365telugu.com online news,Hyderabad, April 21, 2020: Digital payments leader Paytm, the brand owned by One97 Communications, today announced the appointment of Vineet Arora as the Managing Director and Chief Executive Officer of Paytm General Insurance Limited, subject to regulatory approvals. At the company, his joining is a step for Paytm to further its journey into the insurance sector with an immediate focus on General Insurance. He will lead the efforts to provide industry-leading solutions in the general insurance space, where Paytm continues to explore options to enter the sector.
Vineet Arora said, “I am thrilled to be part of such a dynamic team that has been responsible for changing the landscape of digital payments in India. Paytm, the biggest…, brings with its massive distribution reach along with best in class technology resources. 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.”
Amit Nayyar, President, Financial Services- Paytm said, “Building our deep presence in financial services is a critical step in Paytm’s journey going forward, and Vineet’s appointment adds further depth to our leadership team. We are very excited to welcome Vineet, whose experience and track record in the insurance and securities would help us accelerate our goal to provide insurance and financial services of every kind to millions in India. Vijay and I look forward to working very closely with him to build our Insurance venture.”
Vineet has led the digital transformation journey of some of the top insurance and securities firms in the country. Most recently he served as Managing Director and Chief Executive Officer of Aegon Life Insurance Company and was part of the India Leadership team. Prior to this role, he was Senior General Manager and Head Product, Distribution, Marketing and Wealth Management at ICICI Securities Limited where he built a profitable distribution business across various delivery channels.
He also helped expand the ICICI Direct online portfolio and aggressively increased the direct reach to customers. Vineet has a Bachelor’s degree in Mechanical Engineering from the Delhi College of Engineering and a Post Graduate Diploma in Business Management, with a specialization in Finance and Marketing, from the Xavier Institute of Management in Bhubaneswar.