Business Standard

SBI General Insurance collects Rs 425 cr premium in Apr-Nov

Witnesses 219% growth in premium collection

Related News

has collected a of Rs 425.47 crore in the period April-November 2012, which is a growth of 219%, over the same period last year.

The company has expanded its presence to 30 cities and will add another 10-15 cities to its network before the end of the current financial year, said Bhaskar Sarma, MD and CEO, SBI General Insurance.

"We are now well poised to take-off and accelerate the growth in the next four months to cross a Gross Written Premium level of Rs 700 crore in this financial year,” Sarma said.

Since last year, the company has expanded its footprint to cover rural areas as well. The rural sector accounted for 19% of its premium income amounting to Rs 80.02 crore in the April-November period, said a press release from the company.

Read more on:   
|

Read More

It's a dog's life in insurance, too

It’s a dog’s life – in insurance, too. Though public sector general insurers and some private ones have offered this cover to tap the growing number ...

Quick Links

More news from Finance Rss icon

India's foreign exchange reserves rise by $1.31 bn

The country's foreign exchange reserves rose by $1.31 billion for the week-ended October 10 to $312.74 billion, show data released by the ...

RBI in talks with govt over a Financial Resolution Authority

Describes relationship with Centre as cordial, sees economic growth picking up

PSU banks eye sale of family silver to raise cash

Bad loans and lacklustre profits might drive the lenders to begin the sale of billions of dollars of unwanted assets to raise cash

Back to Top