Kathmandu. Insurance regulator of India, Insurance Regulatory and Development Authority of India (IRDAI), has nominated some additional expert members from various fields to its Insurance Advisory Committee. In India, a permanent committee called the Insurance Advisory Committee is in existence to advise the insurance regulator on matters related to insurance promotion.
The new members include MR Kumar, former chairman of Life Insurance Corporation of India and currently non-executive chairman of state-owned Bank of India, Dinesh Kumar Khara, former chairman of State Bank of India, Visakha Mule, CEO of Aditya Birla Capital Limited, Nilesh Shah, MD of Kotak Mahindra Asset Management Company, Kotak Ellis G Vaidyan, former CMD, GIC Re and independent director on the boards of Air India and Tata AIA Life Insurance.
The Insurance Advisory Committee is a body set up by the insurance regulator, which has members representing various sectors such as commerce, industry and consumer groups, including There are a maximum of 25 members, excluding ex-officio members.
