PB Fintech Extends Leadership Tenure: CEO Yashish Dahiya and Vice Chairman Alok Bansal Re-appointed for 5-Year Terms

2 min read     Updated on 27 Aug 2025, 05:10 PM
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Suketu GalaScanX News Team
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Overview

PB FinTech, PolicyBazaar.com's parent company, has re-appointed Yashish Dahiya as Chairman, Executive Director & CEO and Alok Bansal as Executive Vice Chairman & Whole Time Director for five-year terms starting 2026, subject to shareholder approval. The company also granted 592,250 stock options to eligible employees under ESOP 2021, priced at Rs. 1,651.01 per option, excluding Key Managerial Personnel.

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*this image is generated using AI for illustrative purposes only.

PB FinTech , the parent company of PolicyBazaar.com, has announced the re-appointment of its key leadership, signaling continuity in its top management for the next decade. The Board of Directors has approved the extension of tenure for both Yashish Dahiya and Alok Bansal, subject to shareholder approval at the upcoming Annual General Meeting.

Leadership Continuity

Yashish Dahiya, who has been serving as a director since June 10, 2008, has been re-appointed as Chairman, Executive Director & Chief Executive Officer for a five-year term from July 5, 2026, to July 4, 2031. Dahiya's extensive experience and educational background, including degrees from IIT Delhi, IIM Ahmedabad, and INSEAD France, have been pivotal in steering the company's growth.

Similarly, Alok Bansal, a director since October 20, 2017 and co-founder of PolicyBazaar.com, has been re-appointed as Executive Vice Chairman & Whole Time Director for a five-year term from June 28, 2026, to June 27, 2031. Bansal's expertise, backed by degrees from the University of Kanpur and IIM Kolkata, has been instrumental in the company's strategic development.

Board Approval and Regulatory Compliance

The re-appointments were approved by the Board of Directors on August 26, 2025, following recommendations from the Nomination and Remuneration Committee. This decision aligns with the company's commitment to maintaining strong leadership and ensuring long-term stability.

In compliance with regulatory requirements, PB Fintech has disclosed that neither Dahiya nor Bansal is related to any other company directors. Furthermore, both executives are not debarred from holding directorship positions by any SEBI order or other authority, ensuring their eligibility for the roles.

Employee Stock Option Plan Update

In a separate development, PB Fintech's Nomination and Remuneration Committee has approved the grant of 592,250 stock options to eligible employees of the company and its subsidiaries under the PB Fintech Employees Stock Option Plan 2021 (ESOP 2021). The grant, effective from August 26, 2025, notably excludes Key Managerial Personnel (KMPs) of the company and its subsidiaries.

The stock options, each convertible into one equity share of Rs. 2.00 face value, have been priced at Rs. 1,651.01 per option. This price represents a 10% discount to the volume-weighted average price of the last three months preceding the grant date.

Looking Ahead

The re-appointment of Yashish Dahiya and Alok Bansal for extended terms reflects PB Fintech's confidence in its current leadership and strategy. As the company continues to navigate the dynamic fintech landscape, the stability in top management positions is likely to provide a strong foundation for future growth and innovation in the insurance and financial services sector.

Historical Stock Returns for PB FinTech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.92%-7.35%-1.08%+20.99%+2.56%+47.28%
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Travel Insurance for Offbeat Destinations Surges 45%, Seychelles Leads Growth

1 min read     Updated on 25 Aug 2025, 03:26 PM
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Reviewed by
Jubin VergheseScanX News Team
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Overview

Travel insurance purchases for unconventional destinations have increased by 45% over the past 2-3 years in India. Seychelles leads with 115% year-on-year growth, followed by Vietnam at 50%. Offbeat destinations now account for 11% of total travel insurance volumes. Young adults aged 25-35 make up 44% of these purchases. Travelers prefer comprehensive coverage with high limits and adventure sports add-ons. Trips to offbeat locations average 18 days compared to 51 days for mainstream destinations. The October-March period is the peak travel season. Post-pandemic, insurance purchases for these destinations have surged by over 50%.

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*this image is generated using AI for illustrative purposes only.

Travel insurance purchases for offbeat destinations have witnessed a significant uptick, rising by 45% over the past 2-3 years. This trend is driven by Indian travelers seeking unique experiences beyond traditional tourist hotspots.

Destination Highlights

Seychelles has emerged as the frontrunner in this trend, recording an impressive 115% year-on-year growth. Following closely, Vietnam experienced a 50% increase in travel insurance purchases. Other popular offbeat destinations gaining traction among Indian travelers include the Philippines, Sri Lanka, Kenya, and Fiji.

Market Share and Demographics

Offbeat destinations now represent 11% of total travel insurance volumes, indicating a growing interest in exploring less-traveled locations. The demographic driving this trend is predominantly young adults, with travelers aged 25-35 accounting for 44% of offbeat travel insurance purchases.

Insurance Preferences

Many travelers opting for these unique destinations are choosing comprehensive coverage:

  • Policies covering $1 lakh or more are popular
  • Adventure sports add-ons are frequently selected

Trip Duration and Seasonality

Interestingly, trips to offbeat destinations tend to be shorter compared to mainstream locations:

Destination Type Average Trip Duration
Offbeat 18
Mainstream 51

The peak travel season for these unique getaways occurs during the October-March period.

Post-Pandemic Surge

The appetite for exploring offbeat destinations has grown significantly in the post-pandemic era. Insurance purchases for these unconventional travel spots have risen by over 50% since the lifting of COVID-19 restrictions.

This surge in travel insurance for offbeat destinations reflects a changing landscape in Indian travel preferences, with more adventurers seeking unique experiences and ensuring they're well-protected during their journeys.

Historical Stock Returns for PB FinTech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.92%-7.35%-1.08%+20.99%+2.56%+47.28%
PB FinTech
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