ManipalCigna Health Insurance — Underwriting Performance
ManipalCigna Health Insurance: Health led at 97.7% of gross direct premium (₹68,806 lakh) for Q1 FY26-27, per IRDAI form NL-4.
Business mix by segment — Q1 FY26-27
| Classification | Gross direct premium | Share of business | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hybrid | ₹70,430 lakh | 100.0% | |||||||||
Hybrid segments (3)
| |||||||||||
| Grand total | ₹70,430 lakh | 100% | |||||||||
Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — click through to the full per-segment breakdown below for the underlying filed detail, or the combined ratio & ICR by segment table further down for each segment's own profitability ratios.
Gross direct premium by segment — full detail, Q2 FY25-26 to Q1 FY26-27
| Segment | Q1 FY26-27 | Q4 FY25-26 | Q3 FY25-26 | Q2 FY25-26 | % of total, Q1 FY26-27 |
|---|---|---|---|---|---|
| Fire GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Marine Cargo GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Marine Hull GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Motor OD GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Motor TP GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Health GDP | ₹68,806 lakh | ₹65,725 lakh | ₹56,884 lakh | ₹41,934 lakh | 97.7% |
| Personal Accident GDP | ₹1,547 lakh | ₹968 lakh | ₹1,020 lakh | ₹1,390 lakh | 2.2% |
| Travel GDP | ₹77 lakh | ₹61 lakh | ₹70 lakh | ₹45 lakh | 0.1% |
| Workmen's Comp. GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Liability GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Engineering GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Aviation GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Crop GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Other GDP | Not disclosed | Not disclosed | Not disclosed | Not disclosed | — |
| Total gross direct premium | ₹70,430 lakh | ₹66,754 lakh | ₹57,974 lakh | ₹43,369 lakh | 100% |
Gross direct premium (not net earned premium) per IRDAI Form NL-4 (Premium Schedule), "for the quarter" column — these are standalone quarterly amounts, not running year-to-date totals. Segment-level net incurred claims in absolute rupees aren't shown here: IRDAI's segment-level claims filing (Form NL-5) hasn't been extracted for this insurer yet — see the combined ratio & ICR table below for the ratio form of this, sourced from NL-20.
Combined ratio & ICR by segment — Q1 FY26-27
| Segment | ICR | Combined ratio |
|---|---|---|
| Health | 81.0% | 112.0% |
| Personal Accident | 40.0% | 71.0% |
| Travel | 29.0% | 71.0% |
Per IRDAI Form NL-20 (Analytical Ratios Schedule)'s own segmental breakdown, latest quarter only — this granularity isn't reliably available as a multi-quarter trend across insurers. Combined ratio here can legitimately differ from a simple "ICR + expense" sum when a segment's own expense-to-net-written-premium ratio is unusually negative or positive for the quarter — reported exactly as filed, not recalculated.
Provenance (Health GDP, latest quarter)
- Reported by
- ManipalCigna Health Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/manipal-cigna/07769dc0-e6ad-701d-f5b8-7716ee328184.pdf · ManipalCigna Health Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=70,430 vs Grand Total=70430.0)