The Finance Ministry has invited applications for the post of Chairperson at the Insurance Regulatory and Development Authority of India (IRDAI), as the position will be vacant from March 14, 2025. The deadline for submissions is April 6, according to a notification from the Department of Financial Services. The selected candidate will serve a three-year term, with the role based in Hyderabad, where IRDAI is headquartered.

In March 2022, Debasish Panda was appointed as the Chairman of the Insurance Regulatory and Development Authority of India (IRDAI), after serving as the Secretary, Department of Financial Services, Ministry of Finance.

The consolidated pay and allowances for the new chairperson have been set at Rs 5.62 lakh per month without the facility of house and car.