The General Insurance Council(GI Council), the official representative body of the Rs 1.7 trillion general insurance industry, will select a new secretary general on May 29.
The insurance professionals who have been shortlisted for the interview to be conducted on May 29 are:MN Sharma,former CMD, United India Insurance, John Pulinthanam. general manager & director,National Insurance Company, Balwant Singh, former general managers, Oriental Insurance Company (OIC) ,CR Vijayan, former GM & director, GIC Re, Deepak Sood,former CEO. Future Generali India Life Insurance.
R Chandrasekaran,66.secretary general, GI Council, since 16th November, 2011 will be calling it a day in July end after getting extension twice in the last eight years.
Five members of the executive committee of the GI Council- A V Girija Kumar, CMD, Oriental Insurance Company, Anuj Gulati, Religare Health Insurance Co, Ritesh Kumar, MD & CEO,HDFC Ergo General Insurance, Alice Vaidyan, CMD, GIC Re, C R Biswal, former additional chief secretary, Andhra Pradesh- will be interviewing the five candidates to select the new secretary general of the council.
In another development, the GI Council and Life Insurance Council have decided to put a retirement age for post of secretary general at 65 .
V. Manickam, Secretary, Life Insurance Council will be retiriing in March 2020.
Set up under section 64C of the Insurance Act, 1938, since 2001, by the Insurance Regulatory and Development Authority of India (IRDAI), the GI Council is an important link between the insurnace regulator and the non-Life insurance industry. It also pushes for the industry’s issues with the government.
While the council plays the role envisaged for it by the Insurance Act, it also facilitates overall growth for the industry in a fair and equitable manner in the interest of all stake holders.