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

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.

Source: The Economic Times