Debashish Panda appointed as new Chairman of IRDAI

Authorities on Friday appointed Debashish Panda as the brand new Chairman of the Insurance coverage Regulatory and Growth Authority of India (IRDAI). He has been appointed for 3 years.

Debashish Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, was former secretary of the Division of Monetary Providers within the Ministry of Finance and retired in January 2022.

The submit of IRDAI chairman was mendacity vacant since Might 2021. Thus, the IRDAI chief has been appointed after virtually 10 months.

The coverage selections will speed up after the appointment of recent chairman. Additionally, the adjustments in third occasion premium can be authorized by the brand new chairman.


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