dh saved tar Patherrre site Prater softer cor gaece: INSURANCE REGULATORY AND incleail DEVELOPMENT AUTHORITY OF INDIA Appointment of Officers on Deputation from eligible officers working in PSU Insurance Companies and Fin: Sector Regulators Ref: HR/Deputation/Sept./2019 Date: 13.09.2019 1. Insurance Regulatory and Development Authority of india (IRDAI) is a statutory body formed under an Act of the Parliament 2. The Authority proposes to fill up the following vacancies as Officers on Special Duty (OSD) through deputation of Officers from PSU Insurance companies and Financial Sector Regulators. 3. The details of the vacancies are given below: ‘Assistant General_| Deputy Genoral & Detaiis Manager, Manager Manager [ inGrade c in Grade D 35150-1750(9)- | 49000-1750(3)-54250- | 68500-2150 '50900-E8-1760(2)- | 1900(2)-58050- | 72800-2250(6)- 4 SCALE OF PAY '54400-2000(4)- | 2000(4)-86050-E8- | 86300 (9 years) (ins) 62400 (16 years) '2000(2)70050- 2150(1)-72200 (13 ears) ‘Actuarial 1 1 - Accounts | 2 = = = | General 8 3 3 : D [General Estates | 2 1 = A @ 34 = & |r < si 1 : 21g & | F tooa 5 1 1 Life 2 6 1 3 Non-Life 9 3 2 TOTAL NO. OF VACANCIES 22 10 6 3 | AGE Maximum age 55 55 55 The eligible Officers may submit their applications in the prescribed format through proper channel only, i.e., through their cadre controlling authority so as to reach the undersigned on or before 5 pm on 4" October, 2019. Executive Director (Gen) Insurance Regulatory and Development Authority of India ‘Survey No. 115/1, Financial trict, Nanakramguda, Hyderabad - 500 032, Telangana. q& 44.1151, oretfiras PfReee, arenes, berTaTe-500 092, se | Survey No, 115, Financial Dist, Nanakramguda, Hyderabed-500 082, ia 9): 491-40-2020 4000 fae : www irdai.gov.in | ©) :491-40-2020 4000 Website + wivw.idai.gov.in4. Details of eligibility and other conditions are to be fulfilled as on the last date of receipt of applications, i.e., 4"" October, 2019. 5. Eligi lity Conditions: 5.1. Eligibility conditions for the post of Deputy General Manager — Legal: a) Minimum academic qualifications: LL.B from a recognized university. b) Level of Officers eligible: (i) PSU Insurance companies * Scale V Officers, or * Scale IV Officers with minimum 5 years of service in that scale. (ii) Financial Sector Regulators * Officers in Grade D and in the pay scale equivalent to 68500 - 2150 (2) - 72800 ~ 2250 (6) - 86300 with associated grade allowance. c) Experience: 15 years as an Officer in PSU Insurance company/ies and/or Financial Sector Regulators with minimum 5 years in related field of work. d) Preference will be given to officers directly handling legal matters including HR or Service matters. ity conditions for the post of Deputy General Manager — Life: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible: (i) Life Insurance Corporation of India * Scale V Officers, or * Scale IV Officers with minimum 5 years of service in that scale. ©) Experience: 15 years as an Officer in LIC of India with minimum 5 years in related field of work. 'y conditions for the post of Deputy General Manager — Non Life: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible: (i) General Insurance Corporation of India (ii) National Insurance Co. Ltd (iii) New India Assurance Co. Ltd (iv) Oriental Insurance Co. Ltd (v) United India Insurance Co. Ltd(vi) Agriculture Insurance Co. of India Ltd (vii) Export Credit Guarantee Corporation of India * Scale V Officers, or * Scale IV Officers with minimum 5 years of service in that scale. ©) Experience: 15 years as an Officer in Insurance companyfies mentioned in para 5.3. (b) above with minimum 5 years in related field of work. 5.4. Eligibility conditions for the post of Assistant General Manager — Actuarial: a) Minimum academic qualifications: Graduation from a recognized university and Fellow of the Institute of Actuaries of India (IAI) b) Level of Officers eligible: {i) PSU Insurance companies * Scale IV Officers, or © Scale III Officers with minimum 5 years of service in that scale. c) Experience: 12 years as an Officer in PSU Insurance company/ies with minimum 5 years in related field of work. 5.5. Eligibility conditions for the post of Assistant General Manager — General: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible: (i) PSU Insurance companies * Scale IV Officers, or * Scale Ill Officers with minimum 5 years of service in that scale. (ii) Financial Sector Regulators * Officers in Grade C and in the pay scale equivalent to 49000-1750(3)- 54250-1900(2)-58050-2000(4)-66050-EB — 2000(2)-70050-2150(1)- 72200 (13 years) with associated grade allowance ©) Experience: 12 years as an Officer in PSU Insurance companylies and/or Financial Sector Regulators with minimum 5 years in related field of work. d) These posts are earmarked for HR, Corporate Services, Sectoral Development (Research & Development) and Communication Departments. Related field of work includes experience of working in these