Former government employees are not permitted to take up positions post retirement for a period of two years, without the approval of the finance ministry. | |
| This is because there could be a conflict of interest if the new position is in the same line of business. |
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| Mathur's appointment on Munich Re's local board will help give inputs and guidance at a time when the global reinsurer is focusing on supporting the entire life insurance industry in the country, stated representatives from Munich Re. |
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| Seen as an ambassador to the Indian insurance industry, Mathur is one of the five directors on Munich Re's life board. Munich Re is the world's largest reinsurance. |
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| Mathur has been appointed as administrator UTI-I. In addition, Mathur also holds board membership in Grasim, EID Parry and will shortly become one of the board directors on ITC. |
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| Mathur's appointment to the board of Munich Re would not raise any issues of conflicts since Munich Re is currently not a reinsurer for LIC. |
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