INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA
3rd floor,
ParishramBhavan, Basheerbagh, Hyderabad - 500 004
www.irdai.gov.in
Ref:
HR/Recruitment/Sept. 2017 27-09-2017
(LAST DATE FOR ON-LINE
SUBMISSION OF APPLICATIONS: 20-10-2017 by 5.30 p.m.)
Recruitment
Notification for various posts in IRDAI
1. Insurance
Regulatory and Development Authority of India (IRDAI) is a statutory body
formed under an Act of the Parliament.
2. IRDAI
invites applications through on-line mode from eligible Indian citizens with
experience of working with Insurers, etc. for filling up the posts in the
Grades of Manager, Assistant General Manager, Deputy General Manager and
General Manager through open competition on all India basis for its various
offices as per details of posts, number of vacancies, upper age limit,
eligibility criteria, experience, etc. given in Table - 1 below:
Table
- 1
|
S.No
|
Details (eligibility to be fulfilled as
on the last date for submission of on-line applications, i.e 20.10.2017)
|
Manager
in Grade B
|
Assistant General Manager
in Grade C
|
Deputy General Manager
in Grade D
|
General Manager
in Grade E
|
|
1
|
SCALE OF PAY
|
35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400
(16 years)
|
49000-1750(3)-54250-1900(2)-58050-2000(4)-66050-EB-2000(2)70050-2150(1)-72200
(13 years)
|
68500-2150(2)-72800-2250(6)-86300
(9 years)
|
72800-2250(1)-75050-2400(2)-79850-2500(3)-87350-3000(5)-102350
(12 years)
|
|
Monthly
gross emoluments at starting of scale (excluding perks/qualification
allowance) approx.
|
Rs. 1,10,132/-
|
Rs. 1,43,530/-
|
Rs. 1,89,152/-
|
Rs. 2,17,794/-
|
|
2
|
SKILL
STREAM
|
Actuarial
|
NO.
OF VACANCIES
|
|
5
|
|
1
|
|
F
& A /
Investments
|
4
|
4
|
1
|
|
|
Life
|
|
|
1
|
1
|
|
Non-Life
|
6
|
|
1
|
|
|
IT
|
2
|
|
2
|
|
|
Legal
|
|
1
|
|
|
|
TOTAL
NO. OF VACANCIES
|
12
|
10
|
5
|
2
|
|
3
|
RESERVATION
OF VACANCIES
|
GEN/UR - 10;
OBC - 2
|
GEN/UR - 7; SC - 1;
OBC - 2
|
GEN/UR - 4;
OBC - 1
|
GEN/UR - 2
|
|
4
|
AGE
LIMIT
|
Maximum
age not to exceed
|
45
|
50
|
55
|
55
|
|
4a
|
AGE
RELAXATION
|
Refer to Table - 2 given below
|
|
|
|
|
|
|
|
|
|
|
S.No
|
Details (eligibility to be fulfilled as
on the last date for submission of on-line applications, i.e 20.10.2017)
|
Manager in Grade B
|
Assistant General Manager
in Grade C
|
Deputy General Manager
in Grade D
|
General Manager
in Grade E
|
|
5
|
QUALIFICA-TIONS
|
Essential
|
Graduation
-60% [or B.Tech (IT/CS) - 60% for IT skill stream]
|
Graduation
|
Graduation
|
Graduation
|
|
Professional
|
F&A/Invts:ACA/AICWA/ACS/CMA/CFA
|
Actuarial: Pass in
at least 12 papers of IAI,
F&A/Invts:
ACA/AICWA/ACS/
CMA/CFA
Legal: LL.B
|
F&A/Invts:
ACA/AICWA/ACS/CMA/CFA
|
Actuarial: Fellow of
the Institute of Actuaries of India (IAI) with 5 years post
qualification experience
|
|
Desirable
|
|
IT: B. Tech
(IT/CS) or MCA or Masters in IT (IT/CS)
|
|
|
Fellow of Insurance Institute of India and
Knowledge of Computer Operations
|
|
6
|
EXPERIENCE
with
Insurers, etc.
