SBI General Insurance appoints PC Kandpal as MD & CEO

Kolkata, Tuesday, July 21, 2020: SBI General Insurance Company Limited has announced the appointment of Shri Prakash Chandra Kandpal as its new Managing Director & Chief Executive Officer. He was nominated by parent State Bank of India for the position and has been appointed w.e.f 20^th July,2020. Shri Kandpal has been with SBI General Insurance as the Deputy CEO since June 2019

Shri PC Kandpal, DMD SBI, is a seasoned banker and has more than 33 years of experience with SBI. His stint at SBI involves experience in both retail and international banking, human resource, technology and learning and development. He also had a stint in SBI Mutual Fund as the Chief Operating Officer

Shri Pushan Mahapatra, the former MD & CEO has been appointed as Director-Strategic Investments & Digital Initiatives and continues to be Whole Time Director, SBI General Insurance.

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About SBI General Insurance Company Limited:

With the strong parentage of SBI, we, at SBI General Insurance, are committed to carry forward the legacy of trust and security; and to become the first choice for every Indian’s general insurance needs.

Ever since our establishment in 2009, from 17 branches in 2011, we have expanded our presence to around 123 branches pan-India.

We follow a robust multi-distribution model encompassing Bancassurance, Agency, Broking and Retail Direct Channels. Today, our distribution family includes over 22,900 IRDAI certified employees including the State Bank Group employees, and over 12,000 Agents to make insurance easily available even in the remote areas of the country.

On the distribution network front, we have strong distribution partners adding up our reach to every nook and corner of India, with SBI’s over 22000 branch network, other financial and digital partners. Our current geographical exposure covers 125+ cities pan-India with a presence of another 350+ locations through satellite resources.

We currently serve three key customer segments viz. - Retail Segment (catering to Individual & Families), Corporate Segment (catering mid to large size companies) and SME Segment; and are future-ready to serve the growing needs of Indians with new age-processes and services at affordable prices.