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SBI General Insurance FY21 gross written premium rises 22% to Rs 8,312 crore

Synopsis

The non-life insurer increased its customer base by more than 3 crore during FY21.

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“FY21 demanded special focus on the health and SME lines, and we managed to maintain a balanced growth. We are also scaling up our product bouquet," he said.
Kolkata: SBI General Insurance on Friday said its gross written premium rose 22% in FY21 at Rs 8312 crore while it booked a net profit of Rs 544 crore.

The non-life insurer increased its customer base by more than 3 crore during FY21.

“We all have gone through challenging times in the last financial year, however, I’m glad that SBI General has shown a decent growth in top line and bottom line with the support of our distribution partners and customers," managing director PC Kandpal was quoted as saying in a press statement.

“FY21 demanded special focus on the health and SME lines, and we managed to maintain a balanced growth. We are also scaling up our product bouquet," he said.




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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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