Mumbai: Tata AIA Life Insurance Company Ltd, one of India’s fastest growing life insurance companies, has announced that its board has appointed Venkatachalam H as the new chief executive officer & managing director, subject to regulatory approval from IRDAI. Venkatachalam H. will take over from current chief executive officer & managing director, Naveen Tahilyani who moves to another role in the Tata Group and has been elevated as a non-executive director of Tata AIA Life Insurance Company Ltd.

Venky as he is fondly known, has over 27 years’ experience spanning life insurance, asset management and custodial services. He has expertise in sales & 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. Venky has also led several initiatives in areas such as marketing, strategy, analytics, and direct digital business.

Naveen has been a visionary leader, spearheading the transformation of Tata AIA into a market-leading and digitally enabled multi-channel business. Tata AIA has consistently outperformed the market, with VONB increasing by three and a half times between 2018 and 2022. Under Naveen’s leadership, Tata AIA has risen to become number three company on retail-weighted new business premium and is ranked number one in retail sum assured among private sector life insurers. Tata AIA has been awarded the Kincentric Best Employer seven times in a row as well as certified as a Great Place to Work.