Archive · 24 Jul 2025
Ajay Seth Appointed IRDAI Chairman by Indian Government
The government has chosen Ajay Seth to be the new boss of the Insurance Regulatory and Development Authority of India (IRDAI).
He used to work in the Finance Ministry.
The decision was made by a special group led by important government officials.
Seth will be in charge for up to three years, or until he's 65.
He's taking over a job that was empty for a few months.
IRDAI's job is to make sure insurance companies treat people fairly and to help the insurance business grow, benefiting everyone.
Ajay Seth, former Finance Secretary, appointed as IRDAI chairman.
The appointment was approved by the Appointments Committee of the Cabinet.
Seth's term is for three years or until he turns 65, whichever comes first.
The position was vacant for four months after the previous chairman's term ended.
IRDAI regulates the insurance industry to protect policyholders and promote growth.
- Who
- Ajay Seth, a former Finance Secretary, was appointed by the government.
- What
- Ajay Seth was appointed as the chairman of IRDAI.
- When
- The appointment was made recently, after a four-month vacancy.
- Where
- New Delhi, India.
- Why
- To fill the vacant position and lead the insurance regulatory body.
- Appointee
- Ajay Seth
- Previous Role
- Finance and Economic Affairs Secretary
- Appointment Body
- Appointments Committee of the Cabinet
- Term Length
- 3 years or until age 65
- Vacancy Duration
- 4 months
- IRDAI's role
- Protecting policyholders and growing insurance