Bharti AXA Life Insurance announced the appointment of Parag Raja as its new MD and CEO. Raja will replace Vikas Seth, who led Bharti AXA Life Insurance for the past two-and-a-half years, after April 30. The appointment is subject to regulatory approval.
Prior to this, Raja was the Chief Distribution Officer at Aditya Birla Sun Life Insurance. He was also one of the founding members of Max Life Insurance and worked with the company for 15 years.
Rajesh Sud, Managing Director, Bharti Enterprises – Financial Services, “With his extensive experience in the domestic life insurance industry and demonstrated leadership across agency, bancassurance, broking and direct sales force channels, we are confident that Parag will lead Bharti AXA to greater success.”
Raja is a Post Graduate in Marketing Management from Jamnalal Bajaj Institute of Management Studies, Mumbai. He holds a Bachelor’s degree in Commerce from HR College and a Master in Commerce from Sydenham College, Mumbai.
Founded in 2006, Bharti Axa is a joint venture between Bharti Enterprises and multinational AXA. Bharti has 51% stake and AXA holds 49% stake in the insurance company.
Recently, Airtel Payments Bank had tied up with Bharti AXA General Insurance to launch a coronavirus insurance policy.
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