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SBI GI posts 115% rise in premium collection to Rs 271 crore in Q1
The number of policies issued also witnessed a 107 per cent rise to 239,082 policies during this period, the company said.
SBI General Insurance hopes to break even by FY15
Private sector general insurer SBI General Insurance hopes to break even by FY15 on the back of better underwriting practices, a top company official said today.
SBI General Insurance premium soars to Rs 425.47 crore in April-November
Sarma said the company has expanded its presence to 30 cities and plans to add another 10-15 cities before the end of this financial year.
SBI may look at IPO of general insurance business next fiscal
SBI General Insurance is a joint venture between SBI and Insurance Australia Group.
SBI looking at reducing non-core investments
The government has advised all state-run banks to sell down their non-core assets to unlock capital for funding core business.
Bhaskar Sarma takes over as MD & CEO of SBI General Insurance
Private insurer SBI General Insurance has appointed Bhaskar Jyoti Sarma as its Managing Director and Chief Executive Officer.
IAG to increase presence in India as part of Asia strategy
IAG aims to generate 10 per cent of its gross written premium in Asia by 2016, according to the group's CEO Mike Wilkins.
SBI General’s car insurance pricing to not only depend on age of vehicle but also the individual
SBI's general insurance arm has decided to pioneer profile-based pricing of motor insurance. Now the cost of insurance will depend on individual.
SBI General Insurance ties-up with My TVS, India Assistance
SBI General entered into a tie-up with My TVS and India Assistance to provide emergency roadside assistance to its policy holders anytime.
SBI General garners Rs 117 cr in premium collection
SBI General Insurance, a subsidiary of State Bank of India, today said it has garnered Rs 117.02 crore premium by the end of October 2011.
SBI hires PwC for valuation, IAG ropes in Deloitte for JV
Keen to divest further stake in its foreign partner Insurance Australia Group, the State Bank has hired consultancy PwC to carry out the valuation process for its general insurance joint venture.
SBI gets approval to divest 10% stake in SBI Life Insurance
The executive committee of the central board of the bank authorised the divestment on Monday, State Bank of India said in a statement to the exchanges.
Insurance sector may get over Rs 12,000 crore FDI in 2016: Assocham
The investment push has come as a result of liberalisation of foreign investment ceiling to 49 per cent last year through the passage of Insurance Laws (Amendment) Bill.
SBI not to sell insurance plans of other companies
Even though Irda has allowed banks to tie-up with three insurers from each segment of life, non-life and health, State Bank of India will only market schemes of its subsidiaries.
SBI looking at selling stakes in insurance subsidiaries
SBI said it is keen on selling some of its stake in insurance subsidiaries and is in talks with respective joint ventures for the same.
