New India Assurance Appoints Lavanya R Mundayur as CMD

The New India Assurance Company Ltd has announced the appointment of Ms. Lavanya R Mundayur as its Chairman cum Managing Director (CMD). The appointment, approved by the Ministry of Finance, is effective from September 30, 2026, and will continue until her superannuation on May 31, 2029, or until further orders. Ms. Mundayur previously served as the CMD of Agriculture Insurance Company of India Ltd and has extensive experience in the insurance sector. She also has a notable career at New India Assurance, including leading its GCC operations as the first female CEO. Mr. S Sivasankar ceases to hold the additional charge of CMD.