SBI General Insurance, one of India’s leading general insurance companies, partnered up with Abhyudaya Co-operative Bank Ltd. adding another key partnership and extending presence with yet another co - operative bank having a significant presence. This partnership offers the bank’s customers access to SBI General Insurance's entire range of products
The Corporate Agency Agreement was formalized by Smt. Priya Kumar (EVP & Business Head), Shri Piyush Singh (Head – Rural, Agriculture & Micro Insurance), and other senior officials of SBI General Insurance representatives along with Shri Premnath Salian (Chief Executive Officer), Shri Venkatesh Hegde (Advisor), Shri Devendra Kumar (Advisor), Shri Suhas Gokhale (Advisor) and other Senior representatives from Abhyudaya Co-operative Bank Ltd. also attended the event. This partnership will help enhance the bank's existing portfolio of financial services and offer customers a diverse range of general insurance products.
Speaking on the partnership, Smt. Priya Kumar, EVP & Business Head, SBI General Insurance, said “We are delighted to collaborate with Abhyudaya Co-operative Bank, a renowned name in cooperative banking space. This partnership allows us to extend our reach to the Bank’s customers and give r them access to entire range of products including motor, health, home, travel, cyber and commercial insurance. We look forward to fostering a mutually fruitful relationship that enhances customer satisfaction.”
This partnership reinforces the shared commitment of SBI General Insurance and Abhyudaya Co-operative Bank to empower communities by offering financial and insurance solutions catering to their diverse needs. The collaboration seeks to deliver a seamless and convenient experience for policyholders, supported by SBI General Insurance’s expertise and robust claims settlement process.
About SBI General Insurance
SBI General Insurance, one of the fastest-growing private general insurance firms, backed by the robust support of SBI upholds a legacy of trust and security. We position ourselves as India's most trusted general insurer amidst a dynamic landscape. Since our establishment in 2009, our expansion has been substantial, growing from 17 branches in 2011 to a nationwide presence of over 146 branches. In FY 2023-24, SBI General Insurance achieved significant growth, with a notable 17% increase in Gross Written Premium (GWP), reaching INR 12,731 crores.
The company received numerous prestigious accolades, showcasing its excellence across various domains. Key honors include being named the winner in the Large General Insurance category at the Mint BFSI Summit & Awards, the 3rd InsureNext Awards 2024 for Best Claims Settlement, and India’s Best General Insurer of the Year at the 7th Insurance Conclave Awards. At the India Insurance Summit & Awards 2024, the company secured titles for General Insurance Company of the Year and Leading Implementer of Analytics Technology in Insurance. Additionally, it was honored as the Best BFSI Brand at the ET NOW Best BFSI Brands Conclave 2024 and included in BW BusinessWorld’s India’s Most Respected Companies. Certified as a Great Place to Work in 2024, the company also excelled at the ETBFSI Exceller Awards 2024 with recognition for Best Claims Management in Insurance and Best CSR Campaign of the Year, further highlighting its commitment to social responsibility and innovation.
With a team of 8,000+ employees and our multi-distribution model covering Bancassurance, Agency, Broking, Rural & RetailDirect and Digital collaborations, we are committed to providing both Suraksha and Bharosa to all our consumers. Leveraging a vast network of over 22,518+ that includes, SBI branches, agents, financial alliances, OEMs, and Rural partners, we extend our services to even the most remote areas of India. By covering to Retail, Corporate, SME and Rural customers, by offering diverse product solutions through both digital and physical channels.
For more details: https://www.sbigeneral.in/
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