(Compulsory)
|
Minimum
years of working experience
|
10
|
15
|
20
|
25
|
|
Service
in the present scale / position
|
PSU
Insurers
-
5
years in Scale II or higher; Other Insurers/
Financial sector regulators –
5
years years in one grade/scale of pay below the advertised post.
|
PSU
Insurers–
5
years in Scale III or higher; Other Insurers/ Financial
sector regulators -
5
years in one grade/scale of pay below the advertised post.
|
PSU
Insurers
-
5
years in Scale IV or higher; Other
Insurers/ Financial sector regulators –
5
years in one grade/scale of pay below the advertised post.
|
PSU
Insurers-
5 years in Scale V or higher, Other
Insurers/ Financial sector regulators –
5
years in one grade/scale of pay below the advertised post.
|
|
IRDAI’s
decision in determining service in equivalent grade/scale of pay will be
final
|
|
Specific
working experience in a department / area of work
|
F&A/Investments- 3 years
working experience in Finance/A/cs/Investment Depts./ area of work with
Insurers
Non
Life - 3 years
working experience with General Insurers
IT - 3 years
working experience in IT Dept./ area of work with Insurers/ Financial
sector regulators
|
Actuarial
–
5
years working experience in Actuarial Dept./ area of work with Insurers
F&A/Investments - 5 years
working experience in Finance/A/cs/Investment Depts./ area of work with
Insurers
Legal - 5 years
working experience in Legal Dept./ area of work with Insurers/ Financial
sector regulators
|
F&A/Investments
-
5 years working experience in Finance/A/cs/Investment Depts./ area of work
with Insurers
Life - 5 years
working experience with Life Insurers
Non
Life -
5 years working experience in Reinsurance / General Insurance with General
Insurers/Reinsurer
IT
-
5 years working experience in IT Dept./ area of work with Insurers/ Financial
sector regulators
|
Actuarial - 5 years
working experience in Actuarial Dept./ area of work with Insurers
Life - 5 years
working experience with Life
Insurers.
|
|
|
Staff
candidates, i.e., employees of IRDAI: 5 completed years of
service in one grade / scale of pay below the advertised post as on the last
date for submission of on-line application.
|
|
|
|
Written
Exam (WE)
|
✔ *
|
✔ *
|
✔ *
|
-
|
|
7
|
SELECTION
PROCESS
|
Interview
|
✔
|
✔
|
✔
|
✔
|
|
|
|
* please refer to
paragraph 4 below
|
|
|
|
|
|
|
|
|
|
|
The
vacancies under skill streams are earmarked to be filled up
by candidates with professional qualifications and experience in the relevant
areas of work as detailed with horizontal reservation, i.e., the posts shall be
filled across categories specified. After selection, they may be posted in the
concerned department or in other department/Office in IRDAI.
2.1 The
candidate must hold a degree of any of the Universities incorporated by an Act
of the Central or State Legislature in India or other educational institutions
established by an Act of Parliament or declared to be deemed as a University
Under Section 3 of the University Grants Commission Act, 1956, or possess an
equivalent qualification from a foreign university recognized by the
Association of Indian Universities.
2.2 Eligibility
under age/qualifications/experience will be reckoned as on the last date for
submission of on-line applications, i.e., 20.10.2017.
2.3 Candidates
belonging to OBC category but coming in the 'Creamy Layer' (vide DOPT No.
36033/1/2013-Estt. (Res.) dated 13th September 2017) and/or if their
caste does not find a place in the Central List are not entitled to OBC
reservation. Such candidates should indicate their category as 'General/UR
(GEN/UR)’.
2.4
For Staff candidates, i.e. IRDAI employees, except age relaxation as mentioned
below, there will be no other relaxation in qualification standards/experience
criteria.
3. Relaxation
in the Upper Age Limit: Upper age limit for the above posts will
be relaxed as under:
Table
- 2
|
Sr. No
|
Category
|
Relaxation in Age
|
|
(i)
|
Scheduled Caste (SC)
|
5 years
|
|
(ii)
|
Other Backward Classes (OBC)
|
3 years
|
|
(iii)
|
Ex-serviceman
and Commissioned Officers including Emergency Commissioned Officers and
Short Service Commissioned Officers who have rendered at least five years
Military Service as on 20th October, 2017 and have been released on
completion of assignment (including those whose assignment is due to be
completed within one year from 20th October, 2017) otherwise than by way of
dismissal or discharge on account of misconduct or inefficiency or physical
disability attributable to Military Service or on invalidment.
|
5 years
|
|
(iv)
|
Ordinarily domiciled in the State of
Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989
|
5 years
|
|
(v)
|
Staff candidates,
i.e. Employees of IRDAI
|
To the extent of number of
years of such service in IRDAI, subject to a maximum of three years.
|
3.1 Cumulative age relaxation will not be
available either under the above categories or in combination with any other
category.
4. Selection process: Selection
will be through a competitive Written Examination (WE) and/or Interview. The
decision to conduct WE will depend on the number of applications received for
each post/s in each grade and vacancy/ies in each skill stream indicated in Sl.
No. 2 of Table - 1. Final selection will be on the basis of
candidate's performance in WE and/or Interview in order of merit.
