Bajaj General Insurance Names Deepak Reddy CEO Designate
Bajaj General Insurance’s board sanctioned the appointment of Deepak Reddy as the Chief Executive Officer Designate of the firm, starting January 1, 2027.
Reddy will assume the role of Managing Director and Chief Executive Officer of Bajaj General Insurance, a branch of Bajaj Finserv Ltd, on April 1, 2027, pending the endorsement of the insurance regulatory authority IRDAI.
Bajaj General Insurance stated that Tapan Singhel will remain as Managing Director and Chief Executive Officer until March 31, 2027, facilitating a smooth transition.
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Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv Ltd, says, “Few leaders have the distinction of building an institution from the ground up. Tapan is one of them. From its early years as a joint venture to its evolution into a wholly Bajaj-owned company, he has played a defining role in shaping Bajaj General Insurance into one of India’s most trusted general insurers”.
“Under his leadership, the company has earned a reputation for underwriting discipline, innovation, and an unwavering commitment to customers.”
Singhel’s legacy is not just a successful business, but a strong institution built to endure, Bajaj says, “As India’s insurance sector enters its next phase of growth, the opportunity to protect more lives, livelihoods and businesses is immense. We are delighted to welcome Deepak to lead Bajaj General Insurance into its next chapter”.
“I am confident that Deepak will build on the strong foundation laid by Tapan and his team, unlock new opportunities and take the company to greater heights,” he adds.
Deepak Reddy has more than 30 years of experience in financial services, having served in senior leadership roles at Bajaj Finserv, American Express, Standard Chartered Bank, and MIRC Electronics. Over his 17 years with Bajaj Finserv, Reddy was instrumental in establishing and expanding multiple businesses and, in his latest position in the Group, directed the Rural, Insurance, and Gold Loan sectors at Bajaj Finance.
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He served as Bajaj Finserv’s inaugural Group Head of Human Resources, uniting business leadership with organizational development expertise. He most recently held the position of Chief Executive Officer at Manappuram Finance.
“When we started this journey, we wanted to build an organization that would redefine the way insurance is understood, delivered and experienced. We have always believed that our job is not just to sell a policy, but to understand customers’ worries and find ways to address them”.
“That has meant challenging conventional thinking, reimagining distribution, pioneering industry-first initiatives and the conviction to take bold decisions in our customer’s interest,” says Tapan Singhel, Managing Director and Chief Executive Officer, Bajaj General Insurance.
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“As Bajaj General Insurance enters its next chapter, I am confident that the new team will continue to push boundaries, find better solutions to customer concerns and stay true to our purpose of ensuring that our citizens can live a life of dignity,” Singhel adds.