SBI General Insurance has announced the appointment of Mohd. Arif Khan as its new Deputy Chief Executive Officer (Deputy CEO), effective June 11, 2025. Khan brings a wealth of experience from his extensive career at the State Bank of India (SBI), where he has worked since 2000. His appointment is expected to bolster SBI General Insurance's strategic initiatives and drive further growth in the competitive insurance sector.

With over 25 years of experience in the banking and financial services industry, Khan has held several key leadership positions at SBI. Before joining SBI General Insurance, he served as a General Manager, Network-I, at SBI's Local Head Office in Thiruvananthapuram. His career at SBI includes significant roles in Retail Banking, the Strategic Training Unit (STU), and Core Banking Solution (CBS) implementation and training projects. This diverse background equips him with a comprehensive understanding of banking operations, strategic planning, and customer-centric approaches, which are crucial for his new role.

Naveen Chandra Jha, MD & CEO of SBI General Insurance, expressed his enthusiasm for Khan's appointment, stating, "We are delighted to welcome Shri Mohd. Arif Khan to the SBI General Insurance leadership team. His vast experience across diverse banking functions, strong strategic expertise, and deep understanding of the business will be instrumental in propelling the company to greater heights. I look forward to working closely with him as we drive innovation, enhance customer value, and further strengthen our position in the general insurance industry."

Khan himself shared his vision for his new role, stating, "I am delighted to be a part of the SBI General Insurance family. India's general insurance sector offers tremendous potential for transformative growth, and I see great opportunity for SBI General to lead the way. I look forward to building a superior customer experience, delivering profitable growth, introducing innovative products to evolving needs, and expanding our footprint in underserved markets. My focus will be on creating meaningful value for our customers, stakeholders, and the communities we serve.”

This appointment comes at a time when SBI General Insurance is experiencing robust financial performance and strategic growth. In fiscal year 2024-25, the company reported a significant surge in profit after tax, reaching ₹509 crore, a 112% year-on-year increase. The company's gross written premium also grew by 11.1% to ₹14,140 crore, outpacing the industry's growth rate. The solvency ratio stood at 2.03, well above the regulatory requirement, indicating strong financial stability.

SBI General Insurance has been actively expanding its leadership team to support its growth objectives. In recent months, Naveen Chandra Jha was appointed as the new Managing Director and CEO, succeeding Kishore Kumar Poludasu. The company also appointed Jaya Tripathi as Head – Key Relations Group, focusing on expanding business opportunities and strengthening partnerships. These strategic appointments reflect SBI General Insurance's commitment to building a strong and capable leadership team to navigate the evolving insurance landscape.