Gurugram-based Pramerica Life Insurance has named Kalpana Sampat as its new Managing Director & Chief Executive Officer. Her appointment will be effective from April 09, 2021. Prior to the new role, she was the Chief Operating Officer of the firm.
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.”
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.”
Commenting 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, inwriting the next chapter at Pramerica Life Insurance and am fully committed to the responsibility bestowed on me.”
Earlier, Sampat was appointed as the CEO for Swiss Reinsurance Co., India branch. She is an Associate Member (ACMA) of the Insurance Institute of India and Associate of the Chartered Insurance Institute UK.