Standalone Health Insurers — Full Comparison
All 7 IRDAI-registered standalone health insurers, compared across all available metrics. Sorted by GWP (scale indicator — not a performance rank). Source: IRDAI public disclosures.
Latest available period shown per metric. "—" = data not yet extracted.
| Metric | Star Health | Care Health | ABHI | Niva Bupa | ManipalCigna | Galaxy Health | Narayana Health Insurance |
|---|---|---|---|---|---|---|---|
| GWP (₹ cr) | 4,287 Q1 FY26-27 | 2,927 Q1 FY26-27 | 2,356 Q1 FY26-27 | 2,150 Q1 FY26-27 | 704 Q1 FY26-27 | 17 FY24-25 | 2 FY24-25 |
| ICR (%) | 68.03% Q1 FY26-27 | 77.00% Q1 FY26-27 | 84.00% Q1 FY26-27 | 78.82% Q1 FY26-27 | 80.00% Q1 FY26-27 | 59.82% Q1 FY26-27 | 219.00% Q1 FY26-27 |
| Solvency | 2.09× Q1 FY26-27 | 1.58× Q1 FY26-27 | 1.58× Q1 FY26-27 | 2.25× Q1 FY26-27 | 1.93× Q1 FY26-27 | 3.95× Q1 FY26-27 | 1.67× Q1 FY26-27 |
| Combined Ratio | 100.02% Q1 FY26-27 | 111.00% Q1 FY26-27 | 110.00% Q1 FY26-27 | 118.06% Q1 FY26-27 | 111.00% Q1 FY26-27 | 152.96% Q1 FY26-27 | 259.00% Q1 FY26-27 |
| CSR (%) | — | — | — | — | — | — | — |
ICR = incurred claim ratio (net). Solvency minimum 1.5× (IRDAI). CSR = claim settlement ratio. GWP = gross written premium (size indicator, not performance).Health insurer summary → ·Health insurer rankings →