Health Combined Ratio in Indian Insurance

%generalhealthRegulatory native

Definition

Segment-level combined ratio for Health, from IRDAI Form NL-20's own segmental analytical-ratios table (not the company-wide NL-20 figure). Below 100% = underwriting profitability for this segment specifically.

Note: IRDAI Form NL-20 (Analytical Ratios Schedule), segmental breakdown page, 'Current Period' row for this segment.

Source form: NL-20 ·Source documents

Lowest to Highest

Latest available value per insurer (periods range from Q4 FY25-26 – Q1 FY26-27 — see the Period column for each insurer's actual reporting date)

#InsurerHealth Combined Ratio (%)Period
1Universal Sompo General Insurance87.1Q1 FY26-27
2Shriram General Insurance96.6Q1 FY26-27
3Star Health Insurance100.2Q1 FY26-27
4Tata AIG General Insurance101.0Q1 FY26-27
5Generali Central Insurance (formerly Future Generali)103.0Q1 FY26-27
6Acko General Insurance104.5Q4 FY25-26
7Raheja QBE General Insurance105.0Q1 FY26-27
8HDFC ERGO General Insurance105.5Q1 FY26-27
9Reliance General Insurance106.0Q1 FY26-27
10Digit General Insurance108.4Q1 FY26-27
11Bajaj Allianz General Insurance108.7Q1 FY26-27
12Oriental Insurance Company109.6Q1 FY26-27
13ICICI Lombard General Insurance109.7Q1 FY26-27
14Aditya Birla Health Insurance110.0Q1 FY26-27
15Care Health Insurance111.0Q1 FY26-27
16SBI General Insurance111.6Q1 FY26-27
17ManipalCigna Health Insurance112.0Q1 FY26-27
18Royal Sundaram General Insurance112.2Q1 FY26-27
19Magma General Insurance114.7Q1 FY26-27
20Zurich Kotak General Insurance115.0Q1 FY26-27
21Niva Bupa Health Insurance118.7Q1 FY26-27
22IFFCO Tokio General Insurance121.6Q1 FY26-27
23Liberty General Insurance122.0Q1 FY26-27
24Chola MS General Insurance122.3Q1 FY26-27
25Zuno General Insurance126.0Q1 FY26-27
26New India Assurance128.1Q1 FY26-27
27United India Insurance132.0Q4 FY25-26
28National Insurance Company137.6Q1 FY26-27
29Navi General Insurance140.0Q1 FY26-27
30Galaxy Health Insurance155.2Q1 FY26-27
31Narayana Health Insurance259.0Q1 FY26-27
32Kshema General Insurance266.9Q1 FY26-27

Source: IRDAI public disclosures (NL-20). Click an insurer name for full provenance and historical data.
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