Niva Bupa to gain from premium hike, lower expense ratio
Mint Mumbai|November 28, 2024
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
Niva Bupa to gain from premium hike, lower expense ratio

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.

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