Niva Bupa Health Insurance reported strong results for Q3 FY’26, with overall growth of 31% and new business growth of 46%. The company’s retail growth rate was 33% for the first nine months, increasing retail market share to 10%. PAT for the period stood at Rs. 208 crores. Key initiatives, including industry awareness campaigns and a focus on standardized healthcare protocols, are expected to further drive growth and improve efficiency.
Financial Performance Highlights
Niva Bupa Health Insurance showcased significant financial achievements in Q3 FY’26, including:
- Overall growth of 31% in Q3 and 26% for the first nine months.
- New business growth reached 46% in Q3, contributing to a 30% growth YTD.
- Profit after tax increased by 74% to Rs. 208 crores for the nine-month period.
- The company’s retail market share improved to 10.2% in Q3.
Channel Performance
The company experienced robust growth across various channels:
- Agency channel grew by 43% in Q3.
- Bank and Non-Bank Financial Institutions (NBFCs) saw a combined growth of 27.5%.
- Digital channels grew by 70% in Q3, maintaining an overall growth of 49%.
Strategic Initiatives
Niva Bupa is actively involved in key initiatives to enhance the health insurance ecosystem:
- Continued participation in industry-wide awareness campaigns.
- Focus on transparent and sustainable practices, including common empanelment and standardized treatment protocols.
- Implementation of AI and digital solutions to improve customer experience and efficiency.
Product Innovation and Digital Adoption
The recently launched Reassure 3.0 product has gained traction, offering unique features such as inflation protection and comprehensive OPD coverage. The company’s digital health services continue to see wide adoption, with over 50,000 annual preventive checkups booked through its mobile app and nearly 3,000 HRAs completed on the platform.
Source: BSE
