The appointment, which is topic to regulatory approvals, is a step for Paytm to additional its journey into the insurance coverage sector with an instantaneous concentrate on General Insurance, the corporate stated in an announcement.
Arora will lead the efforts to supply industry-leading options within the normal insurance coverage area, the place Paytm continues to discover choices to enter the sector, it added.
“The financial service solutions that Paytm is building for millions in India are relevant globally as well. With Paytm leading the way I believe just like payments, the general insurance industry would also go through a major transformation going forward,” Arora stated.
Previously, Arora served because the managing director and chief govt officer of Aegon Life Insurance Company and was a part of the India Leadership crew.
Before that, he was senior normal supervisor and head Product, Distribution, Marketing and Wealth Management at ICICI Securities Ltd the place he constructed a worthwhile distribution enterprise throughout numerous delivery channels.