Page 7 - The Insurance Times November 2025

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diate impact on its financials or opera-
SBI General Insurance posts 10.7% growth in H1 tions.
FY26, ahead of industry pace Go Digit, which went public last year,

SBI General Insurance has reported a robust 10.7% growth in Gross Writ- clarified that it will continue to engage
ten Premium (GWP) for the first half of FY26, significantly outpacing the with the authorities to resolve the
industry's overall growth of 8.1%. This performance reflects the company's matter as per law. The case highlights
strong distribution network, expanding digital presence, and growing cus- the growing scrutiny of tax compliance
tomer trust across retail and corporate segments. across the insurance sector.

The insurer recorded a GWP of Rs.6,897 crore during the April-September
2025 period, up from Rs.6,230 crore in the corresponding period last year. Cholamandalam MS Gen-
Notably, the company's health and motor insurance portfolios have seen eral Insurance sees mar-
increased traction due to rising consumer awareness and improved servic-
ing capabilities. The company's proactive use of digital tools and data ginal GWP growth in H1
analytics has also enhanced customer acquisition and claim processing. FY26
According to the release, SBI General continues to focus on balanced growth Cholamandalam MS General Insurance
across metro and non-metro markets, strengthening its partnerships with reported a marginal 2.2% increase in
over 22,000 intermediaries and leveraging SBI's vast branch network. The its Gross Written Premium (GWP) for
company aims to further deepen penetration, especially in underinsured the first half of FY26, recording
segments, and enhance its claim settlement efficiency. Rs.2,623 crore compared to Rs.2,567

The insurer remains optimistic about sustaining momentum in H2FY26 by crore in the same period last year. The
offering innovative products and expanding its digital ecosystem. With a clear subdued growth comes amid an indus-
customer-centric approach and investment in technology, SBI General is re- try environment where premium
inforcing its position as a leading private general insurer in India. growth has been variable across seg-
ments, with certain product lines wit-
nessing pricing pressures and regula-
Go Digit to contest Rs.15 headquartered insurer disclosed the
development to the stock exchanges, tory changes affecting commission
crore GST demand notice stating that the notice, dated Septem- structures.
Go Digit General Insurance has re- ber 22, was received via email. Despite the modest topline growth,
ceived a demand-cum-show-cause no- the company highlighted its continued
The company said it would file a de-
tice from the Office of the Commis- focus on profitability, customer satis-
tailed reply within the prescribed
sioner, CGST Audit-I, New Delhi, seek- timelines, providing facts, figures, and faction, and operational efficiency.
ing Rs.15 crore in Goods and Services evidence to justify its tax position. It Chola MS, a joint venture between
Tax (GST) along with interest and ap- maintained that the claim is under Murugappa Group and Japan's Mitsui
plicable penalties. The Bengaluru- contention and there will be no imme- Sumitomo Insurance, remains focused

The Insurance Times November 2025 7