departments. Preference would be given to Officers having qualification and experience in Research and LDevelopment activities, collection of information and analysis enabling policy making, coordination of Board Meetings and Board Secretarial related work, Consumer Awareness in the field of Financial Education 5.6. Eligibility conditions for the post of Assistant General Manager — IT: a) Minimum academic qualifications: B.Tech (IT/CSE) or MCA or M.Tech or M.S in IT from a recognized university b) Level of Officers eligible: (i) PSU Insurance companies + Scale IV Officers, or * Scale III Officers with minimum 5 years of service in that scale. (ii) Financial Sector Regulators * Officers in Grade C and in the pay scale equivalent to 49000-1750(3)- 54250-1900(2)-58050-2000(4)-66050-EB — 2000(2)-70050-2150(1)- 72200 (13 years) with associated grade allowance. c) Experience: 12 years as an Officer in PSU Insurance companylies and/or Financial Sector Regulators with minimum 5 years in related field of work, 5.7. Eligibility conditions for the post of Assistant General Manager - Legal: a) Minimum academic qualifications: LL.B from a recognized university. b) Level of Officers eligible: (i) PSU Insurance companies «Scale IV Officers, or * Scale Ill Officers with minimum 5 years of service in that scale. (ii) Financial Sector Regulators * Officers in Grade C and in the pay scale equivalent to 49000-1750(3)- 54250-1900(2)-58050-2000(4)-66050-EB — 2000(2)-70050-2150(1)- 72200 (13 years) with associated grade allowance. c) Experience: 12 years as an Officer in PSU Insurance companylies and/or Financial Sector Regulators with minimum 5 years in related field of work5.8. Eligi ity conditions for the post of Assistant General Manager - Life: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible: (i) Life Insurance Corporation of India © Scale IV officers, or * Scale Ill officers with minimum five years of service in that scale. c) Experience: 12 years as an Officer in LIC of India with minimum § years in related field of work. 5.9. Eligibility conditions for the post of Assistant General Manager- Non Life: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible’ (i) General Insurance Corporation of India (ii) National Insurance Co. Ltd (ii) New India Assurance Co. Ltd {iv) Oriental Insurance Co. Ltd. {v) United India Insurance Co. Ltd (vi) Agriculture Insurance Co. of India Ltd (vii) Export Credit Guarantee Corporation of India « Scale |V Officers, or * Scale Ill Officers with minimum 5 years of service in that scale. ©) Experience: 12 years as an Officer in Insurance companyies mentioned in para 5.9. (b) above with minimum 5 years in related field of work. §.10. Eligibility conditions for the post of Manager — Actuarial: a) Minimum academic qualifications: Graduation from a recognized university and Pass in twelve (12) papers of the Institute of Actuaries of India (Al). b) Level of Officers eligible: (i) PSU Insurance companies + Scale Ill Officers, or + Scale Il Officers with minimum 5 years of service in that scale. c) Experience: 8 years as an Officer in PSU Insurance company/ies with minimum 5 years in related field of work. nO5.11. Eligibility conditions for the post of Manager ~ ‘Accounts: \ a) Minimum academic qualifications: Graduation from a recognized university and \ | ACANIAICWA/ACSICFA. b) Level of Officers eligible: | (i) PSU Insurance companies | «Scale Ill Officers, oF | | 5 Scale Il Officers with minimum 5 years of service in that scale | (ii) Financial Sector Regulators «Officers in Grade B andin the Pay scale equivalent to 35150-1750(9)- | 59900-£8-1750(2)-54400-2000(4)-62400 (146 years) with associated | grade allowance c) Experience: 8 years as a” Officer in PSU Insurance companylies and/or Financial Sector Regulators with minimum 5 years in related field of work. | | 5.12. Eligibility conditions for the post of Manager — General: a) Minimum academic qualifications: Graduation from a recognized university. \ b) Level of Officers eligible: (i) PSU Insurance companies | © Scale Ill Officers, oF Scale Il Officers with minimum 5 years of service in that scale (ji) Financial Sector Regulators | 5 Officers in Grade B and in the pay scale equivalent to 36150-1750(9)- 0900-€8-1750(2)-54400-2000(4-62400 (16 years) with associated grade allowance. c) Experience: 8 years 2S an Officer in PSU Insurance company/ies and/or Financial Sector Regulators with minimum 5 years ih elated field of work. 4) These posts are earmarked for Sectoral Development (Research & Development) and Consumer Affairs Department. Related field of work includes experience of \ working in these departments. preference willbe given to Offers having qualifications and work experience in research and development activities, collection of information and analysis enabling policy decision making and handling of consumer grievances:5.13. Eligibility conditions for the post of Manager — General - Estates: a) Minimum