SBI Life’s Appointment of Amit Jhingran as MD & CEO Receives IRDAI Approval
SBI Life’s Appointment of Amit Jhingran as MD & CEO Receives IRDAI Approval: Amit Jhingran has been appointed as the new Managing Director and Chief Executive Officer of SBI Life Insurance Company Limited by the Insurance Regulatory and Development Authority of India (IRDAI). Amit Jhingran has over three decades of experience in the insurance sector and serves as the Assistant General Manager of the Hyderabad Circle. He started with SBI Life in 1991 as a probationary officer and has been with the company ever since. Amit Jhingran was also the CEO of SBI in Chicago.
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About the SBI Life Insurance Company Limited
SBI Life Insurance Company Limited is a prominent and reputable insurance company operating in India. Established to provide a range of insurance products and services, SBI Life is a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif. With a strong foundation and backing from these reputable entities, SBI Life aims to secure the financial well-being of its customers and their families.
The company offers a diverse portfolio of insurance solutions, catering to various life stages and needs. These encompass term insurance, endowment plans, savings plans, retirement plans, and more. SBI Life is committed to providing financial security, savings, and investment possibilities that enable people to plan for a safe and prosperous future.
Driven by a commitment to customer satisfaction and innovation, SBI Life employs cutting-edge technology and customer-centric approaches to enhance its services. The company’s extensive network of branches and distribution channels ensures that its products and support are accessible to a wide range of customers across India.
SBI Life Insurance Company Limited embodies values of trust, transparency, and reliability, making it a preferred choice for individuals seeking comprehensive and dependable insurance solutions to safeguard their and their loved ones’ financial interests.
SBI Life Q1 profits
The company’s net profit increased 45 percent year on year in the June quarter. In Q1FY24, the company’s net profit was Rs 381 crore. Its net premium rose 19 per cent year-on-year from Rs 11,036 crore to Rs 13,104 crore. The insurer stated that it registered 18 per cent growth in individual new business premium at Rs 4,060 crore, while overall new business premium jumped 11 per cent to Rs 6,210 crore.