SBI General Insurance Company Limited, a mutual collaboration linking State Bank of India and Insurance Australia Group (IAG), initiated its operations in the year 2010. SBI General Insurance reflects a stalwart multi-distribution standard encompassing Bancassurance, Retail Direct Channels, and Agency Broking. It is additionally the largest banking franchise in the country. SBI is recognised as India’s leading commercial bank in terms of its financial statements and employee base.
SBI General Insurance has its range in approximately 21000 arms of State Bank Group.
The company, SBI is amongst the world’s biggest banks and has now commenced traversing additional new partnerships with tie-ups in General Insurance, Private Equity, Mobile Banking, Pension Funds etc. The company is headed by Bhaskar Jyoti Sarma, the CEO and Managing Head of SBI General Insurance.
SBI General’s prevailing terrestrial coverage stretches to 56 cities pan India and holds ubiquity in another 350+ locations by satellite devices. At present, SB General Insurance’s distribution order includes above 11,000 IRDA accredited SBI & its Associate Bank employees and above 4,800 Agents. The Insurance company incorporates Motor, Health, Travel, Personal Accident and Home Insurance to Individuals and Aviation, Fire, Marine, Packages, Construction and Engineering, Liability, Group Health/ Personal Accident and miscellaneous insurance for Enterprises. Their dedicated and skilled claims unit strives to remit you an exceptional customer service of a swift, just, convenient and direct claims process for the administration and compensation of your claim.
In 2017-2018, SBI General Insurance claim settlement ratio was :