India's 1st IRDAI Approved Insurance Web Aggregator
SBI General Insurance Company started its operation in the year 2010. The general insurance venture from State Bank of India has the Insurance Australia Group (IAG) as a partner in the business. SBI has a 74% stake in the company while the remainder is held by IAG.
SBI is India’s largest bank with an unparalleled distribution network with a large number of clients - both retail and corporate. SBI General can easily leverage this become a very large player in the general insurance market. With a history dating back to 1920s, the expertise of IAG group will play a crucial role in the venture.
Mr. Prakash Chandra Kandpal is the CEO & Managing Director of SBI General Insurance Company.
| Year | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
|---|---|---|---|---|---|---|---|---|---|
| Claims ratio | - | - | - | - | - | - | - | 95.03 | Yet to be published |
