DISTRIBUTION

An ecosystem of partners in progress

Our robust distribution network comprising branches, bancassurance channels enables us to deliver customised solutions aligned with the evolving needs of our customers. We partner with banks, other financial institutions and corporates to further expand our reach, creating a vibrant stakeholder ecosystem.

Additions in FY21

10

Offices

39,679

Individual agents
(Life Mitra) added

2,064

Specified Persons (SPs)

5

Brokers

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Bancassurance

Productivity per Branch (Individual NBP)

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₹ 35 lakh

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₹ 37 lakh

NBP – Protection Share

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18%

fy21-blue

18%

NBP – Annuity Share

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5%

fy21-blue

5%

Individual Ticket Size

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₹ 82,000

fy21-blue

₹ 83,000

Agency

Productivity per Agent (Individual NBP)

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₹ 2.6 lakh

fy21-blue

₹ 2.3 lakh

NBP – Protection Share

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2%

fy21-blue

3%

NBP – Annuity Share

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4%

fy21-blue

4%

Individual Ticket Size

fy20-gray

₹ 57,000

fy21-blue

₹ 59,000

Others

Number of individual new business policies

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50,913

fy21-blue

89,259

Number of individual new business protection policies

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10,731

fy21-blue

18,438

NBP – Annuity Share

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14%

fy21-blue

42%

Individual Ticket Size (excluding direct business)

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₹ 51,000

fy21-blue

₹ 49,000

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