IRDAI Recruitment 2024 How to Apply for Whole-Time Member (Life) Position

IRDAI Recruitment 2024: The 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 by Offline only by downloading the application form from the IRDAI official Notification (see official pdf below).

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

Overview Details for IRDAI Recruitment 2024

Here’s a simple table summarizing the overview details for the Whole-Time Member (Life) position at the IRDAI:

Vacancy Details for IRDAI Recruitment 2024

The 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 Whole-Time Member (Life) position, candidates must meet the following criteria:

1. Qualifications:
   • Candidates should have knowledge or experience in life insurance, general insurance, actuarial science, finance, economics, law, accountancy, or administration. This knowledge should be beneficial to the IRDAI.
2. Experience:
   • Candidates must have at least 25 years of relevant work experience, including at least 3 years in a senior-level position. This could be at a level equivalent to Chief General Manager in the Reserve Bank of India or similar roles in other regulatory bodies, financial institutions, or insurance companies.
3. Citizenship:
   • Applicants must be citizens of India.
4. Age Limit:
   • Candidates should not exceed 60 years of age on the expected date of vacancy, which is November 16, 2024.

Salary and Benefits:-

The selected candidate will receive a consolidated salary of ₹4,00,000 per month. This position does not come with housing or car allowances. Other terms of service will follow the rules set by the IRDAI.

Selection Process for IRDAI Recruitment 2024

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

For more details regarding candidates’ selection norms and other details, please go through the official website or officially released advertisement (See Link/ PDF given below).

How to Apply for IRDAI Recruitment 2024

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

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

For detailed instructions on how to apply Offline, please go through the officially released advertisement (See the below-given link/ PDF file for more details).

Important Notes:

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

Important Dates

Date of Publication of Notification: 08.10.2024
Last Date for Application Submission: November 14, 2024

Important Links for IRDAI Recruitment 2024

The above-given information is in brief. Before applying Offline please go through the officially released Advertisement.

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

Biswajit Pal Content Writer

As a content writer, I specialize in creating valuable and meaningful content for websites. My primary role involves writing articles and blogs that provide useful information for aspirants preparing for government jobs. With more than 1.5 years of work experience in this field, I am dedicated to delivering content that is both informative and engaging, helping readers to stay informed and well-prepared for their career aspirations.

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