Bajaj General Insurance (formerly Bajaj Allianz General Insurance), an unlisted subsidiary of Bajaj Finserv, has announced the appointment of Deepak Reddy as CEO-designate, effective January 1, 2027.
Reddy will formally assume charge as Managing Director and Chief Executive Officer on April 1, 2027, subject to regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Leadership Transition Plan
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Seamless Handover: Outgoing MD and CEO Tapan Singhel will complete his term through March 31, 2027, ensuring an extended, structured transition period.
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Corporate Endorsement: Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, commended Singhel’s tenure for establishing strong underwriting discipline, product innovation, and customer trust.
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Strategic Growth Outlook: The leadership evolution comes as India’s general insurance sector enters an expanded growth phase driven by rising penetration, digital distribution, and regulatory push for broader coverage.
