IRDAI Recruitment 2024 for Full Time Member (Life) Post

irdai recruitment 2024: Insurance Regulatory and Development Authority of India (IRDAI) is recruiting for 01 post of Whole Time Member (Life) in Hyderabad. Candidates for this role require a strong background in life insurance, finance or a related field, preferably with at least 25 years of relevant experience, including three years in a senior position. Eligible and interested candidates can apply offline only by downloading the application form from IRDAI official notification (see official PDF below).

Applicants must be Indian citizens and must submit their applications by November 16, 2024, along with detailed resume and references. The required educational qualifications and other details are given below for informational purposes to assist job seekers.

Overview Details for IRDAI Recruitment 2024

Here is a simple table summarizing the overview details for Whole Time Member (Life) post in IRDAI:

Vacancy Details for IRDAI Recruitment 2024

Insurance Regulatory and Development Authority of India (IRDAI) invites applications (offline mode only) from the below mentioned posts. Vacancy details are given in the box below.

eligibility criteria

To apply for the post of Whole-time Member (Life), candidates must satisfy the following criteria:

1. Ability,
   • Candidates must have knowledge or experience in life insurance, general insurance, actuarial science, finance, economics, law, accounting, or administration. This knowledge should be beneficial for IRDAI.
2. Experience,
   • Candidates must have at least 25 years of relevant work experience, including at least 3 years Senior level position. This may be at the level equivalent to Chief General Manager in the Reserve Bank of India or in similar roles in other regulatory bodies, financial institutions or insurance companies.
3. Citizenship,
   • The applicant must be a citizen of India.
4. age limit,
   • Candidates should not exceed 60 years of age on the expected date of vacancy, which is 16 November 2024,

salary and benefits,

Selected candidates will receive consolidated salary ₹4,00,000 per month. This post does not come with accommodation or car allowance. Other terms of service will follow the rules prescribed by IRDAI.

Selection Process for DRT Recruitment 2024

The selection process for the post of Whole Time Member (Life) in IRDAI involves several stages. First, applications will be reviewed to ensure that candidates meet the eligibility criteria. Then, qualified candidates may be called for interview.

For more details regarding selection criteria and other details of the candidates, please visit the official website or officially released advertisement (see link/PDF given below).

How to Apply for IRDAI Recruitment 2024

To apply for Whole Time Member (Life) post, candidates need to follow these steps:

1. prepare application form,
   • Fill the application form in the prescribed format. Attach your curriculum vitae (CV), a passport size photograph and the contact details of three referees.
2. send application,
   • The application should be sent in a sealed envelope superscribed “Application for Whole-time Member (Life) of the Insurance Regulatory and Development Authority of India”. send it to:
     Abdul Gufran
     Under Secretary to the Government of India
     Ministry of Finance
     Financial Services Department
     Room No. 10, Jeevan Deep Building,
     2nd Floor, Sansad Marg,
     New Delhi-110001
3. Last date of application: All applications must be submitted 14 November 2024,

Please see the officially released advertisement for detailed instructions on how to apply offline (see link/PDF file below for more details).

important notes,

• IRDAI will not be responsible for any delay or non-receipt of application.
• The appointment will be made on the basis of the recommendation of the Financial Sector Regulatory Appointment Search Committee. This committee can also recommend those candidates who are not among those who applied.
• The Government reserves the right to cancel or withdraw the recruitment process at any stage without assigning any reason.

important dates

Date of Notification Publication: 08.10.2024
Last date for submission of application: November 14, 2024

Important Links for IRDAI Recruitment 2024

The above information is in brief. Please read the officially released advertisement carefully before applying offline.

IRDAI , Official Website Link
IRDAI , Official Notification Link

FAQs about IRDAI Recruitment 2024

1. What is the focus of IRDAI Recruitment 2024?
   The focus of IRDAI Recruitment 2024 is to fill the position of Full-Time Member (Life) to support the insurance sector in India.
2. How many vacancies are available?
   There is one vacancy for the post of Whole Time Member (Life).
3. What is the last date to apply?
   The last date for submission of applications is November 14, 2024.
4. What qualifications are required to apply?
   Candidates are required to have significant work experience as well as knowledge or experience in areas related to life insurance, finance or similar areas.
5. What is the salary for Whole Time Member (Life) post?
   The salary for this post is ₹4,00,000 per month.
6. Where should I send my application?
   Applications should be sent to Abdul Gufran in the Ministry of Finance, Department of Financial Services, New Delhi.