RM Vishakha re-appointed as MD & CEO of IndiaFirst Life Insurance for 5-yrs

Under her aegis, IndiaFirst Life’s asset under management (AUM) grew to Rs 15,000 crs as of March 31, 2019. In the last five years, the company has grown impressively from 20th rank to 12th rank in the retail business. The individual CAGR has reached to 44%. IndiaFirst Life’s customer base has strengthened to over 7 lakhs from 93 thousand.


Mumbai:

IndiaFirst Life Insurance, has re-appointed RM Vishakha,55, as its managing director and CEO  for another five years..She had joined as the MD and CEO of the company,a joint venture of Bank of Baroda and Andhra Bank, in 2015 with five year term which expired on Mar 2, 2020..

 

The Insurance Regulatory and Development Authority of India (IRDAI) has approved her re-appointment on Friday..
 
Commenting on her re-appointment, RM Vishakha said, “I am thankful to the board and stakeholders for their support, and unwavering faith in me. In this new term, my agenda is to make it one of the most valuable, sustainable businesses in the life insurance industry.. with a vision of "risk management through life insurance for everyone".


Vishakha is a veteran in the BFSI space with close to 30 years of experience behind her.

 

Under her laedership, IndiaFirst Life’s asset under management (AUM) grew to Rs 15,000 crs as of March 31, 2019. In the last five years, the company has grown impressively from 20th rank to 12th rank in the retail business. The individual CAGR has reached to 44%. IndiaFirst Life’s customer base has strengthened to over 7 lakhs from 93 thousand.

 

Earlier, Sanjeev Nautiyal has been re-appointed as managing director and CEO of SBI Life Insurance. SBI Life Insurance Company Ltd Board of Directors in their meeting approved re-appointment of Nautiyal with effect from March 10, 2020.

 

Nautiyal has over 32 years of experience in the field of banking. He holds the grade of Deputy Managing Director at State Bank of India at the moment and is deputed as Managing Director and Chief Executive Officer of the SBI Life since March 10, 2018.


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