New India Assurance announces Lavanya Mundayur as CMD of AICIL – CNBC TV18

The New India Assurance Company Limited announced on Thursday that Ms. Lavanya Mundayur has been promoted to Chairman and Managing Director (CMD) of the Agriculture Insurance Company of India Ltd.

Prior to her elevation, Ms. Mundayur served as the General Manager (GM) at The New India Assurance Company Limited.

In a regulatory filing under SEBI Regulation 30 of the (Listing and Disclosure Requirements) Regulations, 2015, the company stated, “Ms. Lavanya Mundayur, General Manager of The New India Assurance Company Ltd., ceased to hold the position of General Manager effective from the close of office hours on December 19, 2024, following her elevation to the role of CMD of Agriculture Insurance Company of India Ltd.”

Ms. Mundayur’s appointment is effective from the date she assumes the role, with a pay scale of ₹2,05,400–2,24,400 per month. She will serve as CMD until her retirement on May 31, 2029, or until further notice, whichever occurs earlier, the company added.