Mumbai: In a significant leadership reshuffle, PB Fintech has appointed Sajja Praveen Chowdary as the Principal Officer, Chief Executive Officer, and Whole-Time Director of its wholly owned subsidiary, Policybazaar Insurance Brokers Private Limited. The appointment came into effect on April 7, 2026, following approval from the Insurance Regulatory and Development Authority of India.
Chowdary takes over the role from Tarun Mathur, who has stepped down as CEO and Principal Officer, citing personal commitments. His resignation was effective at the close of business hours on the same day, marking the end of his tenure leading the broking business.
A long-standing member of the PB Fintech ecosystem, Chowdary joined the group in 2011 and has since held multiple leadership roles across verticals. He currently heads “Policybazaar for Business,” the company’s corporate, SME insurance, and reinsurance division, where he has been instrumental in driving growth and expanding enterprise-focused offerings.
Over the years, he has also played a key role in scaling Policybazaar’s retail insurance businesses, particularly in motor and term life segments. His contributions include the introduction of consumer-centric innovations such as Self Video Inspection and Zero-Cost Term Insurance, aimed at simplifying the purchase journey and improving accessibility for customers.
With over two decades of experience, Chowdary brings expertise spanning business management, product and technology leadership, business development, and project execution within the e-commerce and digital services landscape.
Academically, he holds a postgraduate degree in Marketing from Institute of Management Technology Ghaziabad and a B.Tech in Electronics and Communications from Acharya Nagarjuna University.
The leadership transition comes at a time when Policybazaar continues to deepen its presence across both retail and corporate insurance segments, with a growing emphasis on digital innovation and diversified product offerings.
