Former Irdai chairman asks insurers to concentrate on preven

Former Irdai chairman asks insurers to concentrate on prevention of risk


Insurers need to focus not only on insuring risks, but also on prevention of risks so that the policyholders derive benefits from not just settlement of claims, but also from prevention of loss, said Subhash Chandra Khuntia, who retired as the chairman of Insurance Regulatory and Development Authority of India (Irdai) last week.
Khuntia's term as Irdai chairman ended on May 6. He held the office of Irdai chairman for three years, from May 2018 to May 2021. Irdai has started the process of finding a successor to Khuntia, inviting applications for the post of chairperson. A circular issued by Irdai said the applicant, who wishes to apply for the Irdai chairman’s post, must have knowledge or experience in life insurance, general insurance, actuarial science, finance, economics, law, accountancy, and administration. And, the consolidated pay and allowances of the chairperson will be Rs 4.50 lakh per month, without the facility of a house and car.

Related Keywords

Subhash Chandra Khuntia , Development Authority Of India Irdai , Insurance Regulatory , Development Authority , சுபாஷ் சந்திரா குந்டிய , காப்பீடு ஒழுங்குமுறை , வளர்ச்சி அதிகாரம் ,

© 2025 Vimarsana