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Parag Raja

MD & CEO
Bharti AXA Life Insurance

As the Managing Director and Chief Executive Director at Bharti AXA Life Insurance, Parag Raja is at the helm of the Company’s journey into its next phase of growth and transformation. In an illustrious career spanning more than two decades, Parag has been associated with prominent names in the BFSI sector such as Aditya Birla Sun Life Insurance, Max Life Insurance, ICICI Bank and ANZ Grindlays Limited, before joining Bharti AXA Life Insurance. The conscientious and result-oriented leader, reflected in his track record in delivering sustainable outcomes, holds both a bachelor’s and master’s degree in commerce and is also an alumnus of the esteemed Jamnalal Bajaj Institute of Management Studies, where he finished his Post graduation in Marketing Management.

At Bharti AXA, Parag oversees the development of overall strategy for the growth of the organization and for deploying resources to achieve business objectives. He is the public face of the organization and takes key decisions which determine the direction of the organization’s growth trajectory. His role is integral in defining the vision and mission of the organization and in implementing of strategies to achieve those goals.  Parag manages the operations of the organization with the assistance of the entire leadership team and while also engaging closely with the board of directors to establish best in class corporate governance practices. As the principal value enabler, Parag is committed to his responsibility to ensure that the organization delivers value to multiple stakeholders including customers, employees, and shareholders.

In his career history so far, Parag has been instrumental in bringing growth and business developments to the organizations he was associated with. He served as Chief Distribution Officer at Aditya Birla Sun Life Insurance where he planned and executed the strategic direction for expanding the organization’s footprint across the country while spearheading its robust sales growth. He also secured a vital bancassurance relationship with HDFC Bank, India’s biggest private lender, which became one of the key drivers for Aditya Birla Sun Life’s growth. While working with Max Life, Parag played a significant role in building a formidable partnership with Axis Bank to create the largest non-captive and third-largest bancassurance relationship in the country.