SBI General Insurance sets target of 30% spike in premium collection

SBI General Insurance is also investing heavily in digital, partnership and analytics space, says MD Pushan Mahapatra

Non-life insurer SBI General Insurance Company Ltd aims for 30 per cent growth this fiscal, over Rs 4,717 crore Gross Written Premium (GWP) clocked in 2018-19.

“The premium collection in the last fiscal was Rs 4,717 crore. We aim to grow by about 30 per cent during the financial year. The general insurance industry is expected grow 13 to 15 per cent during the financial year and SBI General Insurance aims to grow by 200 per cent compared to industry”, Pushan Mahapatra, managing director and chief executive officer of SBI General Insurance, told media persons.

A joint venture of State