Niva Bupa Health Insurance — Revenue Mix & Quality of Business

Niva Bupa Health Insurance's revenue mix was led by Health at 100.0% of gross direct premium for Q1 FY26-27, as reported in IRDAI form NL-4.

combined ratio, Q1 FY26-27
118.1%
+1.1 pts
incurred claims ratio, Q1 FY26-27
78.8%
+1.0 pts
net commission ratio, Q1 FY26-27
16.7%
−3.4 pts
expense ratio to gross premium, Q1 FY26-27
35.2%
−2.8 pts
Total gross direct premium, Q1 FY26-27
₹2,14,996 lakh
+31.7%
Largest line, Q1 FY26-27
Health
100.0% of gross direct premium

Revenue mix — % of gross direct premium by segment, Q2 FY25-26 to Q1 FY26-27

SegmentQ1 FY26-27Q4 FY25-26Q3 FY25-26Q2 FY25-26FY23-24FY24-25FY25-26
Fire0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Marine0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Motor0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Health100.0%100.0%100.0%100.0%100.0%100.0%100.0%
Health segments (3)
LineQ1 FY26-27FY25-26
Health₹2,11,900 lakh₹8,46,490 lakh
Personal Accident₹2,609 lakh₹10,626 lakh
Travel₹487 lakh₹1,476 lakh
Other lines0.0%0.0%0.0%0.0%0.0%0.0%0.0%

% of gross direct premium per IRDAI Form NL-4 (Premium Schedule); FY columns sum all four quarters' "for the quarter" figures and only appear for fiscal years where all four quarters are available — an incomplete year isn't shown as an annual total. Health includes Personal Accident and Travel; click a line with more than one segment to see its own breakdown (latest quarter and latest complete fiscal year only — quarterly splits for lines this small are noisy to trend). The tiles above are company-wide ratios, as filed — not segment-specific; segment-level incurred claims ratio for the largest lines (IRDAI Forms NL-5 / NL-20 segmental) hasn't been extracted for this insurer yet, so it isn't shown here rather than estimated. SeeUnderwriting Performance for the full per-segment history.