T S Vijayan, chairman of the Insurance Regulatory and Development Authority of India (Irdai) has completed three years as head of the regulatory body. In these years, the sector has seen significant growth in premiums and in the regulations around investments, distribution, products and foreign direct investment. New players have come in and the overall base has grown; however, penetration and density have seen a downward trail. Here is a snapshot of the sector under Vijayan and hits & misses under his tenure: (Click here for details)