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Secys, PSU insurer heads among those keen on IRDAI top job

As per the governments eligibility criteria applicant is required to have at least 30 years of work experience and should have served as secretary to government or at equivalent level in other institutions. ....

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Life insurers get tough on risk assessment as second Covid-19 wave bites

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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. ....

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Government invites applications for post of Irdai chairman

Government invites applications for post of Irdai chairman
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Last Updated: Apr 30, 2021, 10:49 PM IST
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Synopsis
Applications are invited from eligible candidates for appointment to the office of chairperson in Irdai, a notification issued by the Department of Financial Services said.
As per the eligibility criterion, the applicant shall not hold office beyond 65 years of age.
The finance ministry has invited applications for the post of Insurance Regulatory and Development Authority of India (Irdai)chairperson, which is set to fall vacant next month. The incumbent chairman Subhash Chandra Khuntia, IAS (retd) of 1981-batch, was appointed in May 2018 for a period of three years. ....

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Commercial viability alone must drive bank stakes in insurance: Irdai chief

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