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SBI General Insurance

SBI General Insurance Company Limited commenced its operations in the year 2010 as a joint venture between State Bank of India and Insurance Australia Group (IAG). Pursuant to stake sale by IAG on 27th March 2020, the Company is a joint venture amongst SBI (70%), Napean Opportunities LLP (16.01%), (iii) WP Honey Wheat Investment Ltd (9.99%), PI Opportunities Fund-1 2.35% and Axis New Opportunities AIF – I (1.65%).

The company offers a wide range of general insurance products in retail and commercial space at affordable prices to make insurance accessible to all individuals and businesses. Their mission is to provide simple and innovative general insurance solutions, be responsive to our customers' needs and build a sustainable business for the future while imparting their Values of “TEAMS” in everything they do…TEAMS stands for Transparency, Empathy, Agility, Motivation and Service.
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Some of the awards that the company has won over the years include :

  • 'The Economic Times Best BFSI Brand Award 2018' award by The Economic Times
  • Technology Maturity & Data Quality Award
  • Marketing Initiative Award
  • Best E-Magazine Award
  • Bancassurance Leadership Award for Small & Medium Category in 2017

SBI General offers their health insurance customers the option of availing quality treatment at more than 6,000+ leading hospitals across the country. With an incurred claims ratio of 52.00%, they also covered 27.48 lac lives during the same year 2018-19, as per the data provided by IRDAI.

SBI General Insurance Products

With SBI General's Health Insurance Policy you can be in control making medical expenses more manageable. This ensures your family's quality health and happiness.
SBI General’s Travel Insurance (Business and Holiday) provides comprehensive cover for you and your family when you are globetrotting.
SBI General Individual Personal Accident Insurance Policy covers loss of life, disabilities and income due to an accident.
Home Insurance is a form of property insurance that covers losses and damages to individuals house (flat/ apartment/ building (structure)), or the contents (belongings) of your home, or both.
SBI General Motor insurance offers coverage to your vehicles either car or two-wheeler against financial losses due to an accident, act of theft, vandalism or a natural calamity.
CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025