Venkatachalam will take over from Naveen Tahilyani, who moves to another role in the Tata group. Tahilyani has also been elevated as a non-executive director of Tata AIA Life Insurance.
Venkatachalam, Venky as he is known, has over 27 years of experience spanning life insurance, asset management and custodial services. He has expertise in sales & distribution, strategy, business & process development and key account management.
He joined Tata AIA in 2016 and was president and chief distribution officer in his previous role. He has also led several initiatives in areas such as marketing, strategy, analytics and direct digital business.
Tahilyani spearheaded the transformation of Tata AIA into a digitally-enabled multi-channel business, with value of new business (VONB) increasing by three-and-a-half times between 2018 and 2022.
(You can now subscribe to our Economic Times WhatsApp channel)