Insurance Regulatory and Development Authority comes under the administrative control of Government of India. The authority is actually a national agency based in Hyderabad, India. The authority actually came into existence under IRDA Act 1999 of Indian Parliament. The authority was started off with the aim of protecting the insterests of policy holders and also to ensure the growth of the insurance industry. The ruling power of the Securities and Exchange Board of India was given to IRDA. As a result of this transfer of ruling power, the Unit Linked Insurance Plans is now governed by IRDA.

Job Profile:

Insurance Regulatory and Development Authority is looking forward to recruit eligible and qualified Indian Nationals on the vacant position of Deputy Director. The post of Deputy Director is available in the disciplines of General and Actuarial. Insurance Regulatory and Development Authority has organized this special recruitment drive for reserved categories candidates only.

Eligibility:

Candidates are required to possess age less than the prescribed maximum age limit i.e. 45 years. Candidates having age more than 45 years will be considered uneligible for the specified post of Deputy Director in Insurance Regulatory and Development Authority. All interested candidates are required to strictly follow this age criteria for being eligible for the specified post.

Educational Qualification:

Deputy Director (General): Candidates must have done Graduation with Fellow of Insurance Institute of India, mumbai or equivalent. Also, atleast 12 years of experience in the Insurance sector is also required to be possessed by the candidates.

Deputy Director (Actuarial): Candidates must have done Graduation from a recognized intitute or university. Candidates are also required to have worked as Associate of Institute or Actuaries of India or equivalent. Also, atleast 12 years of experience in the actuarial issues is also required to be possessed by the candidates.

No. of posts: Total 11 posts are available.

Deputy Director (General): Only 8 posts are available.
Deputy Director (Actuarial): Only 3 posts are available.

Pay Scale:

Deputy Director (General): Consolidated salary of Rs. 39850-53950 per month.
Deputy Director (Actuarial): Consolidated salary of Rs. 39850-53950 per month.

Selection Process:

Selection Process for the above specified position of Deputy Director includes two competitive stages i. Written Examination and ii. Personal Interview Test. Candidates are required to qualify in both the stages of the selection process for securing their selection in Insurance Regulatory and Development Authority. The final decision on the selection of best suitable candidates will be made by a screening committee constituted by the Authority.

How to apply: Candidates are required to send the completely filled in application form with correct details in the prescribed format only. The application form must be accompanied by the copies of other required certificates. The envelope in which candidates are sending all these enclosures, must be superscribed as “APPLICATION FOR THE POST OF DEPUTY DIRECTOR & ASSISTANT DIRECTOR”. The envelops hould reach to the following address:

The Executive Director (Administration),
Insurance Regulatory and Development Authority,
3rd floor, Parisrama Bhavanam,
Basher Bagh, Hyderabad – 500004.

Contact Details:

Insurance Regulatory and Development Authority,
3rd floor, Parisrama Bhavanam,
Basher Bagh, Hyderabad – 500004.

Last date to apply: 7 November 2011

For more information visit http://irda.gov.in