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SBI owns 74% of the total capital and IAG the remaining 26%.
SBI General is in the process of setting up a unique multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct channels. Bancassurance will be the major channel during the initial years.
SBI General's current geographical coverage extends to 20 cities pan India and plans are on to extend this reach to another 25 cities by mid 2012. We are currently serving 3 key customer segments i.e. Retail Segment (catering to Individual & Families), Corporate Segment (catering mid to large size Companies) and SME Segment. In a short span, SBI General has emerged as one of the few General Insurance companies in India to have a dedicated SME Team catering exclusively to the needs of SME Segment.
Current Policy offering of SBI General covers Motor & Home Insurance for Individuals and Fire, Marine, Package, Construction & Engineering, Group Health & Miscellaneous Insurance for Businesses.
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