Policybazaar appoints industry veteran Ajit Kumar to its advisory board
Policybazaar, an insurance broker firm, has appointed Ajit Kumar to the advisory board of their newly launched segment ‘PB for Business’, as announced on July 31, 2023.
Kumar has amassed over 35 years of valuable experience in the insurance industry. Prior to this appointment, he held the position of General Manager at Oriental Insurance for almost eight years. Before that, he dedicated three decades to his work at New India Assurance. Additionally, he served as Director on the board (through a Government appointment) for a subsidiary of Oriental Insurance.
Expressing high spirits on his appointment, Kumar said, “Business Insurance remains a highly critical yet underpenetrated market in India. A platform like PB for Business is the need of the hour. I am hopeful that in my role as an advisory board member, I will be able to further make a difference to the industry where it counts.”
In his new capacity, Kumar will collaborate with the current team to elevate the service standards provided to Startups, SMEs, and Corporates. His emphasis will be on providing guidance in crucial processes and technical aspects to evaluate their risks, along with specialised advice on the necessary products to protect against financial losses. Furthermore, he will play a pivotal role in sustaining the PB's impressive growth over the past two years. Leveraging his expertise in the health and general insurance domain, he will drive further expansion by facilitating the advancement of their digital end-to-end solutions and modernising their platforms.
Sajja Praveen Choudhary, Head of PB for Business welcomed Kumar to the advisory board stating, “We are working towards combining our advisory board’s valuable experience with our brand’s trademark innovative solutions. The idea is to bring the best mix of tradition and technology to support Indian businesses in flourishing fearlessly. We are pleased to have Mr Kumar onboard. His expertise in general, health insurance and liability products will help us challenge the status quo within the corporate world.”
