Expense Ratio To Gross Premium in Indian Insurance

%generalhealthRegulatory native

Definition

Expense of Management as a percentage of Gross Direct Premium, from IRDAI NL-20. Alternative denominator to net written premium — gives a different perspective on cost structure.

Note: NL-20 analytical ratios. Always specify the denominator — EOM/NWP and EOM/GDP are both reported in NL-20 and produce different figures.

Source form: NL-20 ·Source documents

Lowest to Highest

Latest available value per insurer — Q1 FY26-27

#InsurerExpense Ratio To Gross Premium (%)Period
1Agriculture Insurance Company of India-129.5Q1 FY26-27
2Oriental Insurance Company15.5Q1 FY26-27
3New India Assurance16.8Q1 FY26-27
4United India Insurance27.3Q1 FY26-27
5ECGC27.6Q1 FY26-27
6SBI General Insurance28.6Q1 FY26-27
7Royal Sundaram General Insurance28.7Q1 FY26-27
8Universal Sompo General Insurance28.7Q1 FY26-27
9ICICI Lombard General Insurance28.8Q1 FY26-27
10Reliance General Insurance29.0Q1 FY26-27
11IFFCO Tokio General Insurance29.2Q1 FY26-27
12Bajaj Allianz General Insurance29.5Q1 FY26-27
13Generali Central Insurance (formerly Future Generali)29.5Q1 FY26-27
14Zuno General Insurance31.0Q1 FY26-27
15National Insurance Company31.8Q1 FY26-27
16HDFC ERGO General Insurance31.8Q1 FY26-27
17Star Health Insurance31.9Q1 FY26-27
18Tata AIG General Insurance32.0Q1 FY26-27
19ManipalCigna Health Insurance32.0Q1 FY26-27
20Magma General Insurance32.7Q1 FY26-27
21Care Health Insurance33.0Q1 FY26-27
22Shriram General Insurance33.7Q1 FY26-27
23Navi General Insurance35.0Q1 FY26-27
24Aditya Birla Health Insurance35.0Q1 FY26-27
25Niva Bupa Health Insurance35.1Q1 FY26-27
26Chola MS General Insurance36.1Q1 FY26-27
27Zurich Kotak General Insurance37.0Q1 FY26-27
28Raheja QBE General Insurance38.6Q1 FY26-27
29Digit General Insurance39.0Q1 FY26-27
30Narayana Health Insurance39.0Q1 FY26-27
31Liberty General Insurance39.0Q1 FY26-27
32Acko General Insurance43.9Q1 FY26-27
33Galaxy Health Insurance89.5Q1 FY26-27
34Kshema General Insurance170.6Q1 FY26-27

Source: IRDAI public disclosures (NL-20). Click an insurer name for full provenance and historical data.
Machine-readable: this metric as JSON · all facts as CSV