Pier-Paolo Dipaola appointed Dy CEO, SBI Life
08 Nov 2005
Dipaola will spearhead the entire corporate marketing functions of the company, ranging from product development to laying down sales processes and training activities. In addition he will also oversee the functioning of companies Bancassurance credit life channel.
SBI Life Insurance is a 74:26 joint venture between State Bank of India and Cardif SA of France with an authorized capital of Rs500 crore (paid up capital Rs350 crore) with he Indian PSU holding majority stake. The total premium income of the company stood at Rs601 crores for FY 2004-05, as against Rs225 crores recorded in the corresponding period last year.