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Debasish Panda named as Chairman of IRDAI

Highlights:

  • Debasish Panda has been appointed as the chairman of the Insurance Regulatory and Development Authority of India (IRDAI). 
  • He is a former financial services secretary.
  • The post of Chairman of IRDAI was lying vacant since May 2021 when Subhash Chandra Khuntia completed his term. 
  • Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, retired as financial services secretary in January this year after a two-year stint.
  • The Appointments Committee of the Cabinet has approved Panda’s appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of charge. 
  • The appointment of IRDAI chairman comes nearly 9 months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year.
  • IRDAI Founded in the year  1999.
  • It's Headquarters is located at  Hyderabad.