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IRDAI has appointed Swaminathan S. Iyer as Whole Time Member (Life)
Prior to this, Iyer was the executive vice president of legal, company secretarial, regulatory affairs and ESG at Tata AIA Life.
Swaminathan has over 34 years of experience in the insurance industry, working in life insurance specifically since 2000. He has worked with HDFC Life before joining Tata AIA.
Iyer will be a part of the authority, which includes the chairman of the IRDAI, five whole-time members and four part-time members. These members oversee and create the regulations that run the insurance industry.
Swaminathan will remain a member for five years or until he reaches the age of 62.