4.1. Candidates belonging to
SC/OBC categories may, to the extent the number of vacancy/ies reserved for the
category which cannot be filled on the basis of general standard, be considered
with a relaxed standard to make up the deficiency in the reserved quota,
subject to the fitness of these candidates for selection to the post/service
irrespective of their ranks in the order of merit at WE and/or interview.
5.
Service conditions/career prospects
5.1
Pay
scale: Selected candidates will draw a starting basic pay in the scale
of pay applicable to the post/grade as given in the table and other allowances
like Dearness Allowance, House Rent Allowance, Local Compensatory Allowance,
Grade Allowance, etc., as admissible from time to time. The following
qualification allowances, in addition to the above, are applicable to
candidates selected for posts with the following professional qualifications.
|
Qualification
|
Completion level
|
Qualification
allowance per month
|
|
Actuarial
|
12 papers/Fellow of
IAI
|
Rs.40,000/-/Rs.80,000/-
|
|
Accounts
|
ACA/AICWA/ACS
|
Rs.3,500/-
|
5.2
Perquisites: Reimbursement of expenses is allowed for telephone
expenses, brief case, book grant, allowance for furnishing of residence,
medical expenses including annual health checkup, Group medical insurance, etc.
as per eligibility. Leave Travel Concession (once in two years for self, spouse
and eligible dependents) and loans and advances at concessional rates of
interest for Housing, Car, Education, Consumer Articles, etc. are also allowed
as per eligibility conditions. Selected candidates will be covered under NPS.
5.3
Seniority: Candidates selected under the skill streams will be placed in the
Common Seniority list prepared grade-wise and the seniority among these
Officers will be fixed according to the ranking obtained by selected
candidates.
5.4
On selection, the candidates will be placed on probation for a period of
one year subject to any extension of such probation; the total period of
probation shall be maximum of two years from the date of joining the service.
5.5 There are
reasonable prospects for promotion to higher grades.
5.6
The posting of the selected candidates can be in any of the Offices of
IRDAI and they are liable to be transferred from one Department/Office to
another during any time in their career.
6. How to apply:
6.1 Candidates should submit their applications through
on-line mode by accessing the following link: https://www.irdai.gov.in/registration_page.aspx. The
line will be available from 27.09.2017 to 20.10.2017 till 5.30 p.m. Candidates
are required to take a printout of the filled in on-line application and send a
signed copy thereof along with self-attested copies of certificates/documents
in support of age, qualifications and category in a sealed envelope superscribed
with “COPY OF ON-LINE APPLICATION FOR THE POST OF
------------------------------- IN GRADE ------ AND SKILL STREAM
------------------” and addressed to (to reach by 27.10.2017):
The
Executive Director (Gen),
Insurance
Regulatory and Development Authority of India
3rd
Floor, Parishrama Bhavan, Bashirbagh, Hyderabad – 500004.
6.2
Candidates should submit only one application for any one post/grade under any
one skill stream.
6.3
Candidates are required to undertake that they have informed in writing to
their Employer/Head of Office/Department that they had applied for the post in
IRDAI. Candidates should note that in case a communication is received from
their employer by IRDAI withholding permission to the candidates applying
for/appearing at the WE and/or interview, their application will be liable to
be rejected/candidature will be liable to be cancelled.
7. Other guidelines
(i)
Candidates should indicate the percentage of marks obtained
in Graduation/HSC/SSC/Equivalent examination calculated to the nearest two
decimals. Where CGPA/OGPA is awarded, the same should be converted into
percentage. If called for Interview, the candidate will have to produce a
certificate issued by the appropriate authority, inter alia, stating that the
norms of the University regarding conversion of grade into percentage and the
percentage of marks scored by the candidate in terms of norms.
(ii)
Candidates are advised to satisfy themselves before they apply and that they
fulfil all requirements and if found ineligible, their candidature will be
cancelled at any stage of recruitment. Appearing in the WE and/or Interview
will not automatically confer any right of being selected for the said
post/grade.
(iii)
The on-line applications will be considered on the strength of the information
declared by the candidate. If at any stage, it is found that any information
furnished is false / incorrect or if according to IRDAI, the candidate does not
satisfy the eligibility criteria, his / her candidature / appointment is liable
to be cancelled / terminated.
(iv)
Please note that all the particulars mentioned in the application including
Name of the Candidate, Category, Date of Birth, Address, Mobile Number, Email
ID, etc. will be considered as final. Hence, candidates are advised to fill in
the on-line application with utmost care as no correspondence regarding change
of details will be entertained. IRDAI will not be responsible for any
consequences arising out of furnishing of incorrect and incomplete details in
the on-line application or omission to provide the required details therein.
