The Insurance Regulatory and Development Authority of India has reconstituted its Insurance Advisory Committee, effective 12 March 2026.
The 18-strong reconstituted panel includes ex-officio members such as the heads of the Life Insurance Council and General Insurance Council executive committees, alongside leaders from actuarial, broker, and surveyor bodies.
It also includes the director of the National Insurance Academy and senior representatives from major industry groups.
New members span policy, academia, and finance, including Chandrajit Banerjee, director general, Confederation of Indian Industry; Jyoti Vij, director general, Federation of Indian Chambers of Commerce and Industry; Saurabh Sanyal, secretary general, Associated Chambers of Commerce and Industry of India; and Ajay Sahai, director general and chief executive officer, Federation of Indian Export Organisations.
The panel also includes Ashok Gulati, professor, Indian Council for Research on International Economic Relations; Charan Singh, CEO, Foundation for Economic Growth and Welfare; Suresh Goyal, director general, National Council of Applied Economic Research; Indu Bhushan, former CEO, National Health Authority; Monika Halan, financial writer, speaker, author and adjunct professor at Banasthali Vidyapeeth, Rajasthan.
Padmaja Chunduru, former managing director, National Securities Depository Limited; Partha Ray, director, National Institute of Bank Management; and Sahil Barua, managing director and CEO, Delhivery complete the list of new panel members, reflecting a broad mix of expertise across finance, economics, and technology.
The IAC advises the regulator on policy formulation, sector development, and key regulatory matters across India’s insurance industry.
The move is the latest development within IRDAI this week, following the commencement of discussions on the vision, design, and implementation roadmap for the proposed Public Insurance Registry and Bima Sugam, and the regulator’s shift to continuous registration for insurance intermediaries.
