Niva Bupa Health Insurance — Underwriting Performance
Niva Bupa Health Insurance: Health led at 98.6% of gross direct premium (₹2,11,900 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 | ₹2,14,996 lakh | 100.0% | |||||||||
Hybrid segments (3)
| |||||||||||
| Grand total | ₹2,14,996 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 | ₹2,11,900 lakh | ₹2,84,354 lakh | ₹2,20,156 lakh | ₹1,81,672 lakh | 98.6% |
| Personal Accident GDP | ₹2,609 lakh | ₹3,319 lakh | ₹2,686 lakh | ₹2,316 lakh | 1.2% |
| Travel GDP | ₹487 lakh | ₹295 lakh | ₹285 lakh | ₹319 lakh | 0.2% |
| 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 | ₹2,14,996 lakh | ₹2,87,968 lakh | ₹2,23,127 lakh | ₹1,84,307 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 | 79.5% | 118.7% |
| Personal Accident | 39.6% | 79.3% |
| Travel | -7.9% | 89.1% |
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
- Niva Bupa Health Insurance
- Regulatory form
- NL-4-PREMIUM-SCHEDULE · what this form contains
- Reporting period
- Q1 FY26-27
- Source document
- pdfs/niva-bupa/Website-Public-Disclosures-Jun-2026.pdf · Niva Bupa Health Insurance's disclosure page
- Extracted by
- irw_adapter v1
- Last verified
- 2026-10-24
- Note
- NL-4 segment GDP, for the quarter (sum=214,996 vs Grand Total=214996.0)