Star Health FY26 GWP Up 16% YoY, Combined Ratio 98.8%

• FY26 Gross Written Premium grew 16% YoY to ₹20,369 Cr with retail fresh GWP surging 37% YoY.
• Combined Ratio improved to 98.8% (IND AS) driven by a lower Loss Ratio, while PAT increased 16% YoY to ₹911 Cr.
• Customer base expanded to 2.8 Cr lives covered, with persistency at 99% and Company NPS improving to 62.
• Proprietary channels contributed 91% of retail fresh business, growing 38% YoY, underscoring strong direct distribution.