Factuary

New India Assurance — Distribution Mix

The New India Assurance Company's new business was led by the Brokers channel at 56.7% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
121.4%
+5.3 pts
incurred claims ratio, Q1 FY26-27
103.4%
+3.6 pts
net commission ratio, Q1 FY26-27
8.4%
−0.1 pts
expense ratio to gross premium, Q1 FY26-27
16.8%
+1.7 pts
Total premium, Q1 FY26-27
₹8,62,778.75 lakh
+12.2%
Leading channel, Q1 FY26-27
Brokers
56.7% 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
Brokers7,42,805₹4,89,456.13 lakh (56.7%)9,23,120₹4,96,866.01 lakh (64.6%)
Agents/POSP46,11,316₹2,63,933.85 lakh (30.6%)40,60,302₹2,59,895.9 lakh (33.8%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents45,31,576₹2,61,231.32 lakh40,35,036₹2,58,598.71 lakh
Point of Sales Person (Direct)79,740₹2,702.53 lakh25,266₹1,297.19 lakh
Direct WebsiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Banks1,02,238₹6,708.77 lakh (0.8%)70,834₹6,337.67 lakh (0.8%)
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 Agents32,892₹3,498.78 lakh (0.4%)57,344₹5,215.21 lakh (0.7%)
Others17,06,012₹99,181.22 lakh (11.5%)4,672₹735.24 lakh (0.1%)
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)3,037₹33.83 lakh0₹0 lakh
Insurance Marketing Firm8,829₹1,627.17 lakh3,465₹730.72 lakh
MISP (Direct)16,68,014₹94,637.95 lakhNot disclosedNot disclosed
Web Aggregators8₹0.04 lakh1,207₹4.52 lakh
Referral Arrangements0₹0 lakh0₹0 lakh
Other26,124₹2,882.23 lakhNot disclosedNot disclosed
Total, India71,95,263₹8,62,778.75 lakh (100%)51,16,272₹7,69,050.03 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₹6,46,308.59 lakh54,02,307
Q3 FY25-26₹8,75,382.38 lakh1,01,63,425
Q4 FY25-26₹7,62,928.92 lakh79,14,696
Q1 FY26-27₹8,62,778.75 lakh71,95,263
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