# SBI General Insurance: Insurance, Mumbai, India

> SBI General Insurance: SBI General Insurance Company Limited, founded in 2009 and operational since 2010, is a leading private general insurer in India.

Source: https://millionrounds.com/startup/sbi-general-insurance (Millionrounds; every figure on the page links to its filing or article)

India · [Insurance startup](https://millionrounds.com/companies)

# SBI General Insurance

SBI General Insurance Company Limited, founded in 2009 and operational since 2010, is a leading private general insurer in India.

Funding reported Last round: Private equity

Insurance Mumbai, India

Company summary

- **Founded:** 2009 17 years old
- **Team:** 9,300 1,000+ people
- **Funding reported:** 432.4M as listed, currency not stated
- **Last round:** Private equity Oct 2019

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for SBI General Insurance has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About SBI General Insurance

SBI General Insurance Company Limited, founded in 2009 and operational since 2010, is a leading private general insurer in India.

Headquartered in Mumbai, the company is backed by the State Bank of India, which holds a significant stake. SBI General serves over 34 crore customers through a network of more than 140 branches across 110 cities in India. The company offers a wide range of general insurance products tailored for retail, corporate, SME, and rural customers. Their offerings include motor, health, home, travel, and personal accident insurance for individuals, as well as fire, marine, engineering, and aviation insurance for businesses. SBI General is known for its high claim settlement ratio of 98% in FY23 and has received multiple awards for its service quality. With a strong distribution model that includes bancassurance through SBI branches, agents, and digital partnerships, SBI General continues to expand its reach and enhance its product offerings.

## What company datasets say SBI General Insurance raised

Funding, as reported

Reported in all **432.4M** in the source's currency

Rounds **1**

Last round **Private equity**

Last round size **432.4M**

Last round date **Oct 2019**

## The company, in detail

What they build

Known for

sme insurance health care consumers customer engagement strategic partnerships motor insurance general insurance vehicle safety ratings wbcis distribution product diversification information technology & services insurance financial services finance network garages

Built with from their website

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+8 more

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- **Sector:** Insurance
- **Industry code:** NAICS 524126, SIC 6361, 6331
- **Region:** Maharashtra
- **Part of:** SBI Capital Markets
- **Revenue:** 1.7B a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/sbi-general-insurance)

## Insurance in India

Startups like it

- [**Toffee Insurance** Gurugram · founded 2017 *Raised*](https://millionrounds.com/company/toffee-insurance)
- [**Square Insurance Brokers Pvt. Ltd.** Jaipur · founded 2017](https://millionrounds.com/startup/square-insurance-brokers-pvt-ltd)
- [**Pazcare** Bengaluru · founded 2020](https://millionrounds.com/startup/pazcare)
- [**Alliance Insurance Brokers Pvt Ltd** Mumbai · founded 2003](https://millionrounds.com/startup/alliance-insurance-brokers-pvt-ltd)
- [**CoverSure** Mumbai · founded 2023](https://millionrounds.com/startup/coversure)
- [**InsuranceDekho** Gurugram · founded 2016](https://millionrounds.com/startup/insurancedekho)
- [**Starhealth Insurance** Thiruvananthapuram](https://millionrounds.com/startup/starhealth-insurance)
- [**Zopper** Noida · founded 2011](https://millionrounds.com/startup/zopper)

## Is this your company?

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