SBI General Insurance supports the COVID-19 Vaccination drive by covering cost for low-income beneficiaries

More than 37,000 senior citizens and group of people above 45 with co-morbidities to benefit

Thursday, March 25, 2021: SBI General Insurance, one of India’s leading general insurance companies, extends their support to the COVID-19 vaccination drive, under their CSR initiative. Through this program, SBI General will cover the cost of two shots of COVID-19 vaccination, for low-income groups in Maharashtra and Andhra Pradesh.

Starting today, this initiative will provide free COVID-19 Vaccination to more than 37,000 beneficiaries covering senior citizens and people with co-morbidities in select locations viz Usmanabad, Raigad, Palghar, Jalgoan, Latur, Ahmednagar, subdistrict of Yavatmal and Chandrapur, outskirts of Mumbai, outskirts of Pune, outskirts of Nagpur, in Maharashtra and Amaravati (Vijayawada belt) in Andhra Pradesh.

PC Kandpal, MD & CEO, SBI General Insurance, said, “At SBI General Insurance, we are driven with the mission to serve the most vulnerable communities and people at risk with sustainable interventions that can help in transforming their lives. Aligned with this mission, in our small way, we are trying to support Government’s COVID-19 vaccination drive by reaching out to the underprivileged section of society and provide them with two shots of free vaccinations at private hospitals. This is also aimed to accelerate the vaccination drive to the needy population as soon as possible, which shall further help in restraining the spread of Coronavirus.”

This initiative intends to further enable the unprivileged population to optimally benefit from this vaccination drive. 

Thus, keeping in mind the seriousness of the pandemic and with an objective to increase the number of people getting Covid-19 vaccination, especially in Maharashtra & Andhra Pradesh, SBI General Insurance is one of the first corporates to extend such kind of support to the community, especially during this hour of dire need. 

About SBI General Insurance Company Limited:

SBI General is one of the fastest growing private general insurance companies, with the strong parentage of SBI, we, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and to become the first choice for every Indian’s general insurance needs.

Ever since our establishment in 2009, from 17 branches in 2011, we have expanded our presence to around 123 branches pan-India.

We follow a robust multi-distribution model encompassing Bancassurance, Agency, Broking and Retail Direct Channels. Today, our distribution family includes over 22,900 IRDAI certified advisors including the State Bank Group employees, and over 12,000 Agents to make insurance easily available even in the remote areas of the country.

On the distribution network front, we have strong distribution partners adding up our reach to every nook and corner of India, with SBI’s over 22000 branch network, other financial and digital partners. Our current geographical exposure covers 125+ cities pan-India with a presence of another 350+ locations through satellite resources.

We currently serve three key customer segments viz. - Retail Segment (catering to Individual & Families), Corporate Segment (catering mid to large size companies) and SME Segment; and are future-ready to serve the growing needs of Indians with new age-processes and services at affordable prices.

SBI General Insurance closed the financial year 2019-20 with a Gross Written Premium of Rs. 6840 cr at a YoY growth of 45%.