- No sub-limits on room & ICU rent
- Zero limit on doctor’s fees
- add-on covers available
- Availability of flexible plans
Most Popular Policies of SBI General Insurance
- SBI Health Insurance Policy
This health plan provides utmost financial protection to policyholders in time of hospitalization and other treatment expenses.
Key features of health insurance plan
- SBI Motor Private Car Insurance Plan
The plan provides coverage to the policyholders' own vehicle and damage and loss of third party cars.
Key features of Private Car Insurance Plan
- Coverage available against third party liabilities
- Damages to policyholders' own vehicle is covered
- Personal accident coverage is available
- Availability of add-on covers
- SBI Long Term Home Insurance Policy
This home insurance plan offers complete and lasting protection to the residence of the policyholders.
Key features of Long Term Home Insurance Policy
- In-built coverage against earthquake
- Wide range of policy tenure from 3 to 30 years
- Optional coverage against terror act available
- Protection available against water tanks burst, missile testing operations
- SBI Individual Personal Accident Policy
This policy provides compensation against death, disabilities and loss of income of policyholders because of an Accident.
Key features of Individual Personal Accident Policy
- Allowance available for hospitalization with add-on cover
- Permanent Total Disability benefit available
- Adaptation Allowance and Education Benefit available with add-on cover
- Availability of cumulative bonus
SBI General Insurance Company
SBI General Insurance Company is the outcome of the joint enterprise between the State Bank of India and IAG or Insurance Australia Group. Out of the total capital, SBI possesses 74% while IAG owns the rest of 26%.
About State Bank of India
State Bank of India is the owner of the biggest banking franchise in India. It is also India’s premier commercial banking organization on the basis of profit, balance sheet, deposits, assets, branches and employees.
Armed with 5 Associate Banking establishments, SBI Group has the standout force of more than 19,600 branches all over India which is debatably one of the biggest in the world. State Bank of India along with its associate banks boasts 28,198 ATMs that complements 19,698 network branches of SBI.
About Insurance Australia Group
Insurance Australia Group is also known as IAG. This general insurance group of companies operates in Australia, New Zealand and Asia. IAG’s employ strength is well over 15,000 and there is premium of more than A$11 billion per annum in the business underwriting of IAG.
The legacy of IAG was originated way back in 1925. The inception of the company had taken place when the National Roads and Motorists Association (NRMA) began to offer insurance products to its members in the Australian Capital Territory (ACT) and New South Wales (NSW).
About SBI General Insurance Company Limited
SBI General finished its 4th year of operation in the fiscal year 2013-14.SBI policy registered a growth of 54% as SBI General Insurance accumulated a Gross Written Premium of Rs.1188 Crores in that fiscal year. SBI General along with State Bank of India has provided Personal Accident Insurance cover to more than 1.5 Crore SBI Saving Bank Account holders.
SBI General pursues a strong multi-distribution model to streamline the supply of SBI policy that includes Agency, Broking and Retail Direct Channels and Bancassurance. At present, the Distribution family of SBI General Insurance comprises 4,800 Agents along with more than 11,000 SBI and Associate Bank employees certified by IRDA.
Currently, the SBI General enjoys widespread presence across India. The total reach encompasses 56 cities in India and by its satellite resources; this premier insurance establishment boasts presence in more than 350 different other locations. Presently, SBI General Insurance caters to three main segments when it comes to selling out SBI policy. The Retail Segment caters to families and individual while the SME Segment takes care of small and medium-sized enterprises. The corporate segment focuses on medium to large scale companies.
There is a wide range of SBI policy on offer such as SBI health insurance, SBI motor insurance along with home and personal accident insurance to individual. SBI General Insurance also provides businesses with a myriad of insurance policies as well. Some of these insurance covers are Aviation, Marine, Fire, Construction & Engineering, Liability, Package, Group Personal Accident plan, Group Health policy and the likes.
SBI General aims to become the most reliable general insurer in India by providing customers with cost-effective SBI policies transparent and ethical business practices. The entire nation is making valiant effort to increase insurance penetration in all parts of India and SBI General Insurance is at the forefront of this nationwide endeavor.
SBI Motor Insurance Plans
SBI Travel Insurance Plans
SBI Home Insurance Plans
Contact Details — SBI General Insurance Company :
NatraÂ, 101, 201 & 301,
Junction of Western Express Highway & Andheri Kurla – Road,
Andheri (East), Mumbai – 400 069
Phone: 1800 22 1111 / 1800 102 1111