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Core Purpose

The Insurance Regulatory and Development Authority of India issues this notification to reconstitute the Insurance Advisory Committee, effective from the date of its publication in the official gazette.

Detailed Summary

The Insurance Regulatory and Development Authority of India (IRDAI), vide Notification F. No. IRDAI/IAC/1/215/2026 issued from Hyderabad on March 12, 2026, has reconstituted the Insurance Advisory Committee. This action is taken in exercise of powers conferred by sub-section (1) of Section 25 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), and in terms of Regulation 3A of the Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000. The reconstitution will be effective from the date of publication in the official gazette. The notification appoints eighteen members to the reconstituted committee, including the Chairmen of the Executive Committees of the Life Insurance Council and General Insurance Council, Presidents of the Institute of Actuaries of India, Insurance Brokers' Association of India, and Indian Institute of Insurance Surveyors & Loss Assessors, the Director of the National Insurance Academy, and other distinguished individuals from various organizations such as the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), Associated Chambers of Commerce and Industry of India (ASSOCHAM), Federation of Indian Export Organisations (FIEO), Indian Council for Research on International Economic Relations (ICRIER), Foundation for Economic growth and Welfare (EGROW Foundation), National Council of Applied Economic Research (NCAER), National Health Authority (NHA), National Securities Depository Limited (NSDL), and National Institute of Bank Management (NIBM). The notification is signed by Ajay Seth, Chairperson.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-TL-E-13032026-270931 EXTRAORDINARY PART IIIβ€”Section 4 PUBLISHED BY AUTHORITY No. 181] NEW DELHI, FRIDAY, MARCH 13, 2026/PHALGUNA 22, 1947 1831 GI/2026 INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 12th March, 2026 RECONSTITUION OF INSURANCE ADVISORY COMMITTEE F. No. IRDAI/IAC/1/215/2026.β€” In exercise of the powers conferred by sub-section (1) of Section 25 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), and in terms of Regulation 3A of the Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000, the Authority hereby makes the following notification reconstituting the Insurance Advisory Committee which will be effective from the date of publication in the official gazette. The following are appointed as the members of the reconstituted Insurance Advisory Committee: 1. Chairman of Executive Committee of Life Insurance Council 2. Chairman of Executive Committee of General Insurance Council 3. President, Institute of Actuaries of India 4. President, Insurance Brokers' Association of India 5. President, Indian Institute of Insurance Surveyors & Loss Assessors 6. Director, National Insurance Academy 7. Shri.Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) 8. Ms. Jyoti Vij, Director General, Federation of Indian Chambers of Commerce and Industry (FICCI) 9. Shri.Saurabh Sanyal, Secretary General, Associated Chambers of Commerce and Industry of India (ASSOCHAM) 10. Dr. Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations (FIEO) 11. Dr. Ashok Gulati, Professor, Indian Council for Research on International Economic Relations (ICRIER) 12. Dr. Charan Singh, CEO, Foundation for Economic growth and Welfare (EGROW Foundation) 13. Shri.Suresh Goyal, Director General, National Council of Applied Economic Research (NCAER) 14. Shri.Indu Bhushan, Former CEO, National Health Authority (NHA) 15. Ms. Monika Halan, Financial Writer, Speaker, Author and Adjunct Professor at Banasthali Vidyapeeth, Rajasthan 16. Ms. Padmaja Chunduru, Former MD, National Securities Depository Limited (NSDL) 17. Prof. Partha Ray, Director, National Institute of Bank Management (NIBM) 18. Shri.Sahil Barua, MD & CEO, Delhivery AJAY SETH, Chairperson [ADVT.-III/4/Exty./757/2025-26]

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