Finance Ministry invites applications for IRDAI Chairman post. Last date for submission of applications for the post is April 6, 2025. incumbent chief Debasish Panda’s term ends on March 13. Panda, who had served as secretary in the department of financial services under the finance ministry, took charge on March 14, 2022, for a three-year period. The government reserves the right to cancel or withdraw the selection and appointment process at any stage due to administrative exigencies, if any, without assigning any reasons therefor, the notification said. The appointment would be made by the Central Government on the recommendation of the Financial Sector Regulatory Appointment Search Committee, it said, adding that the committee is also free to identify and recommend, based on merit, any person other than those who have applied for the office. The applicant should have a minimum of two years of residual service as on the date of vacancy and the applicant’s age should not exceed 63 years on the said date, it added.