New Delhi: Standalone well being insurer Niva Bupa Health Insurance Company Ltd on Friday reported a 67 per cent surge in internet profit to Rs 345 crore in the course of the March quarter.
The well being insurer had earned a internet profit of Rs 206 crore throughout the identical interval of 2024-25.
The corporate’s complete revenue in the course of the quarter rose to Rs 2,078 crore towards Rs 1,565 crore within the year-ago interval, Niva Bupa Health Insurance stated in a regulatory submitting.
The whole bills in the course of the interval grew to Rs 1,795 crore from Rs 1,470 crore within the corresponding interval a 12 months in the past.
Gross written premium elevated to Rs 2,880 crore in the course of the quarter beneath evaluation in contrast to Rs 2,079 crore in the identical interval a 12 months in the past.
Nonetheless, the solvency ratio declined to 2.49 as on March 31, 2026 from 3.03 on the finish of the fourth quarter of the earlier fiscal 12 months.
It additional stated the board has authorised the elevation of Ankur Kharbanda (at present designated & serving as govt director and chief enterprise officer) to the place of govt director and deputy chief govt officer efficient Could 8 primarily based on the advice of the nomination and remuneration committee.
Reflecting its concentrate on customer support and claims expertise, the corporate reported a declare settlement ratio of 94.4 per cent for FY26, an enchancment of 205 foundation factors over the earlier 12 months, Niva Bupa stated in an announcement.
The corporate continued to strengthen its place within the retail well being phase, with market share enhancing to 10.1 per cent on the shut of FY26, representing 76 foundation factors improve over FY25, it stated.
“Our market share positive aspects and enchancment in declare settlement ratio replicate the belief prospects place in us and our continued concentrate on delivering superior medical health insurance experiences,” the corporate’s MD and CEO Krishnan Ramachandran stated. PTI
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