IRDA: Girish Chandra likely to succeed J Harinarayan

Secretary in the ministry of petroleum and natural gas Mr. Girish Chandra Chaturvedi is seen as a frontrunner to succeed Insurance Regulatory and Development Authority (IRDA) chairman Mr. J. Harinarayan; whose term ends on end-February next year.

By the last date for submitting applications, the ministry is understood to have received over two dozen of applications for the post. The names of the applicants are not yet disclosed.

A civil servant is most likely to be appointed as new IRDA chief as the government is willing to specify ‘secretary or equivalent’ as desirable qualification. The government is also in the process of selecting two second-rung positions in IRDA. First is a member-actuary and the second member-distribution. In addition to member IRDA, the government will interview candidates for two managing director positions in Life Insurance Corporation of India.

The interview for the positions will take place in the fourth week of November.