in table 4.9 TABLE 4.9 Premium Received (Misc Non Traditional Business) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 1123 733 663 809 743 Amount(Rs in lakhs) 14.51 16.76 15.00 15.86 16.52

Source: Computed from Annual Report From the above table, it could be observed that the growth of Misc Non Traditional Business was increased during 2010-11 compared to previous years (2008-10)

Misc Non Traditional Business

17 16.5 16 Growth 15.5 15 14.5 14 13.5 13 2006-07 2007-08 2008-09 2009-10 2010-11

2. CLAIM PAID 4.10. Fire Policy The Claim Paid for Fire Policy is being presented in table 4.10 TABLE 4.10 Claim Paid (Fire Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 01 03 05 13 07 Amount(Rs in lakhs) 0.02 1.48 22.22 10.22 3.37

Source: Computed from Annual Report From the above table, it could be observed that the claim paid for above years was fluctuated. There was increase in2008-09 and decrease during 2006-07.

Fire Policy
25 20 Growth 15 10 5 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.11. Marine Cargo The Claim Paid for Marine Cargo is being presented in table 4.11

TABLE 4.11 Claim Paid (Marine Cargo) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 4 2 Amount(Rs in lakhs) 1.59 1.15 -

Source: Computed from Annual Report From the above table, it could be observed that the claim paid for marine cargo was high during 2006-07. From 2009-2011 there is no transaction held on.

Marine Cargo
35 30 25 Growth 20 15 10 5 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.12. Motor The Claim Paid for Motor Policy is being presented in table 4.12 TABLE 4.12 Claim Paid (Motor Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 331 352 359 394 394 Amount(Rs in lakhs) 46.25 55.94 68.15 77.60 61.30

Source: Computed from Annual Report From the above table and Chart, it could be observed that the claim paid for above years was fluctuated. There was high paid during the year 2009-11 and low paid during the year2006-07.

Motor Policy
90 80 70 60 50 40 30 20 10 0 2006-07 2007-08 2008-09 2009-10 2010-11

Growth

4.13. Motor T.P The Claim Paid for Motor T.P Policy is being presented in table 4.13 TABLE 4.13 Claim Paid (Motor T.P) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 430 503 535 653 497 Amount(Rs in lakhs) 29.55 39.12 36.18 59.35 42.11

Source: Computed from Annual Report From the above table, it could be observed that the claim paid for Motor T.P was increased 2009-10. The claim paid low was during 2006-07. We can see that the claim paid for Motor T.P was fluctuated.

Motor T.P Policy

250 200 150 100 50

0 2006-07 2007-08 2008-09 2009-10 2010-11

4.14. Personal Accident The Claim Paid for Personal Accident Policy is being presented in table 4.14 TABLE 4.14 Claim Paid (Personal Accident Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 30 6 33 25 34 Amount(Rs in lakhs) 6.02 1.54 10.04 5.19 7.49

Source: Computed from Annual Report From the above table and Chart, it could be observed that the claim paid for above years was fluctuated. There was high paid during 2008-09 and low during 2007-08.

Personal Accident
12 10 Growth 8 6 4 2 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.15. Engineering The Claim Paid for Engineering Policy is being presented in table 4.15 TABLE 4.15 Claim Paid (Engineering Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 2 Amount(Rs in lakhs) 0.09 -

Source: Computed from Annual Report From the above table, it could be observed that there is no transaction held after 2007-08. In Engineering policy transaction held was only during 2007-08.

Engineering Policy
9 8 7 6 5 4 3 2 1 0 2006-07 2007-08 2008-09 2009-10 2010-11

Growth

4.16. Misc Traditional Business The Claim Paid for Misc Traditional Business Policy is being presented in table 4.16 TABLE 4.16 Claim Paid (Misc Traditional Business Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 8 5 13 7 Amount(Rs in lakhs) 0.67 1.22 4.03 1.53

Source: Computed from Annual Report From the above table and Chart, it could be observed that the claim paid is low during 2005-06 only. No transaction held during 2006-07 and high paid during 2009-10 for Misc-Traditional Business Policy.

Misc Traditional Business

4500 4000 3500 3000 2500 2000 1500 1000 500 0 2006-07 2007-08 2008-09 2009-10 2010-11

Growth

4.17. Rural Sector Business The Claim Paid for Rural Sector Business Policy is being presented in table 4.17 TABLE 4.17 Claim Paid (Rural Sector Business Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 8 6 9 5 12 Amount(Rs in lakhs) 1.51 5.16 8.18 1.07 8.18

Source: Computed from Annual Report From the above table, it could be observed that the claim paid for above years was fluctuated. There was high paid during 2008-09 and 2010-11 and there was low paid during 2009-10.

Rural Sector Business Policy

9 8 7 6 5 4 3 2 1 0 2006-07 2007-08 2008-09 2009-10 2010-11

Growth

4.18. Misc Non Traditional Business The Claim Paid for Misc Non Traditional Business Policy is being presented in table 4.18 TABLE 4.18 Claim Paid (Misc Non Traditional Business Policy) Year 2006-07 2007-08 2008-09 2009-10 2010-11 No. Of Transactions 51 77 107 137 94 Amount(Rs in lakhs) 6.71 6.81 20.28 12.83 13.50

Source: Computed from Annual Report From the above table, it could be observed that the claim paid was low during 2005-06 and very high during 2008-09 for Misc- Non Traditional Business Policy.

Misc Non Traditional Business Policy

400 350 300 Growth 250 200 150 100 50 0 2006-07 2007-08 2008-09 2009-10 2010-11

4.19 COMPARISON OF MAJOR POLICIES AND CLAIMS

Fire Received (Rs in lakhs) 33.52 0.02 1.48 22.22 10.22 3.37 444.49 524.63 358.64 380.58 55.94 68.15 77.60 61.30 46.25 24.54 27.08 31.43 39.92 lakhs) 356.90 in lakhs) (Rs in in lakhs) (Rs in lakhs) 15.66 17.23 19.95 28.45 36.60 Paid (Rs Received Received Paid (Rs

Motor

Personal Accident Paid (Rs in lakhs) 6.02 1.54 10.04 5.19 7.49

Year

2006-07

2007-08

2008-09

2009-10

2010-11