Mahindra Manulife appoints Ruchika Varma as CMCO
By: Women Entrepreneurs Review Team | Tuesday, 15 September 2026
Mahindra Manulife Life Insurance has appointed Ruchika Malhan Varma as its Chief Marketing & Customer Officer (CMCO), strengthening its focus on customer-centric branding, marketing and business growth.
Ruchika brings more than 25 years of experience across financial services, media, entertainment, travel and consumer businesses in India and Asia. Her extensive industry experience is expected to support the insurer’s efforts to deepen customer engagement and strengthen its market presence.
In her new role, Ruchika will lead brand and marketing communications, corporate communications, digital and growth marketing, customer experience, and digital experience. She will also oversee partnerships, diversity, equity and inclusion (DEI), sustainability and AI enablement initiatives.
Key Highlights:
- Mahindra Manulife appoints Ruchika as CMCO
- Ruchika brings over 25 years of experience across multiple industries
- She will lead marketing, customer experience and AI initiatives
Her appointment is part of Mahindra Manulife Life Insurance’s broader strategy to build a consumer-first franchise. Ruchika will work across key customer and brand functions to strengthen the insurer’s engagement with consumers and support its long-term growth strategy.
Commenting on the appointment, Suresh Agarwal, MD & CEO, Mahindra Manulife Life Insurance, said, “Ruchika’s experience at the intersection of brand, customer, technology and business makes her an important addition as we set out to build Mahindra Manulife Insurance. Our ambition is to create an AI-first, consumer-driven insurance company that understands customers better, designs simple and effective experiences and delivers relevant protection solutions. Her leadership will be instrumental in translating this ambition into a differentiated customer proposition and a strong, trusted brand.”
Sharing her vision for the new role, Ruchika said, “Insurance is entering a new era where AI, data and deep consumer understanding can fundamentally reshape how customers discover, buy and experience insurance. I am excited to be part of the journey of building Mahindra Manulife Life Insurance as an AI-first, consumer-driven organization that combines technology and human insight to make insurance more relevant, intuitive and accessible for customers across India.”
Ruchika has been with Generali Central Insurance as the Chief Marketing, Customer and Impact Officer prior to his joining Mahindra Manulife. Prior to this, she served as Chief Marketing Officer at IDFC FIRST Bank, contributing significantly to the development and enhancement of the IDFC Bank brand and IDFC FIRST Bank. Prior to this, she held leadership positions at BBC Worldwide, Lonely Planet, Singapore Tourism Board, VIP Luggage, and Electrolux.
Ruchika spearheaded marketing, customer engagement, and impact initiatives at Generali Central Insurance. In addition to her experience in insurance, this expertise has been a big asset in her new position at Mahindra Manulife Life Insurance.
As a member of IDFC FIRST Bank, she helped enhance the brand value of the bank and widened its customer-centric marketing strategy. She has a proven track record in brand building, customer strategy, digital transformation, and business growth.
Ruchika has spent her career with top-tier organizations in the banking, insurance, media, and tourism, travel, and consumer sectors. With her rich professional experience, she has cross-industry expertise that she has brought to her new role at Mahindra Manulife Life Insurance.
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