Business Policybazaar Welcomes General Insurance Veteran Balasundaram R to Senior Advisory Board
New Delhi, 6th January, 2026: Policybazaar for Business, the business insurance arm of Policybazaar.com, has announced the appointment of insurance veteran Balasundaram R as a member of the Executive Advisory Board and Head of Marine Operations. With over four decades of experience in the Indian general insurance industry, Mr. Balasundaram brings deep expertise, strategic insight, and industry leadership that will help guide the company’s long-term growth across the business insurance sector.
A seasoned general insurance expert, Mr. Balasundaram has built a distinguished career spanning underwriting, claims handling, and settlement planning across multiple lines of business. He is highly regarded for his deep understanding of the Indian general insurance market, with Marine Cargo being a key area of expertise and long-term expertise. His technical expertise, combined with a strong foundation in finance, has enabled him to balance underwriting rigor with commercial results while designing bespoke insurance solutions for complex business risks.
Apart from technical expertise, Mr. Balasundaram is known for his leadership in channel management, negotiation and team development. He has successfully built and directed high performing teams across various roles and age groups, contributing to organizational strength and capacity building over the years. He is also a recognized industry voice and passionate advocate for core insurance education. As a visiting faculty member at institutions such as the National Insurance Academy and the College of Insurance, he actively engages and mentors young insurance professionals. He is a frequent speaker and panelist at leading industry forums and webinars organized by bodies including IUMI, IBAI, III, and NIA.
Commenting on the appointment, Sajja Praveen Chowdary, Director, Policybazaar for Business said, “We are delighted to welcome an industry veteran of the caliber of Mr. Balasundaram R to our Executive Advisory Board. His four decades of experience in general insurance, particularly in complex areas such as complex marine cargo and ship exposures as we continue to develop his technical capabilities. commitment to training and education are closely aligned with our mission to deliver insurance solutions strong, well-structured Indian business.”
The appointment underscores Policybazaar Business’ continued focus on deep domain expertise and building a robust advisory system to support Indian businesses with complex risk and insurance needs.
About Business Policybazaar
Policybazaar for Business (PBFB), launched in 2021, is the business insurance arm of Policybazaar, a household name. Building on its retail insurance expertise, PBFB addresses the diverse insurance needs of businesses across India. It provides comprehensive insurance solutions to companies of all sizes, from start-ups and SMEs to large enterprises, hospitals, doctors and healthcare facilities. With a client-focused and consultative approach, PBFB offers customized advice and integrated solutions from a single trusted source. Its offerings include employee benefits, credit, property, engineering, marine and transportation, and cyber insurance, among others. PBFB’s vision is to empower businesses and professionals with robust insurance solutions that help them stay strong against adversity and unexpected risks.
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