The center on Sunday, when the Election Commission(EC) announced the schedules for the general election in the country, appointed Alamelu T Lakshmanachari, 58,chairman-cum-managing director, Agriculture Insurance Company(AIC) as a Member (Non-Life) in the Insurance Regulatory and Development Authority of India (IRDAI) for a period of three years.
“The Appointments Committee of the Cabinet (ACC) has approved the appointment of Ms. T.L. Alamelu, Chairman-cum-Managing Director, Agriculture Insurance Company of India Limited, as Whole-Time Member (Non-Life) in Insurance Regulatory and Development Authority of India (IRDAI) for a period of 03 years or until further orders, whichever is earlier,’’ said an order from the DOPT( Department of Personnel and Training) on Sunday evening..
According ministry of finance(MoF) sources, a lot the pending appointments needing ACC and Prime Minister were cleared just before the schedules for the general election were announced on Sunday.
However, the much awaited order on the appointment of chairman of Life Insurance Corporation(LIC) has not been announced as yet.Though, there is a buzz that the name of MR Kumar,zonal manger, Delhi and the senior most LIC official, has been cleared by the ACC and PMO on Friday, no notification has been issued by the DOPT on Sunday. Similarly the names of Vipin Anand, zonal manager, Western Zone, and TC Suseelkumar, ZM, Hyderabad,are doing the rounds as newly appointed managing directors of the corporation.
“May be,DOPT will notify on Monday,'' said MoF sources.
For the first time, the Banks Board Bureau (BBB), that selects managing director of PSU banks, had interviewed seven senior officials of the state-owned LIC in the rank of executive directors(ED), on Jan 4,to select the new chairman and two managing directors for the corporation
A member at IRDAI retires at 62 and Alamelu will still have a few months to reach 62 even after completing three years as a member, IRDAI.
The post was lying vacant after PJ Joseph retired as the member of IRDAI in Jan 2019, and a top level committee headed by the cabinet secretary PK Sinha had held the interviews on Jan 10 to select Joseph's successor at IRDAI..
Alamelu joined the general insurance industry in 1983 as a direct recruit Officer in the New India Assurance..
Alamelu has extensive knowledge across an entire gamut of subjects. She has worked in providing specialized Insurance covers such as ISRO’s Satellite, launch and ONGC’s offshore assets, and has also handled Property, Casualty, Motor, Marine, Health and Aviation Insurance besides handling Reinsurance.
Among others, who had applied for the post are- AV Girija Kumar, CMD, Oriental Insurance Company(OIC), Siddarth Pradhan, director & general manager, National Insurance Company(NIC), John Pulliantham, general manager & director, NIC, C Narambunathan, director & general manager, New India Assurance(NIA). SN Rajeswari, general manager, NIA..