Niva Bupa Targets 8-10% Growth As GST Relief Lifts Renewals

Niva Bupa is aiming to grow 8-10%, outpacing the broader health insurance industry, Vishwanath Mahendra told NDTV Profit in an exclusive interview. The insurer reported growth in its topline and retail business in the first quarter, aided by the GST exemption. Renewal rates improved following the tax relief, while loss ratios remained benign in retail health. Mahendra expects loss ratios to improve further, with the third-quarter comparison base reflecting the impact of the GST cut.