SBI General Insurance

SBI General Insurance is a leading private general insurance company in India, established in 2009 as a joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG). SBI now owns 70% of the company, with other investors holding the remaining shares. SBI General offers a diverse range of insurance products across retail, corporate, SME, and rural segments, including health, car, bike, cyber, and travel insurance. They are committed to providing both "Suraksha" (protection) and "Bharosa" (trust) to their customers and have a vast distribution network reaching even the most remote areas of India.

SBI General Insurance has experienced significant growth since its inception, expanding from 17 branches in 2011 to a nationwide presence of over 143 branches. Their Gross Written Premium (GWP) reached INR 12,731 crores in FY 2023-24, reflecting a substantial 17% increase. The company has received numerous awards and recognitions, including "Domestic General Insurer of the Year" at the Insurance Asia Awards 2023 and "Best BFSI Brands" at the ET Now Best BFSI Brands Conclave 2024. SBI General is dedicated to providing simple and innovative general insurance solutions and building a sustainable business for the future.

SBI General Insurance aims to provide simple and innovative general insurance solutions that cater to the needs of a transforming India. They are dedicated to being responsive to their customers while building a sustainable business for the future.

SBI General Insurance promotes a culture built on trust, transparency, empathy, agility, and motivation. They strive to be fair, dependable, and trustworthy in all interactions, understanding and supporting their customers’ needs, while being innovative and responsive to all stakeholders. They are driven to deliver the highest level of service with dedication and consistency, demonstrating their commitment to both their customers and employees.

SBI General Insurance emphasizes diversity, equity, and inclusion in its approach to building a sustainable business, recognizing the value of a diverse workforce and its contributions to a transforming India. The company's commitment is reflected in its multi-distribution model, which includes Bancassurance, Agency, Broking, Retail Direct Channels, and Digital collaborations, ensuring accessibility to various customer segments.