Satyajit Tripathy, member, Distribution,IRDAI

Meanwhile, another post of member(Non-life), IRDAI, will fall vacant after incumbent Thomas M Devasia retires on July 12, after completing his 22-month tenure at the insurance regulator

New Delhi:

The government has appointed Satyajit Tripathy,60, former CMD of United India Insurance(UII) as one of the members (Distribution) of Hyderabad based insurance regulator IRDA.

Tripathy, who retired from Chennai based UII in Feb end and will be a member of IRDA till Feb 2026.

He had started his career as an agriculture expert with General Insurance Corporation in 1988.

The post of member, Distribution had fallen vacant after SN Rajeswari retired from the post on March 4.

Ministry of Finance, had shortlisted the names of Tripathy, Randip Singh Jagpal, executive director, IRDAI, LK Shyamsunder, zonal manager, South Central Zone, Life Insurance Corporation and Debasis Das, general manager, National Insurance Company , for conducting the interviews.

The Financial Sector Regulatory Appointment Search Committee (FSRASC), headed by cabinet secretary Rajiv Gauba, had interviewed the four candidates.

Meanwhile, another post of member(Non-life), IRDAI will fall vacant after incumbent Thomas M Devasia retires on July 12, after completing his 22-month tenure at the IRDAI.

The government has advertised for the post and the last date for receipt of applications was March 25,2024.

Earlier, PK Arora had got two-year extension as member, Actuary and Rajay Kuma Sinha had joined as a new Member, Finance at the IRDAI after quitting his job at the country’s largest bank- State Bank of India.