Tata AIA Life Insurance appoints Venkatachalam H as its new MD and CEO
CEO and MD Venkatachalam H. of Tata AIA Life Insurance
Private life insurer Tata AIA Life Insurance on Tuesday announced the appointment of Venkatachalam H as the company’s new Chief Executive Officer (CEO) and Managing Director (MD).
The appointment is subject to approval by the Insurance Regulatory and Development Authority of India (IRDAI).
Venkatachalam will take over from the incumbent director, Naveen Tahilyani, who will move to another role within the Tata Group and has been appointed non-executive director of Tata AIA Life Insurance Company. Naveen Tahilyani has been MD and CEO of the life insurance company since 2020.
Venkatachalam has over 27 years of experience in the life insurance, asset management and custody services segments. He has expertise in sales and distribution, strategy, business and process development and key account management.
He joined Tata AIA in 2016 and was President and Chief Distribution Officer in his previous role. He also led several initiatives in areas such as marketing, strategy, analytics and direct digital operations.
Before joining Tata AIA Life Insurance, Venkatachalam was Executive Vice President for Bancassurance, Assets and International Business at ICICI Prudential Life Insurance Company. He was instrumental in setting up the bancassurance business at ICICI Prudential.
Venkatachalam has completed a Masters in Financial Management from Narsee Monjee Institute of Management Studies, Mumbai.
First print: February 6, 2024 | 5:45 PM IST