Pramod Kumar Arora, member, Actuary, IRDAI
Though, the government had advertised for the post sometime back, it decided afterwards to give extension to Arora, who was also managing Reinsurance Department at the IRDAI
New Delhi:
The government has given two –year extension to Pramod Kumar Arora,58, member, Actuary, IRDAI, till January 4, 2026.
Arora had ended his three-year tenure at IRDAI on Jan 04.
“The appointments Committee of the Cabinet has approved the extension in the tenure of appointment of Arora as whole-time member, IRDAI, for a period of two years with effect from Jan 04, 2024” said an order dated January 5 from the the Department of Personnel and Training (DoPT) .
Though, the government had advertised for the post sometime back for which a lot of actuaries had applied, it decided afterwards to give extension to Arora, who was also managing Reinsurance Department at the IRDAI.
He had joined the IRDAI from Life Insurance Corporation(LIC).
However, the government is yet to announce the name of the new member, Finance and Investment(F &A), IRDAI, for which the interview was done on December 18, 2023.
The Financial Sector Regulatory Appointment Search Committee( FSRASC), headed by cabinet secretary Rajiv Gauba had interviewed five candidates for the post.
The five candidates are- V Rama Mathew, (Indian Revenue Service), member & special secretary to Government of India, Central Board of Indirect Taxes and Customs, Lalit Chandel (Indian Economic Service), who is on deputation from Ministry of Finance to Andhra Pradesh Government and currently posted as managing director with Andhra Pradesh General Insurance Corporation, PC Kandhpal, former deputy managing director, State Bank of India and former MD&CEO of SBI General, RK Sinha, MD,SBI Capital Markets, the investment banking unit of SBI, AS Pardha Saradhi, executive director and company secretary, National Mineral Development Corporation(NMDC) based in Hyderabad.
The post had fallen vacant after Rakesh Joshi retired from the post after reaching 62.