(v)
Any information submitted by an applicant in his / her on-line application
shall be binding on the candidate personally and he/she shall be liable for
prosecution / civil consequences in case the information/ details furnished by
him/ her are found to be false at a later stage.
(vi)
Applications which are incomplete in any respect such as not filling in details
of age, qualifications, experience, etc., non submission of printed copy of the
on-line application along with self-attested copies of all
certificates/documents, etc. will not be considered.
(vii)
IRDAI does not assume any responsibility for the candidates not being able to
submit their on-line applications within the last date on account of or for any
other reason beyond the control of IRDAI.
8. Special instructions
for SC/OBC/Ex-Servicemen candidates
8.1
Caste certificate submitted by candidate seeking reservation as SC/OBC in
the prescribed proforma from the Competent Authority should clearly indicate
the candidate’s caste, the Act/Order under which the caste is recognised as
SC/OBC and the village/town the candidate is originally a resident of.
8.2
Caste certificate, in original, from the competent authorities of the
state/union territory from which the caste certificate was issued along with
self-attested photostat copy is to be submitted at the time of Interview. The
OBC certificate containing the non-creamy layer clause should have been issued
on or after 1-04-2017.
8.3
Please refer to the Employment Section of IRDAI website www.irdai.gov.in
for the prescribed formats of SC, OBC and Ex-servicemen certificates to be
submitted at the time of Interview, etc. Candidates belonging to these categories
are required to produce the certificates strictly in these formats.
8.4
Reservation rules applicable as on the date of finalisation of results would be
applied to the selection process.
9. List of documents to
be produced at the time of Interview
The following documents, in
original and self-attested photocopies, in support of the candidate's
eligibility and identity are to be invariably submitted at the time of
Interview, failing which the candidate may not be permitted to appear for
Interview.
9.1
Interview Call Letter, proof of Date of
Birth (Birth Certificate issued by the Competent Municipal Authorities or SSLC/
Std. X Certificate with DOB mentioned therein), Original and photocopy of Photo
Identify Proof, Caste Certificate issued by the Competent Authority in the
prescribed format, candidates belonging to Ex-servicemen category should submit
the original certificate issued by competent authority in the prescribed format
and any other relevant document in support of eligibility.
9.2 Candidates
serving with Insurers/financial sector regulators are required to produce a No
Objection Certificate and certificate/document in support of fulfilling the
experience criteria from their employer at the time of Interview.
10
List
of additional documents to be produced by the candidates short-listed for
appointment (as applicable)
10.1 Medical
Examination: Candidates will have to undergo a Pre-Recruitment Medical
Examination
and only, if found medically fit, will be offered
appointment.
10.2 Relief
letter/Discharge letter: Candidates have to get relieved properly and
unconditionally from the present employer and submit a relief letter /
discharge letter thereof.
10.3 IRDAI will not take over any of
liability/liabilities relating to present employment including the amount paid
in discharge of service bond the candidate may have executed at the time of
joining such employment. The terminal benefits, if any, accrued to the
candidate from present employment are not transferable to the IRDAI.
11.
General Rules/ Instructions
11.1
Candidates called for Interview will be reimbursed to and fro II AC train fare
or economy Airfare from their place of work/residence to the venue of WE and/or
Interview on submission of tickets/boarding pass.
11.2
In all matters regarding eligibility, conduct of WE, interview, assessment,
prescribing minimum qualifying standards in WE and Interview in relation to
number of vacancies and communication of result, IRDAI’s decision shall be
final and binding on the candidates and no correspondence or personal enquiries
shall be entertained in this regard.
11.3
The applicant should not have been, at any time, convicted by a court in
India for any offence involving moral turpitude. No proceedings in respect of
an offence alleged to have been committed by the applicant can be pending
before a criminal court in India. A warrant or summons for the appearance, or a
warrant for the arrest, of the applicant should not have been issued by a court
under any law for the time being in force or that an order prohibiting the
departure from India of the applicant should not have been issued by any such
court.
11.4
Instances of providing incorrect information and/or violation of laid down
process by a candidate detected at any stage of the selection process will lead
to disqualification of the candidate from the selection process and he/she will
not be allowed to appear in any IRDAI recruitment in the future.
11.5
Any legal proceedings in respect of any matter of claim or dispute arising
out of this notification and / or an application in response thereto can be
instituted only in Hyderabad and courts / tribunals / forums at Hyderabad only
shall have sole and exclusive jurisdiction to try any cause / dispute.
11.6
Canvassing in any form with regard to the recruitment/selection will be a
disqualification.
11.7
IRDAI reserves the right to cancel the recruitment at any stage of the
process without assigning any reason thereof.
(Hindi version of
this advertisement in available on Hindi website of IRDAI)
Hyderabad
27.9.2017
Executive
Director (Gen)