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MF industry leader Nilesh Shah, MD & CEO, Kotak Mahindra AMC has been appointed on the advisory committee of IRDAI.
Another industry veteran, Dinesh Kumar Khara, Ex-Chairman, SBI is also the newly appointed member of the insurance advisory committee (IAC).
Overall, IRDAI has added five new members to its Insurance Advisory Committee. This committee helps IRDAI suggest measures to grow insurance penetration in India among other things.
The other three members are:
- Alice Geevarghese Vaidyan, Former Chairman and MD, GIC
- MR Kumar, Former Chairman, LIC
- Vishakha Mulye, CEO, Aditya Birla Capital
The committee also includes senior officials from major banks, insurance councils and industry bodies.