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IRDAI reconstitutes Insurance Advisory Committee; Sahil Barua, Monika Halan among new members The Insurance Regulatory and Development Authority of India (IRDAI) has reconstituted its Insurance Advisory Committee (IAC), appointing representatives from industry bodies, academia, financial institutions, and policy experts as members. The advisory panel will include key institutional representatives such as the chairman of the...

The Financial Stability Report 2025 of the Reserve Bank of India has some damning evidence on the Indian insurance industry. Its data shows that commissions as a proportion of costs have been rising for both life and non-life for the private insurers. When matched with the growing evidence of mis-selling in life insurance and the unwillingness of...