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IRDAI has invited applications for the post of Chairperson.
The current Chairperson Debasish Panda will retire on March 14, 2025.
The Financial Sector Regulatory Appointment Search Committee will select the new chairperson after reviewing all the applications received before April 6, 2025.
Here are the eligibility criteria for the new IRDAI Chairperson:
- The applicant, an Indian citizen, must have at least 30 years of relevant work experience in fields like life insurance, general insurance, actuarial science, finance, economics, law, accountancy, or administration
- Those from the government sector should have worked as Secretary to the Government of India or in an equivalent role. While applicants from the private sector should have served as CEO or equivalent of a large financial institution
- The applicant should have at least two years of service left as of March 14, 2025. This means their age should not be more than 63 years on that date
- The Chairperson will get a fixed salary of Rs. 5,62,500 per month
- Applications must be sent with a CV, a passport-size photo, and three references to the following address:
Shri. Abdul Gufran
Under Secretary to the Government of India
Ministry of Finance
Department of Financial Service
Room No. 10, Jeevan Deep Building, 2nd floor
Sansad Marg, New Delhi – 110001
Tel.: 011 23748788
More information on this is available at https://irdai.gov.in/