Download Brochure Webcast
Home | Editions: 2014 | 2015 | Call: +91 8268002164 | Email: |

General Insurance Partner
Bajaj Allianz General Insurance received an Insurance Regulatory and Development Authority of India (IRDAI) certificate of registration on 2 May 2001 to conduct general insurance business, including health insurance, in India. In the first year of its operations the company had 36 offices and around 100 employees. The company started its operations with a paid up capital of ?1.10 billion. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE. Bajaj Allianz is headquartered in Pune with offices in over 200 cities in India and more than 3,500 employees as of 2015.[4]

The Company lists 97 filed and approved products, of which 27 are health products.[5]

In January 2014, the company announced it would open up all-women branches. As of 2015, the company has 30 such branches in India.[6]
National Insurance Company Ltd. is India’s oldest general insurance Company. It was incorporated in Kolkata on 5th December, 1906, during the height of the Swadeshi movement, as a part of the nationalist aspiration for Swaraj.

In 1972, after nationalization it was merged along with 21 foreign and 11 Indian companies to form National Insurance Company Ltd, one of the 4 subsidiaries of the Govt. owned General Insurance Corporation of India. The only Public Sector General Insurance company with Headquarters in Kolkata, National Insurance has several Firsts to its credit –it was the first to introduce Product Customisation, both Corporate and rural -an extension of which is the specialized Techno Marketing Project Cells for insuring mega projects and the Farmers Package Policy to suit the agrarian customer.
Company Profile: SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%.

SBI General closed the financial year 2014-15 (5th year of operation) with a Gross Written Premium of Rs.1606 crores (including RI accepted and decline pool of Rs. 30 crores) and Gross Direct Premium of Rs. 1577 crores, registering a growth of 33%. As of end of March 2015, the Company’s geographical coverage extends to 77 cities pan India with 2246 employees.

SBI General has established its presence in 17,274 branches of State Bank of India and also licensed 10 Regional Rural Banks in FY 2014-15. The Company follows a robust multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct Channels. Today, SBI General’s Distribution family includes over 14,178 IRDA certified SBI & its Associate Bank employees and over 6323 Agents.

The current policy offering of SBI General covers Motor, Health, Personal Accident, Travel & Home Insurance for Individuals and Fire, Marine, Package, Construction & Engineering, Liability, Group Health, Group Personal Accident & Miscellaneous Insurance for Businesses.