INSURANCE REGULATORYAND DEVELOPMENT AUTHORITY
Section 7: Salary and allowances of Chairperson and members.
(1) The salary and allowances payable to, and other terms and conditions of service of, the members other than part-time members shall be such as may be prescribed.
(2) The part-time members shall receive such allowances as may be prescribed.
(3) The salary, allowances and other conditions of service of a member shall not be varied to his disadvantage after appointment.