IRDAI List of Chairman/Chairperson and Whole-time Members of Authority

IRDAI has issued the following list of Chairman and Whole-time Members dated March 12, 2024.

i. List of Chairman/Chairperson and Whole-time Members of the Authority since inception; and

ii. List of Current Chairperson and Whole-time Members of the Authority as on 12.03.2024

Sl.

No.

Name of the Member

(Shri/Smt./Ms.)

Designation

From

Date of taking

charge/Appointment

Date of completion of

Tenure/Demitting office

1.

Shri N Rangachary

Chairman

Chairman, Central Board of Direct Taxes

19.04.2000

09.06.2003

2.

Shri C S Rao

Chairman

Revenue Secretary, Government of India

10.06.2003

14.05.2008

3.

Shri J Hari Narayan

Chairman

IAS (Retired)

12.06.2008

20.02.2013

4.

Shri T S Vijayan

Chairman

Ex-Chairman, Life Insurance Corporation of India

21.02.2013

20.02.2018

5.

Dr. Subhash Chandra Khuntia

Chairman

IAS (Retired)

07.05.2018

06.05.2021

6.

Shri Debasish Panda

Chairman

Former Secretary,

14.3.2022

12.03.2024

Continuing as on

12.03.2024

Department of Financial Services, Ministry of Finance, Government of India

Sl.

No.

Name of the Member

(Shri/Smt./Ms.)

Designation

From

Date of taking

charge/Appointment

Date of completion of

Tenure/Demitting office

1.

Shri Haris Ansari

Whole-time Member

General Manager, Oriental Insurance Corporation

19.04.2000

31.03.2001

2.

Shri Hari Om Sonig

Whole-time Member

Ex- Executive Director(P&GS), Life

Insurance Corporation of India

26.04.2000

31.12.2002

3.

Shri Harbhajan Singh

Whole-time Member

Retired Chairman, Allahabad Bank

28.08.2000

31.03.2002

4.

Shri S D Mohile

Whole-time Member

Retired Chairman of the

Central Board of Excise & Customs, Government of India

28.08.2000

26.02.2002

5.

Shri R C Sharma

Whole-time

Member(Non-Life)

Former General Manager, The Oriental Insurance Company Limited

01.10.2001

21.06.2003

6.

P A Balasubramanian

Whole-time Member (Actuary)

Ex-Executive Director, Life Insurance Corporation of India

15.03.2002

31.05.2005

7.

Shri T K Banerjee

Whole-time Member (Life)

Executive Director, Life Insurance Corporation of

India

18.08.2003

01.08.2005

8.

Shri Mathew Verghese

Whole-time Member (Non-Life)

Ex-Managing Director and Principal Officer,

Kenindia Assurance Company Ltd. Kenya

29.10.2003

31.08.2005

9.

Shri C R Muralidharan

Whole-time Member (Finance & Investment)

Reserve Bank of India

06.05.2005

03.11.2009

10.

Shri K K Srinivasan

Whole-time Member (Non-Life)

TAC

05.09.2005

04.09.2010

11.

Dr R Kannan

Whole-time Member (Non-Life)

Served in Reserve Bank of India and SBI Life

18.12.2006

01.06.2011

Insurance in very senior level positions

12.

Shri G Prabhakara

Whole-time Member (Life)

Ex-Zonal Manager, Life Insurance Corporation of India

15.12.2006

14.12.2011

13.

Shri Radha Krishnan Nair

Whole-time Member (Finance & Investment)

Executive Director, Securities & Exchange Board of India (SEBI)

18.03.2010

17.03.2015

14.

Shri M Ramaprasad

Whole-time Member (Non-Life)

Ex- General Manager, General insurance Corporation of India

11.10.2010

01.05.2015

15.

Shri Sudhin Roy Chowdhury

Whole-time Member (Life)

Ex- Executive Director(Marketing &

Product) in Life Insurance Corporation of India

28.03.2012

21.02.2014

16.

Shri D D Singh

Whole-time Member (Distribution)

Ex- Zonal Manager in charge of Southern

20.05.2013

04.10.2016

Zone, LIC of India, Chennai in Executive Director Cadre

17.

Ms. Pournima Gupte

Whole-time Member (Actuary)

Chief Actuary, IDBI Federal Life Insurance Co.

Ltd.

13.01.2015

12.01.2020

18.

Ms. Vijayalaxmi Rajaram Iyer

Whole-time Member (Finance& Investment)

CMD, Bank of India

15.06.2015

31.05.2017

19.

Shri Nilesh Bhaskar Sathe

Whole-time Member

(Life)

CEO, LIC Nomura Mutual Fund Asset Management Company Limited

01.07.2015

30.04.2019

20.

Shri Joseph Plappallil J

Whole-time Member (Non-Life)

Chairman-cum-Managing Director Agriculture Insurance Company of

India Limited (AICIL)

29.03.2016

13.01.2019

21.

Shri Sujay Banarji

Whole-time Member (Distribution)

Ex- General Manager and Director, OICL

01.03.2018

08.01.2020

22.

Shri Kutumbe Pravin Hari

Whole-time Member

(Finance & Investment)

Ex-Executive Director

(Investment/Monitoring & Accounting)

12.03.2018

11.03.2021

23.

Smt. T L Alamelu

Whole-time Member (Non-Life)

Former Chairman cum Managing Director, Agriculture Insurance Company

01.07.2019

06.05.2022

24.

Shri K Ganesh

Whole-time Member

(Life)

Former Executive Director, LIC of India

31.07.2019

30.07.2022

25.

Shri Rakesh Joshi

Whole-time Member

(Finance&Investment)

Former Executive Vice President and Group Head, SBI Capital Markets Limited

22.03.2022

01.12.2023

26.

Ms. S. N. Rajeswari

Whole-time Member (Distribution)

Former Chairman-cum- Managing Director of The Oriental Insurance Company Limited

04.03.2021

03.03.2024

27.

Shri Parmod Kumar Arora

Whole-time Member (Actuary)

Former Secretary

(International Operations), in LIC of India

04.01.2021

12.03.2024

Continuing as on

12.03.2024

28.

Shri Thomas M. Devasia

Whole-time Member (Non-Life)

Former Technical Expert Large Risks [Energy & Infrastructure- On-Shore & Off-Shore], Marsh Insurance Brokers India,

Kochi, Kerala

19.09.2022

12.03.2024

Continuing as on

12.03.2024

29.

Shri B C Patnaik

Whole-time Member

(Life)

Managing Director of LIC of India

01.05.2023

12.03.2024

Continuing as on

12.03.2024

30.

Shri Rajay Kumar Sinha

Whole-time Member (Finance & Investments)

Managing Director and CEO at SBI Capital Markets Limited

(Investment Banking arm of SBI) & Ex. Deputy Managing Director at SBI,

Corporate Centre, Mumbai

24.01.2024

12.03.2024

Continuing as on

12.03.2024

Source category: IRDAI

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