New Delhi, Sep 14 (PTI) The government has appointed a senior executive from the private sector as member (non-life) in the Insurance Regulatory and Development Authority of India (IRDAI).

This is departure from the set tradition of hiring people from public sector insurance companies as member.

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Thomas M Devasia is currently technical expert at Marsh Insurance Brokers India working in Kochi, Kerala, according to a government notification.

The Central Government has appointed Devasia as member (non-life) in the IRDAI on a consolidated pay package of Rs 4 lakh with effect from the date of assumption of charge of the post till attaining the age of 62 years until further order, whichever is earlier, it said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)