India, April 8 -- Tarun Mathur has resigned from the position of CEO and principal officer of Policybazaar Insurance Brokers, the insurance broking arm of PB Fintech, effective immediately.

Mathur cited personal commitments as the reason for his exit.

His resignation, first submitted to the board of directors on January 30, 2026, was conditional and was to take effect after the approval from the Insurance Regulatory and Development Authority of India (IRDAI) for his successor.

That approval was granted yesterday, with the regulator clearing the appointment of Sajja Praveen Chowdary as the principal officer and CEO of Policybazaar. 

Chowdary has been with PB Fintech Group since 2011 and headed the "Policybazaar for Business" verti...