Ms. Kalpana Sampat as the new MD & CEO of Pramerica Life Insurance
Pramerica Life Insurance Limited appointed Ms. Kalpana Sampat as its Managing Director & Chief Executive Officer, with effect from April 9, 2021. Prior to joining this role, she was the Chief Operating Officer of the same company.
Ms. Kalpana Sampat has experience of over three and a half decades and is one of the most influential leaders in and outside the financial services industry. Currently, there are only three women CEOs in the life insurance sector in the country. Apart from Pramerica, Ms. Sampat has also worked with Swiss Reinsurance Co., India branch as its CEO. She is also a certified ACMA, a Fellow of the Insurance Institute of India and an Associate of the Chartered Insurance Institute UK. She has also been a guest faculty at the National Insurance Academy since 2003.
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 honored 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.”