Private life insurer PNB MetLife today said that it has appointed Tarun Chugh as Managing Director of the company.
Chugh joins PNB MetLife from ICICI Prudential Life Insurance where he served as their Chief of Distribution, Operations and Marketing for India and was responsible for day-to-day management of all the business functions.
In this new role, Chugh will oversee all of MetLife's business and operations in India and will be a part of MetLife's Asia leadership team and will report to MetLife's President of Asia, Christopher Townsend and to the PNB MetLife Board.
Chugh will start with MetLife as soon as he has fulfilled his obligations to his current employer and his appointment is subject to regulatory approval, said the company in a release.
Rajesh Relan, the present MD, will be appointed as Head of Bank Distribution for the Asia region. Relan will now be responsible for overseeing MetLife’s strategic engagement with bank partners in Asia, assisting its local teams in building sales and service models, broadening sales and distribution channels, and strengthening MetLife’s business partnerships.
Under Relan’s seven year leadership, PNB MetLife has become one of the fastest growing life insurance companies in the country. The cessation of Relan’s current role is also subject to regulatory approval.
Christopher Townsend, MetLife's President of Asia said, “These two key appointments will help spearhead the next phase of growth for MetLife in Asia and advance our quest to deliver greater shareholder returns."