|Post||Director (Insurance), Department of Financial Services, Ministry of Finance|
|Ministry/Administration||Ministry of Finance|
|Department/Office||Department of Financial Services|
Number of Posts and Reservation
|Pay Scale||Revised Pay as per 7th CPC Level-13 in the Pay Matrix. The gross salary per month would be Rs. 1,82,000 (Approx.) including Basic Pay, HRA, DA and TA.|
|Age||Age not below 35 years and not exceeding 45 years as on closing date of receipt of application.|
|Essential Qualification (s)||
Master degree from a recognized university/Institute in any field.
Minimum 10 years experience in insurance sector with minimum 5 years experience in the field of insurance companies and entities regulated by IRDAI, Regulator, Academic Institutions in Specialized fields of
Legal/ Administration/ HR/ Consumer Affairs/ Compliance/ Financial & Investment/ Business Strategy.
|Desirable Qualification (s)||
(i). Bachelor degree from a recognized university in Law.
(ii). Master Degree in Business Administration/ Insurance/ Actuarial Science.
(i). Analysis of developments in Insurance Sector keeping in view the government policy and market requirements for further policy support to Public Sector Insurance Companies (PSICs)
(ii). All matter related to reforms and formulation of legislation in Insurance Sector
(iii). Review the performance of Public Sector Insurance Companies and also the performance of GOI sponsored/ supported schemes/ social security schemes in insurance.
(iv). Governance aspects relating to the IRDAI and Public Sector Insurance Companies
(v) Matters relating to innovation in Insurance Industries
|Tenure||The period of contract may be 3 years extendable to 5 years, depending upon performance.|
|Other Details||The post is Group ‘A’ on contract basis (On Deputation for officials of State/UT/PSUs, Autonomous Bodies, Statutory Organizations, Universities, Recognized Research Institutes).|
|Any Other Conditions||1. Central Government employees are not eligible to apply. 2. The candidate must have a minimum gross salary of Rs. 15 lac per year during any of the financial year 2018-19 or 2019-20 as per Form-16/ITR (or pay slip in the absence of Form-16/ITR). 3. All appointees are to be deemed as public servants for the purpose of the CCS(Conduct) Rules and such other statutes as notified by the government from time to time. 4. The employment contract to be terminated by either side with a minimum notice period of 3 months.|
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