Anjan Dey, CMD, Oriental Insurance Company
N Ramaswamy,general manager, GIC Re and RR Singh,diretor & general manager,OIC, are two top contenders for the OIC chief post
Dey had joined OIC in March 2021 and has tenure till November 2023
It is now expected a lot of senior officials of the PSU general insurance industry will now opt for VRS after the implementation of the latest wage revision for which employees have received their arrears last week
New Delhi;
Anjan Dey,58, CMD, Oriental Insurance Company, has put in his papers a few days back by opting for voluntary retirement scheme(VRS).
Dey had joined OIC in March 2021 and has services till November 2023.
“Yes, Dey has opted for VRS on health and personal grounds,” said ministry of finance(MoF) sources.
N Ramaswamy,general manager, GIC Re and RR Singh,diretor & general manager,OIC, are two top contenders for the OIC chief post.
Soon, FSIB, the head hunting agency of the government for selecting executive directors, MD &CEOs of PSU banks, CMDs and GMDs of PSU insurance companies, will be interviewing five candidates to choose a successor for Dey at OIC.
Industry sources pointed out that Dey was infected with Covid last year and had developed several other health complications since then. He had kept the ministry informed about his health conditions.
He is the senior most CMD in the PSU general insurance industry and also the chairman of General Insurance Council, the representative body for the general insurance industry.
He has more than 36 years of experience in the Indian general insurance industry and belongs to 1986 batch of New India Assurance.
Years back MK Garg, CMD, United India Insurance, had quit has job much before his retirement and Dey’s predecessor SN Rajeswari had resigned from the post to join IRDAI as its member(Distribution).
Recently, another senior official Sobha Reddy, managing director, GIC Housing Finance, had taken VRS just couple of months before her retirement.
It is now expected a lot of senior officials of the PSU general insurance industry will now opt for VRS after the implementation of the latest wage revision for which employees have received their arrears last week.
Wishing him.all the best
Good Officer.It is sad that he resigning on the ground of health. Wish for good health.
A dashing Chairman for sure.. the industry will definately miss him..
He is superb personality product of MONIRBA,wished he stayed further.
Best wishes to you sir .
Wishing Mr.Anjan Dey all the best.
All the best Mr Dey.
As far as, future of PSU companies, they will really flourish higher. Concept of insurance is always is a RELIEF provider for rural schemes,
I worked with him… When he was Branch Incharge at New India….
M so sad he is quitting….. I am disheartened….. All the best for his retired life….. But virtue can’t live alone….. He will continue show us the path….. Ahead
I have worked with him when he was AAO at Allahabad DO I, and we have played inter insurance cricket tournament when I was Captain and Mr. Dey was vice captain he was a dynamic player, as well as a dynamic officer and very gentle and soft spoken we pray for his good health, and happy retired life after VRS.
Wish you all best for future retirement life stay safe & take care of your health…
Mr Anjan Dey has been a beacon in the Industry during his New India days and it was a befitting elevation when he became CMD of OIC. We pray for his good health and urge him to keep contributing to the Insurance sector in his personal capacity. All the best sir
He puts in his papers because of interference in his work and unjustified unwanted pressure by few of ministry officials which no senior person will like to tolerate.
Anjan Dey is my batch mate. 1986 Generalist while I joined as Legal Specialist in same year in New India. We both worked in together in Kolkata RO in our rudimentary days. We stayed in together much later at Andheri Staff Quarters of New India for few years. He is intelligent, hard working passionate human being. I wish Happy Retired Life of my colleague, Anjan Dey.
Mr. Dey’s departure from insurance industry will definitely be a set back. He is a super brilliant, honest and upright officer. I was bit upset when came to know of his putting in papers.
We have worked together for long years in Allahabad and Kanpur.
Anjan you will continue to shine in future. Take care of your health
Mr. Anjan day used to be a faculty at New India Assurance training center at Mumbai, a version good faculty, whilst it was given to know that he was a PG from IIM,Allahabad,
Wish him good post VRS life