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Insurance Regulatory and Development Authority of India, IRDAI

Last Date - 29-10-2018
City / State - New Delhi , Delhi,

The Government of India proposes to fill two posts of Whole-Time-Members in the Insurance Regulatory and Development Authority of India (IRDAI) located at Hyderabad in the areas of Life and Non-Life. IRDAI is a statutory regulatory body established under the Insurance Regulatory and Development Authority Act, 1999.

Post Name Whole-Time-Members
No. of Vacancy 02
Pay Rs.4.00 lakh pm
Educational Qualification

Eligibility : 
i) Whole-Time Member in the area of Life Insurance:
(a) Applicants must be persons of ability, integrity and standing who have knowledge or experience in the area of Life Insurance.
(b) The applicants should preferably have at least 25 years experience in the area of Life Insurance with a minimum of 3 years experience at a senior level not below the rank of an Executive Director in a Public Sector Life Insurance Company or its equivalent in other companies.
(c) The applicant should have a minimum 2 years of residual service with reference to the post of Whole-Time-Member in Insurance Regulatory and Development Authority of India as on the last day for receipt of applications, i.e. age should not exceed 60 years on that day.
(d)  Should be a citizen of India.

ii) Whole-Time Member in the area of Non Life Insurance:
(a) Applicants must be persons of ability, integrity and standing who have knowledge or experience in the area of Non-Life Insurance
(b) The applicants should preferably have at least 25 years experience in the area of Non-Life with a minimum of 3 years experience at a senior level not below the rank of General Manager of Public Sector Non-Life Insurance Company or its equivalent in other compnaies.
(c) The applicant should have a minimum 2 years of residual service with reference to the post of Whole-Time Member in Insurance Regulatory and Development Authority of India as on the last day for receipt of applications, i.e. age should not exceed 60 years on that day.
(d)  Should be a citizen of India.

Elaborating further, applicants should preferably have at least 25 years of work experience in the relevant area, leading to a senior executive or management position in the organization concerned. Government servants should preferably have worked at least at the level of Additional Secretary to the Government of India or its equivalent level in State Governments.  Public Sector officials should preferably have worked at least at one level immediately below the Board level. Applicants from the Regulatory Sector should preferably have worked at least as Executive Director in the regulatory body. Private Sector applicants should preferably have worked at the level of functional head. Academics should preferably have worked at least as Professor in the Department or the faculty concerned. Other professionals should preferably have experience and credentials in their respective professional field which are broadly equivalent to what has been mentioned above. Applicants should have a proven track record of leadership and authority in decision making.


How to Apply : Application in the enclosed format clearly demonstrating eligibility against each requirement, along with brief bio-data and one passport size photograph, should be sent in closed cover super scribed with the words “Application for the post of Whole-time Member (life) or Whole-time Member (Non-Life), IRDAI” (as the case may be) to reach the address given below by 5.30 P.M. on 29th October 2018.

Shri  Mritunjay Singh Under Secretary to the Government of India 2nd Floor, Jeevan Deep Building Parliament Street, New Delhi - 110001 FAX: 011 - 23344605
 

* Please refer to the official Website or Employment Notice

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