Earlier this year, Policybazaar, India’s leading insurance broker, launched “Policybazaar for Business,” an emerging brand that caters to the insurance needs of Indian businesses, experiencing rapid growth in the process. The brand’s success in the business insurance field can be attributed to its profound understanding of the Indian market, the expertise of its team members, and the well-executed initiative of establishing an advisory board.
The advisory board comprises insurance experts with extensive experience in general, health, and life insurance domains. Among these distinguished members, the first name to be unveiled is Ajit Kumar, the former General Manager at Oriental Insurance Co Ltd. With an impressive career spanning over 37 years, Kumar has witnessed diverse aspects of the General Insurance Industry, showcasing a remarkable winning streak. During his tenure, he served across all four zones of the country, dedicating 29 years to New India Assurance and 8 years to Oriental Insurance. Notably, he also held the prestigious position of Director (Government Nominee) on the board of a subsidiary of Oriental Insurance, adding to his list of achievements.
With the inclusion of such experienced and accomplished professionals on its advisory board, Policybazaar for Business stands out as a prominent player in the industry, poised to deliver exceptional insurance solutions for Indian businesses.
Elaborating on his association with PB for Business, Ajit Kumar, Advisory Board member, PB for Business 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 role as an advisor, Ajit Kumar will work alongside the existing team to further enhance the service levels offered to Startups, SMEs and Corporates. His focus will be on guiding them on critical processes and technical aspects to assess their risks while also providing specialized guidance on the products needed to safeguard against any financial loss. He will help the brand continue to accelerate the strong growth that they have enjoyed in the last two years. His expertise in the health and general insurance space will further drive increased growth by enabling the acceleration of their digital end-to-end solutions and platform modernizations.
Sajja Praveen Choudhary, Head of PB for Business, said, “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.”
