Chola MS General Insurance — Distribution Mix
Cholamandalam MS General Insurance's new business was led by the Brokers channel at 52.1% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.
Channel mix — quarter ended Q1 FY26-27 vs. Q1 FY25-26 (year ago)
| Channel group | Policies, Q1 FY26-27 | Premium, Q1 FY26-27 | Policies, Q1 FY25-26 | Premium, Q1 FY25-26 | |||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Brokers | 6,69,428 | ₹89,864 lakh (52.1%) | 10,91,439 | ₹92,448 lakh (54.4%) | |||||||||||||||||||||||||||||||||||||||
| Agents/POSP | 1,49,901 | ₹29,026 lakh (16.8%) | 56,540 | ₹10,884 lakh (6.4%) | |||||||||||||||||||||||||||||||||||||||
Agents/POSP channels (2)
| |||||||||||||||||||||||||||||||||||||||||||
| Direct Website | Not disclosed | ₹0 lakh (0.0%) | Not disclosed | ₹0 lakh (0.0%) | |||||||||||||||||||||||||||||||||||||||
| Banks | 3,45,097 | ₹17,032 lakh (9.9%) | 4,12,295 | ₹18,829 lakh (11.1%) | |||||||||||||||||||||||||||||||||||||||
| Direct non-website | Not disclosed | ₹0 lakh (0.0%) | Not disclosed | ₹0 lakh (0.0%) | |||||||||||||||||||||||||||||||||||||||
Direct non-website channels (2)
| |||||||||||||||||||||||||||||||||||||||||||
| Corporate Agents | 3,70,101 | ₹35,216 lakh (20.4%) | 9,55,061 | ₹46,613 lakh (27.4%) | |||||||||||||||||||||||||||||||||||||||
| Others | 50,757 | ₹1,270 lakh (0.7%) | 73,071 | ₹1,138 lakh (0.7%) | |||||||||||||||||||||||||||||||||||||||
Others channels (7)
| |||||||||||||||||||||||||||||||||||||||||||
| Total, India | 15,85,284 | ₹1,72,408 lakh (100%) | 25,88,406 | ₹1,69,912 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
| Period | Total, India premium | Policies |
|---|---|---|
| Q2 FY25-26 | ₹1,74,335 lakh | 27,50,053 |
| Q3 FY25-26 | ₹1,91,977 lakh | 30,69,460 |
| Q4 FY25-26 | ₹1,95,206 lakh | 27,69,527 |
| Q1 FY26-27 | ₹1,72,408 lakh | 15,85,284 |