The insurer’s bottom line has taken a 2–3 percent hit after individual and health insurance premiums were exempt from GST but effect is short term and manageable, the CEO tells Moneycontrol
According to the company’s release, the company’s health business grew 41 percent, personal accident (PA) segment rose 48 percent, and the motor insurance portfolio expanded 17 percent
Responding to questions about the initial public offering (IPO) plans for SBI General Insurance, Setty said no fixed schedule has been set.
Premji Invest and New York-based Warburg Pincus agreed to buy 16.01% and 9.99% of SBI General Insurance, respectively, in 2019 from Insurance Australia Group Ltd. in a transaction that was completed in 2020.
Excluding the impact of the 1/n accounting norm, the company's filing says, SBI General’s GWP growth was even stronger at 14.5 percent, growing 1.7 times faster than the industry
The Great Place to Work Certification serves as a confirmation of SBI General’s s commitment to supporting its workforce and delivering top-notch service to its customers.