Senior executives of private insurance companies, bureaucrats and officials of IRDAI can now apply for the post of Chairman and Managing Director in public sector general insurance companies keeping in lines of the norms for state-run banks.
There are two vacancies at present in state-owned General Insurance Companies. Though IRDAI officials are allowed to apply, the regulator is also looking to fill three vacancies at the Insurance Regulator and Development Authority. These include member life, member non-life and member actuary. The chairman’s post has been vacant in National Insurance Company for more than a year.
The government has given additional role to Agriculture Insurance Company’s CMD P. J. Joseph as chairman of the Kolkata-based insurer. The post of chairman at India’s designated reinsurer General Insurance Corporation will fall vacant in October.
The government appointed Rajesh Agarwal, joint secretary, department of financial services, as in-charge of National Insurance on May 19.
