General insurance will grow by 18-24% in FY24: Kishore Kumar Poludasu

SBI General Insurance is a multi-product and multi-channel distribution network, said Poludasu

Retail health insurance product sales have picked up after the pandemic due to increasing awareness and entry of new players, says Kishore Kumar Poludasu, managing director (MD) and chief executive officer (CEO), SBI General Insurance. He spoke to Manojit Saha in an interview during Business Standard’s The Banking Show. Edited excerpts:

How did the motor insurance segment perform in recent quarters? Is the growth back to pre-Covid levels?

When you see motor insurance, the automobile sector is especially growing very fast. The growth momentum is there in both petrol vehicles as well as battery-operated ones. This momentum will grow further,