IRDAI Reconstitutes Insurance Advisory Committee

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  • Last Updated on 20 March, 2026

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IRDAI Insurance Advisory Committee

Notification no. F. No. IRDAI/IAC/1/215/2026; Dated: 12.03.2026

The Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted its Insurance Advisory Committee (IAC) by appointing 18 new members representing key segments of the insurance and financial ecosystem.

1. Composition of the Reconstituted Committee

The newly constituted IAC includes representatives from:

  • Life Insurance Council – Chairman of the Executive Committee
  • National Insurance Academy – Director
  • Institute of Actuaries of India – President
  • Insurance Brokers’ Association of India – Industry representative
  • Indian Institute of Insurance Surveyors & Loss Assessors – Industry representative
  • Confederation of Indian Industry (CII) – Representation through Shri Chandrajit Banerjee, Director General

2. Role of the Insurance Advisory Committee

The IAC plays a key advisory role by:

  • Providing recommendations on policy matters related to insurance regulation
  • Assisting IRDAI in framing regulatory frameworks and industry standards
  • Offering industry insights and stakeholder perspectives

3. Objective of the Reconstitution

The reconstitution aims to:

  • Strengthen institutional representation across the insurance ecosystem
  • Incorporate diverse expertise from academia, industry, and professional bodies
  • Enhance policy formulation and regulatory effectiveness

This move reflects IRDAI’s effort to ensure that its advisory mechanism remains broad-based, representative, and aligned with evolving industry dynamics.

Click Here To Read The Full Notification

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Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied