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SBI General Insurance aims at Rs 6,000-crore premium income in FY20

The company is bullish on SME and health segments to counter slowdown in auto space

revenue, tax, income tax
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Virendra Singh Rawat Lucknow
SBI General Insurance is aiming at a total premium income of more than Rs 6,000 crore in the 2019-20 financial year. A joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG), the company reported Rs 4,717 crore in premium revenue in FY19, SBI General Insurance MD and CEO Pushan Mahapatra said.

“Last year, SBI General Insurance posted more than 33 per cent growth in comparison to the industry growth of about 13 per cent. In the first quarter (Q1) of the current financial year, ended June 2019, we have reported 26 per cent growth compared to the

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