SBI General Insurance partners with IntrCity RailYatri to provide domestic travel insurance to bus travelers

SBI General Insurance has partnered with IntrCity RailYatri, a multi-modal intercity mobility platform, to provide Domestic Travel Insurance to customers opting to travel/commute through IntrCity RailYatri. This partnership will enable the domestic bus travelers to avail complementary travel cover w

by Team PITCH
Published - December 15, 2020
3 minutes To Read
SBI General Insurance partners with IntrCity RailYatri to provide domestic travel insurance to bus travelers

SBI General Insurance has partnered with IntrCity RailYatri, a multi-modal intercity mobility platform, to provide Domestic Travel Insurance to customers opting to travel/commute through IntrCity RailYatri. This partnership will enable the domestic bus travelers to avail complementary travel cover worth Rs. 5 Lacs along with the travel ticket. Under this partnership, SBI General’s insurance will provide a wide variety of coverage including accidental death, permanent total disability, and medical evacuation. Amar Joshi, Chief Business Officer, SBI General Insurance said, “Today, the impact of digitization has reached every aspect and every segment of economy. This has also seen penetration in domestic travel bookings. It is important to secure any kind of journey, and with insurance being plugged-in at the point of travel booking, it ensures a complete and safe travel package. At SBI General, we believe this partnership will also help increase the insurance penetration in India and ensure a safe travel experience for customers.” Manish Rathi, CEO, IntrCity RailYatri said, “The safety of our passengers is and always will be of utmost importance to us. SBI General’s Insurance solution matches our commitment of providing a safe, convenient, and reliable journey experience and it complements our other initiatives to create comprehensive solution. Under this partnership, we have waived off travel premium charges to the traveler, which means every IntrCity SmartBus traveler gets complementary travel insurance cover with the bus ticket.” About SBI General Insurance Company Limited: With the strong parentage of SBI, we, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and to become the first choice for every Indian’s general insurance needs. Ever since our establishment in 2009, from 17 branches in 2011, we have expanded our presence to around 123 branches pan-India. We follow a robust multi-distribution model encompassing Bancassurance, Agency, Broking and Retail Direct Channels. Today, our distribution family includes over 22,900 IRDAI certified advisors including the State Bank Group employees, and over 12,000 Agents to make insurance easily available even in the remote areas of the country. On the distribution network front, we have strong distribution partners adding up our reach to every nook and corner of India, with SBI’s over 22000 branch network, other financial and digital partners. Our current geographical exposure covers 125+ cities pan-India with a presence of another 350+ locations through satellite resources. We currently serve three key customer segments viz. - Retail Segment (catering to Individual & Families), Corporate Segment (catering mid to large size companies) and SME Segment; and are future-ready to serve the growing needs of Indians with new age-processes and services at affordable prices. SBI General Insurance closed the financial year 2019-20 with a Gross Written Premium of Rs. 6840 cr at a YoY growth of 45%.

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