Birla Sun Life Insurance (BSLI) has appointed Pankaj Razdan as Chief Executive Officer and Managing Director of the company.
The appointment of Razdan, who has been with Aditya Birla Group since 2007, was subject to regulatory approval, the private insurer said in a release today.
"Razdan has successfully steered some of our key businesses through challenging times. He has also guided our AMC business to an industry leadership position," Aditya Birla Group Chief Executive (Financial Services) Ajay Srinivasan said.
He replaces Jayant Dua, who will move to another role within the diversified group, the release said.
"With a strong foundation, trust of over 2.5 million customers and presence in over 550 cities, BSLI is well placed to harness the myriad opportunities that the Indian life insurance sector presents.
"I am confident that with the team, brand and infrastructure we have built over the years, we will be able to harness the opportunity the Indian insurance landscape presents," Razdan said.
BSLI is a joint venture between India's Aditya Birla Group and Sun Life Financial Inc, a top international financial services organisation from Canada.