Royal Sundaram General Insurance — Distribution Mix

Royal Sundaram General Insurance's new business was led by the Brokers channel at 71.9% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
116.3%
+6.1 pts
incurred claims ratio, Q1 FY26-27
86.0%
+5.4 pts
net commission ratio, Q1 FY26-27
19.3%
+0.5 pts
expense ratio to gross premium, Q1 FY26-27
28.7%
+0.7 pts
Total premium, Q1 FY26-27
₹1,28,524 lakh
+15.3%
Leading channel, Q1 FY26-27
Brokers
71.9% 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
Brokers2,90,309₹92,437 lakh (71.9%)2,89,582₹77,754 lakh (69.7%)
Agents/POSP1,12,647₹22,264 lakh (17.3%)1,55,109₹23,279 lakh (20.9%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents50,754₹8,787 lakh61,472₹9,469 lakh
Point of Sales Person (Direct)61,893₹13,477 lakh93,637₹13,810 lakh
Direct Website8,117₹1,041 lakh (0.8%)8,482₹887 lakh (0.8%)
Banks8,526₹1,366 lakh (1.1%)7,772₹1,159 lakh (1.0%)
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/Employees0₹0 lakh0₹0 lakh
Direct Business – OthersNot disclosedNot disclosedNot disclosedNot disclosed
Corporate Agents19,250₹6,831 lakh (5.3%)16,843₹4,164 lakh (3.7%)
Others10,851₹4,585 lakh (3.6%)61,202₹4,273 lakh (3.8%)
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)0₹0 lakh0₹0 lakh
Insurance Marketing Firm4,219₹313 lakh13,098₹294 lakh
MISP (Direct)1,660₹210 lakh9,920₹252 lakh
Web Aggregators21₹7 lakh38,184₹3,727 lakh
Referral ArrangementsNot disclosedNot disclosedNot disclosedNot disclosed
Other4,951₹4,055 lakhNot disclosedNot disclosed
Total, India4,49,700₹1,28,524 lakh (100%)5,38,990₹1,11,516 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₹1,07,816 lakh7,45,420
Q3 FY25-26₹98,425 lakh6,98,887
Q4 FY25-26₹1,21,872 lakh8,83,417
Q1 FY26-27₹1,28,524 lakh4,49,700