Star Health Insurance — Underwriting Performance

Star Health Insurance: Health led at 99.2% of gross direct premium (₹4,25,462 lakh) for Q1 FY26-27, per IRDAI form NL-4.

combined ratio, Q1 FY26-27
100.0%
−2.1 pts
incurred claims ratio, Q1 FY26-27
68.0%
−1.5 pts
net commission ratio, Q1 FY26-27
14.7%
−0.0 pts
expense ratio to gross premium, Q1 FY26-27
31.9%
−0.9 pts
Total gross direct premium, Q1 FY26-27
₹4,28,712 lakh
+19.2%
Largest segment, Q1 FY26-27
Health
99.2% of gross direct premium

Business mix by segment — Q1 FY26-27

ClassificationGross direct premiumShare of business
Hybrid₹4,28,712 lakh100.0%
Hybrid segments (3)
Health₹4,25,462 lakh99.2%
Personal Accident₹3,028 lakh0.7%
Travel₹222 lakh0.1%
Grand total₹4,28,712 lakh100%

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

SegmentQ1 FY26-27Q4 FY25-26Q3 FY25-26Q2 FY25-26% of total, Q1 FY26-27
Fire GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Marine Cargo GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Marine Hull GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Motor OD GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Motor TP GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Health GDP₹4,25,462 lakh₹5,91,689 lakh₹4,57,826 lakh₹4,37,366 lakh99.2%
Personal Accident GDP₹3,028 lakh₹5,020 lakh₹4,434 lakh₹4,127 lakh0.7%
Travel GDP₹222 lakh₹113 lakh₹140 lakh₹221 lakh0.1%
Workmen's Comp. GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Liability GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Engineering GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Aviation GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Crop GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Other GDPNot disclosedNot disclosedNot disclosedNot disclosed—
Total gross direct premium₹4,28,712 lakh₹5,96,822 lakh₹4,62,400 lakh₹4,41,714 lakh100%

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

SegmentICRCombined ratio
Health68.1%100.2%
Personal Accident56.1%80.2%
Travel6.7%95.4%

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
Star Health Insurance
Regulatory form
NL-4-PREMIUM-SCHEDULE · what this form contains
Reporting period
Q1 FY26-27
Source document
pdfs/star-health/2026-2027_Q1_PD_FY_27_Q1_V2_6aad7ae1f8.pdf · Star Health Insurance's disclosure page
Extracted by
irw_adapter v1
Last verified
2026-10-25
Note
NL-4 segment GDP, for the quarter (sum=428,712 vs Grand Total=428712.0)