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 | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
---|---|---|---|---|---|---|---|---|---|
Claims ratio | - | - | - | - | - | - | 95.03 | - | Yet to be published |