NIACL Executive Director Smita Srivastava to Retire on December 31

Ms. Smita Srivastava, Executive Director of New India Assurance Company Limited (NIACL), is set to retire on December 31, 2025. Her retirement will mark the conclusion of a significant tenure at one of India’s leading public sector general insurance companies.

Leadership exits at PSU insurers often trigger internal reshuffles and succession planning. NIACL has been navigating market competition and regulatory changes in recent years. Executive Directors play a crucial role in underwriting strategy and claims management. The retirement may open opportunities for senior-level promotions within the organization.