SBI Life Insurance appoints Arijit Basu

Arijit Basu takes over as Managing Director & CEO of SBI Life Insurance.

August 06, 2014 2:15 IST | India Infoline News Service
Arijit Basu has taken over as Managing Director & CEO of SBI Life Insurance, the largest private life insurer in the country, from Atanu Sen, who retired on 31st July, 2014.

A graduate in Economics and a Master of Arts in History, Basu started his career with State Bank of India in 1983 as a Probationary Officer. He has to his credit over three decades of experience in the banking sector. A Certified Associate of the Indian Institute of Bankers, Basu has held several key positions in various circles of State Bank of India including the Bank’s office at Tokyo. He has also served as General Manager at the Bank’s Mumbai Circle and the Mid Corporate Group at Ahmedabad as well as the Financial Institutions Group, International Banking at Corporate Centre, Mumbai. His last assignment was Chief General Manager of the Delhi Circle.

On assuming his post as Managing Director & CEO, Basu said, “The key focus for SBI Life Insurance would be to further tap the immense potential in the market and reach out to millions of Indians who do not have a risk cover. For us it is important to build on the trust that the Group and the Company enjoys. Our endeavour will be to grow significantly but ethically and with prudence.”

His experience will add immense value to SBI Life’s business and will help the company achieve higher benchmarks in the life insurance space.

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