S Sivasankar Appointed Chairman & Managing Director of New India Assurance

S Sivasankar, Executive Director of The New India Assurance Company Limited, has been assigned the additional charge of Chairman and Managing Director (CMD) of New India Assurance Company Limited with effect from August 1, 2026. Sivasankar will hold the additional charge for an initial period of three months, or until a regular CMD is appointed or until further orders, whichever is earliest.

Sivasankar joined National Insurance Company (NICL) as a Direct Recruit (Generalist) officer in 1991. He has 33 years of experience in various capacities in NICL, having worked in BO, DO, RO and HO. He worked as Accounts in-charge of Divisional Office for around 8 years and thereafter served as head of Branch & Divisional Offices for 16 years. He also handled Corporate and large claims under all Lines of Business in a Corporate Regional Office for a period of 3 years before being promoted as Chief Manager. He has served at Head Office of NICL in various capacities as Chief Manager, DGM and GM looking after different lines of insurance business. On February 20, 2026 he was appointed on the Board of The New India Assurance as an Executive Director. He is a graduate of Commerce. On the professional side, he is a Fellow of Insurance Institute of India [FIII] and holds an Associate diploma in Marine Insurance from Insurance Institute of India.