Standalone Health Insurance Companies in India — Regulatory Data
These 7 insurers are licensed exclusively to write health insurance products. Their ICR reflects health claims performance only — unlike general insurers where ICR covers all product lines.
| Insurer | Solvency (×) | GWP (₹ cr) | ICR (%) | Period |
|---|---|---|---|---|
| Star Health Insurance | 2.09 | 4287 | 68.03 | Q1 FY26-27 |
| Care Health Insurance | 1.58 | 2927 | 77.00 | Q1 FY26-27 |
| Aditya Birla Health Insurance | 1.58 | 2356 | 84.00 | Q1 FY26-27 |
| Niva Bupa Health Insurance | 2.25 | 2150 | 78.82 | Q1 FY26-27 |
| ManipalCigna Health Insurance | 1.93 | 704 | 80.00 | Q1 FY26-27 |
| Galaxy Health Insurance | 3.95 | 17 | 59.82 | Q1 FY26-27 |
| Narayana Health Insurance | 1.67 | 2 | 219.00 | Q1 FY26-27 |
Source: IRDAI public disclosures (NL-20, NL-35). Sorted by GWP descending.Health insurance overview → ·Rankings → ·All insurers →