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SBI General Insurance Company Limited began operations as a joint venture between the State Bank of India (SBI) and the Insurance Australia Group (IAG) (IAG). SBI General Insurance now owns 70% of the company, while Napean Opportunities LLP (a Premji Invest affiliate) owns 16.01 percent, Honey Wheat Investment Limited, a Warburg Pincus Group entity, owns 9.99 percent, PI Opportunities Fund-1 owns 2.35 percent, and Axis New Opportunities AIF-I owns 1.65 percent.
The general insurance company offers a wide range of insurance products in both retail and commercial spaces at competitive prices, making insurance services available to a wide spectrum of people.
In the retail sector, the company offers products such as Motor Insurance, Health Insurance, Personal Accident Insurance, Travel, and Home Insurance, while in the commercial sector, it offers products such as Aviation Insurance, Fire Insurance, Marine Insurance, Construction, and Engineering Insurance, and so on.
