SBI General Insurance
Overview SBI General Insurance Company Limited commenced its operations in the year 2010 and is a 74: 26 joint venture between State Bank of India and Insurance Australia Group (IAG). The company offers a wide range of general insurance products in retail and commercial space at affordable prices to make insurance accessible to all individuals and businesses.The company offers a complete suite of products ranging from Motor, Health, Personal Accident, Travel and Home Insurance in the retail space and products like Aviation, Fire, Marine, Package, Construction & Engineering and Liability Insurance in the commercial space.
Why SBI General Insurance?
SBI General Insurance follows a robust multi-distribution model encompassing Bancassurance, Agency, Broking and Retail Direct Channels. Today, SBI General’s Distribution family includes over 19,000 IRDA certified employees including the State Bank Group’s employees and over 8000 Agents to make insurance easily available even in the remote areas of the country.SBI General Insurance has established its presence in nearly 21000 branches of State Bank Group. The company’s current geographical exposure covers 100+ cities pan India with a presence of another 350+ locations through satellite resources.
Why buy insurance on InsureMile online platform?
Because enquiry about insurance quotes, buying of insurance and other transactions are simple, transparent and competitive on InsureMile platform Because InsureMile does not ask you for your phone number or email details, thus you are not harassed by unwanted calls or mail. Because InsureMile will guide you, whenever you need any assistance
Motor Insurance Health Insurance Travel Insurance Home Insurance Personal Accident Insurance.
Incurred Claims Ratio
The company holds an Incurred Claims Ratio of 75.01 % for 2016/17. Incurred. Claim Ratio is calculated as the net claim settled by an insurer to the net premiums collected in any given year.
The most important differentiator is InsureMile’s ‘Buy A Policy, Feed A Child’ mission. For every policy you buy, InsureMile on your behalf contributes 25 meals to a child. You are thus becoming part of a Social Movement to eradicate hunger among children in India. There is no additional amount to be paid for the social cause. It is part of the premium. You can claim tax benefits for the donation you have made.