Tata AIG General Insurance — Distribution Mix

Tata AIG General Insurance's new business was led by the Brokers channel at 60.3% of premium for Q1 FY26-27, as reported in IRDAI form NL-36.

combined ratio, Q1 FY26-27
111.0%
−4.0 pts
incurred claims ratio, Q1 FY26-27
74.0%
+4.0 pts
net commission ratio, Q1 FY26-27
20.0%
−8.0 pts
expense ratio to gross premium, Q1 FY26-27
32.0%
+1.0 pts
Total premium, Q1 FY26-27
₹5,80,142 lakh
+29.8%
Leading channel, Q1 FY26-27
Brokers
60.3% 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
Brokers16,80,361₹3,50,032 lakh (60.3%)27,02,900₹2,57,484 lakh (57.6%)
Agents/POSP12,23,291₹1,60,865 lakh (27.7%)13,01,106₹1,39,143 lakh (31.1%)
Agents/POSP channels (2)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Individual Agents6,92,010₹1,17,253 lakh6,04,168₹98,103 lakh
Point of Sales Person (Direct)5,31,281₹43,612 lakh6,96,938₹41,040 lakh
Direct WebsiteNot disclosed₹0 lakh (0.0%)Not disclosed₹0 lakh (0.0%)
Banks2,39,087₹26,151 lakh (4.5%)1,99,393₹20,297 lakh (4.5%)
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 Agents7,16,768₹29,694 lakh (5.1%)11,15,490₹20,560 lakh (4.6%)
Others2,42,516₹13,400 lakh (2.3%)4,21,915₹9,456 lakh (2.1%)
Others channels (7)
ChannelPolicies, Q1 FY26-27Premium, Q1 FY26-27Policies, Q1 FY25-26Premium, Q1 FY25-26
Micro AgentsNot disclosedNot disclosedNot disclosedNot disclosed
Common Service Centres (CSC)Not disclosedNot disclosedNot disclosedNot disclosed
Insurance Marketing Firm33,859₹3,905 lakh21,704₹2,287 lakh
MISP (Direct)2,08,206₹9,417 lakh3,99,841₹7,130 lakh
Web Aggregators451₹78 lakh370₹39 lakh
Referral ArrangementsNot disclosedNot disclosedNot disclosedNot disclosed
OtherNot disclosedNot disclosedNot disclosedNot disclosed
Total, India41,02,023₹5,80,142 lakh (100%)57,40,804₹4,46,940 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₹4,09,724 lakh53,38,271
Q3 FY25-26₹4,73,759 lakh11,22,372
Q4 FY25-26₹4,63,109 lakh32,65,372
Q1 FY26-27₹5,80,142 lakh41,02,023