Factuary

IFFCO Tokio General Insurance — Distribution Mix

IFFCO Tokio General Insurance's new business was led by the Brokers channel at 65.3% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
121.2%
−3.6 pts
incurred claims ratio, Q1 FY26-27
86.8%
−5.5 pts
net commission ratio, Q1 FY26-27
17.6%
+1.4 pts
expense ratio to gross premium, Q1 FY26-27
29.2%
+3.0 pts
Total premium, Q1 FY26-27
₹1,97,588.44 lakh
+14.7%
Leading channel, Q1 FY26-27
Brokers
65.3% 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
Brokers8,48,698₹1,28,946.44 lakh (65.3%)7,14,993₹1,09,422.07 lakh (63.5%)
Agents/POSP5,92,207₹60,298.68 lakh (30.5%)6,15,059₹54,931.38 lakh (31.9%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents4,03,281₹42,681 lakh4,16,026₹41,346.71 lakh
Point of Sales Person (Direct)1,88,926₹17,617.68 lakh1,99,033₹13,584.67 lakh
Direct WebsiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Banks66,514₹1,633.47 lakh (0.8%)74,384₹1,823.82 lakh (1.1%)
Direct non-websiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Direct non-website channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Direct Business – Officers/EmployeesNot disclosedNot disclosedNot disclosedNot disclosed
Direct Business – OthersNot disclosedNot disclosedNot disclosedNot disclosed
Corporate Agents36,040₹1,665.53 lakh (0.8%)18,383₹1,199.66 lakh (0.7%)
Others3,73,313₹5,044.32 lakh (2.6%)3,98,609₹4,956.36 lakh (2.9%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro Agents0₹0 lakh0₹0 lakh
Common Service Centres (CSC)15,610₹360.84 lakh26,830₹440.22 lakh
Insurance Marketing Firm2,593₹351.76 lakh1,305₹289.48 lakh
MISP (Direct)3,55,111₹4,331.72 lakh3,70,353₹4,225.73 lakh
Web Aggregators-1₹0 lakh121₹0.93 lakh
Referral Arrangements0₹0 lakh0₹0 lakh
Other0₹0 lakhNot disclosedNot disclosed
Total, India19,16,772₹1,97,588.44 lakh (100%)18,21,428₹1,72,333.29 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₹1,60,402.83 lakh17,92,601
Q3 FY25-26₹1,88,817.2 lakh23,18,158
Q4 FY25-26₹1,97,332.63 lakh21,60,648
Q1 FY26-27₹1,97,588.44 lakh19,16,772
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