Persons eligible to be appointed as Insurance Ombudsmen :

Only the following persons shall be eligible to be appointed as Insurance Ombudsmen:

(a) Persons who served in the capacity of Chairman or Managing Director in Public Sector Insurance Companies

(b) Persons who have served the Indian Administrative Service or the Indian Revenue Service

(c) Persons who are retired Judges of the Supreme Court or the High Courts

An Ombudsman shall be appointed by the Governing body from a panel prepared by a Committee comprising of:

(a) Chairman, IRDA

(b) Two representatives of Insurance council including one each from Life Insurance business and from General Insurance respectively

(c) One representative of Central Government