Niva Bupa to gain from premium hike, lower expense ratio

Niva Bupa Health Insurance Co. Ltd's first earnings post-listing show its performance is significantly better than that of the Indian health insurance industry in the first half (H1FY25).

- Manish Joshi

Gross written premium at ₹3,241 crore grew 33% on-year, outpacing the industry's nearly 10% growth.

New business growth of 40% is split into price growth of 7-8%, and the rest coming from volume growth—new lives covered under health insurance. Niva Bupa's management attributes the industry-leading growth to almost a 4x increase in agency and own sales headcount over the last four to five years, apart from bancassurance.