Skip to main content

IRDAI Actuary R Kannan benefited Life Insurance Companies Illegally in his tenure!

MUMBAI:The Insurance Regulatory and development Authority actuary R Kannan Joined IRDA in 2006. Before joining IRDA he was working as SBI Life actuary . Due to this many irregularities found in SBI life policies. Allahabad high court also made strict comment against SBI life . 
Our team pointed many more irregularities cleared during R Kannan tenure for ICICI Prudential life insurance.
He did not took objection on surrender charges before 3 years in ULIP policies issued till 2010. In IRDA plan approval copy these charges(forclosure Charges) are also available, but as per IRDA guidelines there is no such parameter of surrender charge for non payment of premium till 3 years  . Companies deduct forclousere or surrender charge if customer not made compulsary payment till 3 years. Later IRDAI introduce payment discontious rule and customer got relief from surrender charges.
Due to IRDA actuary R Kannan many companies made profit of billions . Sample of ICICI Prudential life policy Life Time Super and other are enclosed.


"Dr. R. Kannan joined as Member (Actuary) on 18 th December, 2006. Earlier, he was Principal Advisor in the Reserve Bank of India and also the Head of the Department of Economic Analysis and Policy. During the period April 2001 - March 2006, he worked as the Appointed Actuary of the SBI Life Insurance Company. During 1994-98, he served as Advisor in the office of India’s Executive Director of the International Monetary Fund, Washington; and during 1992-94, he was Advisor to Governor, Bank of Mauritius, Mauritius. 

Dr. Kannan is a double post-graduate - M.Sc. in Econometrics from Madurai University and M.A. in Economics from the same university. He did his Ph.D. from Bombay University; and during 1987-88, he worked as a post-doctoral fellow in the University of Pennsylvania, USA under the Nobel Laureate Prof. Lawrence Klein.

Dr. Kannan has written about 40 Research Papers and served in 10 working groups related to various aspects of money, finance, insurance and pension. More recently, he was the Chairman of the Experts Committee constituted by the Government of India to draw the road map for moving towards Exempt-Exempt-Tax method of taxation of saving instruments in India.

He is a member of the “Solvency Committee” of the International Actuarial Association and also a member of “Financial Risks Committee” of the International Actuarial Association. He is the Chairman of the working group constituted by the Actuarial Society of India to draw the road map for moving towards Risk Based Capital for insurance industry in India.

Dr. Kannan’s personal interests include keenly listening to Classical (Carnatic) music."

Popular posts from this blog

FDA Maharashtra Directory Contact Moblie Number

Food and Drug Administration Directory  DOWNLOAD JUNE 2021 CONTACT LIST PLZ CLICK ADVERTISEMENT TO SUPPORT THIS WEBSITE FOR REVENUE FROM ADVERTISEMENT Field Office Circle Head (Assit Commissioner Address of Field Office Inspector AHMEDNAGAR A.T. RATHOD (7045757882) 19C, Siddhivinayak Colony,,Near Auxillium School, Savedi,,Ahmednagar - 414003 J.H.SHAIKH (9158424524) AKOLA H. Y. METKAR (9730155370) Civil Line, Akashwani Road, ,Akola ,AKOLA H. Y. METKAR (9730155370) AMARAVATI U.B.GHAROTE (9595829895) Office of the Joint Commissioner,Jawade Compound, Near Bus Stand,Amrawati-444 601 C. K. DANGE (9422844477) AURANGABAD S. S. KALE (9987236658) Office of the Joint Commissioner,,2nd floor, Nath Super Market, Aurangpura,Aurangabad R. M. BAJAJ (9422496941) AURANGABAD Zone 2

Mahatma Gandhi Adopted Feroze Khan For Indira Marriage & Gave "Gandhi" Surname

Mahatma Gandhi Given His Surname To Indra as "Gandhi" Nehru-Khan-Gandhi Dynasty : Jawaharlal Nehru was the first prime minister of modern India, and he ruled the country from 1947 to 1964.  He was born on 14th November 1889, to Motilal and Swarup Rani Nehru.  The family belonged to a Kashmiri Brahmin tribe called ‘ Pandit.’   Indira Gandhi, daughter of Jawaharlal Nehru, became prime minister of India in 1966. Mrs. Gandhi was born on November 19, 1917 to Jawaharlal and Kamala Nehru.  She was named Indira Priyadarshini Nehru. She fell in love and decided to marry Feroze Khan, a family friend. Feroze Khan’s father, Nawab Khan, was a Muslim, and mother was a Persian Muslim.  Jawaharlal Nehru did not approve of the inter-caste marriage for political reasons (see society/indiragandhi.cfm ).  If Indira Nehru were to marry a Muslim she would loose the possibility of becoming the heir to the future Nehru dynasty.  At this juncture, a

RTE & School Quota Of Kalyan Dombivli KDMC Region Thane

 Kalyan Dombivali Municipal Region School Quota and RTE 25% quota details received from RTI reply from KDMC Education department. Almost in all the schools free education seats for income below Rs1lac is vacant .The vacant seats are illegally filled by private school in open category by private schools by taking donations. KDMC education didnot taken any action. Total approved strength of class is 4 times of RTE quota. If RTE 25% quota is 25 then approved students limit is 100 students. Means 75 students from general and 25 from RTE 25% quota. In all the schools students are more than from approved strength and RTE 25% seats are vacant. It means RTE seats are filled by general students. As per RTE Act 2009 poor quota seats ie RTE25% cannot be filled by general quota in any condition and at any class. Helpline 9702859636  RTE Admission