Subhash Chandra Khuntia Appointed New IRDAI Chairman

Subhash Chandra Khuntia, a 1981-batch Indian Administrative Services (IAS) officer who was a former Karnataka Chief Secretary, has been appointed as Chairman of Insurance Regulatory and Development Authority of India (IRDAI).

The Appointments Committee of the Cabinet (ACC) has approved Khuntia’s appointment for a period of three years. The post was vacant for more than two months after TS Vijayan’s tenure came to an end.
Source- The Moneycontrol

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • The head office of IRDAI is in Hyderabad.
  • In 1999, IRDA was constituted as an autonomous body to regulate and develop the insurance industry.