Home India Insurance Regulatory And Development Authority In exercise of the powers conferred by sub section 1 of Sect...
Date: 18-Mar-2025 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub section 1 of Section 25 of the Insurance Regulatory and Development Authority Act

Issued by Insurance Regulatory And Development Authority · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This notification announces the appointment of new members to the Insurance Advisory Committee (IAC) by the Insurance Regulatory and Development Authority of India (IRDAI).
  • The appointments are made in accordance with Section 25(1) of the Insurance Regulatory and Development Authority Act, 1999 and Regulation 3A of the IRDAI (Insurance Advisory Committee) Regulations, 2000.
  • The notification is effective from the date of its publication in the official gazette.

Key Changes

  • The following individuals have been appointed as members of the reconstituted Insurance Advisory Committee:
  • Shri M. R. Kumar
  • Shri Dinesh Kumar Khara
  • Ms. Vishakha Mulye
  • Shri Nilesh Shah
  • Ms. Alice Geevarghese Vaidyan

Impact Analysis

Impact on Stakeholders

  • Insurance Advisory Committee: The new members will contribute to the committee's deliberations and recommendations.

Suggested Action Items

  • Monitor the committee's activities and assess the impact of its recommendations on the insurance sector.

Key Entities Referenced

Insurance Regulatory and Development Authority of India (IRDAI): The regulatory body responsible for overseeing and developing the insurance industry in India. Insurance Advisory Committee (IAC): A committee established by IRDAI to provide advice and recommendations on matters related to the insurance sector. Insurance Regulatory and Development Authority Act, 1999: The Act that established IRDAI and defines its powers and functions. IRDAI (Insurance Advisory Committee) Regulations, 2000: Regulations governing the composition, functions, and procedures of the Insurance Advisory Committee. Section 25(1) of the Insurance Regulatory and Development Authority Act, 1999: Specifies the powers conferred to IRDAI for the operations of the Insurance Advisory Committee. Regulation 3A of the IRDAI (Insurance Advisory Committee) Regulations, 2000: Relates to the appointment of members to the Insurance Advisory Committee.
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रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-टी.एल.-अ.-18032025-261690 xxxGIDHxxx CG-TL-E-18032025-261690 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 173] नई कदल्ली, मगं लिार, माच च18, 2025/फाल्ग नु 27, 1946 No. 173] NEW DELHI, TUESDAY, MARCH 18, 2025/PHALGUNA 27, 1946 भारतीय बीमा जिजनयामक और जिकास प्राजधकरण अजधसचू ना हदै राबाद, 13 माचच, 2025 बीमा सलाहकार सजमजत म ेंररजियों को भरना फा.स.ं भा.बी.जि.जि.प्रा./बी.स.स./ 7/214/2025.—बीमा जिजनयामक और जिकास प्राजधकरण अजधजनयम, 1999 (1999 का 41) के अनुच्छेद 25 के उप-धारा (1) द्वारा प्रदत्त िजियों और बीमा जिजनयामक और जिकास प्राजधकरण (बीमा सलाहकार सजमजत) जिजनयम, 2000, के जिजनयमों 3 अ के अंतगचत प्रदत्त िजियों का प्रयोग करते हुए प्राजधकरण, बीमा सलाहकार सजमजत में ररजियों को भरने के जलए जनम्नजलजखत अजधसूचना जारी करता है, जो राजपत्र में इनके प्रकािन की जतजथ से प्रिृत्त होंगे। पुनगचरित बीमा सलाहकार सजमजत के सदस्ट्य के रूप में जनम्नजलजखत को जनयुि ककया गया ह:ै- 1. श्री एम. आर. कुमार 2. श्री कदनेि कुमार खारा 3. सुश्री जििाखा मल्ु य े 4. श्री. नीलेि िाह 5. सुश्री एजलस गीिगीस िैद्यन [जिज्ञापन-III/4/असा./1033/2024-25] दबे ािीष पण्डा, अध्यक्ष 1790 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 13th March, 2025 FILLING OF VACANCIES IN THE INSURANCE ADVISORY COMMITTEE F. No. IRDAI/IAC/7/214/2025.—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 for filling of vacancies in 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. Shri. M. R. Kumar 2. Shri. Dinesh Kumar Khara 3. Ms. Vishakha Mulye 4. Shri.Nilesh Shah 5. Ms. Alice Geevarghese Vaidyan [ADVT.-III/4/Exty./1033/2024-25] DEBASISH PANDA, Chairperson Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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