After, Atul Sahai retired as CMD of New India Assurance (NIA) on Feb 28, the board of (NIA) on Thursday has decided to vest power of CMD in many areas of the functioning of the company with its general manager Madhulika Bhaskar.

Earlier, Bhaskar, the senior most general manger of the PSU general insurance industry,, was earlier transferred from GIC Re to NIA in the third week of February.