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:   
|

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

Witnesses 219% growth in premium collection

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

SBI General Insurance has collected a premium 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.

image

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 ...

Recommended for you

Advertisements

Quick Links

More news from Finance Rss icon

CCI dismisses complaint against Tamilnad Mercantile Bank

Order was made after a complaint filed by a timber company

SBI to make room for foreign partner

To cut stake in general insurance venture to 51% from 76%

UBI won't lend aggressively despite removal of lending restriction: CEO

The bank will continue to focus on lending to retail and SME sectors

Back to Top