IRDAI revamps key advisory committee, brings in industry and policy experts
India Today
The reconstituted panel includes several key institutional representatives. These include members from the Life Insurance Council and the General Insurance Council, along with heads of important professional bodies.
The Insurance Regulatory and Development Authority of India (IRDAI) has reshaped its key advisory panel, bringing in a mix of industry leaders, policy experts and academics. The move is aimed at strengthening how decisions are guided in India’s fast-evolving insurance sector.
In a notification issued on March 12, 2026, it was mentioned, “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 committee plays an important role in advising IRDAI on regulatory matters, sector development and policy decisions.
The reconstituted panel includes several key institutional representatives. These include members from the Life Insurance Council and the General Insurance Council, along with heads of important professional bodies.
Ex-officio members include representatives from the Institute of Actuaries of India, the Insurance Brokers’ Association of India and the Indian Institute of Insurance Surveyors and Loss Assessors. The director of the National Insurance Academy is also part of the panel.
Alongside institutional members, the committee includes a wide range of professionals from business, policy and research backgrounds.
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