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Homeबड़ी सोचSBI Life’s Appointment of Amit Jhingran as MD & CEO Receives IRDAI...

SBI Life’s Appointment of Amit Jhingran as MD & CEO Receives IRDAI Approval

SBI Life’s Appointment of Amit Jhingran – The SBI Life Insurance Company Limited has appointed Amit Jhingran as its new managing director and chief executive officer, with the approval of the Insurance Regulatory and Development Authority of India (IRDAI). Amit Jhingran works as the Assistant General Manager of the Hyderabad Circle and has more than three decades of expertise in the insurance industry. He began working for the organisation as a probationary officer in 1991 and has worked with SBI Life ever since. CEO of SBI, Chicago, Amit Jhingran had also held that position.

Following the approval of Amit Jhingran’s nomination as the new Managing Director and Chief Executive Officer by the Insurance Regulatory and Development Authority of India (IRDAI), shares of SBI Life Insurance Company Limited reached a new 52-week high of Rs 1,374 per share on the NSE on Wednesday. One of the top insurance providers in India is SBI Life Insurance. With 996 offices, 22,015 workers, 68 corporate agents, a sizable and effective network of over 222,822 agents, 14 bancassurance partners, over 133 brokers, 39,000 partner branches, and other insurance marketing organisations, the company operates a comprehensive network.

SBI Life’s Appointment of Amit Jhingran

Following the approval of Amit Jhingran’s nomination as the new Managing Director and Chief Executive Officer by the Insurance Regulatory and Development Authority of India (IRDAI), shares of SBI Life Insurance Company Limited reached a new 52-week high of Rs 1,374.85 per share on the BSE in trading on Wednesday. Following the insurance regulator’s approval of the CEO’s nomination, SBI Life Insurance Co. shares reached a new high on Wednesday.

According to a filing with the exchange, the Insurance Regulatory and Development Authority of India gave its approval to Amit Jhingran’s appointment as managing director and CEO. In August 1991, Jhingran began working for the State Bank of India as a probationary officer. He has held a variety of positions across international banking, retail banking, and branch management throughout the course of a career spanning more than 30 years with SBI. As of 9:42 a.m., SBI Life Insurance Co. shares increased 1.30% to $1,366.95 per share, outperforming the NSE Nifty 50, which fell by 0.31%. The stock increased 1.83% to a record high price of Rs 1,374 per share. It has increased 11.14% so far this year.

SBI Life’s Appointment of Amit Jhingran

SBI Life’s Appointment of Amit Jhingran Details

Article Name SBI Life’s Appointment of Amit Jhingran
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About the SBI Life Insurance Company Limited

A well-known and trustworthy insurance provider operating in India is SBI Life Insurance Company Limited. SBI Life was established as a joint venture between the State Bank of India (SBI) and BNP Paribas Cardif to offer a variety of insurance products and services. SBI Life seeks to safeguard the financial security of its clients and their families with a solid foundation and support from these respectable organisations.

The business provides a wide range of insurance options to meet the needs of customers at different phases of life. These include retirement plans, savings programmes, endowment plans, term insurance, and more. SBI Life is committed to offering savings, investment, and financial protection possibilities that will enable people to make plans for a safe and prosperous future.

SBI Life uses cutting-edge technology and client-centric strategies to improve its services since it is dedicated to improving customer satisfaction and innovating. A wide spectrum of clients across India can access the company’s products and service thanks to its extensive network of branches and distribution networks. SBI Life Insurance Company Limited is a popular option for people looking for comprehensive and dependable insurance solutions to protect their financial interests and the interests of their loved ones because it symbolises the qualities of trust, transparency, and dependability.

Read also- Difference between a debit and credit card in Hindi

SBI Life Q1 profits

Comparing the June quarter to the same time last year, the company’s net profit increased by 45%. In the first quarter of FY24, the company’s net profit was Rs 381 crore. Its net premium increased by 19% year over year, from Rs. 11,036 billion to Rs. 13,104 billion. According to the insurer, individual new business premium increased by 18% to Rs 4,060 crore, while total new business premium increased by 11% to Rs 6,210 crore.

SBI Life’s Appointment of Amit Jhingran FAQ’S

Who is CEO of SBI Life?

SBI Life Insurance Company said that its board approved re-appointment of Mahesh Kumar Sharma as a managing director & chief executive.

Who is Amit Jhingran?

He serves as the chief general manager of the Hyderabad Circle.

Can I surrender my SBI life policy after 1 year?

These policies can be surrendered any time after one year from the start date of the insurance cover, till expiry of policy term.

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