Niva Bupa Reports Strong FY26 Performance, Achieving 80% PAT Growth

Niva Bupa Reports Strong FY26 Performance, Achieving 80% PAT Growth​

Gurugram, May 8, 2026: Niva Bupa Health Insurance today announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported strong profitability and notable market share gains, reflecting improved operational performance.

For the full fiscal year 2026, the company’s IFRS Profit After Tax (PAT) stood at ₹ 366 crore, marking an 80% growth compared to the previous financial year.

Financial and Operational Highlights​

The company achieved significant year-on-year growth in premiums and operational ratios. For the full year, Niva Bupa reported a Gross Written Premium (GWP) of ₹ 8,586 crore (with 1/n) and ₹ 9433 crore (without 1/n). The quarterly figure for Q4FY'26 showed sustained momentum, recording a GWP of ₹ 2,880 crore (with 1/n), representing a 39% growth, alongside ₹ 3,123 crore (without 1/n).

The company also reported improved financial efficiency metrics:


Market share improved to 10.1% by the close of FY26, strengthening its position in the retail health segment. Furthermore, the claim settlement ratio for FY26 was 94.4%, an improvement of 205 basis points over the previous year.

The company’s focus on customer service resulted in an improvement in the Net Promoter Score (NPS), which rose from +55 in FY25 to +60 at the end of FY26.

Progress Towards Profitability​

Progress towards underwriting profitability was evident, as the Combined Insurance Service Ratio (CISR) for FY26 improved to 101.4%, marking a 160 basis point increase over FY25. The company continued this trajectory, reporting a Q4FY26 CISR of 97.4%.

Diversification of Distribution Channels​

The growth in GWP was supported by a diversified distribution network. The contribution of different channels toward the GWP for FY26 was:


Krishnan Ramachandran, Managing Director & CEO, Niva Bupa Health Insurance, commented on the results, stating that 'FY26 has been a year of strong, well-rounded performance, with growth, profitability, and customer metrics all moving in the right direction. A strong growth in PAT and an improvement in CISR this year reinforces our path towards sustainable profitability. Our market share gains and improvement in claim settlement ratio reflect the trust customers place in us and our continued focus on delivering superior health insurance experiences.'

Niva Bupa Health Insurance Company Limited, a Public Listed Company, aims to enable every Indian to access the best healthcare. As of March 31, 2026, the company had over 210 physical branches across India and services over 25 million lives. Its operational ecosystem includes 2.4 Lakh agents, close to 600 brokers, and over 120 Banca & Other Corporate Agency Partners.

NIVABUPA Stock Price Movement​

Niva Bupa Health Insurance Company Limited shares settled higher in post-market trading today, closing at ₹81.29, representing a gain of 1.56%. The stock traded on considerable volume today, settling within the intraday range established between ₹79.75 and ₹81.8.