In 2006, Vijayan was appointed LIC chairman, the youngest ever. During his initial tenure, LIC saw its market share diminishing, as private companies stepped Omega Rose Gold Constellation
Later, the case was shifted to the Central Vigilance Commission, which recommended a CBI probe into the allegations. However, no evidence was found against him.
chairman of LIC expired, he was denied an extension on the ground an internal panel of the finance ministry had unearthed procedural lapses in investments by LIC.
However, in 2008, the public sector insurer fought back and regained its lost glory.
It a comeback any professional would dream of.
This is probably the first time a financial sector professional would head the Omega Speedmaster Brown Leather Strap
After his five year term as Omega Seamaster 300 No Date
Born in 1953, Vijayan holds a special graduate degree from KeralaUniversity, as well as a diploma in management. His career in LIC started as a direct recruit officer in 1977.
Vijayan, 60, who succeeds J Hari Narayan who completed his term yesterday, would get a five year Rolex Datejust term. The Irda chief tenure is for five years or till the age of 65.
An Irda statement said Vijayan had taken charge with immediate effect.
into the sector.
Among the important posts he held in that organisation were managing director, executive director (information technology and business process re engineering) and director and chief executive of LIC HFL Care Homes.
LIC chief takes charge as Irda head
regulatory body of the same sector.
Earlier, Vijayan was under the scanner of the Central Bureau of Investigation (CBI) for about two years. However, he was exonerated after the agency didn find any wrongdoing.
Before being appointed chairman, Vijayan was managing director, in charge of marketing. During this period, LIC collected record premiums and sold a record number of policies.
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