Bajaj General Insurance names Deepak Reddy CEO designate

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Reddy to take over as Managing Director and Chief Executive Officer from April 1, 2027; Tapan Singhel to continue until March 31

By BL Kolkata Bureau

Updated - October 23, 2026 at 09:13 PM. | Kolkata

Bajaj General Insurance’s board on Friday approved the appointment of Deepak Reddy as Chief Executive Officer Designate of the company, effective January 1, 2027.

Reddy will take charge as Managing Director and Chief Executive Officer of Bajaj General Insurance, a subsidiary of Bajaj Finserv Ltd, on April 1, 2027, subject to approval of insurance sector regulator IRDAI.

Tapan Singhel will continue as Managing Director and Chief Executive Officer until March 31, 2027, ensuring a seamless transition, Bajaj General Insurance said in a statement.

Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv Ltd, said, “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.”

Singhel’s legacy is not just a successful business, but a strong institution built to endure, Bajaj said. “As India’s insurance sector enters its next phase of growth, the opportunity to protect more lives, livelihoods and businesses is immense. We are delighted to welcome Deepak to lead Bajaj General Insurance into its next chapter. I am confident that Deepak will build on the strong foundation laid by Tapan and his team, unlock new opportunities and take the company to greater heights,” he added.

Deepak 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, Reddy 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 Officer of Manappuram Finance, according to the statement.

“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 the conviction to take bold decisions in our customer’s interest,” said Tapan Singhel, Managing Director and Chief Executive Officer, Bajaj General Insurance.

“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,” Singhel added.

Published on October 23, 2026

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