SBI General Insurance

  • Mumbai, Maharashtra, Mumbai, Maharashtra, India View on Map

Overview

  • Founded Date 1 January, 1900
  • Sectors Banking/NBFC/MFI
  • Posted Jobs 2
  • Viewed 181
  • Company Size Large Cap

Company Description

SBI General Insurance is a joint venture general insurance company. State Bank of India (SBI), the largest state-owned banking and financial services company in India. SBI owns 70 per cent of the total capital.[1] Other investors are Axis Bank Asset Management Co. Ltd, Premji Invest & Warburg Pincus Group.[2][3]

The company offers a wide range of insurance products and services, in the retail and commercial space.[4] Its offerings include personal accident, home, health, travel and motor insurance in the retail space and aviation, marine, fire, liability insurance, engineering and construction in the commercial space.[5]

In 2009, ICRA Limited gave the company an iAAA rating.[6]

The current Managing Director & CEO is Prakash Chandra Kandpal, who was appointed on 20 July 2020, by SBI General Insurance Company Limited.[7][8] The former managing director and CEO Pushan Mahapatra has been appointed as Director of Strategic Investments & Digital Initiatives and will continue to be the Whole Time Director with SBI General Insurance