Deputy Director, Deputy Director (Actuarial) ,Assistant Director,  Jobs & Vacancy in Management at  Insurance Regulatory and Development Authority, Hyderabad Oct 2011
Job or Vacancy Description:
Applications are invited for the following posts in IRDA, Hyderabad in a Special recruitment drive for reserved categories :

1. Deputy Director (General) : 08 posts (SC–2, OBC – 6) (Life Insurance – 3, Non Life Insurance – 4,  Legal – 1)

2. Deputy Director (Actuarial) : 03 posts (SC – 1, OBC – 2)

3. Assistant Director (General) : 03 posts (SC -1, ST-2) (Life Insurance – 1, Non Life Insurance – 1, Legal – 1)

4. Assistant Director (IT) : 01 post (OBC)

5. Assistant Director (Accounts) : 03 posts (SC – 2, ST – 1)

6. Assistant Director (Actuarial) : 04 posts (SC – 1, ST – 1, OBC – 2)

How to Apply : Applications in the prescribed format completed in all respect must be send in a closed envelope superscribing “APPLICATION FOR THE POST OF ASSISTANT DIRECTOR AND DEPUTY DIRECTORS”  The Executive Director (Administration), Insurance Regulatory and Development Authority 3rd floor, Parisrama Bhavanam , Basher Bagh Hyderabad – 500004

General Instructions:
1. All educational qualifications should have been obtained from recognized Universities/Institutions in India or abroad. If grades are awarded instead of marks, candidates should clearly indicate the numerical equivalent.
2. Persons serving in State/Central Governments and Public Sector Undertakings should apply through proper channel. However, they can forward an advance copy to the Authority.
3. The eligibility for internal candidates for the above posts: Deputy Directors: working at the level of Senior Assistant Director at least for a period of 5 years; Assistant Directors: working at the level of Junior Officer at least for a period of 5 years;
4. Remuneration: The approximate Monthly Emoluments of Deputy Director would be Rs.1, 10, 000/- for Assistant Director is Rs.61,000/- (inclusive of Basic pay, DA, HRA, and CCA & FA).
5. Mode of Selection a) Screening Committee constituted by the Authority will examine the applications and candidates qualifying the criteria may be considered for being called for written test/interview/selection.
6. The selected candidates will be posted in the office of the Authority located in Hyderabad and at such other places where the Authority may establish its offices.
7.  Written Examination: Written Examination of around 3 hours duration for 100 marks may be held. Candidates would have to secure minimum marks separately for each test as prescribed by the Authority, in their respective fields.
8. The Written Examination may be held at Hyderabad. Candidates will be required to appear for the Written Examination at their own cost. c) Candidates will be short-listed for interview based on the aggregate marks obtained in the written examination.
9. Applications complete in all respects must be sent in a closed envelope necessarily super scribed “APPLICATION FOR THE POST OF DEPUTY DIRECTOR & ASSISTANT DIRECTOR to the following address:- The Executive Director (Administration) Insurance Regulatory and Development Authority 3rd Floor, Parisrama Bhavanam , Basher Bagh, Hyderabad – 500 004

10. Checklist for Submission of the Application Form: a) Candidates who satisfy the eligibility norms may apply giving their bio data strictly in the given format. b) The Format of the Application Form must be in a printed form (A4 Sheet). Application form can be downloaded from the IRDA Website
11. Enclosures: Proof of age, caste certificate, qualification, marks list, experience certificate etc. duly attested by a Gazetted Officer. f) On the cover containing the application, the post applied for, should be indicated. g)

Tentative Last Date: 07-11-2011

About the organization :
On the one hand, human life is subject to various risks—risk of death or disability due to natural or accidental causes. Humans are also prone to diseases, the treatment of which may involve huge expenditure. On the other hand, property owned by man is exposed to various hazards, natural and man-made. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household. The family is put to hardship. Sometimes survival itself is at stake for the dependants.
When it comes to property, loss or damage to property results in either whole or partial loss in income to the person or entity. Risk has the element of unpredictability. Death/disability or loss/damage could occur at anytime. Losses can be mitigated through insurance. Insurance is a commodity which offers protection against various contingencies. Insurance products available for life and non-life are many. In non-life, apart form personal covers such as accident covers and health insurance, there are products covering liabilities under a particular law and or common law. The various products are designed to cater to different needs of an individual or industry such as fire insurance policy on multi-storeyed building, householder’s policy. An insurance contract promises to make good to the insured a certain sum in consideration for a payment in the form of premium from the insured. Human life cannot be valued. Hence the sum assured ( or the amount guaranteed to be paid in the event of a loss ) is by way of a ‘benefit’ in the case of life insurance. Life insurance products provide a definite amount of money to the dependants of the insured in case the life insured dies during his active income earning period or becomes disabled on account of an accident causing reduction/complete loss in his income earnings. An individual can also protect his old age when he ceases to earn and has no other means of income by purchasing an annuity product. A Personal Accident cover is also for protection. In the event of death or disability, permanent or temporary, of the insured, it provides for compensation which is either the whole or a percentage of the Capital Sum Insured depending on the kind of loss.

Address :
Insurance Regulatory and Development Authority (IRDA)
3rd Floor, Parishram Bhavan, Basheer Bagh, Hyderabad-500004

VACANCY DETAILS
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