New Delhi,6th January 2026: Policybazaar for Business, the corporate insurance arm of Policybazaar.com, has announced the appointment of insurance veteran Balasundaram R as a Senior Advisory Board Member and Head of the Marine Practice. With over four decades of experience in the Indian P&C insurance industry, Mr. Balasundaram brings deep technical expertise, strategic vision and industry leadership that will help guide the company’s long-term growth in the corporate insurance landscape.
A seasoned property and casualty insurance professional, Mr. Balasundaram has built a distinguished career spanning underwriting, claims management and solution structuring across multiple industries. He is widely respected for his in-depth understanding of the Indian general insurance market, with ocean freight being a key area of specialization and long-standing expertise. His technical mastery, combined with a strong foundation in finance, has enabled him to systematically balance underwriting rigor and business outcomes while designing tailored insurance solutions for complex enterprise risks.
Beyond his technical expertise, Mr. Balasundaram is known for his leadership in channel management, negotiation and team development. He has successfully built and mentored high-performing teams across diverse roles and age groups, contributing to organizational resilience and capacity building over the years. He is also a recognized voice in the industry and a strong advocate for basic insurance education. As a visiting professor at institutions such as the National Insurance Academy and the College of Insurance, he actively engages with and mentors young insurance professionals. He is a regular speaker and panelist at leading industry forums and webinars hosted by bodies such as IUMI, IBAI, III and NIA.
Commenting on the appointment, Sajja Praveen Chowdary, Director, Policybazaar for Business, said: “We are delighted to welcome an industry stalwart of Mr. Balasundaram R’s stature to our Senior Advisory Board. His four decades of practical experience in general insurance, particularly in complex areas such as complex marine cargo and hull exposures, will be invaluable as we continue to strengthen our technical depth and advisory capabilities. His strong commitment for mentoring and training closely aligns with our mission of providing robust and well-structured insurance solutions for Indian businesses.
This appointment highlights Policybazaar for Business’s continued focus on deepening domain expertise and building a robust advisory ecosystem to support Indian businesses with increasingly complex risk and insurance needs.
About Policybazaar for Business
Policybazaar for Business (PBFB), launched in 2021, is the business insurance arm of Policybazaar, a well-known name. Leveraging its retail insurance expertise, PBFB caters to the diverse insurance needs of businesses across India. It offers comprehensive insurance solutions to businesses of all sizes, from startups and SMEs to large corporations, hospitals, doctors and healthcare facilities. With a consultative, client-centric approach, PBFB provides personalized advice and integrated solutions from a single, trusted source. Its offerings cover, among others, employee benefits, liability, property, engineering, shipping and transit, and cyber insurance. PBFB’s vision is to provide businesses and professionals with robust insurance solutions that help them remain resilient in the face of adversities and unforeseen risks.
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