Friday, April 30, 2021

SBI General Insurance To Support “Vaccination For Its Agents And POSPs”

SBI General Insurance (SBIG) has reiterated its commitment to the well-being of its people by sponsoring the cost of vaccination for its agents and POSPs. The vaccination is extended to all advisors who have remained active with SBI General since March Year 2020 and are eligible for vaccination under the government’s current norms. 

Further, this option is also extended to the spouses and dependent parents or in-laws of the advisor, up to a maximum of four members. 

Mr. PC Kandpal, MD and CEO SBI General Insurance said, “At SBIG, we have always kept ‘people’ at the center of everything that we do. The COVID-19 pandemic has created unprecedented challenges for businesses and people across the world. It’s certainly commendable to witness our own COVID warriors i.e. our channel partners, who have stood firm and helped the organisation navigate the uncertain environment. Through this initiative, we aim to honour our channel partners – agents & POSPs and encourage them to get vaccinated at the earliest to protect themselves and their families”. 

This initiative exemplifies SBIGI’s philosophy ‘We care for your health’ and highlights the integral role that organisations can play in the health and well-being of their people and partners. It is also a step in the right direction as India continues to take steps to mitigate the health and economic impact of the pandemic.  

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%.  

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