Factuary

ManipalCigna Health Insurance Net Commission Ratio

12.0%
Q1 FY26-27
Size indicator — not ranked

ManipalCigna Health Insurance's net commission ratio was 12% for Q1 FY26-27, as reported in IRDAI form NL-20-ANALYTICAL-RATIOS.

What this measures

Net commission income as a percentage of Net Written Premium. Net commission = reinsurance commission received minus commission paid to intermediaries. A positive net commission ratio means reinsurance arrangements generate more commission income than the insurer pays out to agents and brokers.

Note: NL-20 analytical ratios. A negative ratio means the insurer pays out more in distribution costs than it recovers from reinsurers.

Historical Data

PeriodValueSource formData as of
Q1 FY26-2712.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY25-2616.0 %NL-20-ANALYTICAL-RATIOS2026-10-31
Q3 FY25-2616.0 %NL-20-ANALYTICAL-RATIOS2026-10-28
Q2 FY25-2615.0 %NL-20-ANALYTICAL-RATIOS2026-10-28
Q1 FY25-2613.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY24-2518.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q3 FY24-2519.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q2 FY24-2523.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q1 FY24-2521.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY23-2421.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q3 FY23-2419.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q2 FY23-2418.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q1 FY23-2415.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q4 FY22-2311.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q3 FY21-2211.0 %NL-20-ANALYTICAL-RATIOS2026-10-25
Q2 FY21-2211.0 %NL-20-ANALYTICAL-RATIOS2026-10-25

Provenance

Reported by
ManipalCigna Health Insurance
Regulatory form
NL-20-ANALYTICAL-RATIOS · what this form contains
Reporting period
Q1 FY26-27
Source document
07769dc0-e6ad-701d-f5b8-7716ee328184.pdf · ManipalCigna Health Insurance's disclosure page
Extracted by
irw_adapter v1
Last verified
2026-10-25
Note
NL-20 row-format label match: net_commission_ratio
← All metrics for ManipalCigna Health Insurancenet commission ratio across all insurers →Source documents