Gurugram: Policybazaar for Business, the corporate insurance arm of Policybazaar.com, has announced the appointment of Balasundaram R as a Senior Advisory Board Member and Head of Marine Practice. With over four decades of experience in the Indian general insurance industry, Balasundaram brings deep technical expertise, strategic insight, and sectoral leadership that will support the company’s long-term growth across the corporate insurance landscape.
A seasoned general insurance professional, Balasundaram has built a distinguished career spanning underwriting, claims management, and solution structuring across multiple lines of business. He is widely respected for his in-depth understanding of the Indian general insurance market, with marine cargo being a key area of specialisation and long-standing expertise. His strong technical grounding, combined with a solid foundation in finance, has enabled him to balance underwriting rigour with commercial outcomes while designing bespoke insurance solutions for complex corporate risks.
Beyond technical expertise, Balasundaram is known for his leadership in channel management, negotiation, and team development. Over the years, he has built and mentored high-performing teams across diverse roles and age groups, contributing to organisational resilience and capability building. He is also a recognised industry voice and a passionate advocate for insurance education. As a visiting faculty member at institutions such as the National Insurance Academy and the College of Insurance, he actively mentors young insurance professionals. He is a regular speaker and panellist at leading industry forums and webinars organised by bodies including IUMI, IBAI, III, and NIA.
Commenting on the appointment, Sajja Praveen Chowdary, Director, Policybazaar for Business, said, “We are delighted to welcome an industry stalwart of Mr. Balasundaram R’s stature to our Senior Advisory Board. His four decades of hands-on experience in general insurance, particularly in complex areas such as complex marine cargo and hull exposures, will be invaluable as we continue to strengthen our technical depth and advisory capabilities. His strong commitment to mentorship and training aligns closely with our mission of delivering robust, well-structured insurance solutions to India’s businesses.”
