Rajesh Aggarwal, a joint secretary in the Ministry of Finance, has taken over the charge of acting Chairman and Managing Director (CMD) of the National Insurance Company (NIC).
Aggarwal's appointment is the fourth since February 2014 after the then CMD Chandraprasad retired from service.
He took the additional charge from P J Joseph, CMD of Agriculture Insurance Corporation, a week ago, industry sources said today.
After Prasad's retirement, NIC Director and General Manager A V Girija Kumar served as the acting Chief for a year.
However, he was later transferred to Chennai-based United India Insurance as General Manager.
The UPA government had conducted the interview to select a CMD for the company and shortlisted the candidate too but the NDA government is yet to finalise the name, according to sources.
