On December 15, 2020 SBI General Insurance Company Limited has partnered with IntrCity RailYatri to provide domestic travel Insurance to bus customers who travel through IntrCity RailYatri.
Complementary travel cover of Rs. 5 Lakhs
Under this partnership, the travel premium charges to the domestic bus travellers have been waived off, i.e., every IntrCity SmartBus traveler can avail complementary travel cover of Rs. 5 Lakhs along with the travel ticket.
Provisions of Partnership:
As part of the partnership, SBI General insurance provides various kinds of coverage, that includes accidental death, permanent total disability, and medical evacuation.
Recent Partnership of SBI General Insurance to increase Insurance Penetration:
SBI General Insurance entered into a strategic partnership with Mahindra Insurance Brokers Ltd. (MIBL) to increase the insurance penetration in tier 2 & 3 cities(Rural Indian Cities ). MIBL has collaborated with SBI General Insurance under its ‘Sajhedaari program’.
Recent Related News:
On June 9, 2020 Flipkart-owned digital payments platform PhonePe along with ICICI Lombard, the non-life insurance company launched ‘first of its kind’ travel insurance, domestic multi-trip insurance to provide a stress- free travel experience to customers by covering risks associated with all modes of travel within the country (road, rail and air within the country) from the time a customer leaves home, till the time of return.
About IntrCity RailYatri:
It is India’s 1st SmartBus network. It is a multi-modal intercity mobility platform
Chief Executive Officer(CEO)– Manish Rathi
Head Office– Noida, Uttar Pradesh
About SBI General Insurance Company Limited:
It commenced its operations in 2010 as a Joint Venture(JV) between State Bank of India (SBI) and Insurance Australia Group (IAG). SBI owns 70% of the total capital.
Headquarters– Mumbai, Maharashtra
Promoters– SBI and Premji Invest
MD & CEO– Shri Prakash Chandra(P.C.) Kandpal