SBI General Insurance to open 7 new branches in Gujarat this year

Ahmedabad

Leading General Insurance player SBI General will open seven more branches in Gujarat by the end of this fiscal while the total number of new offices to be opened this year all over the country would be 25, Mr. Puneet Sahni, AVP – product of the company, a joint venture of the largest Indian commercial bank State Bank of India and multinational insurance firm Insurance Australia Group (AIG) today said.

     Talking to newsmen here Mr. Sahni said his company has created a records of sort by reaching the annual business figure of Rs. 1578 crore within five years of its inception. ‘Now we want to make our presence wider and there is huge scope for that as the general insurance sector has only around 0.76 percent penetration in India so far.

     He said that SBI General has 73 branches all over the country as of now and it would open 25 more in this fiscal. ‘ Of these seven would be in Gujarat where presently we have only three offices one each in Ahmedabad, Surat and Vadodara. The new ones would be in Rajkot, Bhavnagar, Gandhinagar, Palanpur, Vapi, Gandhidham and the second one in Ahmedabad,’ Mr. Sahni said.

    Later, talking to UNI, Ms. Rajul Berde, AVP- Corporate Communications and Stakeholder Engagement said that the business package product of the company could be very beneficial for the Industrial states like Gujarat.
‘ It has provision for wide range of covers to the business establishments including the SMEs in case of natural disasters like earthquake, floods and typhoons etc,’ she said.

    The company had sold a total of 14.73 lakh policies during the last fiscal. We have some very attractive health plans with very competitive premium rates ,’ she said asserting the need for spreading more and more awareness about the general insurance among common folk.

DeshGujarat