Factuary

Narayana Health Insurance Insurance Data

healthRegistration number unverified

Standalone health insurer associated with Narayana Health hospital network.

HQ: Bengaluru
Website ↗
IRDAI Disclosures ↗
Provenance note: The IRDAI registration number for this insurer is not yet verified from the official IRDAI registry. Data is published as filed, but treat with care for regulatory comparisons.

Narayana Health Insurance is a health insurance company licensed by IRDAI. Its solvency ratio of 1.67× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 5th among 7 health insurers. The company reported gross written premium of ₹2 crore in FY24-25, ranking 7th by premium among 7 health insurers. Its incurred claim ratio of 219.0% in Q1 FY26-27 is above the health insurer median of 78.8%, ranking 7th among 7 health insurers. Its combined ratio of 259.0% in Q1 FY26-27 is above 100%.

Peer rank among health insurers with data for that metric. Not shown when fewer than 3 peers have data.

A snapshot, not a time series — see Underwriting Performance, Revenue Mix and Distribution Mix for how these move quarter to quarter.

How to read this page

GWP — Gross Written Premium: total premium underwritten, including any reinsurance accepted.
GDPI — Gross Direct Premium Income: premium from direct business only. Insurers disclose both; they are not the same number.
ICR — Incurred Claims Ratio: net incurred claims ÷ net earned premium.
Commission ratio — net commission paid ÷ net written premium.
Combined ratio — (incurred claims + expenses + commission) ÷ net earned premium. Below 100% means an underwriting profit, before investment income.
Solvency ratio — available solvency margin ÷ required solvency margin. IRDAI's regulatory minimum is 1.50×.

This page shows figures in ₹ crore; the detail pages it links to (Underwriting Performance, Distribution Mix) show the same facts in ₹ lakh as filed. Where a filing for a given period couldn't be located, this site says "Not disclosed" rather than estimating.

GWP, FY24-25
₹2 cr
GDPI, Q1 FY26-27
₹26 cr
Gross Direct Premium Income

Narayana Health Insurance: Hybrid business — Health, Personal Accident and Travel together — made up 100.0% of gross direct premium in Q1 FY26-27; Brokers carried 100.0% of premium in Q1 FY26-27.

Line of business — Q1 FY26-27 (₹ crore, % of GDPI)

Retail: bought directly by an individual (Motor). Hybrid: designed for individuals but sold in a group structure (Health, Personal Accident, Travel). Commercial: the end beneficiary is a business (Fire, Marine, Engineering, Liability, Aviation, Crop, Credit and other specialty lines).

SegmentGross direct premiumShare
Hybrid₹26 cr100.0%
Grand total₹26 cr100%

Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — see Underwriting Performance for the full per-segment detail this rolls up from.

Channel mix — Q1 FY26-27 (₹ crore, % of premium)

ChannelPremiumShare
Brokers₹17 cr100.0%
Total₹17 cr100%

Regrouped from IRDAI Form NL-36's finer channel list — Agents/POSP = Individual agents + Point of Sales Persons; Others = Micro agents, Common Service Centres, Insurance Marketing Firms, MISP, Web aggregators and Referral arrangements. See Distribution Mix for the full unrounded breakdown.

Full data, every metric

Premium

gross written premium₹2 croreFY24-25Statement-7

Solvency

solvency ratio1.67×Q1 FY26-27NL-26-SOLVENCY-MARGIN

Solvency Margin

available solvency margin₹8,328 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN
required solvency margin₹5,000 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN

Claim Settlement

claim settlement ratio91.7%FY24-25Handbook-Table-53

Incurred Claims

incurred claims ratio219.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Combined Ratio

combined ratio259.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Expense Ratio

expense ratio to gross premium39.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
expense ratio40.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Financial Position

profit after tax₹-20 croreQ1 FY26-27NL-2-B-PL
profit before tax₹-20 croreQ1 FY26-27NL-2-B-PL

Underwriting

net retention ratio96.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net commission ratio1.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
investment income ratio1.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net earning ratio-80.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
underwriting balance ratio-220.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
operating profit ratio-2.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium to net worth ratio32.00×Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Growth

net worth growth rate2.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium growth rate1,007.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Distribution by Channel

Corporate Agents – Banks premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Referral Arrangements policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Referral Arrangements premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers policies27Q1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
MISP (Direct) policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) premium₹0 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers premium₹1,651 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Micro Agents policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents policies0Q1 FY26-27NL-36-BUSINESS-CHANNELS
Other premium₹0 lakhFY24-25NL-36-BUSINESS-CHANNELS
Other policies0FY24-25NL-36-BUSINESS-CHANNELS

Investment Mix

other investments4,302 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
other approved securities3,542 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
government securities6,947 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
mutual funds735 INR_lakhsQ3 FY25-26NL-12-INVESTMENT-SCHEDULE

Investment Exposure Norms

govt + approved securities71.0%Q1 FY26-27NL-28B-EXPOSURE-NORMS
central govt. securities47.0%Q1 FY26-27NL-28B-EXPOSURE-NORMS

Investment NPA

gross npa ratio0.00%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
npa provision coverage0.0%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
gross npa (amount)0 INR_lakhsQ1 FY26-27NL-30-NON-PERFORMING-ASSETS

Investment Yield

gross yield (quarterly)1.47%Q1 FY26-27NL-31-INVESTMENT-INCOME
net yield (quarterly)1.47%Q1 FY26-27NL-31-INVESTMENT-INCOME
net yield (annualized)6.28%Q4 FY25-26NL-31-INVESTMENT-INCOME
gross yield (annualized)6.28%Q4 FY25-26NL-31-INVESTMENT-INCOME

Revenue Mix by Segment

health segment premium₹2,625 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE

Other Claims

claims repudiation ratio0.00%FY24-25Handbook-Table-53
claims paid to provisioned ratio0.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Per Share

earnings per share₹-1.85Q4 FY25-26NL-20-ANALYTICAL-RATIOS
book value per share₹7.64Q4 FY25-26NL-20-ANALYTICAL-RATIOS

Balance Sheet

technical reserves to premium ratio2.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Other

health incurred claims ratio219.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health combined ratio259.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

Compare & Reports

Narayana Health Insurance financial performance — quarterly ratios →

Narayana Health Insurance distribution mix — by channel →

Compare Narayana Health Insurance against another health insurer →

Machine-readable: Narayana Health Insurance facts as JSON · all facts as CSV