Niva Bupa Health Insurance Company Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027). The company reported strong financial performance with significant growth across key metrics.
Financial Performance
- Profit After Tax (PAT) of ₹138 crore, representing 93% year-on-year growth
- Gross Written Premium (GWP) of ₹2,150 crore, showing 32% year-on-year growth
Market Position and Business Performance
- Retail health business grew by 47% year-on-year
- Retail Health Market Share increased to 11.1%
- Company maintains position as one of India's leading standalone health insurers
Operational Metrics
- Claim Settlement Ratio improved to 95.6% during the quarter
- Combined Insurance Service Ratio (CISR) improved to 100.2% from 103.2% in Q1 of the previous financial year
Distribution Channel Performance
- Direct Business emerged as the fastest-growing channel
- Agency channel showed robust growth
- Bancassurance remained an important contributor to the diversified distribution strategy
Management Commentary
Vishwanath Mahendra, Executive Director & Chief Finance Officer, stated that the performance reflects the strength of the company's long-term strategy centered on profitable growth, customer trust, and disciplined execution. He highlighted that customers are increasingly choosing Niva Bupa for dependable health insurance solutions and emphasized the effectiveness of the omnichannel distribution strategy.
Company Background
As of June 30, 2026, Niva Bupa had:
- Over 210 physical branches across India
- Ecosystem partners including 2.5 lakh agents, over 600 brokers, and over 130 Banca & Other Corporate Agency Partners
- Over 26 million lives covered
- Over 10,600 hospitals empanelled in its hospital network
- Over 10,500 employees
- Certified Great Place to Work six times in a row
- Consistently maintained 90%+ claim settlement ratio over the last 5 financial years