The new office space reflects transparency and agility which are amongst SBI General’s core values

Mumbai, December 01, 2021 (GPN): SBI General, one of India’s leading General Insurance companies announced, the relocation of its new corporate office on the 9th Floor, Fulcrum Building, Sahar Road, Andheri East, Mumbai. The company has this office space in the heart of Mumbai.

In its 11 years of operations, the Company’s efforts have been to ensure a steady growth while achieving many milestones along the way. In harmony with this tremendous journey, novelty, innovation and fluid thinking, SBI General has added yet another feather to its hat.

The new office space reflects four most important pillars of SBI General’s philosophy viz transparency, collaboration, innovation, and agility.

The inauguration ceremony of the new office was graced by our esteemed and respected dignitaries; Shri Dinesh Kumar Khara, Chairman SBI Group, Shri Ashwini Tewari, MD SBI, Shri CS Setty, MD SBI, Shri Ashwani Bhatia MD SBI, Shri Swaminathan J., MD SBI and Shri Prakash Chandra Kandpal, MD & CEO, SBI General Insurance, along with our esteemed directors.

About SBI General Insurance Company Limited:

SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI, we, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and have a vision is to become the most trusted general insurer for a transforming India.

Ever since our establishment in 2009, from 17 branches in 2011, we have expanded our presence to over 137 branches pan-India. Till date, we have served around 8.7 crore customers.

We follow a robust multi-distribution model encompassing Bancassurance, Agency, Broking and Retail Direct Channels. On the distribution network front, we have strong distribution partners adding up our reach to every nook and corner of India, with SBI’s over 22000 branch network, Agents, other financial, OEM and digital partners.

We currently serve three key customer segments viz. – Retail Segment (catering to Individual & Families), Corporate Segment (catering mid to large size companies) and SME Segment; and are future-ready to serve the growing needs of Indians with new age-processes and services at affordable prices.

SBI General Insurance closed the financial year 2020-21 with a Gross Written Premium (GWP) of Rs. 8312 crore with a growth of 22% and net profit of the Company grew by 32%. The company has shown steady growth for the past 4 years, while maintaining positive track record of underwriting.