SBI Life hits 52-week high as IRDAI approves appointment of Amit Jhingran as MD CEO

9 Aug 2023 , 12:30 PM

On Wednesday, shares of SBI Life Insurance Company Limited set a new 52-week high of Rs 1,374 per share on the NSE after the Insurance Regulatory and Development Authority of India (IRDAI) approved the nomination of Amit Jhingran as the new Managing Director and Chief Executive Officer.

At around 12.20 PM, SBI Life was trading at Rs 1,349.95 per piece, against the previous close of Rs 1,349.35 on NSE. 

Jhingran started his career as a probationary officer with the State Bank of India in August 1991. He has worked with SBI for almost 30 years and has held numerous positions in foreign banking, retail banking, and branch management.

SBI Life Insurance is among the top Insurance companies in India. The company manages a robust network of 996 offices, 22,015 employees, 68 corporate agents, a vast and productive network of over 222,822 agents, and 14 bancassurance partners, with over 133 brokers, 39,000 partner branches, and other insurance marketing organizations.

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