MoneyWorks4Me

SBI’s arm inks pact with Mahindra Insurance Brokers

10 Dec 2020 Evaluate

State Bank of India’s (SBI) subsidiary -- SBI General Insurance has partnered with Mahindra Insurance Brokers (MIBL) to raise its penetration in tier-II and III cities. This association will enable the company to provide health insurance cover to a significant number of people in tier-II and III cities and generate employment.

Under this 'Sajhedaari programme', the insurer hopes to make a significant milestone in realising its vision to be the most-trusted general insurer. SBI General is also associated with MIBL for new car, commercial vehicle, tractors and used-car insurance.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 940.40
PNB 115.90
Bank Of Baroda 235.50
Canara Bank 118.25
Union Bank Of India 172.70
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