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

Banks cut lending rates to corporate sector

Lenders say they have been left with no choice but cut rates, as companies are increasingly turning to the corporate bond market for loans

Bond yields could drop to 8% in 6 months

Government bond yields are seen falling on expectations of a rate cut this financial year, due to a fall in retail inflation. Experts say the ...

SBI MF launches inflation-indexed bond

SBI Mutual Fund on Thursday said it had launched an inflation-indexed bond fund (IIBF) offering, which is aimed at investors with a low to ...

Back to Top