The Insurance Regulatory and Development Authority of India (IRDAI) has officially announced the addition of five new members to the restructured Insurance Advisory Committee. These appointments are made in accordance with Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (Insurance Advisory Committee) Regulations, 2000. The new members come with a rich background in banking, insurance, and finance. Their roles will commence from the date they are published in the official gazette.
The new members bring extensive experience from the banking, insurance, and financial sectors. The appointments will be effective from the date of publication in the official gazette.
New Members Appointed
- MR Kumar – Former LIC Chairman, now Non-Executive Chairman of Bank of India.
- Dinesh Kumar Khara – Former Chairman of State Bank of India (SBI).
- Visakha Mule – CEO of Aditya Birla Capital.
- Nilesh Shah – MD of Kotak Mahindra Asset Management Company.
- Kotak Ellis G Vaidyan – Former CMD of GIC Re, currently Independent Director at Air India and Tata AIA Life Insurance.
