SBI General Insurance would price the car insurance premium depending on customer  profiles. In simple terms, the pricing would be higher for those drivers perceived to be more risky and less for those perceived otherwise. These are signs of the industry maturing and offering more refined products based on individual profiling. 

Currently car insurance premiums depend more on the attributes of the car rather than of their usage. Main factors which influence pricing are age of car, type...  Read More »

SBI General Insurance Company, which started its operations towards the end of last financial year, has seen its premium income rise to Rs 133.57 crore within the first 8 months of the current fiscal.

SBI General Insurance is a joint venture between the State Bank of India (SBI)and Insurance Australia Group (IAG). SBI owns 74% stakes while the remaining 26% is owned by IAG. The company is present in 20 cities across the length and breadth of the country and has plans to reach to another 25...  Read More »

SBI General Insurance Company Limited, which started its operations in 2010, has crossed the Rs 100 crore mark in terms of premium income. At the end of October 2011, the company has garnered premium income of Rs 117 crores.
 

Commenting on this achievement, R.R. Belle, MD & CEO, SBI General Insurance said, “SBI General Insurance commenced its retail business towards the end of last financial year and its SME business, in March 2011. The crossing of Rs.100 crore premium is its first milestone,...  Read More »