Niva Bupa Health Insurance Company Ltd Q3 FY26 Results

Summary

Niva Bupa Health Insurance has reported robust growth in its Q3 FY26 results, with a 55% year-on-year increase in GWP to INR 2,231 crore and a 32% increase in Q3 FY26 GWP to INR 2,327 crore on a like-to-like basis. The company's profitability has also improved, with an IFRS Profit After Tax (PAT) of over 76 Cr for the quarter and 208 Cr for the period ending December 31, 2025. The Combined Insurance Service Ratio for 9MFY26 improved by 0.51 percentage points year-on-year, and the Claims Settlement Ratio stood at 94.1% for Q3 FY26 and 94.4% for 9M FY26.

Key Highlights

1. 1

   Q3 FY26 GWP grew 55% year-on-year to INR 2,231 crore

2. 2

   9M FY26 GWP stood at INR 5,706 crore, registering 22% growth year-on-year

3. 3

   Q3 FY26 GWP increased 32% to INR 2,327 crore year-on-year on a like-to-like basis

4. 4

   9M FY26 GWP reached INR 6,309 crore, reflecting 26% growth year-on-year on a like-to-like basis

5. 5

   Combined Insurance Service Ratio for 9MFY26 improved by 0.51 percentage points year-on-year

6. 6

   Claims Settlement Ratio stood at 94.1% for Q3 FY26 and 94.4% for 9M FY26

7. 7

   Retail health market share rose by 1.4 percentage points year-on-year to 10.2% in Q3 FY26

8. 8

   Customer base showed 23% YOY growth, with 24.5 million lives insured as of Q3 FY26

9. 9

   Net Promoter Score (NPS) for Q3 FY26 improved to 59, marking an increase of 3.4 points compared to the same quarter last year

10. 10

    NPS for 9M FY26 stood at 58, reflecting an improvement of 5.4 points over the same period last year