Nilesh Sathe

Mr. Nilesh Sathe was Member, IRDAI Hyderabad from 2015 to 2019 during which period, he headed Life Insurance Department along with Legal, IT, HR and Admin for all the four years and also headed Non-Life (General Insurance), Intermediaries, Surveyors, Health, Finance and Accounts, Inspection and Enforcement for over a year, during the period when Member (General Insurance), Member (Finance) and Member (Distribution) were not there.

Before joining IRDAI, he was CEO and Director of LIC Nomura Mutual Fund Asset Management Company for a period of three years. Before that he headed the Northern Zone of LIC of India as Zonal Manager, New Delhi as in-charge of Marketing and Administration. He held various positions in UC of India, such as Executive Director of a Marketing Channel, Chief (Pension & Group Schemes Dept.) and Sr. Divisional Manager of two prestigious Divisions of Mumbai.

He worked with Bank of India and Canara Bank for over 5 years before joining UC of India as a Direct Recruit Officer. He brings with him a rich experience of over 4 decades in the Banking, Insurance & Mutual Fund Industry.

He is a rank holder with distinction in M. Com from Nagpur University. He is also a Certified Associate of Indian Institute of Bankers.

During his tenure as Member in IRDAI, Mr. Nilesh Sathe was a member of Implementation Committee of International Association of Insurance Supervisors (IAIS) and represented India in Basel (Switzerland), Morocco, Budapest, Moscow, Singapore etc. He was also Member of Asian Insurance Forum and represented India at Manila, Bangkok, Taipei etc.

He was Advisor (Finance) to NHAI for a year up to 30th April 2021. He is Independent Director on the Board of Mahindra Manulife Mutual Fund.