The Insurance Regulatory and Development Authority of India (IRDAI) has announced the appointment of five new members to the reconstituted Insurance Advisory Committee.

The Insurance Advisory Committee is a body set up by the insurance regulator, which has members representing various sectors such as commerce, industry and consumer groups.

The new members include 

MR Kumar, former chairman of Life Insurance Corporation of India and currently non-executive chairman of state-owned Bank of India

Dinesh Kumar Khara, former chairman of State Bank of India

Visakha Mule, CEO of Aditya Birla Capital

Nilesh Shah, MD of Kotak Mahindra Asset Management Company; Kotak 

Ellis G Vaidyan, former CMD, GIC Re and independent director on the boards of Air India and Tata AIA Life Insurance