SBI General Insurance
SBI General Insurance is one of the fastest growing Insurance companies in India, which is the brainchild of SBI, carrying forward the legacy and trust of the bank. SBI owns 70% stake, while Napean Opportunities LLP owns 16.01%, Honey Wheat Investment owns 9.99%, PI opportunities fund owns 2.35% and Axis New Opportunities owns 1.65% stake in SBI General Insurance.
Established in the year 2009, the company has more than 139 branches and has served over 10.67 crore customers with their range of insurance products.
With their robust multi-distribution model that has over 22000 SBI branches and a number of retail digital partners and online distributors, they are able to seamlessly deliver their products across the lengths and breadths of this country. They offer a bouquet of Insurance products both in the retail as well as commercial segment. Their Gross Written Premium (GWP) stood at 9260 in FY 2021-2022 and their health insurance product has grown over 50% in the last financial year.
Vision
SBI General Insurance’s vision is to become the most trusted insurance provider in India
Mission
Their mission is to provide simple and innovative insurance solution to customers and build a sustainable business for the future
- ET Best BFSI brand award in the year 2018
- Certified for ISO 27001:2013
- Bancassurance Leader Award by Fintelekt in 2017
- Certified as Great Place To Work by Great Place to Work® Institute, India in 2017.
- Best BFSI Brand award in year 2016 by Economic Times
Our Product Portfolio
SBI Health Insurance
SBI has a range of Health Plans with unique benefits and features that the customers can avail. Medical treatment costs are spiralling continuously in our country. Therefore, it is essential for every citizen to own a health policy which may come to their rescue at the time of emergency. Understanding this, SBI has developed many health plans that the customers can avail at an affordable premium. Buying a health policy from SBI will provide you beneficial healthcare services and give you peace of mind
- Coverage available from Basic illness to various critical illnesses
- Sum insured available at all levels
- No Medical Screening required for people upto 45
- Get Cashless treatment from 6000+ Network Hospitals
- Lifelong Renewability with Multiple Premium Payment Option
- OPD expenses
- Daily Cash Benefits
- Cumulative Bonus from 10% to 50%
- Tax Benefits under 80D
- Ayush Treatment covered
- Hospitalization expenses
- Ambulance Charges
- Maternity Expenses
- Domiciliary Hospitalization
- Organ Donor expenses
- An alternative treatment in recognized hospitals
- Compassionate Visit
- E-opinion
- Cosmetic Procedure
- Gender Change Procedure
- Treatment for Alcohol/Drug abuse
- Hazardous activity
- Intentional Self-harm
- Congenital illnesses
