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Narayana Health Insurance vs Niva Bupa Health Insurance: IRDAI Data Comparison

Health insurer comparison · Source: IRDAI public disclosures ·How to read this comparison

MetricNarayana Health InsuranceNiva Bupa Health InsurancePeriod
Corporate Agents – Banks premium(size)0 ₹ lakh41712 ₹ lakhQ1 FY26-27
Insurance Marketing Firm premium(size)0 ₹ lakh1130 ₹ lakhQ1 FY26-27
available solvency margin(size)8328 ₹ lakh323822 ₹ lakhQ1 FY26-27
net retention ratio(size)96.0 %78.3 %Q1 FY26-27
govt + approved securities(size)71.0 %31.8 %Q1 FY26-27
Common Service Centres (CSC) premium(size)0 ₹ lakh1 ₹ lakhQ1 FY26-27
net commission ratio(size)1.0 %16.7 %Q1 FY26-27
gross yield (quarterly)1.47 %1.79 %Q1 FY26-27
combined ratio259.0 %118.1 %Q1 FY26-27
health incurred claims ratio219.0 %79.5 %Q1 FY26-27
net worth growth rate(size)2.0 %3.7 %Q1 FY26-27
Micro Agents premium(size)0 ₹ lakh0 ₹ lakhQ1 FY26-27
profit after tax(size)-20 ₹ crore-134 ₹ croreQ1 FY26-27
net earning ratio-80.0 %-8.0 %Q1 FY26-27
required solvency margin(size)5000 ₹ lakh144015 ₹ lakhQ1 FY26-27
underwriting balance ratio-220.0 %-24.0 %Q1 FY26-27
expense ratio to gross premium39.0 %35.1 %Q1 FY26-27
gross direct premium growth rate(size)1007.0 %31.8 %Q1 FY26-27
MISP (Direct) premium(size)0 ₹ lakh0 ₹ lakhQ1 FY26-27
other investments(size)4302 INR_lakhs28871 INR_lakhsQ1 FY26-27
Corporate Agents – Banks policies(size)0 count100772 countQ1 FY26-27
technical reserves to premium ratio(size)2.4 %2.7 %Q1 FY26-27
Referral Arrangements policies(size)0 count0 countQ1 FY26-27
Referral Arrangements premium(size)0 ₹ lakh0 ₹ lakhQ1 FY26-27
investment income ratio1.0 %1.8 %Q1 FY26-27
Web Aggregators premium(size)0 ₹ lakh347 ₹ lakhQ1 FY26-27
central govt. securities(size)47.0 %20.2 %Q1 FY26-27
Corporate Agents – Others policies(size)0 count10635 countQ1 FY26-27
gross direct premium to net worth ratio(size)32.00 ×69.00 ×Q1 FY26-27
health segment premium(size)2625 ₹ lakh211900 ₹ lakhQ1 FY26-27
Corporate Agents – Others premium(size)0 ₹ lakh16000 ₹ lakhQ1 FY26-27
solvency ratio1.67 ×2.25 ×Q1 FY26-27
operating profit ratio-2.0 %-15.6 %Q1 FY26-27
health combined ratio259.0 %118.7 %Q1 FY26-27
Brokers policies(size)27 count214415 countQ1 FY26-27
other approved securities(size)3542 INR_lakhs102138 INR_lakhsQ1 FY26-27
claims paid to provisioned ratio(size)0.9 %85.6 %Q1 FY26-27
Individual Agents premium(size)0 ₹ lakh69607 ₹ lakhQ1 FY26-27
Web Aggregators policies(size)0 count1459 countQ1 FY26-27
incurred claims ratio219.0 %78.8 %Q1 FY26-27
Insurance Marketing Firm policies(size)0 count3691 countQ1 FY26-27
MISP (Direct) policies(size)0 count0 countQ1 FY26-27
profit before tax(size)-20 ₹ crore-179 ₹ croreQ1 FY26-27
Point of Sales Person (Direct) policies(size)0 count586 countQ1 FY26-27
Common Service Centres (CSC) policies(size)0 count8 countQ1 FY26-27
government securities(size)6947 INR_lakhs214211 INR_lakhsQ1 FY26-27
expense ratio40.0 %44.9 %Q1 FY26-27
Point of Sales Person (Direct) premium(size)0 ₹ lakh111 ₹ lakhQ1 FY26-27
Brokers premium(size)1651 ₹ lakh59096 ₹ lakhQ1 FY26-27
Micro Agents policies(size)0 count0 countQ1 FY26-27
gross npa (amount)0 INR_lakhs0 INR_lakhsQ1 FY26-27
Individual Agents policies(size)0 count250360 countQ1 FY26-27
net yield (quarterly)1.47 %1.79 %Q1 FY26-27
net yield (annualized)6.28 %7.20 %Q4 FY25-26
earnings per share(size)-1.85 ₹-0.72 ₹Q4 FY25-26 / Q1 FY26-27
gross yield (annualized)6.28 %7.20 %Q4 FY25-26
book value per share(size)7.64 ₹16.75 ₹Q4 FY25-26 / Q1 FY26-27
mutual funds(size)735 INR_lakhs42900 INR_lakhsQ3 FY25-26 / Q1 FY26-27
claim settlement ratio91.7 %90.6 %FY24-25
claims repudiation ratio0.00 %7.30 %FY24-25
gross written premium(size)2 ₹ crore2150 ₹ croreFY24-25 / Q1 FY26-27
Other premium(size)0 ₹ lakh0 ₹ lakhFY24-25 / Q1 FY26-27
Other policies(size)0 count0 countFY24-25 / Q1 FY26-27

Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.

Individual profiles

Narayana Health Insurance
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Niva Bupa Health Insurance
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