IndiaFirst Life Insurance, a prominent player in the insurance sector, has announced the appointment of Rushabh Gandhi as its new Managing Director (MD) and Chief Executive Officer (CEO). Gandhi, currently serving as the deputy CEO of the insurer, will assume the role for a five-year term starting from July 1, 2024, pending regulatory approvals. This leadership transition comes as R M Vishakha, the current MD and CEO, is set to retire on June 30, 2024.
With over 29 years of experience in the financial services industry across national and international markets, Gandhi brings a wealth of expertise to his new role. A graduate of the Narsee Monjee Institute of Management Studies (NMIMS) and INSEAD, Fontainebleau, Gandhi has held key positions at various renowned firms including Canara HSBC OBC Life Insurance, Aviva Life Insurance, and Birla Sun Life Insurance.
The board of IndiaFirst Life Insurance expressed confidence in Gandhi’s ability to lead the company into its next phase of growth, citing his strategic vision and extensive experience at IndiaFirst Life. Under Vishakha’s leadership since 2015, Gandhi has been instrumental in driving growth and profitability at the company.
The appointment of Gandhi underscores the insurer’s commitment to seamless succession planning and strategic leadership transition. IndiaFirst Life Insurance aims to leverage Gandhi’s leadership to further consolidate its position as a leader in the life insurance sector and drive sustained growth in the years to come.
As Gandhi prepares to take on his new role, IndiaFirst Life Insurance looks forward to a smooth transition and continued success under his leadership. With a focus on delivering value to customers and stakeholders, Gandhi’s tenure is poised to usher in a new chapter of growth and innovation for the company.