The Business Bytes
TBB BUREAU
GURUGRAM, APRIL 12, 2021
Pramerica Life Insurance Ltd on Monday announced the elevation of Kalpana Sampat as its Managing Director & CEO with effect from April 9, 2021. Prior to this appointment, she was the Chief Operating Officer of the Company.
With her elevation, Sampat becomes one of the three female CEOs in the Indian life insurance sector, where the executive suite is still a male bastion.
“Kalpana is a respected leader in life insurance with an exceptional record. The Board is optimistic that the company can deliver substantial strategic and operational progress under her able leadership,” said Sunil Kumar Bansal, Chairman, Pramerica Life Insurance Limited.
On her appointment, Sampat said, “I am honoured by our Company Board’s decision and appreciate the trust posed in me by the shareholders and the Board. Our joint venture partner ‘Prudential Financial Inc.’, is an incredible global institution with a proud history. I am excited to collaborate with all my colleagues, in writing the next chapter at Pramerica Life Insurance and am fully committed to the responsibility bestowed on me.”
Prior to joining Pramerica Life Insurance, Sampat was the CEO for Swiss Reinsurance Co., India branch, and was instrumental in its launch in 2015.
She is a certified ACMA, a Fellow of the Insurance Institute of India and Associate of the Chartered Insurance Institute UK. She has also been a guest faculty at the National Insurance Academy since 2003.
With this instrumental change in leadership, the Company is looking to achieve greater heights and serve its customers with vigour.
