Interview of Shri S. N. Satpathy, Secretary General, Insurance Institute of India

"III works with practically all the public and private sector insurers and reinsurers as well as all the intermediaries to build internal academic and professional competencies for them. We do this both within and outside the country."

- 

About Mr. Satpathy
Shri S N Satpathy had joined Insurance Institute of India as Secretary General on 19th September 2022 on deputation from Life Insurance Corporation of India. Prior to the current assignment, he was Additional Director of LIC Management Development Centre (MDC), Mumbai, the apex training centre for middle to senior level executives of LIC.

He has 33 years of service experience in LIC, the major and only PSU life insurer of the country, having joined LIC as 17th batch Direct Recruit officer in September 1989. During this more than three decades experience in Life Insurance Corporation, he had successfully handled life insurance marketing and operations spread over 6 states falling under 7 Divisions and 4 Zones of LIC of India, both at operational level of Branches, Divisions and Zones. He has the experience of conventional marketing of life insurance, marketing through alternative channels of distribution including Bancassurance and Direct Marketing. He was also in-charge of Pension & Group business operation in Mumbai.

He had effectively performed as National Relationship Manager to promote the Bancassurance business through three PSU Bank partners, headquartered at Mumbai and Pune.

He is a Post Graduate in Agriculture Science, having Fellow of Insurance Institute of India (FIII) and specialized diploma in Health Insurance.

Q. IRDAI has been very proactive under its new Chairman and it has taken the pledge of Insurance for all by 2047. In its backdrop, how do you foresee growth of Insurance Sector in coming years.