Ms. Kalpana Sampat, a seasoned business leader with over three and a half decades of profound experience, has been appointed as the Managing Director & CEO of Pramerica Life Insurance Limited, with effect from April 09, 2021. Prior to this appointment, she was the Chief Operating Officer for the Company.
Ms. Kalpana Sampat is one of the most influential leader in financial services sector in India, and her appointment at the top position, is an important milestone. Currently, she is one, of the only three women CEOs in life insurance sector in India, where the executive suite is still a male bastion.
Ms. Sampat is a powerful inspiration for other women CEOs in waiting, including those outside of financial services.
Mr. Sunil Kumar Bansal, Chairman of Pramerica Life Insurance Limited, said, “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.”
Mr. James Weakley, Vice Chairman of Pramerica Life Insurance Limited and SVP & President, Emerging Markets International Insurance at Prudential Financial Inc., stated, “Kalpana knows our company’s business exceptionally well, having managed various departments for over last two years. Her extensive experience and her track record of success in the life insurance sector provide confidence that Pramerica Life Insurance is ready for a leap to the next level.”
On her appointment, Ms. 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, Ms. Kalpana 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.
About Pramerica Life Insurance Limited
In India, Pramerica Life Insurance Limited is a JV company of Prudential International Insurance Holdings, Ltd., a fully owned subsidiary of Prudential Financial, Inc.; which is a 140-year-old corporation and has operations in the United States, Asia, Europe, and Latin America; and DIL (DHFL Investments Limited). Prudential Financial, Inc. companies include the Prudential Insurance Company of America, one of the largest life insurance companies in U.S.A. Its International Insurance segment creates and distributes individual life insurance, retirement, and related products in countries such as Japan, Taiwan, Brazil, and Argentina. Prudential Financial, Inc. also provides life insurance products for middle income and mass affluent markets across Japan, Mexico, and has joint ventures in Chile, China, Malaysia, India, and Indonesia.
Pramerica Life Insurance is headquartered at Gurugram in India and has over 2500 employees. It is committed to cater to its customers’ various financial protection needs such as securing their child’s future, retirement planning, savings and wealth creation. The company’s vision is to ensure that every life that it touches feels secure and enriched. The company has a pan India presence through multiple distribution channels which address specific insurance needs of diverse customer segments. It is committed to provide quality financial advice to its customers. It advises, guides, and enables its customers to make informed insurance decisions that help them meet their life’s short term and long-term goals.