Niva Bupa Health Insurance Company , a prominent player in India's health insurance sector, has reported significant growth in its financial performance for Q2 FY2026 and H1 FY2026.

Key Financial Highlights

• Profit After Tax: Niva Bupa's IFRS Profit After Tax more than doubled to ₹62.00 crore in Q2 FY26, up from ₹24.00 crore in Q2 FY25.
• Gross Written Premium:
  • Q2 FY26: ₹2,108.00 crore (without 1/n) and ₹1,843.00 crore (with 1/n)
  • H1 FY26: ₹3,983.00 crore (without 1/n) and ₹3,475.00 crore (with 1/n)
• Retail Health GWP: Grew 24.5% year-over-year in Q2 FY26
• Combined Insurance Service Ratio: Improved to 103.1% in Q2 FY26, a 141 basis points improvement from Q2 FY25

Operational Metrics

• Claims Settlement Ratio: 95.2%
• Solvency Ratio: 2.85x
• Lives Covered: 23.14 million
• Net Promoter Score: 57

Distribution Channel Breakdown

Analysis

Niva Bupa Health Insurance has demonstrated strong financial performance in Q2 FY26, with significant growth in profitability and Gross Written Premium. The doubling of Profit After Tax indicates improved operational efficiency and potentially better underwriting practices.

The growth in Retail Health GWP of 24.5% year-over-year suggests that the company is successfully expanding its market presence in this segment. The improvement in the Combined Insurance Service Ratio to 103.1% indicates better management of claims and expenses, which is vital for long-term profitability in the insurance industry.

The company's focus on diverse distribution channels, with Corporate Agents showing the fastest growth, demonstrates a strategic approach to market expansion. The high Claims Settlement Ratio of 95.2% and improved Solvency Ratio of 2.85x reflect the company's strong financial position and commitment to customer service.

With 23.14 million lives covered and a Net Promoter Score of 57, Niva Bupa appears to be maintaining a strong market position while focusing on customer satisfaction.

The health insurance sector in India remains highly competitive. Niva Bupa's balanced approach to growth across various distribution channels and focus on operational metrics positions it well in the dynamic health insurance market.

Niva Bupa Health Insurance Company Limited , a prominent player in the Indian insurance sector, has announced a significant change in its key managerial personnel. Rajat Sharma, who served as the Company Secretary and Compliance Officer, has tendered his resignation, marking the end of his tenure with the organization.

Resignation Details

The company informed the National Stock Exchange of India Limited (NSE) and BSE Limited about this development through a formal intimation. Here are the key details of the resignation:

Corporate Governance Implications

The resignation of a Company Secretary, who is considered a key managerial personnel, is a significant event from a corporate governance perspective. The Company Secretary plays a crucial role in ensuring compliance with various regulatory requirements and acts as a bridge between the company's board of directors and its stakeholders.

Regulatory Compliance

Niva Bupa Health Insurance Company Limited has adhered to the regulatory requirements by promptly disclosing this information. The intimation was made in accordance with Regulation 30 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

The company's Executive Director & Chief Financial Officer, Vishwanath Mahendra, signed off on the official communication to the stock exchanges. This swift action demonstrates the company's commitment to transparency and regulatory compliance.

As of now, Niva Bupa Health Insurance Company Limited has not announced a successor to Rajat Sharma. The company may provide updates on this matter in due course.

This development comes at a time when the insurance sector in India is experiencing significant growth and regulatory changes.