The Chief Executive Officer and Principal Officer, Policybazaar has resigned from his position due to some personal commitments, effective from April 7, the company mentioned in a regulatory filing.
With his exit, the Insurance Regulatory and Development Authority of India has permitted the appointment of Sajja Praveen Chowdary as the new Principal Officer, CEO, and whole-time Director of the company.
Since 2011, Chowdary has been associated with Policybazaar’s parent company PB Fintech and currently heads Policybazaar for Business, which focuses on corporate and SME insurance as well as reinsurance solutions. During his tenure he held many positions across business management, product, and technology.
He was instrumental in scaling Policybazaar’s retail insurance verticals such as motor and term life. He also introduced several solutions aimed at simplifying insurance purchases for customers.
He has an experience of 17 years across business management, product, technology, and project management in the e-commerce space. Chowdary is a postgraduate in marketing from IMT Ghaziabad. He also holds a BTech degree in electronics and communications.
Mathur, a long-time executive at Policybazaar with over 18 years at the company, held several leadership roles across functions, including co-founder and chief business officer. He also led verticals such as analytics, revenue management, life insurance, and strategic initiatives.
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