Sbi Life Shares Hit Fresh 52 Week High After Irdai Nod for Amit Jhingran’s Appointment As CEO
08/09/23, 6:53 AM
Location
mumbai
Position
chief executive officer
Amit Jhingran has over three decades of experience in the insurance sector and serves as the Assistant General Manager of the Hyderabad Circle. He joined the company in 1991 as a probationary officer and has served in various positions at SBI Life since then.
Shares of SBI Life Insurance Company Limited hit a new 52-week high of Rs 1,374.85 apiece on BSE in trade on Wednesday after the Insurance Regulatory and Development Authority of India approved the appointment of Amit Jhingran as the new Managing Director and Chief Executive Officer.
Amit Jhingran has over three decades of experience in the insurance sector and serves as the Assistant General Manager of the Hyderabad Circle. He joined the company in 1991 as a probationary officer and has been with SBI Life since then
Company Info
Location
mumbai, maharashtra, india
Additional Info
SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.
Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.
Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.
SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 996 offices, 22,015 employees, a large and productive individual agent network of about 222,822 agents, 68 corporate agents and 14 bancassurance partners with more than 39,000 partner branches, 133 brokers and other insurance marketing firms.
In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.
SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2022-23, the Company touched over 1.1 lakh direct beneficiaries through various CSR interventions.
Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion and a paid up capital of Rs.10.0 billion. The AuM is Rs. 3,282.8 billion.
For more information, please visit our website-www.sbilife.co.in
(Numbers & data mentioned above are for the period ended June 30, 2023)