Niva Bupa Health Insurance vs Star Health Insurance: IRDAI Data Comparison
Health insurer comparison · Source: IRDAI public disclosures ·How to read this comparison
| Metric | Niva Bupa Health Insurance | Star Health Insurance | Period |
|---|---|---|---|
| incurred claims ratio | 78.8 % | 68.0 % | Q1 FY26-27 |
| Direct Business – Officers/Employees premium(size) | 26752 ₹ lakh | 24619 ₹ lakh | Q1 FY26-27 / Q3 FY25-26 |
| Common Service Centres (CSC) policies(size) | 8 count | 646 count | Q1 FY26-27 |
| travel segment premium(size) | 487 ₹ lakh | 222 ₹ lakh | Q1 FY26-27 |
| Insurance Marketing Firm policies(size) | 3691 count | 913 count | Q1 FY26-27 |
| personal accident segment premium(size) | 2609 ₹ lakh | 3028 ₹ lakh | Q1 FY26-27 |
| Direct Business – Officers/Employees policies(size) | 95888 count | 192467 count | Q1 FY26-27 / Q3 FY25-26 |
| Web Aggregators policies(size) | 1459 count | 1154 count | Q1 FY26-27 |
| combined ratio | 118.1 % | 100.0 % | Q1 FY26-27 |
| net commission ratio(size) | 16.7 % | 14.7 % | Q1 FY26-27 |
| Brokers policies(size) | 214415 count | 96094 count | Q1 FY26-27 |
| underwriting balance ratio | -24.0 % | 3.0 % | Q1 FY26-27 |
| operating profit ratio | -15.6 % | 7.9 % | Q1 FY26-27 |
| Individual Agents premium(size) | 69607 ₹ lakh | 358240 ₹ lakh | Q1 FY26-27 |
| net NPA ratio | 0.00 % | 0.00 % | Q1 FY26-27 / Q2 FY24-25 |
| health segment premium(size) | 211900 ₹ lakh | 425462 ₹ lakh | Q1 FY26-27 |
| available solvency margin(size) | 323822 ₹ lakh | 765423 ₹ lakh | Q1 FY26-27 |
| book value per share(size) | 16.75 ₹ | 134.93 ₹ | Q1 FY26-27 |
| personal accident incurred claims ratio | 39.6 % | 56.1 % | Q1 FY26-27 |
| profit before tax(size) | -179 ₹ crore | 469 ₹ crore | Q1 FY26-27 |
| Corporate Agents – Banks policies(size) | 100772 count | 31416 count | Q1 FY26-27 |
| health combined ratio | 118.7 % | 100.2 % | Q1 FY26-27 |
| govt + approved securities(size) | 31.8 % | 35.8 % | Q1 FY26-27 |
| other approved securities(size) | 102138 INR_lakhs | 589075 INR_lakhs | Q1 FY26-27 |
| Brokers premium(size) | 59096 ₹ lakh | 19420 ₹ lakh | Q1 FY26-27 |
| gross direct premium to net worth ratio(size) | 69.00 × | 54.00 × | Q1 FY26-27 |
| Common Service Centres (CSC) premium(size) | 1 ₹ lakh | 67 ₹ lakh | Q1 FY26-27 |
| health incurred claims ratio | 79.5 % | 68.1 % | Q1 FY26-27 |
| infrastructure & housing(size) | 276625 INR_lakhs | 179220 INR_lakhs | Q1 FY26-27 |
| Point of Sales Person (Direct) policies(size) | 586 count | 16 count | Q1 FY26-27 |
| Corporate Agents – Others policies(size) | 10635 count | 4947 count | Q1 FY26-27 |
| required solvency margin(size) | 144015 ₹ lakh | 365691 ₹ lakh | Q1 FY26-27 |
| Direct Business – Online policies(size) | 2108 count | -29017 count | Q1 FY26-27 / Q3 FY25-26 |
| expense ratio | 44.9 % | 32.0 % | Q1 FY26-27 |
| Corporate Agents – Others premium(size) | 16000 ₹ lakh | 2862 ₹ lakh | Q1 FY26-27 |
| gross direct premium growth rate(size) | 31.8 % | 19.2 % | Q1 FY26-27 |
| Corporate Agents – Banks premium(size) | 41712 ₹ lakh | 10955 ₹ lakh | Q1 FY26-27 |
| Insurance Marketing Firm premium(size) | 1130 ₹ lakh | 219 ₹ lakh | Q1 FY26-27 |
| solvency ratio | 2.25 × | 2.09 × | Q1 FY26-27 |
| personal accident combined ratio | 79.3 % | 80.2 % | Q1 FY26-27 |
| Direct Business – Online premium(size) | 240 ₹ lakh | 11529 ₹ lakh | Q1 FY26-27 / Q3 FY25-26 |
| Web Aggregators premium(size) | 347 ₹ lakh | 245 ₹ lakh | Q1 FY26-27 |
| net earning ratio | -8.0 % | 8.5 % | Q1 FY26-27 |
| gross written premium(size) | 2150 ₹ crore | 4287 ₹ crore | Q1 FY26-27 |
| profit after tax(size) | -134 ₹ crore | 349 ₹ crore | Q1 FY26-27 |
| mutual funds(size) | 42900 INR_lakhs | 189844 INR_lakhs | Q1 FY26-27 |
| net retention ratio(size) | 78.3 % | 95.4 % | Q1 FY26-27 |
| housing & infrastructure(size) | 38.4 % | 13.5 % | Q1 FY26-27 |
| technical reserves to premium ratio(size) | 2.7 % | 277.6 % | Q1 FY26-27 |
| gross NPA ratio | 0.00 % | 0.00 % | Q1 FY26-27 / Q2 FY24-25 |
| claims paid to provisioned ratio(size) | 85.6 % | 61.4 % | Q1 FY26-27 |
| travel combined ratio | 89.1 % | 95.4 % | Q1 FY26-27 |
| expense ratio to gross premium | 35.1 % | 31.9 % | Q1 FY26-27 |
| equity & preference shares(size) | 961 INR_lakhs | 123067 INR_lakhs | Q1 FY26-27 |
| central govt. securities(size) | 20.2 % | 25.6 % | Q1 FY26-27 |
| government securities(size) | 214211 INR_lakhs | 764118 INR_lakhs | Q1 FY26-27 |
| gross npa (amount) | 0 INR_lakhs | 0 INR_lakhs | Q1 FY26-27 |
| Individual Agents policies(size) | 250360 count | 1680917 count | Q1 FY26-27 |
| other investments(size) | 28871 INR_lakhs | 202580 INR_lakhs | Q1 FY26-27 |
| Point of Sales Person (Direct) premium(size) | 111 ₹ lakh | 1 ₹ lakh | Q1 FY26-27 |
| net worth growth rate(size) | 3.7 % | 4.7 % | Q1 FY26-27 |
| investment income ratio | 1.8 % | 1.6 % | Q1 FY26-27 |
| travel incurred claims ratio | -7.9 % | 6.7 % | Q1 FY26-27 |
| claims repudiation ratio | 7.30 % | 12.33 % | FY24-25 |
| claim settlement ratio | 90.6 % | 78.5 % | FY24-25 |
Values shown as reported. This platform does not rate or rank insurers. Source: IRDAI public disclosures.