Nearly forty candidates including VK Sharma, chairman of Life Insurance Corporation, and G Srinivasan chairman of New India AssuranceBSE 0.51 % are lining up to try their luck in becoming the chairman of Insurance Regulatory and Development Authority of India.
TS Vijayan, the current chairman, will leave office on February 21, 2018. Vijayan was the first chairman from the insurance industry and was appointed by the previous government.