Insurance Regulatory and Development Authority of India (IRDAI) has got a new chairperson. The government has assigned this responsibility to Ajay Seth, former Secretary, Department of Economic Affairs (DEA). CNBC-TV18 has come to know about this from sources. Seth will hold this position for 3 years. The post of Chairperson in IRDAI was vacant from March 14, 2025 since the resignation of Debashish Panda. The last time the post was vacant for 10 months after Subhash Chandra Khuntia left.
In March 2022, Debashish Panda became the chairperson. The recruitment process for IRDAI chairperson was started in March 2025 and the last date to submit the application was 6 April.