Health Incurred Claims Ratio in Indian Insurance

%generalhealthRegulatory native

Definition

Segment-level net incurred claims ratio for Health, from IRDAI Form NL-20's own segmental analytical-ratios table (not the company-wide NL-20 figure).

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 Incurred Claims Ratio (%)Period
1Acko General Insurance56.3Q4 FY25-26
2Galaxy Health Insurance62.0Q1 FY26-27
3Star Health Insurance68.1Q1 FY26-27
4Universal Sompo General Insurance71.0Q1 FY26-27
5Generali Central Insurance (formerly Future Generali)71.0Q1 FY26-27
6Raheja QBE General Insurance77.0Q1 FY26-27
7Zurich Kotak General Insurance77.0Q1 FY26-27
8Care Health Insurance78.0Q1 FY26-27
9Niva Bupa Health Insurance79.5Q1 FY26-27
10ManipalCigna Health Insurance81.0Q1 FY26-27
11Tata AIG General Insurance82.0Q1 FY26-27
12Aditya Birla Health Insurance85.0Q1 FY26-27
13ICICI Lombard General Insurance86.0Q1 FY26-27
14SBI General Insurance88.2Q1 FY26-27
15Digit General Insurance88.7Q1 FY26-27
16Magma General Insurance88.9Q1 FY26-27
17Reliance General Insurance90.2Q1 FY26-27
18HDFC ERGO General Insurance90.8Q1 FY26-27
19Bajaj Allianz General Insurance90.9Q1 FY26-27
20Kshema General Insurance94.0Q1 FY26-27
21Shriram General Insurance94.5Q1 FY26-27
22Oriental Insurance Company95.5Q1 FY26-27
23IFFCO Tokio General Insurance97.5Q1 FY26-27
24Liberty General Insurance99.0Q1 FY26-27
25Zuno General Insurance99.0Q1 FY26-27
26Royal Sundaram General Insurance100.2Q1 FY26-27
27Chola MS General Insurance103.6Q1 FY26-27
28United India Insurance103.9Q4 FY25-26
29National Insurance Company105.3Q1 FY26-27
30New India Assurance107.7Q1 FY26-27
31Navi General Insurance109.0Q1 FY26-27
32Narayana Health Insurance219.0Q1 FY26-27

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