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SBI General Insurance
Nobody connects india better than SBI. Extending its banking services, State Bank of India in collaboration with and Insurance Australia Group (IAG) formed SBI General Insurance Company Limited. In this Australian Indian collaboration, SBI has the maximum capital stake with 74% while the rest 26% is with IAG.
SBI has been in dominance in the banking sector since a long time. With its 6 associate Banks, State Bank Group has an unparalleled strength of over 16,000 branches across the country, arguably one of the largest banking networks in the world. This collaboration can be termed as the association of the giants as IAG on the other hand is the is the largest non life insurance company in Australia with its operations spread across Australia, New Zealand, the United Kingdom and Asia as well.
Vast like its banking portfolio is SBI General’s too. Although it started its business operations in India during the late March 2010, they have spread like fire in the forest. Industry professionals believe that it is because of SBI’s banking reach that the masses have connected with them so well.
SBI General is a technology driven company with the state-of-the-art IT systems. A multi-product and multi-segment company, SBI General is in the process of setting up a unique multi-distribution model as well.
Products
Insurance for Individuals
SBI General empowers you to be carefree about the unexpected problems one is faced with day to day life. Accidents, theft don’t just lead to financial loss, but also psychological imbalance. SBI General’s products offers options that are created not just for the heck of it, but actually beneficial.
Motor Insurance
• Motor Private Car Insurance
• Motor Two Wheeler Insurance
Home Insurance
• Long Term Home
Insurance for Business
Where there is business there is risk. And where there is Risk there is Insurance. SBI General have just cracked it. Wide like your business operations are SBI’s policies. The Fire Insurance Policy is designed for covering loss or damage caused to various assets/properties due to fire and other hazards. Marine Cargo Insurance Policy safeguards you from risks associated with transit of goods trough the waterways. Packaged Insurance policies offer you protection against potential risk associated with medium and large sized business enterprises.
Other policies which fall under this category include construction/engineering policies, motor insurances and other miscellaneous insurances.
Fire Insurance
• Standard Fire and Special Perils
• Consequential Loss (Fire)
Marine Insurance
• Marine Cargo
Package insurance
• Industrial All Risks
Construction/ Engineering Insurance
• Electronic Equipment
• Contractors All Risk
• Erection All Risk
Miscellaneous
• Burglary Insurance
• Money Insurance
Other products that SBI General Insurance intends to launch shortly under this genre are mentioned below.
Construction/Engineering Insurance
There is a risk element always involved when it comes to construction plants & machineries. Anyloss can hamper the success of a project and run into incurable losses. SBI General Insurances helps builders & engineers overcome the stress with insurance policy that suits their needs and provide them a grip on the projects.
• Contractors Plant & Machinery
• Machinery Breakdown
• Boiler & Pressure Plant
• Consequential Loss (Machinery Breakdown)
Motor Insurance
SBI has tailor made policies that suit various needs & purposes. While SBI General covers the vehicles for personal use under its Motor Insurance umbrella, there is a great need for covering commercial vehicles also. Here are SBI General’s offerings for commercial purposes.
• Commercial Motor
Package Insurance
Pack it well & pack it safe. SBI General’s Business Package Insurance is designed keeping in mind the growing need for protection against incidents that can cause huge loss. With these policies you can ensure protection from potential loss and thus safeguard the assets that you value the most.
• Business Package
Miscellaneous
There is risk involved in everything and SBI has kept the doors open for you. Providing risk free business being their motto, SBI General seeks to provide a risk free & tension free work atmosphere for you & your business.
• Plate Glass Insurance
Contact Us today for more information on SBI General Insurance product.
Contact Address
SBI General Insurance Company Ltd.
Natraj, 101, 201 & 301,
Junction of Andheri Kurla-Road & Western Express Highway,
Andheri (East), Mumbai – 400 069
Website: www.sbigeneral.in
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