SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total capital and IAG the remaining 26%.

SBI General will be a technology driven company with state-of-the-art IT systems. It will be a multi-product, multi-segment and multi-channel company. SBI General is in the process of setting up a unique multi-distribution model encompassing Bancassurance, Agency, Broking & Retail Direct (On-line & Tele Sales) channels. Bancassurance will be the major channel during the initial years.

SBI General's Vision is to emerge as the most trusted protection provider with fair and transparent business practices and lead the nation's effort in increasing general insurance penetration as well as partnering the nation in reducing risks systematically.

SBI General in course of time will introduce innovative and well-diversified portfolio of products at competitive prices & convenient to buy.