Galaxy Health Insurance vs Star Health Insurance: IRDAI Data Comparison
Health insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Galaxy Health Insurance | Star Health Insurance | Period |
|---|---|---|---|
| Brokers premium(size) | 2027 ₹ lakh | 19420 ₹ lakh | Q1 FY26-27 |
| health combined ratio | 155.2 % | 100.2 % | Q1 FY26-27 |
| npa provision coverage | 0.0 % | 0.0 % | Q1 FY26-27 |
| net commission ratio(size) | 13.7 % | 14.7 % | Q1 FY26-27 |
| available solvency margin(size) | 19766 ₹ lakh | 765423 ₹ lakh | Q1 FY26-27 |
| expense ratio | 93.1 % | 32.0 % | Q1 FY26-27 |
| mutual funds(size) | 646 INR_lakhs | 189844 INR_lakhs | Q1 FY26-27 |
| infrastructure & housing(size) | 7841 INR_lakhs | 179220 INR_lakhs | Q1 FY26-27 |
| personal accident incurred claims ratio | 18.8 % | 56.1 % | Q1 FY26-27 |
| Web Aggregators policies(size) | 66 count | 1154 count | Q1 FY26-27 |
| solvency ratio | 3.95 × | 2.09 × | Q1 FY26-27 |
| Point of Sales Person (Direct) premium(size) | 41 ₹ lakh | 1 ₹ lakh | Q1 FY26-27 |
| required solvency margin(size) | 5000 ₹ lakh | 365691 ₹ lakh | Q1 FY26-27 |
| Insurance Marketing Firm policies(size) | -2 count | 913 count | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 1.8 % | 277.6 % | Q1 FY26-27 |
| expense ratio to gross premium | 89.5 % | 31.9 % | Q1 FY26-27 |
| central govt. securities(size) | 39.2 % | 25.6 % | Q1 FY26-27 |
| Individual Agents premium(size) | 2484 ₹ lakh | 358240 ₹ lakh | Q1 FY26-27 |
| housing & infrastructure(size) | 25.6 % | 13.5 % | Q1 FY26-27 |
| operating profit ratio | -106.7 % | 7.9 % | Q1 FY26-27 |
| investment income ratio | 1.8 % | 1.6 % | Q1 FY26-27 |
| net retention ratio(size) | 95.4 % | 95.4 % | Q1 FY26-27 |
| combined ratio | 153.0 % | 100.0 % | Q1 FY26-27 |
| gross direct premium growth rate(size) | 398.0 % | 19.2 % | Q1 FY26-27 |
| Brokers policies(size) | 86247 count | 96094 count | Q1 FY26-27 |
| Web Aggregators premium(size) | 13 ₹ lakh | 245 ₹ lakh | Q1 FY26-27 |
| profit after tax(size) | -35 ₹ crore | 349 ₹ crore | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 3519 count | 4947 count | Q1 FY26-27 |
| Point of Sales Person (Direct) policies(size) | 339 count | 16 count | Q1 FY26-27 |
| Individual Agents policies(size) | 17164 count | 1680917 count | Q1 FY26-27 |
| personal accident combined ratio | 110.0 % | 80.2 % | Q1 FY26-27 |
| claims paid to provisioned ratio(size) | 93.0 % | 61.4 % | Q1 FY26-27 |
| health incurred claims ratio | 62.0 % | 68.1 % | Q1 FY26-27 |
| health segment premium(size) | 5795 ₹ lakh | 425462 ₹ lakh | Q1 FY26-27 |
| net worth growth rate(size) | -6.2 % | 4.7 % | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 0 INR_lakhs | Q1 FY26-27 |
| Corporate Agents – Others premium(size) | 48 ₹ lakh | 2862 ₹ lakh | Q1 FY26-27 |
| government securities(size) | 15146 INR_lakhs | 764118 INR_lakhs | Q1 FY26-27 |
| govt + approved securities(size) | 49.5 % | 35.8 % | Q1 FY26-27 |
| other investments(size) | 600 INR_lakhs | 202580 INR_lakhs | Q1 FY26-27 |
| profit before tax(size) | -35 ₹ crore | 469 ₹ crore | Q1 FY26-27 |
| incurred claims ratio | 59.8 % | 68.0 % | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 30.00 × | 54.00 × | Q1 FY26-27 |
| underwriting balance ratio | -112.7 % | 3.0 % | Q1 FY26-27 |
| Insurance Marketing Firm premium(size) | 8 ₹ lakh | 219 ₹ lakh | Q1 FY26-27 |
| personal accident segment premium(size) | 325 ₹ lakh | 3028 ₹ lakh | Q1 FY26-27 |
| book value per share(size) | 5.95 ₹ | 134.93 ₹ | Q4 FY25-26 / Q1 FY26-27 |
| net earning ratio | -40.2 % | 8.5 % | Q4 FY25-26 / Q1 FY26-27 |
| Common Service Centres (CSC) policies(size) | 14125 count | 646 count | Q3 FY25-26 / Q1 FY26-27 |
| Common Service Centres (CSC) premium(size) | 2731 ₹ lakh | 67 ₹ lakh | Q3 FY25-26 / Q1 FY26-27 |
| claim settlement ratio | 66.7 % | 78.5 % | FY24-25 |
| gross written premium(size) | 17 ₹ crore | 4287 ₹ crore | FY24-25 / Q1 FY26-27 |
| claims repudiation ratio | 17.33 % | 12.33 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.