academic qualifications: Graduation from a recognized university b) Level of Officers eligible: (i) PSU Insurance companies + Scale Ill Officers, or «Scale Il Officers with minimum 5 years of service in that scale. (ii) Financial Sector Regulators «Officers in Grade B and in the pay scale equivalent to 35150-1750(9)- 50900-EB-1750(2)-54400-2000(4)-62400 (16 years) with associated grade allowance. c) Experience: 8 years as an Officer in PSU Insurance companylies and/or Financial Sector Regulators with minimum 5 years in related field of work Qualification and Experience in the given area will be preferred. Related field of work includes, and not restricted to, the following: = Overall security arrangements and maintenance at the offices and residential premises. «Planning, analyzing and assisting in providing various security arrangements in the Office buildings, supervising of various electronic systems for security measures such as CCTV, Fire Detection / Protection panels, Fire Fighting systems, Access Control System, Metal detector, Monitoring of Visitors. «Protocol, logistics and other arrangements for visits / meetings of senior officials. «Supervising the functioning of mailing desk and reception Verification of dead stock, inventory register of Offices and residential premises, 5.14. Eligibility conditions for the post of Manager ~ IT: a) Minimum academic qualifications: B.Tech (ITICSE) or MCA or M.Tech or M.S. in IT from a recognized university. b) Level of Officers eligible: (i) PSU Insurance companies «Scale Il Officers, or «Scale Il Officers with minimum 5 years of service in that scale,(ii) Financial Sector Regulators * Officers in Grade B and in the pay scale equivalent to 35150-1750(9)- 50900-EB-1750(2)-54400-2000(4)-62400 (16 years) with associated grade allowance. ©) Experience: 8 years as an Officer in PSU Insurance company/ies and/or Financial Sector Regulators with minimum 5 years in related field of work. 5.15. Eligibility conditions for the post of Manager — Life: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible: (i) Life Insurance Corporation of India + Scale Ill Officers, or * Scale II Officers with minimum 5 years of service in that scale. c) Experience: 8 years as an Officer in LIC of India with minimum 5 years in related field of work 5.16. Eligibility conditions for the post of Manager — Non Life: a) Minimum academic qualifications: Graduation from a recognized university. b) Level of Officers eligible: (i) General insurance Corporation of India {ii) National Insurance Co, Ltd (iii) New India Assurance Co. Ltd {iv) Oriental insurance Co. Ltd (v) United India Insurance Co. Ltd (vi) Agriculture Insurance Co. of India Ltd (vii) Export Credit Guarantee Corporation of India * Scale Ill Officers, or * Scale Il Officers with minimum 5 years of service in that scale. c) Experience: 8 years as an Officer in Insurance company/ies mentioned in para 5.16. (b) above with minimum 5 years in related field of work.6.1. 6.2. 6.3. 6.4. 6.5. 6.6. 67. 6.8. 6.9. General conditions: The Officers applying for any of the above posts should be holding an equivalent post given above with similar responsibilities and duties in PSU Insurance Companies and/or Financial Sector Regulators, wherever applicable and as per eligibility given under respective grades. Applications shall be made in the prescribed format only which is given at Annexure A and shall be submitted through proper channel only along with copies of Annual Performance Appraisal Reports of the last three years and vigilance clearance and Integrity Certificate before the last date of receipt of applications, ie. on or before 5 pm on 4" October, 2019. The Cadre Controlling Authority has to forward the applications of the interested Officers whose services can be spared by the Cadre Controlling Authority duly filling up Part Il of the application along with attested copies of ACRs/APARs of the Officers for the last three years, i.e. from 2016-17 to 2018-19. Applications which are incomplete or not in the prescribed format or not received through proper channel before the last date of receipt of application are liable to be ‘summarily rejected. It is clarified that any form of conditional forwarding from the employer or applications received without certificate of employer as given in Part Il of Annexure — A shall be summarily rejected IRDAI does not assume any responsibility for the candidates not being able to submit their applications within the last date on account of or for any reason beyond the control of IRDAI In case of receipt of more than one application from a candidate, IRDAI reserves its right to consider their applications as per the candidate's suitability. The following documents, in original, should be shown for verification 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: Proof of Date of Birth (Birth Certificate issued by the Competent Municipal Authorities or SSLC/ Std, X Certificate with DOB mentioned therein), Photo Identify Proof, academic qualifications (mark sheets of all years/semesters and Degree/PG/Diploma/other certificates), proof of the experience mentioned in the application and any other relevant document in support of eligibility The period of deputation shall not exceed 3 (three) years. The officer on deputation shall be governed by the IRDAI Staff (Officers and Other6.10. 