Business » Industry

Updated: February 22, 2013 00:03 IST

Vijayan takes over as IRDA chief

Comment (3)   ·   print   ·   T  T  
T. S. Vijayan
T. S. Vijayan

Former LIC chief T. S. Vijayan, on Thursday, took over as the Chairman of the Insurance Regulatory and Development Authority (IRDA).

Mr. Vijayan succeeds J. Hari Narayan who completed his five-year term on Wednesday. IRDA chairperson’s tenure is for five years or till the age of 65 years.

Mr. Vijayan assumes office at a time when industry is facing a slowdown. He faces the task of taking insurance to rural markets. Simplification of insurance products will be another challenge for him.

More In: Industry | Business

Appointment of Mr. TS Vijayan as Inssurance Regulator is the most
pleasant and positive news. He happens to be the best chairman that
LIC of India has ever seen in 66 years of her life, only after late
Mr. T. R. Pai and Mr. J. R. Joshi. Mr. Vijayan has already proved
himself to be very brilliant, suave, innovative and humble leader.
There is no doubt that Mr. Vijayan's appointment is the most
appropriate one, by this other wise lackadaisical government. The
insurance industry and fraternity is going to benefit under his
stewardship as the Chief of the IRDA.

from:  Vasant S Deshmne
Posted on: Feb 22, 2013 at 12:02 IST

This is a landmark decision of the government for this is the first time
an insurance man becomes the regulatory chief of that industry. Forty
years back, it may be recalled that Indira Gandhi selected an insurance
man to be the chief of the banking regulator. Hope soon enough, a
commercial banker will adorn the post of the banking regulator.

from:  s subramanyan
Posted on: Feb 22, 2013 at 10:14 IST

Having a thorough insight about the sector, i can say this for sure, the IRDA has let
indians down , insurance premium valued at 800 rs few years ago, now costs 4000
rs. Poor governance and turning a blind eye for health insurance claims by
scrupulous and hospitals has let to collapse of the health insurance in our country.

from:  satyanarayna
Posted on: Feb 22, 2013 at 04:55 IST
This article is closed for comments.
Please Email the Editor

Commodity prices

Take a look at the prices of various commodities in Chennai here»





Recent Article in Industry

‘Our aim is to enter the shopping list of car buyers’

The passenger vehicle (PV) business of Tata Motors is well-poised for a resurrection, backed by product offensive strategy, network ex... »