Department of Financial Services: Insurance Division

What the Insurance Division Does


Insurance Division is administratively concerned with the activities of life and non-life segments of the nationalized insurance industry and Insurance Regulatory and Development Authority (IRDA). The Functions of Division are:

  • Policy formulation and administration of the following Acts of Parliament:-
    • Insurance Act, 1938
    • Life Insurance Corporation Act, 1956
    • General Insurance Business (Nationalization) Act, 1972
    • IRDA Act, 1999
    • Actuaries Act, 2006

  • Constant review and monitoring of the performance of the National Insurance Companies.
  • Framing of rules and regulations in respect of service conditions of employees of Public sector Insurance Companies.
  • Appointment of Chief Executives and Directors on the Board of Public sector Insurance Companies and on the IRDA.
  • Implementation of government sponsored insurance scheme like Universal Health insurance scheme, Aam Aadmi Bima Yojana, Varisht Pension Yojana Etc.

The detailed distribution of work between Insurance-I and Insurance-II Sections is at Annexure.

Contact Persons

Shri Anup Wadhawan
Joint Secretary(BA & P&I) Ministry of Finance
Department of Financial Services
Jeevan Deep Building
Parliament Street
New Delhi - 110 001
Tel. No. 011-24462349/Fax. 011-23367702
Email: jsba-dfs[at]nic[dot]in
Sh. N. Srinivas Rao, Director
Director(Pension Reforms, Insurance-II) & Appellate Authority under RTI Act,2005
Ministry of Finance
Department of Financial Services
Jeevan Deep Building
Parliament Street
New Delhi - 110001
Tel.No. 011 -23365808/Fax. 011 - 23344605
Email: dirinsurance-dfs[at]nic[dot]in
Ms. Priya Kumar
Director (Insurance-I)& Appellate Authority under RTI Act,2005
Ministry of Finance
Department of Financial Services
Jeevan Deep Building
Parliament Street
New Delhi - 110001
Tel.No. 011 -23748778/Fax. 011 - 23344605
Email: priya.kumar[at]nic[dot]in
Shri Arun Kumar Misra
Under Secretary (II) & CPIO
Ministry of Finance
Department of Financial Services
Jeevan Deep Building,
Parliament Street,
New Delhi 110 001
Tel. No. 23748789/Fax. 011-23344605
Email: usins2-dfs[at]nic[dot]in
Shri S.K.Mohanty
Under Secretary (I) & CPIO
Ministry of Finance
Department of Financial Services
Jeevan Deep Building,
Parliament Street,
New Delhi 110 001
Tel. No.011 - 23748788
Email: usins1-dfs[at]nic[dot]in