About Us

SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence of over 146 branches. In FY 2023-24, SBI General Insurance achieved significant growth, with a notable 17% increase in Gross Written Premium (GWP), reaching INR 12,731 crores.

The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named the winner in the Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India’s Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld’s India’s Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and innovation.

With a team of 8,000+ employees and our multi-distribution model covering Bancassurance, Agency, Broking, Retail Direct Channels, and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network of over 22,518+ that includes, SBI branches, agents, financial alliances, OEMs, and digital partners, we extend our services to even the most remote areas of India. Our offerings cater to Retail, Corporate, SME and Rural segments, and our diverse product portfolio ensures accessibility through both digital and physical channels.

For more details: https://www.sbigeneral.in/

Promoters

State Bank of India enjoys the largest banking franchise in India. State Bank of India is country's largest & a premier commercial Bank in terms of balance sheet, profits, assets, deposits, branches and employees. Through the merger of 5 Associate Banks, SBI Group has significantly extended its reach, and network and will benefit from common treasury pooling. SBI now finds itself amongst the world’s largest banks, with a treasury pool of Rs. 10,50,702 crore, with 22,311 branches and 51,808 ATMs. State Bank of India is today going through a momentous phase of Change and Transformation. The Bank has ventured into many new businesses with strategic tie ups in Pension Funds, General Insurance, Custodial Services, Private Equity, Mobile Banking, Point of Sale Merchant Acquisition, Advisory Services, structured products etc each one of these initiatives having a huge potential for growth.

The Bank is surging ahead with cutting edge technology and innovative new banking models, to expand its reach. With 51,808 pan India ATMs complementing its 22,311 branch network, State Bank of India today offers one of the largest banking network to the Indian customer.

Premji-Invest is an investment office sponsored by Mr Azim Premji, Chairman of Wipro Ltd and manages over USD 4 billion of committed capital. Besides building Wipro into one of the leading global multinationals, Mr. Premji is actively engaged in philanthropic activities with a focus on education to create an equitable India through his Foundation and Premji Invest supports his and the Foundation’s initiatives as their investment office.

With offices in India and United States, Premji Invest is focused on both private equity and public equity investments and seeks to partner with companies and management teams that can leverage on growth opportunities with strong execution and integrity. We consider investments across various sectors that underpin India’s growth and are specifically interested in the financial services, technology & consumer sectors that already accounts for a significant portion of our portfolio.