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Lavanya Mundayur Appointed CMD of New India Assurance
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CNBC TV18•30-09-2026, 18:56
Lavanya Mundayur Appointed CMD of New India Assurance
- •The Central Government has approved Lavanya R Mundayur as the new Chairman-cum-Managing Director (CMD) of New India Assurance Company (NIACL).
- •Mundayur previously served as CMD of Agriculture Insurance Company of India (AICIL).
- •The appointment was conveyed through an order dated September 30, 2026, from the Department of Financial Services under the Ministry of Finance.
- •Her tenure at NIACL will begin upon assuming charge and continue until her superannuation on May 31, 2029, or until further orders.
- •Mundayur will receive a pay scale of ₹2,05,400–₹2,24,400 in her new role.
Key Questions Answered
The Central Government approved the appointment of Lavanya R Mundayur, formerly the chairman-cum-managing director of the Agriculture Insurance Company of India, as the new CMD of New India Assurance Company.
Her appointment will continue until her superannuation on May 31, 2029, or until further orders, which allows her to serve for over two years and eight months depending on when she assumes charge.
The appointment order was issued by the Department of Financial Services under the Ministry of Finance via an order dated September 30, 2026.
