Galaxy Health Insurance vs Niva Bupa Health Insurance: IRDAI Data Comparison
Health insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Galaxy Health Insurance | Niva Bupa Health Insurance | Period |
|---|---|---|---|
| Brokers premium(size) | 2027 ₹ lakh | 59096 ₹ lakh | Q1 FY26-27 |
| health combined ratio | 155.2 % | 118.7 % | Q1 FY26-27 |
| net commission ratio(size) | 13.7 % | 16.7 % | Q1 FY26-27 |
| available solvency margin(size) | 19766 ₹ lakh | 323822 ₹ lakh | Q1 FY26-27 |
| expense ratio | 93.1 % | 44.9 % | Q1 FY26-27 |
| mutual funds(size) | 646 INR_lakhs | 42900 INR_lakhs | Q1 FY26-27 |
| infrastructure & housing(size) | 7841 INR_lakhs | 276625 INR_lakhs | Q1 FY26-27 |
| personal accident incurred claims ratio | 18.8 % | 39.6 % | Q1 FY26-27 |
| Web Aggregators policies(size) | 66 count | 1459 count | Q1 FY26-27 |
| solvency ratio | 3.95 × | 2.25 × | Q1 FY26-27 |
| gross yield (quarterly) | 1.75 % | 1.79 % | Q1 FY26-27 |
| Point of Sales Person (Direct) premium(size) | 41 ₹ lakh | 111 ₹ lakh | Q1 FY26-27 |
| required solvency margin(size) | 5000 ₹ lakh | 144015 ₹ lakh | Q1 FY26-27 |
| Insurance Marketing Firm policies(size) | -2 count | 3691 count | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 1.8 % | 2.7 % | Q1 FY26-27 |
| expense ratio to gross premium | 89.5 % | 35.1 % | Q1 FY26-27 |
| central govt. securities(size) | 39.2 % | 20.2 % | Q1 FY26-27 |
| net yield (quarterly) | 1.31 % | 1.79 % | Q1 FY26-27 |
| Individual Agents premium(size) | 2484 ₹ lakh | 69607 ₹ lakh | Q1 FY26-27 |
| housing & infrastructure(size) | 25.6 % | 38.4 % | Q1 FY26-27 |
| operating profit ratio | -106.7 % | -15.6 % | Q1 FY26-27 |
| investment income ratio | 1.8 % | 1.8 % | Q1 FY26-27 |
| net retention ratio(size) | 95.4 % | 78.3 % | Q1 FY26-27 |
| combined ratio | 153.0 % | 118.1 % | Q1 FY26-27 |
| gross direct premium growth rate(size) | 398.0 % | 31.8 % | Q1 FY26-27 |
| Brokers policies(size) | 86247 count | 214415 count | Q1 FY26-27 |
| Web Aggregators premium(size) | 13 ₹ lakh | 347 ₹ lakh | Q1 FY26-27 |
| profit after tax(size) | -35 ₹ crore | -134 ₹ crore | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 3519 count | 10635 count | Q1 FY26-27 |
| Point of Sales Person (Direct) policies(size) | 339 count | 586 count | Q1 FY26-27 |
| Individual Agents policies(size) | 17164 count | 250360 count | Q1 FY26-27 |
| personal accident combined ratio | 110.0 % | 79.3 % | Q1 FY26-27 |
| claims paid to provisioned ratio(size) | 93.0 % | 85.6 % | Q1 FY26-27 |
| health incurred claims ratio | 62.0 % | 79.5 % | Q1 FY26-27 |
| health segment premium(size) | 5795 ₹ lakh | 211900 ₹ lakh | Q1 FY26-27 |
| net worth growth rate(size) | -6.2 % | 3.7 % | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 0 INR_lakhs | Q1 FY26-27 |
| Corporate Agents – Others premium(size) | 48 ₹ lakh | 16000 ₹ lakh | Q1 FY26-27 |
| government securities(size) | 15146 INR_lakhs | 214211 INR_lakhs | Q1 FY26-27 |
| debentures & bonds(size) | 6348 INR_lakhs | 330586 INR_lakhs | Q1 FY26-27 |
| govt + approved securities(size) | 49.5 % | 31.8 % | Q1 FY26-27 |
| other investments(size) | 600 INR_lakhs | 28871 INR_lakhs | Q1 FY26-27 |
| profit before tax(size) | -35 ₹ crore | -179 ₹ crore | Q1 FY26-27 |
| incurred claims ratio | 59.8 % | 78.8 % | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 30.00 × | 69.00 × | Q1 FY26-27 |
| underwriting balance ratio | -112.7 % | -24.0 % | Q1 FY26-27 |
| Insurance Marketing Firm premium(size) | 8 ₹ lakh | 1130 ₹ lakh | Q1 FY26-27 |
| personal accident segment premium(size) | 325 ₹ lakh | 2609 ₹ lakh | Q1 FY26-27 |
| earnings per share(size) | -3.42 ₹ | -0.72 ₹ | Q4 FY25-26 / Q1 FY26-27 |
| gross yield (annualized) | 7.91 % | 7.20 % | Q4 FY25-26 |
| book value per share(size) | 5.95 ₹ | 16.75 ₹ | Q4 FY25-26 / Q1 FY26-27 |
| net yield (annualized) | 5.92 % | 7.20 % | Q4 FY25-26 |
| net earning ratio | -40.2 % | -8.0 % | Q4 FY25-26 / Q1 FY26-27 |
| Common Service Centres (CSC) policies(size) | 14125 count | 8 count | Q3 FY25-26 / Q1 FY26-27 |
| Common Service Centres (CSC) premium(size) | 2731 ₹ lakh | 1 ₹ lakh | Q3 FY25-26 / Q1 FY26-27 |
| claim settlement ratio | 66.7 % | 90.6 % | FY24-25 |
| gross written premium(size) | 17 ₹ crore | 2150 ₹ crore | FY24-25 / Q1 FY26-27 |
| claims repudiation ratio | 17.33 % | 7.30 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.