Niva Bupa Health Insurance coverage Firm Ltd on Thursday (July 31) reported a virtually fivefold enhance in its internet loss to ₹91.44 crore for the primary quarter of this fiscal, in contrast to ₹18.8 crore in Q1FY25.
Gross premiums written for the quarter ended June 30, 2025, elevated 11.4% 12 months-on-12 months (YoY) to ₹1,631.9 crore towards ₹1,464 crore in the identical quarter of the earlier fiscal.
Internet premiums written throughout the quarter additionally noticed an analogous rise, rising 11.8% over final 12 months to ₹1,287 crore, up from ₹1,151 crore. In Q1FY26, Niva Bupa Health Insurance coverage’s company channel continued to be the highest contributor to gross written premium (GWP), adopted carefully by brokers and its bancassurance community.
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The corporate’s digital retail enterprise, together with companions, posted a robust 31% YoY development on a like-to-like foundation (excluding 1/N), indicating the rising influence of its digital methods.
The variety of lives insured elevated considerably by 50% YoY, reaching 22.5 million in Q1FY26 in contrast to 15 million a 12 months in the past, underscoring the corporate’s increasing market presence.
Niva Bupa improved its retail market share to 10%, sustaining its place as one of many nation’s main well being insurers. The corporate achieved a claims settlement ratio of 93.6% throughout the quarter, reaffirming its give attention to immediate and truthful claims servicing.
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Moreover, the expense of administration (EoM) ratio declined to 35.9% from 40.7% in Q1FY25, reflecting improved operational effectivity alongside strong development and excessive-high quality service supply.
Krishnan Ramachandran, Managing Director & CEO, Niva Bupa Health Insurance coverage, stated, “Effectively begun is half performed, and with the constructive efficiency in Q1FY26, we’re assured in sustaining our development trajectory for the remainder of the monetary 12 months. The rise within the variety of lives insured, together with our sturdy monetary place and operational effectivity, underscores the muse of our success.”
The outcomes got here after the shut of the market hours. Shares of Niva Bupa Health Insurance coverage Firm Ltd ended at ₹87.57, up by ₹2.45 or 2.88%, on the BSE.
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