New Document top_band
 
Business Standard

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

Witnesses 219% growth in premium collection

Read more on:    Premium | Sbi General Insurance
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

News Rss icon

LIC Housing Finance takes over Orbit Corp's Mumbai property

Orbit's total amount outstanding is Rs 95.50 crore including interest, expenses and other charges

VCES a rare opportunity, make fresh start, says Chidambaram

The FM asked hose in trade and industry to seize the offer

Govt allows greater flexibility for pension fund investments

But the EPFO board would need to approve the changes before they become official

Back to Top