Policybazaar is going through a leadership change, as its CEO Tarun Mathur has stepped down after spending nearly 18 years with the company. Taking his place is Sajja Praveen Chowdary, a long-time member of the organisation.
Mathur officially left his role on April 7, 2026, citing personal reasons. Over the years, he has been closely involved in building Policybazaar into one of India’s most popular platforms for buying insurance online. His exit marks the end of a long and important chapter for the company.
Chowdary’s appointment as CEO has been approved by the Insurance Regulatory and Development Authority of India (IRDAI), making the transition official. He is not new to the business and has been part of the parent company, PB Fintech, since 2011.
Before becoming CEO, Chowdary led the “Policybazaar for Business” division, which focuses on insurance solutions for companies and small businesses. He brings over 17 years of experience and has worked across different areas like product development, technology, and business strategy.
Since he already understands the company well, the leadership change is expected to be smooth. The transition had also been planned in advance, with Mathur’s exit linked to the approval of his successor.
Policybazaar remains a major player in India’s growing digital insurance space, helping millions of users compare and buy policies online. With Chowdary now at the helm, the company is expected to continue focusing on growth and improving its services for both individual customers and businesses.
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