Deepak Reddy appointed CEO designate of Bajaj General Insurance

Bajaj General Insurance, a subsidiary of Bajaj Finserv Limited, has announced the appointment of Deepak Reddy as its CEO designate. The appointment is set to take effect on January 1, 2027, with Reddy scheduled to officially assume the role of Managing Director and CEO on April 1, 2027, pending approval from the Insurance Regulatory and Development Authority of India (IRDAI).

Incumbent MD and CEO Dr. Tapan Singhel will remain in his position until March 31, 2027, to facilitate a seamless leadership transition. This change follows IRDAI regulations regarding the maximum continuous tenure for top executives. Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv Limited, praised Singhel’s leadership in evolving the company into a wholly Bajaj-owned entity and noted that Reddy is expected to lead the firm into its next phase of growth.