Archive · 25 Jul 2025
Ajay Seth Named New IRDAI Chairman
Imagine a big company that looks after all the insurance plans in India.
This company is called IRDAI.
They needed a new boss, like a new principal for the school of insurance!
They picked a very smart person named Ajay Seth.
He used to work in the government, and he's really good with money and plans.
He's going to be the new leader for three years, or until he gets to 65 years old, like a long-term assignment.
Ajay Seth is very educated and knows a lot about how things work.
So he's going to take over from the old boss to make sure everything runs smoothly.
Ajay Seth has been appointed as the new Chairman of IRDAI.
Seth will succeed Debasish Panda.
Seth's term is for three years or until he turns 65, whichever comes first.
Seth is a 1987-batch Indian Administrative Service officer from the Karnataka cadre.
Seth holds an MBA and a degree in Mechanical Engineering.
- Who
- Ajay Seth, Debasish Panda, and the Appointment Committee of the Cabinet (ACC)
- What
- Appointment of Ajay Seth as IRDAI Chairman
- When
- Term starts immediately upon appointment
- Where
- India
- Why
- To lead IRDAI, the insurance sector regulator, after Debasish Panda's term ended.
- New Chairman
- Ajay Seth
- Predecessor
- Debasish Panda
- Term Length
- 3 years or until age 65 (whichever is earlier)
- Education
- MBA, Mechanical Engineering Degree
- Cadre
- 1987-batch, Karnataka
- Previous Role
- Former Finance Secretary