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

Witnesses 219% growth in premium collection

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.

image
Business Standard
177 22
Business Standard

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

Witnesses 219% growth in premium collection

Priya Nair  |  Mumbai 



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.

RECOMMENDED FOR YOU

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.

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.

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine
Advertisement

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard