Pramerica Life Insurance Limited has appointed Pankaj Gupta as Managing Director and Chief Executive Officer. The appointment has been approved by the Insurance Regulatory and Development Authority of India (IRDAI) and the Board of Pramerica Life Insurance. Pankaj Gupta succeeds Kalpana Sampat, who was the previous MD & CEO.
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Gupta will be responsible for driving strategic growth led transformation to bring Pramerica Life amongst the leading Life Insurance companies in India. He joins Pramerica Life Insurance from HDFC Life, where he was Group Head – Distribution Strategy & Alliances and was part of HDFC Life’s top Leadership team. He has also held senior leadership roles at Citigroup, ICICI Bank, and TCS.
Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Capital and Housing Finance Limited and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). Incorporated in September 2008, the company has assets under management of Rs 7,148 crore as of 31 January, according to the company’s website.
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