SBI Life Insurance Company Limited informed the Company that the present Managing Director & CEO of Company, Mr. Mahesh Kumar Sharma will be relieved of his duties as Managing Director & CEO of Company from the close of
business hours on September 30, 2023. Company informed that the Board of Directors, at its Meeting held on September 28, 2023, has approved appointment of Mr. Amit Jhingran as the Managing Director & CEO of the Company with effect from October 01, 2023. Mr. Amit Jhingran joined State Bank of India as a Probationary Officer in August 1991. In a career spanning over 30 years with SBI, he has held various assignments across International Banking, Retail Banking and Branch Management. Prior to this, he was posted as Chief General Manager, Hyderabad Circle and as CEO of SBI, Chicago. He has also held various responsibilities during his career including Regional Manager and has also headed various branches under his direct control.