Lavanya R. Mundayur has taken charge as Chairman-cum-Managing Director of New India Assurance Company, effective 30 September 2026.
The government’s appointment brings a new leader to the country’s largest public-sector general insurer. Mundayur’s experience spans the insurance sector and public-sector insurance institutions.
Her tenure is expected to be important as the industry responds to evolving customer expectations, technology-led distribution, claims experience, risk management and the need to widen insurance access. For New India Assurance, the leadership transition offers an opportunity to reinforce operational efficiency and customer service while navigating a changing general insurance landscape. The appointment is reported to run until 31 May 2029, or until further orders.
Source: ETBFSI.
