Date: 2026-03-13Category: Extra OrdinaryState: Union GovernmentCountry: India
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
**Executive Summary**
This document details the reconstitution of the Insurance Advisory Committee by the Insurance Regulatory and Development Authority of India. The notification, published on March 13, 2026, outlines the newly appointed members and is effective from the date of publication.
**Key Points / Main Content**
* **Reconstitution of Insurance Advisory Committee:** The Insurance Regulatory and Development Authority of India has reconstituted the Insurance Advisory Committee.
* **Legal Basis:** This reconstitution is in exercise of powers conferred by sub-section (1) of Section 25 of the Insurance Regulatory and Development Authority Act, 1999, and Regulation 3A of the Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000.
* **Effective Date:** The reconstitution is effective from the date of its publication in the official gazette.
* **Appointed Members:** A list of eighteen individuals has been appointed as members to the reconstituted committee, representing various councils, institutes, associations, and prominent figures from industry, academia, and finance.
**Impact Analysis**
**Insurance Regulatory and Development Authority of India (IRDAI)**
* **Impact:** The IRDAI is exercising its statutory powers to reconstitute the committee, aiming to enhance its advisory capabilities.
* **Action Required:** To publish this notification in the official gazette to bring the reconstitution into effect.
**Appointed Members of the Insurance Advisory Committee**
* **Impact:** These individuals will now serve on the reconstituted committee, contributing their expertise to advise the IRDAI.
* **Action Required:** To actively participate in the committee's proceedings and fulfill their advisory roles.
**Insurance Industry Stakeholders (Insurers, Brokers, Surveyors, etc.)**
* **Impact:** The reconstituted committee may lead to new recommendations or policies affecting the insurance sector.
* **Action Required:** To stay informed about the committee's deliberations and potential policy changes.
**Public**
* **Impact:** The actions and recommendations of the committee, influenced by its diverse membership, could ultimately impact insurance products, services, and consumer protection.
* **Action Required:** To be aware of the regulatory body and its advisory mechanisms.
Key Entities Referenced
Insurance Regulatory and Development Authority Act, 1999: The foundational law under which the Insurance Advisory Committee is reconstituted.
Insurance Regulatory and Development Authority (Insurance Advisory Committee) Regulations, 2000: Specific regulations that govern the Insurance Advisory Committee and its reconstitution.
Insurance Regulatory and Development Authority: The regulatory body issuing the notification and responsible for the committee's functioning.
Insurance Advisory Committee: The committee whose reconstitution is the subject of the notification.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-टी.एल.-अ.-13032026-270931
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CG-TL-E-13032026-270931
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 181] िई कदल्ली, िुक्रिार , मार् च13, 2026/फाल्ग िु 22, 1947 ष 22, 1947
No. 181] NEW DELHI, FRIDAY, MARCH 13, 2026/PHALGUNA 22, 1947 s 1947
भारतीय बीमा जिजियामक और जिकास प्राजधकरण
अधिसचू ना
हदै राबाद, 12 मार्,च 2026
बीमा सलाहकार सजमजत का पिु गठच ि
फा.स.ं भा.बी.जि.जि.प्रा./बी.स. स. /1/215/2026.— बीमा जिजियामक और जिकास प्राजधकरण अजधजियम,
1999 (1999 का 41) के अिुच्छेद 25 के उप-धारा (1) द्वारा प्रदत्त िजियों और बीमा जिजियामक और जिकास
प्राजधकरण (बीमा सलाहकार सजमजत) जिजियम, 2000, के जिजियम 3 ए के अंतगचत प्रदत्त िजियों का प्रयोग करत े हुए
प्राजधकरण, जिम्नजलजखत अजधसूर्िा द्वारा बीमा सलाहकार सजमजत का पुिगचठि करता ह,ै िो रािपत्र म ें इिके प्रकािि की
जतजि से प्रिृत्त होंगे।
पुिगचठठत बीमा सलाहकार सजमजत के सदस्ट्य के रूप म ेंजिम्नजलजखत को जियुि ककया गया ह:ै-
1. िीिि बीमा पठरषद की कायचकारी सजमजत के अध्यक्ष
2. साधारण बीमा पठरषद की कायकच ारी सजमजत के अध्यक्ष
3. अध्यक्ष, भारतीय बीमांकक संस्ट्िाि
4. अध्यक्ष, भारतीय बीमा दलाल संघ
5. अध्यक्ष, भारतीय बीमा सिेक्षक और हाजि जिधाचरक संस्ट्िाि
6. जिदेिक, राष्ट्रीय बीमा अकादमी
1831 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
7. श्री र्ंद्रिीत बििी, महाजिदेिक, भारतीय उद्योग पठरसघं (सीआईआई)
8. सुश्री ज्योजत जिि, महाजिदेिक, फेडरेिि ऑफ इंजडयि र्ैंबसच ऑफ कॉमसच एंड इंडस्ट्री (एफआईसीसीआई)
9. श्री सौरभ सान्याल, महासजर्ि, एसोजसएटेड र्ैंबसच ऑफ कॉमसच एंड इंडस्ट्री ऑफ इंजडया (एसोर्ैम)
10. डॉ. अिय सहाय, महाजिदेिक एिं मुख्य कायचकारी अजधकारी, फेडरेिि ऑफ इंजडयि एक्सपोटच ऑगेिाइिेिन्स
(एफआईईओ)
11. डॉ. अिोक गलु ाटी, प्रोफेसर, इंजडयि काउंजसल फॉर ठरसर्च ऑि इंटरिेििल ईकॉिजमक ठरलिे ि
(आईसीआरआईईआर)
12. डॉ. र्रण ससंह, मख्ु य कायचकारी अजधकारी, फाउंडेिि फॉर ईकॉिजमक ग्रोि एंड िेलफेयर (ईिीआरओडब्लल्यू
फाउंडेिि)
13. श्री सुरेि गोयल, महाजिदेिक, िेििल काउंजसल ऑफ अप्लाइड इकोिॉजमक ठरसर्च (एिसीएईआर)
14. श्री इन्द ुभूषण, पूिच मुख्य कायचकारी अजधकारी, राष्ट्रीय स्ट्िास्ट््य प्राजधकरण (एिएर्ए)
15. सुश्री मोजिका हालि, जित्तीय लेजखका, ििा, रर्िाकार और एडिंक्ट प्रोफेसर ििस्ट्िली जिद्यापीठ, रािस्ट्िाि
16. सुश्री पद्मिा र्डुं ुरु, पूि च प्रबंध जिदेिक, राष्ट्रीय प्रजतभूजत जडपॉजिटरी जलजमटेड (एिएसडीएल)
17. प्रो. पाि चरे, जिदेिक, ििे िल इंस्ट्टीट्यूट ऑफ बैंक मिै ेिमेंट (एिआईबीएम)
18. श्री साजहल बरुआ, प्रबंध जिदेिक एिं मुख्य कायचकारी अजधकारी, डेल्हीिेरी
अिय सेठ, अध्यक्ष
[जिज्ञापि-III/4/असा./757/2025-26]
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.— 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)[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
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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and Published by the Controller of Publications, Delhi-110054.