The Board of Directors of Bajaj General Insurance Limited
(formerly known as Bajaj Allianz General Insurance Company Limited), a material unlisted
subsidiary of Bajaj Finserv Limited, approved the appointment of Deepak Reddy as CEO
Designate of the company, effective January 1, 2027. He will take charge as MD & CEO on
1st April 2027, subject to approval of IRDAI.
Dr. Tapan Singhel will continue as MD & CEO until March 31, 2027, ensuring a seamless
transition. Subject to approval from the Insurance Regulatory and Development Authority of
India (IRDAI), Deepak Reddy will take charge as MD & CEO from April 1, 2027.
Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv Limited, said, “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. His legacy is not just a
successful business, but a strong institution built to endure. On behalf of the Board of Directors
and the Bajaj Group, I thank Tapan for his exceptional leadership and lasting contribution to
the company and to Indian insurance.
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 added.
Dr. Tapan Singhel, MD and CEO, Bajaj General Insurance, said, “When we started this
journey, we wanted to build an organisation 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 have the conviction to take bold decisions in our customer’s interest.
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.” he added.
Deepak Reddy brings over three decades of experience in financial services, having held
senior leadership positions at Bajaj Finserv, American Express, Standard Chartered Bank and
MIRC Electronics. During his 17 year association with Bajaj Finserv, he played a key role in
building and scaling several businesses and, in his most recent role within the Group, led the
Rural, Insurance and Gold Loan businesses at Bajaj Finance. He was also Bajaj Finserv’s first
Group Head of Human Resources, bringing together business leadership and organisational
development experience. Most recently, he served as Chief Executive Officer of Manappuram
Finance. His extensive experience across financial services, including insurance, coupled with
his understanding of the Bajaj Group, positions him well to lead Bajaj General Insurance in its
next phase of growth.
The planned transition reflects a structured approach to leadership succession, ensuring
continuity of strategy as Bajaj General Insurance builds on its market positioning and pursues
its long-term growth priorities.
