Reforms & Rollouts Await New Irdai Chief

A slew of pending reforms and delayed initiatives, including the much-touted Bima Sugam, await Ajay Seth as he takes charge as chairman of the Insurance Regulatory and Development Authority of India (Irdai) after a four-month vacancy.

- NARAYANAN V

The government on Thursday appointed the former Department of Economic Affairs secretary to lead Irdai for a three-year term.

The post had been vacant since Debasish Panda demitted office in March 2025. Seth inherits several unfinished reforms initiated by his predecessor. Among Seth's top priorities will be the rollout of Bima Trinity, Panda's flagship initiative, which has faced repeated delays. The project aims to build an Amazon-like digital platform for insurance sales, servicing, and claims settlement.