PB Fintech Announces Key Leadership Changes at Policybazaar Insurance Brokers Subsidiary

PB Fintech Limited has announced key managerial personnel changes at its wholly owned subsidiary, Policybazaar Insurance Brokers Private Limited, effective April 07, 2026. The company informed stock exchanges about the leadership transition in compliance with SEBI listing regulations.

Leadership Transition Details

The Insurance Regulatory and Development Authority of India (IRDAI) has approved significant changes in the executive leadership of Policybazaar Insurance Brokers. The regulatory approval enables a smooth transition of key responsibilities within the subsidiary.

Position:	Outgoing Executive	Incoming Executive
Chief Executive Officer:	Tarun Mathur	Sajja Praveen Chowdary
Principal Officer:	Tarun Mathur	Sajja Praveen Chowdary
Effective Date:	April 07, 2026	April 07, 2026
Reason for Change:	Personal commitments	IRDAI approved appointment

New CEO Profile and Experience

Mr. Sajja Praveen Chowdary brings substantial experience to his new role, having joined the PB Fintech Group in 2011. He currently heads "Policybazaar for Business," the Corporate/SME Insurance & Reinsurance arm of Policybazaar. Under his leadership, this division has experienced significant growth, positioning Policybazaar as the fastest growing broker in the business insurance space.

Chowdary's career progression within the organization includes:

Leading multiple verticals over his tenure with the company
Scaling retail businesses including motor and term life insurance
Developing innovative solutions such as Self Video Inspection and Zero cost Term insurance
Creating risk advisory culture for corporate insurance solutions

Professional Background

The new CEO possesses over 17 years of experience across various domains including Business Management, Product and Technology Management, Business Development, and Project Management in the e-commerce products and services space.

Educational Qualification:	Institution
Post-graduate in Marketing:	IMT, Ghaziabad
B.Tech in Electronics and Communications:	Acharya Nagarjuna University

Regulatory Compliance

PB Fintech submitted the intimation to both National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosure including detailed profiles and transition timelines as required by regulatory frameworks.

Mr. Tarun Mathur's resignation letter, dated January 30, 2026, indicated that his departure would be effective upon IRDAI's approval of his successor's appointment. This structured approach ensured continuity of operations and regulatory compliance throughout the transition period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.66%	+4.95%	+4.91%	-15.10%	+3.66%	+24.64%

PB Fintech and other insurance brokers have received notices from the Income Tax Department as part of a broader regulatory review affecting the insurance intermediary sector.

Regulatory Action Scope

The Income Tax Department has initiated a comprehensive review by sending notices to insurance brokers and agents across the industry. The action encompasses both recent operations and historical cases, suggesting a thorough examination of compliance matters within the insurance brokerage sector.

Industry Impact

The notices affect multiple players in the insurance intermediary space, indicating a sector-wide regulatory focus rather than targeting specific companies. PB Fintech is among the various insurance brokers that have received these notices from the tax authorities.

Compliance Review Process

The inclusion of old cases in the current notice process suggests the Income Tax Department is conducting a retrospective analysis of insurance brokerage operations. This comprehensive approach indicates the authorities are examining historical compliance patterns alongside current business practices in the insurance intermediary sector.