Ganesh Krishnamurthy, LIC Executive Director has been appointed as new whole-time member (life) at IRDAI Insurance Regulatory and Development Authority. The appointments committee of the cabinet (ACC) has cleared his appointment as per an official notification.
Mr Ganesh succeeds Mr Nilesh Sathe, who retired in May 2019.
Mr Ganesh has worked across departments including customer relations, zonal manager, claims settlement, corporate communications and health insurance among others. He has been the executive director for customer relations management since April 2016.
The finance ministry had in October 2018 invited applications for the whole-time member for life and non-life at IRDAI.
The applicants were required to have at least 25 years experience in the area of life insurance with a minimum of three years experience at a senior level not below the rank of an executive director in a public sector insurer or equivalent. Further, the applicant was also required to have a minimum of two years of residual service for being eligible for the post.
