Pune, 6 October, 2023 - SBI General Insurance Company Ltd., one of India’s leading insurance companies, takes a significant step towards expansion and growth with the inauguration of its second office in Pune's vibrant Chinchwad area. This expansion marks a significant milestone in the Company's journey, emphasizing its unwavering commitment to making insurance accessible to all segments of the society and aligning with the ambitious goal of 'Insurance for all by 2047' as envisioned by the government.
Mr. Kishore Kumar Poludasu, MD & CEO, SBI General Insurance Company Ltd. inaugurated the branch office in the presence of Mr. Arvind Kumar Singh, Chief General Manager (Maharashtra Circle) – State Bank of India, Mr. Satish Kumar, Deputy General Manager, State Bank of India – AO Pune, Mr. Vikas Bagai, Regional Head – West 1, SBI General Insurance Company Ltd., and other dignitaries from State Bank of India and SBI General Insurance Company Ltd.
The inauguration of the second Pune branch office strengthens insurance awareness and outreach. This office serves as our commitment to protecting lives and assets in Pune and surrounding areas.
Mr. Kishore Kumar Poludasu, MD & CEO, SBI General Insurance said, "We are delighted to inaugurate our second office in Pune. The core objective of this launch is to make general insurance available across the length and breadth of the country at an affordable cost. Pune serves as one of the most important market for us, and this will further help us to boost insurance awareness in the area and support the local economy. This expansion not only demonstrates our commitment to our customers but also enables us to better serve the increasing demand for insurance products and services in this dynamic region. We will continue to provide best-in-class customer service and strive to ensure that insurance solutions are easily accessible to everyone.”
The inauguration of this office marks an important milestone in the Company's journey and represents a significant step towards achieving its vision of becoming the most trusted and preferred insurance provider in the region.
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 have the vision to become the most trusted general insurer for a transforming India.
Ever since our establishment in 2009, our growth has been exponential in various aspects. We have expanded our presence from 17 branches in 2011 to over 141 branches pan-India. Till date, we have served over 34 crore customers. We have been awarded ‘Insurer of the Year’ in the non-life category at FICCI Insurance Industry Awards, for two consecutive years in 2020 & 2021. In 2022, recognized as the 'Best General Insurance Company of the Year' at the 'Third Emerging Asia Insurance Awards' organized by the 'Indian Chamber of Commerce'.
We have a robust multi-distribution model encompassing Bancassurance, Agency, Broking, Retail Direct Channels and Digital tie-ups. The widespread network of distributors like 22437 plus SBI branches, Agents, other financial alliances, OEMs, and multiple digital partners enable us to extend our reach to the pocketed remote areas of India. We offer a bouquet of products spread across various lines of businesses that cater to customers across all segments like Retail, Corporate, SME and Rural, ensuring accessibility via digital as well as physical modes.
SBI General Insurance reported a 17.6% growth in Gross Written Premium (GWP) in FY 2022-23 and the GWP stood at Rs. 10,888 crore.
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