Document Detail

Title: To All
Reference No.:
Date: 30/04/2021
Applications invited for appointment to the office of Chairperson in IRDAI

 

 

 

Governmentof India

Ministry ofFinance

Departmentof Financial Services

 

Jeevan Deep Building, 2nd floor

Sansad Marg, New Delhi -110 001

 

Applications invited for appointment to theoffice of Chairperson in Insurance Regulatory and Development Authority ofIndia

The Insurance Regulatory and DevelopmentAuthority of India is established by the Insurance Regulatory and DevelopmentAuthority Act, 1999. Applications are invited from eligible candidates for appointmentto the officeof Chairpersonin IRDAI.

The consolidated pay and allowancesof the Chairperson shall be Rs.4.50 lakh per month without the facility ofhouse and car. Detailed terms and conditions areavailable on the websites of the Department of Financial Services(http://financialservices.gov.in/) and theAuthority(https://www.irdai.gov.in/).

Last date for receipt ofapplications is 29thMay 2021.

 

Vinod Kumar

UnderSecretary to the Government of India

Departmentof Financial Services

Ministry ofFinance

Room No. 10,Jeevan Deep Building, 2nd floor

Sansad Marg,New Delhi – 110 001

Tel.: 23748768

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Applicationsinvited for appointment to the office of Chairperson in the InsuranceRegulatory and Development Authority of India

1.                 Qualifications and experience:

Applicantmust be person of ability, integrity and standing, who has knowledge orexperience in life insurance, general insurance, actuarial science, finance,economics, law, accountancy, administration or any other discipline which would,in the opinion of the Central Government, be useful to the Authority.

Elaborating further,—

(i)          Applicants should have at least 30 years ofwork experience, should have worked as Secretary to Government of India or itsequivalent level in Government of India or State Governments or other institutions,and should have had a proven track record of leadership and authority indecision-making.

(ii)        Applicants from private sector should haveworked as CEO or equivalent of a large financial institution.

2.                 Age: Theapplicant should have minimum of two years ofresidual service as on 7.5.2021, i.e., the applicant’sageshould notexceed 63 years on said date.

3.                 Salary and allowances:Consolidated pay and allowances of Chairperson shall be Rs. 4,50,000/- p.m.,without the facility of house and car. Other terms and conditions of serviceof chairperson shall be governed by the Insurance Regulatory and DevelopmentAuthority (Salary and Allowances payable to and other Terms and Conditions ofService of Chairperson and other Members) Rules, 2000.

4.                 Term of office: The termof office of Chairpersonshall be in accordance withthe relevant provisions under the Insurance Regulatory and DevelopmentAuthority Act, 1999 and the decision of the appointing authority in thisregard, provided that no person shall hold office as aChairperson after he has attained the age of sixty-five years.

5.                 Submission of application:Applications duly filled in, together with the applicant’s curriculumvitae, one passport-size photograph and the names and contact details ofthree referees, should be sent in a closed cover, superscripted “ApplicationforChairperson, Insurance Regulatory and Development Authority of India”,to:

Shri VinodKumar

UnderSecretary to the Government of India

Room No. 10,Jeevan Deep Building, 2nd floor

Sansad Marg,New Delhi –110 001

Tel.: 23748768

6.                 Lastdate for receipt of application:29th May 2021

 

 

 

 

 

 

Notes:

(i) Ministry of Finance, Department ofFinancial Services will, in no case, be responsible for non-receipt ofapplications or any delay in receipt thereof.

(ii) The appointment shall be made by theCentral Government on the recommendation of the Financial Sector RegulatoryAppointment Search Committee. The committee isalso free to identify andrecommend, based on merit, any person other than those who have applied for theoffice. In respect of outstanding candidates, the committee may also recommendrelaxation in eligibility and qualifications and experience criteria.

(iii) The Government reserves the right tocancel or withdraw the selection and appointment process at any stage due toadministrative exigencies, if any, without assigning any reasons therefor.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FORMATOF APPLICATION

 

Post applied for _______________________________________

 

To

Name _______

Under Secretary, Department of Financial Services

Ministry of Finance, 2nd floor

Jeevan Deep Building, Sansad Marg, New Delhi - 110 001

 

 

Affix your Passport size photograph duly signed across

 

 

 

1.

Name in Full (in Block Letter)

 

 

2.

Father’s/Husband’s name

 

 

3.

Date of birth

Day

Month

Year

4.

Age as on

(7.5.2021)

Day

Month

Year

5.

Nationality

 

 

6.

a) Academic

 

Qualification

Board / University

Year of Passing

Subject

Percentage

 

 

 

 

b) Professional

 

Qualification

Board / University

 

Year of Passing

Subject

Percentage

 

 

 

7.

Details of Experience and brief service particulars

 

 

 

Post (regular/ad-hoc) / Organization details

Period

(From – To)

 

 

 

Scales of Pay and Basic Pay

 

 

 

 

Nature of Duties

Remarks / any other information relevant for the post

 

 

8.

Name /address of present employer / institution :

 

 

9

Present post held :

 

 

10.

Date since present post held :

 

 

11.

Complete Postal Address, Telephone and E-mail particulars:

 

Permanent Address:

 

Present Postal Address:

 

Email

Telephone

Office

Mobile

12.

Any other relevant information in support of application :

                                       

 

DECLARATION:

I do here by declare that all statements madein this application are true, complete and correct to the best of my knowledgeand belief. I understand that in the event of any particular or informationfurnished by me, found false / incomplete or ineligible, my candidature will berejected or cancelled and in the event of any statement information found falseeven after appointment, my services are liable to be terminated without anynotice.

No. of Encl.:__________Sheets (Signatureof Candidate)

NAME: __________________________

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