Ajay Seth takes charge as new IRDAI chairman

Business Sep 01, 2025

Ajay Seth, who earlier served as India's Finance Secretary, just stepped in as the new Chairman of the Insurance Regulatory and Development Authority of India (IRDAI).
He's taking over from Debasish Panda, with his term set for three years or until he turns 65—whichever comes first.

Seth's appointment followed a rigorous selection process

Seth's appointment wasn't random; it followed a careful selection process involving top government committees led by the Cabinet Secretary and approved by Prime Minister Modi's team.
Now at IRDAI, Seth is expected to look out for insurance policyholders and help grow the industry.
The authority's mandate includes promoting transparency and financial soundness in India's insurance sector.