Buy Niva Bupa Ltd for the Target Rs. 100 by Motilal Oswal Financial Services Ltd

* GWP to register a single-digit growth impacted by 1/n accounting, while NEP to project a double-digit growth.
* Improving operational efficiency is expected to drive a reduction in the expense ratio going forward.
* The loss ratio is anticipated to remain elevated, impacted by medical inflation and claim severity.
* Future guidance on growth and combined ratio will be critical.
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