Pramerica Life Insurance Limited has appointed Pankaj Gupta as Managing Director and Chief Executive Officer(CEO) of the Pramerica Life Insurance. Gupta will succeed Kalpana Sampat.

The appointment has been approved by the Insurance Regulatory and Development Authority of India (IRDAI). Pankaj has replaced Kalpana Sampat. Prior to this, Pankaj held various senior positions 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...

Source : Economic Times