National Insurance Company is a general insurance company licensed by IRDAI (registration number 058). Its solvency ratio of -1.22× as of Q1 FY26-27 is below the IRDAI mandatory minimum of 1.5×, ranking 25th among 27 general insurers. The company reported gross written premium of ₹16833 crore in FY25-03, ranking 7th by premium among 26 general insurers. Its incurred claim ratio of 98.9% in Q1 FY26-27 is above the general insurer median of 85.6%, ranking 22nd among 27 general insurers. Its combined ratio of 134.4% in Q1 FY26-27 is above 100%.
Peer rank among general 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, FY25-03
₹16,833 cr
GDPI, Q1 FY26-27
₹4,217 cr
Gross Direct Premium Income
National Insurance Company: Hybrid business — Health, Personal Accident and Travel together — made up 45.0% of gross direct premium in Q1 FY26-27; Brokers carried 41.0% 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).
Segment
Gross direct premium
Share
Retail
₹1,350 cr
32.0%
Hybrid
₹1,896 cr
45.0%
Commercial
₹971 cr
23.0%
Grand total
₹4,217 cr
100%
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)
Channel
Premium
Share
Brokers
₹1,722 cr
41.0%
Agents/POSP
₹1,602 cr
38.1%
Direct non-website
₹853 cr
20.3%
Banks
₹12 cr
0.3%
Corporate Agents
₹9 cr
0.2%
Others
₹5 cr
0.1%
Total
₹4,203 cr
100%
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.