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Bharti AXA Life Insurance appoints Parag Raja as MD & CEO
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SME Times News Bureau | 08 Apr, 2020
Leading private insurer Bharti AXA Life Insurance today announced the
appointment of Parag Raja as Managing Director and Chief Executive
Officer of the company, subject to the requisite IRDAI approval.
Raja
will succeed Vikas Seth, who led Bharti AXA Life Insurance for the past
two and a half years, after April 30, 2020, subject to the regulatory
approvals. Announcing the appointment, Rajesh Sud, Managing
Director, Bharti Enterprises – Financial Services, "With his extensive
experience in the domestic life insurance industry and demonstrated
leadership across the agency, bancassurance, broking and direct sales
force channels, we are confident that Parag will lead Bharti AXA to
greater success and help achieve our mission of protecting and
empowering every Indian through insurance."
Prior to joining
Bharti AXA Life Insurance, Raja, with a career spanning nearly 21 years
of which 19 years in the life insurance industry, was the Chief
Distribution Officer at Aditya Birla Sun Life Insurance and responsible
for planning and executing the strategic direction for expanding the
company's footprint across India.
"I believe the company has
great potential to reach out to customers across the country with its
various products for various needs of different life stages and its
quality services. I look forward to leading a wonderful team with a view
to expanding the reach of life insurance and harnessing the untapped
opportunity in the industry," Raja said
Earlier, Parag was one of
the founding members of Max Life Insurance and associated with the
company for 15 years. Apart from driving many key projects successfully,
he worked across Max Life's agency and bancassurance channels.
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