About Us

SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI.

Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 141 branches pan-India. Till date, we have served over 55.55 crore customers. We have been awarded ‘Insurer of the Year’ in the non-life category at FICCI Insurance Industry Awards, for two consecutive years in 2020 & 2021. In 2022, recognized as the 'Best General Insurance Company of the Year' at the 'Third Emerging Asia Insurance Awards' organized by the 'Indian Chamber of Commerce'.

We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 23,000 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via digital as well as physical modes.

SBI General Insurance reported a 17.6% growth in Gross Written Premium (GWP) in FY 2022-23 and the GWP stood at INR 10,888 crore.

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.