6.11. 6.12. 6.13. 6.14. 6.15. 6.16. 6.17. 6.18. 6.19. 6.20. Employees) Regulations, 2016 as amended from time to time and terms and conditions as laid down by IRDAI An Officer appointed on deputation to IRDAI from other organizations, may elect to draw either the pay in the scale of pay of deputation post or scale of pay in the parent cadre plus deputation allowance thereon plus personal pay, if any, by exercising his option within 30 days from the date of joining IRDAI. In case the employee on deputation fails to submit the option within the aforesaid period, it shall be deemed that the employee has opted for the pay in the scale of pay of deputation post in IRDAI and his pay shall be fixed accordingly. When an Officer appointed on deputation to IRDAI from other organizations receives promotion/proforma-promotion or is appointed to non-functional selection grade or up-gradation of scale in the parent cadre, the Officer shall have the option of either continuing with the existing pay and allowances in the ex-cadre post till the end of deputation or seek repatriation to claim the benefits of promotion. The pay fixation and reconsideration of ex-cadre post for a higher ex-cadre post shall not be entertained due to promotion in the parent cadre. The officers who served IRDAI on deputation for one term will not be considered for second term. The permanent Officers of IRDAI and Officers presently on deputation cannot apply for higher ex-cadre post at IRDAI The Officer on deputation shall not be considered for any foreign deputation and/or deputation to any organization within India. The Officer on deputation shall not be eligible for permanent absorption or promotion in IRDAI. The Cadre Controlling Authority is required to confirm requisite qualifications/experience for the post mentioned by the applicant in the filled in application form and ensure that he/she fulfils the eligibility criteria for the said post before forwarding his/her application IRDAI reserves the right to either relax or raise any conditions as per administrative exigencies for any skill stream and /or grade. IRDAI reserves the right to fill up the vacancies of a given skill stream and/or grade from another skill stream and/or grade in extraordinary circumstances, if adequate number of applications are not received for that skill stream and/or grade. IRDAI reserves the right to fill up less number of posts or not to fill up the posts at all Canvassing or bringing any undue influence in any form will disqualify the6.21. 6.22. 6.23. 6.24. 6.25. 6.26. 6.27. 6.28. 6.29. Hyderabad candidate. Any candidate who knowingly or wilffully furnishes incorrect or false particulars or suppressed material information, their candidature will be liable to be cancelled at any stage of the selection. If the candidate qualifies in the selection process and subsequently it is found that he/she does not fulfil the eligibility criteria, his/her candidature will be cancelled and if appointed on deputation, the same would be terminated without any notice or compensation The shortlisted candidates will be called for a personal interface/Interview. IRDAI reserves the right to modify the selection procedure, if deemed fit In all matters regarding eligibility, conduct of interview, assessment, prescribing minimum qualifying standards in Interview in relation to number of vacancies and communication of result and other allied matters, IRDAI's decision shall be final and binding on the candidates and no correspondence or personal enquiries shall be entertained in this regard Outstation candidates called for interview will be reimbursed Economy Class Air fare for the to and fro journey by the shortest route from the place of their workplace, to the place of interview, subject to submission of necessary documentary evidence. The selected Officers can be posted or transferred to any of the offices of IRDAI IRDAI reserves the right to cancel the Advertisement fully or partly on any grounds. 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. All correspondence will be made through Email and Speed Post. Therefore, all the candidates are advised to provide correct e-mail address and check their e-mails regularly for any updates from IRDAI Corrigendum: Please note that Corrigendum, if any, issued on the above advertisement, will be published only on the IRDAI's website. (Hindi version of this advertisement is available on Hindi website of IRDAI) por oe 13.09.2019 Exétutive Director (Gen)BEB. 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