In financial year 2019, State Bank of India saw a retention rate of 92 percent in its own-damage motor segment. This was around 95 percent in the previous financial year, indicating a dip in the customer retention capacities of the public insurance company.
Retention rate of State Bank of India own-damage motor insurance from financial year 2015 to 2019
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Retention rate
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HDFC Securities. (October 1, 2019). Retention rate of State Bank of India own-damage motor insurance from financial year 2015 to 2019 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1079396/india-state-bank-of-india-motor-own-damage-insurance-retention-rate/
HDFC Securities. "Retention rate of State Bank of India own-damage motor insurance from financial year 2015 to 2019." Chart. October 1, 2019. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1079396/india-state-bank-of-india-motor-own-damage-insurance-retention-rate/
HDFC Securities. (2019). Retention rate of State Bank of India own-damage motor insurance from financial year 2015 to 2019. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1079396/india-state-bank-of-india-motor-own-damage-insurance-retention-rate/
HDFC Securities. "Retention Rate of State Bank of India Own-damage Motor Insurance from Financial Year 2015 to 2019." Statista, Statista Inc., 1 Oct 2019, https://www.statista.com/statistics/1079396/india-state-bank-of-india-motor-own-damage-insurance-retention-rate/
HDFC Securities, Retention rate of State Bank of India own-damage motor insurance from financial year 2015 to 2019 Statista, https://www.statista.com/statistics/1079396/india-state-bank-of-india-motor-own-damage-insurance-retention-rate/ (last visited July 03, 2024)
Retention rate of State Bank of India own-damage motor insurance from financial year 2015 to 2019 [Graph], HDFC Securities, October 1, 2019. [Online]. Available: https://www.statista.com/statistics/1079396/india-state-bank-of-india-motor-own-damage-insurance-retention-rate/