Question
Download Solution PDFWho was appointed as the chairman of the Insurance Regulatory and Development Authority of India (IRDAI) in March 2022?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Debasish Panda
Key Points
- Debasish Panda was appointed as the chairman of the Insurance Regulatory and Development Authority of India (IRDAI) in March 2022.
- Prior to his appointment, Debasish Panda served as the Secretary, Department of Financial Services, Ministry of Finance.
- His vast experience in the financial sector is expected to bring significant expertise and leadership to IRDAI.
- IRDAI is a statutory body tasked with regulating and promoting the insurance and reinsurance industries in India.
Additional Information
- The Insurance Regulatory and Development Authority of India (IRDAI) was established by an act of Parliament in 1999.
- IRDAI's mission is to protect the interests of the policyholders, regulate, promote, and ensure orderly growth of the insurance industry.
- The authority also aims to ensure the financial stability of the insurance sector and to provide long-term funds for accelerating the growth of the economy.
- IRDAI's headquarters is located in Hyderabad, Telangana.
Last updated on Jul 1, 2025
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