Policybazaar Insurance Brokers Private Limited, a wholly owned subsidiary of PB Fintech, has announced a significant change in its leadership. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Mr. Sajja Praveen Chowdary as the Principal Officer and Chief Executive Officer (CEO) of Policybazaar, effective from 7th April 2026. In addition to his role as CEO, Mr. Chowdary will also serve as the Whole Time Director of Policybazaar.
Mr. Chowdary joined the PB Fintech Group in 2011 and has been instrumental in leading various verticals within the company. He currently heads “Policybazaar for Business,” the Corporate/SME Insurance & Reinsurance arm of Policybazaar, which is experiencing rapid growth under his leadership. The division is establishing itself as a one-stop destination for business insurance products across India and is fostering a risk advisory culture to empower corporate India with suitable insurance solutions.
Mr. Chowdary’s prior contributions include scaling the retail businesses of Policybazaar, particularly in motor and term life insurance, by introducing innovative solutions such as Self Video Inspection and Zero cost Term insurance. With over 17 years of experience in business management, product and technology management, business development, and project management in the e-commerce sector, Mr. Chowdary holds a post-graduate degree in Marketing from IMT, Ghaziabad, and a B.Tech in Electronics and Communications from Acharya Nagarjuna University.
The appointment of Mr. Chowdary follows the resignation of Mr. Tarun Mathur from the position of CEO and Principal Officer of Policybazaar, effective at the close of business hours on 7th April 2026. Mr. Mathur’s resignation was due to personal commitments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).