New Delhi, 6th Jan, 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 & Head of Marine Practice. With over four decades of experience in the Indian general insurance industry, Mr. Balasundaram brings deep technical expertise, strategic insight, and sectoral leadership that will help guide the company’s long-term growth across the corporate insurance landscape.
A seasoned general insurance professional, Mr. Balasundaram has built a distinguished career spanning underwriting, claims management, and solution structuring across multiple lines of business. He is widely respected for his in-depth understanding of the Indian general insurance market, with Marine Cargo being a key area of specialisation and long-standing expertise. His technical mastery, combined with a strong foundation in finance, has enabled him to consistently balance underwriting rigour with commercial outcomes while designing bespoke insurance solutions for complex corporate risks.
Beyond 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 organisational resilience and capability building over the years. He is also a recognised industry voice and a 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 with and mentors young insurance professionals. He is a regular speaker and panelist at leading industry forums and webinars organised 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 stalwart of Mr. Balasundaram R’s stature to our Senior Advisory Board. His four decades of hands-on 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 to mentorship and training aligns closely with our mission of delivering robust, well-structured insurance solutions to India’s businesses.”
The appointment underscores Policybazaar for Business’s continued focus on deepening domain expertise and building a strong advisory ecosystem to support Indian enterprises with increasingly complex risk and insurance needs.
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About Policybazaar for Business
Policybazaar for Business (PBFB), launched in 2021, is the corporate insurance arm of Policybazaar, a household name. Building on its retail insurance expertise, PBFB addresses the diverse insurance needs of businesses across India. It offers comprehensive insurance solutions to companies of all sizes, from startups and SMEs to large enterprises, hospitals, medical practitioners, and healthcare institutions. With a client-centric and consultative approach, PBFB provides customised advice and integrated solutions from a single, trusted source. Its offerings span employee benefits, liability, property, engineering, marine and transit, and cyber insurance, among others. PBFB’s vision is to empower businesses and professionals with robust insurance solutions that help them stay resilient against adversities and unforeseen risks.
