The strategic decision of the SBI, taken a year back, has now shown the results. SBI has recorded a great start in its first year of operations in General Insurance sector in Kolkata. SBI covered 17,000 customers in the Kolkata region in the corporate, small and medium enterprises (SMEs) and retail segments.
Across all the three segments, the company touches the premium income of Rs. 17 crores.
The general insurance company will now try to focus on its growth in retail portfolio in motor, health and home segments to reap more profits.
“The company will also give special emphasis on the SME sector during current fiscal,” said Mr. Pabitra Kumar Adak, Vice-President and Branch sales head-Kolkata.
The company is trying to expand in motor insurance sector apart from Bancassurance channel with the presence of SBI General across 655 SBI branches in whole Kolkata region.
Across all the three segments, the company touches the premium income of Rs. 17 crores.
The general insurance company will now try to focus on its growth in retail portfolio in motor, health and home segments to reap more profits.
“The company will also give special emphasis on the SME sector during current fiscal,” said Mr. Pabitra Kumar Adak, Vice-President and Branch sales head-Kolkata.
The company is trying to expand in motor insurance sector apart from Bancassurance channel with the presence of SBI General across 655 SBI branches in whole Kolkata region.
