People · Financial Services

PB Fintech appoints new CEO after Tarun Mathur resigns

By Startup Enthusiast · 8 April 2026

What they do

Policybazaar offers health, term, life, car, bike, and investment insurance plans

Tarun Mathur resigned as CEO and principal officer of Policybazaar Insurance Brokers effective April 7, 2026

PB Fintech reported a 165% rise in Q3 FY26 net profit to ₹189.4 Cr amid strong revenue growth

Tarun Mathur resigned as CEO of Policybazaar Insurance Brokers on April 7, 2026.
He submitted his resignation to the board on January 30, citing personal commitments.
His exit was conditional upon regulatory approval for his successor by the insurance regulator.
Sajja Praveen Chowdary was appointed as the new CEO and principal officer on the same date.
The IRDAI granted approval for Chowdary's appointment on April 7, 2026.
Chowdary also serves as a Whole-Time Director of Policybazaar Insurance Brokers.
Mathur spent over 18 years at the company, including roles as co-founder and chief business officer.
The insurance broker is a wholly owned subsidiary of PB Fintech Ltd.

The leadership change occurs while PB Fintech reports strong financial performance.
The transition follows a months-long process initiated by Mathur's resignation letter.

PB Fintech offers health, term, life, car, bike and investment insurance plans.
Features include free term life insurance and plans with return of premium options.
The platform provides specialized plans for diabetics, women, NRIs and self-employed individuals.
It covers travel, home, solar panel, burglary and commercial vehicle insurance products.
Business insurance includes professional indemnity, cyber risk and directors & officers liability.
Investment products include ULIPs, pension plans, tax saving investments and annuity plans.
The company claims lowest prices from 51 insurers with up to 15% discounts.
Services include claim filing, tracking and cashless network support for policyholders.
A mobile app is available on Play Store and App Store for customer access.