Mumbai, Maharashtra, India, August 2025 – FatakPay, one of India’s fastest-growing digital financial services platforms, has appointed Bikash Choudhary as the Chief Executive Officer of FatakSecure, the company’s newly launched insurance vertical. The move signals FatakPay’s strategic expansion into the insurance domain, underscoring its vision to integrate protection as a cornerstone of financial wellness, particularly for India’s underserved segments.
As CEO of FatakSecure, Bikash will be responsible for building a seamless and inclusive insurance platform aimed at closing the protection gap for millions of uninsured and underinsured Indians. With FatakPay’s wide digital user base across lending, payments, and investments, FatakSecure will leverage this foundation to offer simple, accessible insurance products that fit into everyday financial behavior—especially targeting gig workers, blue-collar professionals, and Tier II and III city dwellers.
Bikash Choudhary brings over 22 years of experience across actuarial, risk, product development, and governance roles. Most recently, he served as Chief Actuarial and Governance Officer at IndiaFirst Life Insurance, where he led critical initiatives around governance, disclosures, and product innovation while helping shape the organization’s strategic direction.
Prior to that, he held dual responsibilities as Appointed Actuary and Chief Risk Officer at Future Generali India Life Insurance, contributing significantly to the company’s risk frameworks and actuarial leadership. He also held key roles at Willis Towers Watson, Bajaj Allianz Life, and Aviva Life, building a rich portfolio of experience across Indian and international insurance markets.
Beyond corporate roles, Bikash has remained actively engaged with regulatory bodies and industry platforms, contributing thought leadership and policy perspectives to strengthen the broader insurance ecosystem.
Sharing his vision, Bikash Choudhary stated, “The growing population segment in Tier II and beyond remains largely uninsured. It is our aim to make insurance simple, accessible, affordable, and transparent to meet the real needs of such segments. Insurance in India must evolve to serve people at the grassroots level to support the Government’s vision of ‘Insurance for All’… FatakSecure represents an opportunity to bring protection into the daily lives of Bharat. I’m excited to build a platform that truly puts people first.”
Amit Lodha, Group CEO of FatakPay, welcomed the appointment: “With over 70% of our users returning to us, we’ve earned their trust and deeply understand what they need to feel financially secure… FatakSecure is a natural step forward as we grow from a lending platform into a complete financial wellness partner.”
About FatakSecure
FatakSecure (FatakPay Insurance Solutions Pvt Ltd), a subsidiary of FatakPay Digital, is a full-stack digital insurance platform built to tackle product complexity, low penetration, and limited transparency in India’s insurance sector. It offers protection across life, health, accident, and device categories, with personalized product recommendations based on income, lifestyle, and user behavior. FatakSecure policies will be issued under a composite Corporate Agent License, currently pending IRDAI approval, and will be integrated within the FatakPay app for easy access.
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