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Narayana Health Insurance vs Star Health Insurance: IRDAI Data Comparison

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

MetricNarayana Health InsuranceStar Health InsurancePeriod
Corporate Agents – Banks premium(size)0 ₹ lakh10955 ₹ lakhQ1 FY26-27
Insurance Marketing Firm premium(size)0 ₹ lakh219 ₹ lakhQ1 FY26-27
available solvency margin(size)8328 ₹ lakh765423 ₹ lakhQ1 FY26-27
net retention ratio(size)96.0 %95.4 %Q1 FY26-27
govt + approved securities(size)71.0 %35.8 %Q1 FY26-27
Common Service Centres (CSC) premium(size)0 ₹ lakh67 ₹ lakhQ1 FY26-27
net commission ratio(size)1.0 %14.7 %Q1 FY26-27
combined ratio259.0 %100.0 %Q1 FY26-27
health incurred claims ratio219.0 %68.1 %Q1 FY26-27
net worth growth rate(size)2.0 %4.7 %Q1 FY26-27
gross npa ratio0.00 %0.00 %Q1 FY26-27
profit after tax(size)-20 ₹ crore349 ₹ croreQ1 FY26-27
net earning ratio-80.0 %8.5 %Q1 FY26-27
required solvency margin(size)5000 ₹ lakh365691 ₹ lakhQ1 FY26-27
underwriting balance ratio-220.0 %3.0 %Q1 FY26-27
expense ratio to gross premium39.0 %31.9 %Q1 FY26-27
npa provision coverage0.0 %0.0 %Q1 FY26-27
gross direct premium growth rate(size)1007.0 %19.2 %Q1 FY26-27
other investments(size)4302 INR_lakhs202580 INR_lakhsQ1 FY26-27
Corporate Agents – Banks policies(size)0 count31416 countQ1 FY26-27
technical reserves to premium ratio(size)2.4 %277.6 %Q1 FY26-27
investment income ratio1.0 %1.6 %Q1 FY26-27
Web Aggregators premium(size)0 ₹ lakh245 ₹ lakhQ1 FY26-27
central govt. securities(size)47.0 %25.6 %Q1 FY26-27
Corporate Agents – Others policies(size)0 count4947 countQ1 FY26-27
gross direct premium to net worth ratio(size)32.00 ×54.00 ×Q1 FY26-27
health segment premium(size)2625 ₹ lakh425462 ₹ lakhQ1 FY26-27
Corporate Agents – Others premium(size)0 ₹ lakh2862 ₹ lakhQ1 FY26-27
solvency ratio1.67 ×2.09 ×Q1 FY26-27
operating profit ratio-2.0 %7.9 %Q1 FY26-27
health combined ratio259.0 %100.2 %Q1 FY26-27
Brokers policies(size)27 count96094 countQ1 FY26-27
other approved securities(size)3542 INR_lakhs589075 INR_lakhsQ1 FY26-27
claims paid to provisioned ratio(size)0.9 %61.4 %Q1 FY26-27
Individual Agents premium(size)0 ₹ lakh358240 ₹ lakhQ1 FY26-27
Web Aggregators policies(size)0 count1154 countQ1 FY26-27
incurred claims ratio219.0 %68.0 %Q1 FY26-27
Insurance Marketing Firm policies(size)0 count913 countQ1 FY26-27
profit before tax(size)-20 ₹ crore469 ₹ croreQ1 FY26-27
Point of Sales Person (Direct) policies(size)0 count16 countQ1 FY26-27
Common Service Centres (CSC) policies(size)0 count646 countQ1 FY26-27
government securities(size)6947 INR_lakhs764118 INR_lakhsQ1 FY26-27
expense ratio40.0 %32.0 %Q1 FY26-27
Point of Sales Person (Direct) premium(size)0 ₹ lakh1 ₹ lakhQ1 FY26-27
Brokers premium(size)1651 ₹ lakh19420 ₹ lakhQ1 FY26-27
gross npa (amount)0 INR_lakhs0 INR_lakhsQ1 FY26-27
Individual Agents policies(size)0 count1680917 countQ1 FY26-27
book value per share(size)7.64 ₹134.93 ₹Q4 FY25-26 / Q1 FY26-27
mutual funds(size)735 INR_lakhs189844 INR_lakhsQ3 FY25-26 / Q1 FY26-27
claim settlement ratio91.7 %78.5 %FY24-25
claims repudiation ratio0.00 %12.33 %FY24-25
gross written premium(size)2 ₹ crore4287 ₹ croreFY24-25 / 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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Star Health Insurance
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