IRDAI has issued an Order bearing reference no: IRDAI/PP&GR/ORD/CMT/67/4/2024 dated April 10, 2024, reconstituting the Advisory Committee comprising of the following members:
S. No.
Particulars
Designation
1
Ms. Shalini Prasad, former Special Secretary, NITI Aayog, Government of India
Chairperson
2
Mr. Rakesh Joshi, former Whole Time Director, IRDAI
Member
3
Mr. Kuldip Singh, former Insurance Ombudsman & former Director, New India Assurance Co. Ltd
Member
4
Ms. Pushpa Girimaji, Consumer Rights Advocate
Member
5
Director, Ministry of Consumer Affairs, Government of India
Member
6
Head of the Department, Policyholders’ Protection and Grievance Redressal Department, IRDAI
Convener
to review the performance of the Insurance Ombudsman and other matters related with an intent to enhance the efficiency of the Institution of Insurance Ombudsmen.
Tenure: The tenure of the committee will be Two (2) years
Meetings: The Advisory Committee is to meet at least twice a year and submit the report to IRDAI on an annual basis for review and further action
Quorum: Three (3) members
Fees and other expenses : Chairperson and Members eligible for sitting fees, travel, boarding and lodging expenses
Relevant Governing Law
Rule 19 of Insurance Ombudsman Rules, 2017-
Advisory Committee .(1) An Advisory Committee consisting of eminent persons not exceeding five and including one Central Government nominee shall be constituted by the 1 [Authority] to review the performance of the Insurance Ombudsman from time to time.
(2) The 1 [Authority] shall decide the time, venue and quorum of the meeting of the Advisory Committee.
(3) The Advisory Committee shall submit its report to the 1 [Authority] for review and further action as deemed necessary.
Source category: IRDAI
Attachments
- /2024/384_Reconstitution_of_Insurance_Ombudsman_Advisory_Committee.pdf
Comments are closed