Dept. of Financial Services

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 Arvind Kumar Joint Secretary ( Pension & Insurance) Ministry of Finance Department of Financial Services Jeevan Deep Building Parliament Street New Delhi - 110 001 Tel.No.011 -23344462/Fax. 011-23366797 Email: jsins-dfs[at]nic[dot]in
Shri Lalit Kumar Director (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