Policybazaar Insurance Brokers Private Limited, the wholly owned subsidiary of PB Fintech Ltd, has officially appointed Sajja Praveen Chowdary as its new Chief Executive Officer and Principal Officer. The leadership change follows the resignation of long-time executive Tarun Mathur, who stepped down to attend to personal commitments.
Key Transition Details
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Effective Date: April 7, 2026.
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Regulatory Status: Approved by the Insurance Regulatory and Development Authority of India (IRDAI).
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Dual Role: In addition to his CEO duties, Chowdary will serve as a Whole-Time Director for the company.
Profile of the New CEO: Sajja Praveen Chowdary
A veteran of PB Fintech since 2011, Chowdary brings over 17 years of expertise in e-commerce, marketing, and business management. Before this appointment, he led Policybazaar for Business, overseeing the firm’s corporate, SME, and reinsurance segments.
Notable Contributions:
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Innovation: Spearheaded the introduction of “zero-cost” term insurance and self-video inspections to streamline customer onboarding.
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Growth: Played a pivotal role in scaling retail insurance sectors, specifically motor and term life products.
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Technical Oversight: Managed various product and technology functions during his 15-year tenure with the group.
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Education: Holds a BTech in Electronics and Communications and a postgraduate degree in Marketing from IMT Ghaziabad.
Legacy of Tarun Mathur
The outgoing CEO, Tarun Mathur, concludes an influential 18-year journey with Policybazaar. As a co-founder and former Chief Business Officer, Mathur was instrumental in shaping the company’s core pillars, including:
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Strategic initiatives and revenue management.
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Advanced analytics and life insurance divisions.
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The initial scaling of the platform into an industry leader.
Company Impact: While Mathur’s exit marks the end of an era for the founding team, the transition to Chowdary signals a focus on continuity and the further expansion of Policybazaar’s business-to-business and digital-first offerings.
