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What is SBI General Insurance Company and its plans

What is SBI General Insurance Company and its plans

What is SBI General Insurance Company
What is SBI General Insurance Company

What is SBI General Insurance?

SBI General Insurance is an insurance company in India that offers a range of insurance products, including personal, commercial, and industrial insurance.

The company is a joint venture between the State Bank of India, one of the largest banks in India, and Insurance Australia Group (IAG), an international insurance company based in Australia.

The company offers a wide variety of insurance products, such as motor insurance, health insurance, home insurance, travel insurance, and more.

SBI General Insurance also offers online policies, online claims, and online renewal facilities for the convenience of their customers.

SBI General Insurance Policy


SBI General Insurance offers a variety of insurance policies to individuals and businesses in India. These policies include:

Motor Insurance: SBI General Insurance offers motor insurance policies for both private and commercial vehicles, including cars, motorcycles, and trucks.

Health Insurance: They offers health insurance policies for individuals and families, including both individual and family floater policies, as well as critical illness policies.

Home Insurance: policies that cover the structure of the home, as well as personal belongings and valuables inside the home, in case of damage or loss due to natural or man-made events.

Travel Insurance: They offers travel insurance policies for individuals, families, and groups traveling domestically or internationally, including coverage for medical expenses, trip cancellation, and lost or stolen baggage.

Commercial Insurance: They have insurance products for commercial risks like SME Package, Marine Cargo, Liability and others

Cyber Insurance: covers the financial losses of the company against any cyber-attacks or data breaches

These are some of the insurance products offered by SBI General Insurance. The specific coverage and terms of each policy may vary depending on the type of policy and the options chosen by the policyholder.

SBI General Insurance is Private or Government Company?

SBI General Insurance is a private company. It is a joint venture between the State Bank of India, which is a government-owned bank in India, and Insurance Australia Group (IAG), an international insurance company based in Australia.

The State Bank of India holds a 74% stake in the company, while IAG holds the remaining 26%. Even though government bank is having the major share of the company it is considered as a private company.

Plans of SBI General Insurance

SBI General Insurance offers a wide range of insurance plans to individuals and businesses in India. Some of the plans offered by the company include:

Motor Insurance: SBI General Insurance offers motor insurance plans for both private and commercial vehicles, including cars, motorcycles, and trucks. The plans cover damages to the vehicle due to accidents, natural calamities, and man-made hazards.

Health Insurance: They offers individual health insurance plans, family floater plans, and critical illness plans that cover medical expenses due to illnesses and accidents.

Home Insurance: SBI General Insurance provides home insurance plans that cover the structure of the home, as well as personal belongings and valuables inside the home, in case of damage or loss due to natural or man-made events.

Travel Insurance: They offers travel insurance plans for individuals, families, and groups traveling domestically or internationally. The plans cover medical expenses, trip cancellation, and lost or stolen baggage

Commercial Insurance: They have insurance products for commercial risks like SME Package, Marine Cargo, Liability, Cyber insurance and many more

Cyber Insurance: They offers a Cyber Insurance policy that protects business against the financial losses of the company due to cyber-attacks or data breaches

These are some of the insurance plans offered by SBI General Insurance. The coverage, terms, and conditions of each plan may vary depending on the type of plan and the options chosen by the policyholder.

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