Aditya Birla Health Insurance — Distribution Mix

Aditya Birla Health Insurance's new business was led by the Brokers channel at 60.0% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
110.0%
−1.0 pts
incurred claims ratio, Q1 FY26-27
84.0%
+4.0 pts
net commission ratio, Q1 FY26-27
8.0%
−2.0 pts
expense ratio to gross premium, Q1 FY26-27
35.0%
−2.0 pts
Total premium, Q1 FY26-27
₹2,00,536 lakh
+51.2%
Leading channel, Q1 FY26-27
Brokers
60.0% of premium

Channel mix — quarter ended Q1 FY26-27 vs. Q1 FY25-26 (year ago)

Channel groupPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Brokers1,67,407₹1,20,316 lakh (60.0%)93,503₹73,535 lakh (55.4%)
Agents/POSP91,636₹21,720 lakh (10.8%)65,600₹13,725 lakh (10.3%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents90,784₹21,634 lakh65,089₹13,686 lakh
Point of Sales Person (Direct)852₹86 lakh511₹39 lakh
Direct Website4,743₹921 lakh (0.5%)3,046₹541 lakh (0.4%)
Banks85,396₹25,947 lakh (12.9%)64,044₹21,474 lakh (16.2%)
Direct non-website11,007₹7,409 lakh (3.7%)5,547₹5,167 lakh (3.9%)
Direct non-website channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Direct Business – Officers/Employees11,007₹7,409 lakh5,547₹5,167 lakh
Direct Business – OthersNot disclosedNot disclosedNot disclosedNot disclosed
Corporate Agents6,963₹23,983 lakh (12.0%)3,333₹18,095 lakh (13.6%)
Others879₹240 lakh (0.1%)510₹128 lakh (0.1%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro AgentsNot disclosedNot disclosedNot disclosedNot disclosed
Common Service Centres (CSC)Not disclosedNot disclosedNot disclosedNot disclosed
Insurance Marketing Firm448₹145 lakh239₹73 lakh
MISP (Direct)Not disclosedNot disclosedNot disclosedNot disclosed
Web Aggregators431₹95 lakh271₹55 lakh
Referral ArrangementsNot disclosedNot disclosedNot disclosedNot disclosed
OtherNot disclosedNot disclosedNot disclosedNot disclosed
Total, India3,68,031₹2,00,536 lakh (100%)2,35,583₹1,32,665 lakh (100%)

Per IRDAI Form NL-36 (Business Channels Wise), "For the Quarter" column. Channels are grouped into ARGO's own 7-way classification (Brokers, Agents/POSP, Direct Website, Banks, Direct non-website, Corporate Agents, Others) — click a group with more than one channel to see its own breakdown. "Total, India" sums the 15 channels extracted here and excludes "Business outside India," a separate geography line on the same form. Some insurers report "Direct Business"'s sub-channels (Officers/Employees, Online, Others) as one combined figure rather than a real breakdown — shown as "Not disclosed" for those rows rather than guessed.

Total premium by quarter, trend

PeriodTotal, India premiumPolicies
Q2 FY25-26₹1,39,317 lakh2,69,770
Q3 FY25-26₹1,69,836 lakh3,27,402
Q4 FY25-26₹1,82,007 lakh4,31,459
Q1 FY26-27₹2,00,536 lakh3,68,031