SBI General Insurance posted a 481 per cent jump in premium income to Rs 250 crore in 2011-12. The last fiscal was its first full year of operation. As much as 52 per cent of its business came from the retail segment, the corporate segment accounted for 35 per cent, and the SME segment, 13 per cent.
The company, which operates out of 25 locations, plans to add 25-30 branches in Tier-II and Tier-III towns this year.