SBI General Insurance — Distribution Mix
SBI General Insurance's new business was led by the Brokers channel at 59.4% 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 | 13,03,324 | ₹2,08,297 lakh (59.4%) | 9,07,615 | ₹1,86,721 lakh (59.0%) | |||||||||||||||||||||||||||||||||||||||
| Agents/POSP | 1,50,690 | ₹21,834 lakh (6.2%) | 1,52,154 | ₹22,543 lakh (7.1%) | |||||||||||||||||||||||||||||||||||||||
Agents/POSP channels (2)
| |||||||||||||||||||||||||||||||||||||||||||
| Direct Website | 10,957 | ₹763 lakh (0.2%) | 656 | ₹25 lakh (0.0%) | |||||||||||||||||||||||||||||||||||||||
| Banks | 6,24,380 | ₹85,651 lakh (24.4%) | 4,68,737 | ₹67,036 lakh (21.2%) | |||||||||||||||||||||||||||||||||||||||
| Direct non-website | 82,246 | ₹30,144 lakh (8.6%) | 96,867 | ₹36,555 lakh (11.6%) | |||||||||||||||||||||||||||||||||||||||
Direct non-website channels (2)
| |||||||||||||||||||||||||||||||||||||||||||
| Corporate Agents | 19,211 | ₹2,765 lakh (0.8%) | 58,756 | ₹1,785 lakh (0.6%) | |||||||||||||||||||||||||||||||||||||||
| Others | 33,847 | ₹1,174 lakh (0.3%) | 72,309 | ₹1,641 lakh (0.5%) | |||||||||||||||||||||||||||||||||||||||
Others channels (7)
| |||||||||||||||||||||||||||||||||||||||||||
| Total, India | 22,24,655 | ₹3,50,628 lakh (100%) | 17,57,094 | ₹3,16,306 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 | ₹4,03,924 lakh | 1,31,93,916 |
| Q3 FY25-26 | ₹3,56,628 lakh | 51,46,501 |
| Q4 FY25-26 | ₹5,13,587 lakh | 92,01,499 |
| Q1 FY26-27 | ₹3,50,628 lakh | 22,24,655 |