Bajaj General Insurance on Friday appointed Deepak Reddy as CEO designate with effect from January 1, 2027. He will take over as managing director and CEO from April 1, 2027, subject to approval from the Insurance Regulatory and Development Authority of India (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.
"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," said Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv.
Dr Singhe 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.
Who is Deepak Reddy?
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 OĆcer 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.