New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of SN Rajeswari as Chairman & Managing Director (CMD) of Oriental Insurance Company Limited (OICL) on July 30. According to an order from the Department of Personnel & Training (DoPT), Rajeswari has been appointed to the post with effect from the date of notification of her appointment till the date of her superannuation ie. May 31, 2022, or until further orders, whichever is earlier. Currently, she is serving as General Manager and Chief Financial Officer (CFO) at the New India Assurance Company Limited (NIACL). Oriental Insurance had been without a full-time chairman for two months and general managers Dinesh Waghela, Director Atul Jerath were jointly entrusted with the additional charge of the post of CMD under a government notification.
Rajeswari is a Commerce (B Com) graduate from Madurai Kamraj University, Madurai. She also holds a Master of Business Administration (MBA) in Finance from Bharathiar University. She is a member of the Institute of Chartered Accountants of India (ICAI). She had joined United India Insurance in 1983 as a direct recruit officer and was subsequently transferred to New India Assurance where she was a chief financial officer.
The Oriental Insurance Company (OICL)
The Oriental Insurance Company Limited is a public sector general insurance company of India. The headquarter of the company is located in New Delhi. It has 31 regional offices and more than 1,800 active branches across the country. The company also has branches in Nepal, Kuwait, and Dubai. The company has recorded a gross premium of Rs 7,282.54 crore in the financial year 2013-2014. For the Financial year 2016-17, the company procured a global premium of Rs 11,100 crore. The company offers more than 170 general insurance products.
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