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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