SBI General Insurance

SBI General Insurance Company started its operation in the year 2010. The general insurance venture from State Bank of India has the Insurance Australia Group (IAG) as a partner in the business. SBI has a 74% stake in the company while the remainder is held by IAG.

SBI is India’s largest bank with an unparalleled distribution network with a large number of clients – both retail and corporate. SBI General can easily leverage this become a very large player in the general insurance market. With a history dating back to 1920s, the expertise of IAG group will play a crucial role in the venture.