{"id":101,"date":"2019-07-18T11:36:45","date_gmt":"2019-07-18T11:36:45","guid":{"rendered":"http:\/\/localhost\/yearbook\/?page_id=101"},"modified":"2025-02-03T09:33:12","modified_gmt":"2025-02-03T09:33:12","slug":"distribution-channels","status":"publish","type":"page","link":"https:\/\/yearbook.websitestage.org\/?page_id=101","title":{"rendered":"3.3 &#8211; Distribution Channels"},"content":{"rendered":"\n<p>One of the discerning features of the post privatization of the sector is the emergence of multiple but regulated distributed channels, distinct from only Agents and Employees developing in the business during the prior nationalized sector.&nbsp;<\/p>\n\n\n\n<p>Brokers and Corporate Agents (including Bancassurance models) have established their credentials as Insurance Intermediaries. The Authority has also enabled several distribution channels such as common service centres of Govt. of India, Insurance Marketing firms, Banks as Brokers, an open architecture for Agents and Corporate Agents. These channels of distributions would increase insurance awareness and penetration in the semi-urban and rural areas of the country.<\/p>\n\n\n\n<div class=\"wp-block-columns has-2-columns\">\n\t<div class=\"wp-block-column\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.3.1<\/span>Channel-wise GDPI (% of Total) - 2023-24<\/h3><div id=\"Chart_14\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_14\", {\"data\":{\"Individual Agents\":63671,\"Corporate Agents - Bank\":17780,\"Corporate Agents - Others\":10860,\"Brokers\":100398,\"Direct Business - Internet\":0,\"Direct Business - Other than internet\":65291,\"Micro Insurance Agent\":0,\"Others\":31773},\"Title\":\"\",\"SeriesTitle\":\"Channel-wise GDPI (% of Total) - 2023-24\",\"colorCodes\":[\"#6180d4\",\"#002060\",\"#aeb5da\",\"#4b5aa7\",\"#9dc3e6\",\"#7e8ac5\",\"#df90a2\",\"#deebf7\",\"#F5A0FE\",\"#F5A0FE\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n\t<div class=\"wp-block-column\">\n\t\t<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.3.2<\/span>Channel-wise Policies (% of Total) - 2023-24<\/h3><div id=\"Chart_267\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        pie_chart(\"Chart_267\", {\"data\":{\"Individual Agents\":63891097,\"Corporate Agents - Bank\":22721812,\"Corporate Agents - Others\":19612559,\"Brokers\":88054702,\"Direct Business - Internet\":0,\"Direct Business - Other than internet\":40266409,\"Micro Insurance Agent\":0,\"Others\":100262729},\"Title\":\"\",\"SeriesTitle\":\"Channel-wise Policies (% of Total) - 2023-24\",\"colorCodes\":[\"#6180d4\",\"#002060\",\"#aeb5da\",\"#4b5aa7\",\"#9dc3e6\",\"#7e8ac5\",\"#df90a2\",\"#deebf7\",\"#F5A0FE\",\"#F5A0FE\"],\"dataLabelsFlag\":\"yes\"});\n                    });\n                <\/script>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\"><em>                                                                                      <\/em> <em> <strong>Source<\/strong>: Council Compilation<\/em> <em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<p>In the Financial year 2023-24, the Brokers accounted for 34.7% of the total premium share.<\/p>\n\n\n<h3 class=\"section-title\" style=\"font-size: 17px;\"><span style=\"background: #f6a192;border-radius: 8px;color: #fff;padding: 5px;font-size: 14px; margin-right: 10px;\"> Chart 3.3.3<\/span>Growth in GDPI split by Distribution Channel<\/h3><div id=\"Chart_15\"><\/div><script type=\"text\/javascript\">\n                    jQuery(document).ready(function () {\n                        basic_column_chart(\"Chart_15\", {\"unit\":\"\",\"data\":{\"Individual Agents\":{\"2022-23\":60714,\"2023-24\":63671},\"Corporate Agents - Bank\":{\"2022-23\":15230,\"2023-24\":17775},\"Corporate Agents -  Others\":{\"2022-23\":7878,\"2023-24\":10765},\"Brokers\":{\"2022-23\":88647,\"2023-24\":100398},\"Direct Business- Other than internet\":{\"2022-23\":58273,\"2023-24\":65291},\"Others\":{\"2022-23\":22081,\"2023-24\":31773}},\"Title\":\"Growth in GDPI split by Distribution Channel\",\"xTitle\":\"Year\",\"yTitle\":\"GDPI (\\u20b9 in Crore)\",\"yAxisData\":{\"2022-23\":\"2022-23\",\"2023-24\":\"2023-24\"},\"colorCodes\":[\"#7e8ac5\",\" #2e5cdb\",\" #0c39b3\",\"#002060\",\" #5B9BD5\",\" #8ea9db\",\" #648fcc\",\" #9E480E\",\" #0985e3\"]});\n                    });\n                <\/script>\n\n\n\n<p class=\"has-text-align-right has-small-font-size\">                                                                                                                    <em> <strong>Source<\/strong>: Council Compilation<\/em> <em>as per source<br>data submitted by companies<\/em> <\/p>\n\n\n\n<p class=\"has-text-align-center\"><em><br><strong>Note<\/strong>: Corporate Agents share in the above charts includes business through Bancassurance channels<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the discerning features of the post privatization of the sector is the emergence of multiple but regulated distributed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":529,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":[],"_links":{"self":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/101"}],"collection":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101"}],"version-history":[{"count":40,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/101\/revisions"}],"predecessor-version":[{"id":4158,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/101\/revisions\/4158"}],"up":[{"embeddable":true,"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=\/wp\/v2\/pages\/529"}],"wp:attachment":[{"href":"https:\/\/yearbook.websitestage.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}