SBI General Insurance Premium Soars to Rs 425.47 crore in Apr-Nov.
SBI General Insurance has garnered premium of Rs 425.47 crore in the first eight months (April-November) of the ongoing financial year, a rise of 219 per cent over the same period in the previous fiscal.
We are now well poised to take-off and accelerate the growth in the next four months to cross a GWP (gross written premium) level of Rs 700 crore in this fiscal, he added.
Mr. Sarma said the company has expanded its presence to 30 cities and plans to add another 10-15 cities before the end of this financial year.
According to the company, the company have issued nearly four lakh policies across retail, SME and corporate segments.