Internship in IRDAI: Apply by March 24
Insurance Regulatory Development Authority of India (IRDAI), Hyderabad, has invited applications from students who are pursuing Graduate and Post graduate courses or Research from reputed universities and educational institutions for the internship programme to be held during the summer recess.
The internship program is open to Indian citizens only. Applicants should be bona-fide students in the pre-final of their graduation (4th year, in the case of Law graduates pursuing Five year integrated course) with consistent excellent academic records or students possessing graduation degree and are in the pre-final year of post graduation or students who are pursuing one year Masters degree or students possessing post graduate degree and pursuing full time Research courses in Insurance/Economics / Finance / Management. The Intern should be a regular student of the university/institution.
The internship is for carrying out project/get training in the area of insurance only from regulatory perspective. The minimum duration of the internship is two months and a maximum of three months.
The interns will be paid a stipend of Rs. 15,000/- per month. Selected outstation candidates will be reimbursed to and fro actual single II AC railway fare.
It shall be the responsibility of the Interns to make their own arrangements for accommodation and laptops. Working space/internet facility and also other necessities as deemed fit will be provided by IRDAI.
The project will be monitored by a Supervising Official of the Department allocated who will act as Project Guide.
On completion of the project, the intern will have to make a presentation on the Project to the HODs in IRDAI and submit a report to HR Department. The Intern will also submit a report / working prototype / model to the IRDAI Library.
The number of interns will be around 10. The other conditions related to the Internship are given in the Notification that is available at the ‘What’s New’ link of https://www.irdai.gov.in/
Application: Application can be submitted in the in the prescribed format (Word) that can be downloaded from the Notification link.
The completed application form, duly certified by the sponsoring Institution has to reach ‘The Executive Director (Gen), Insurance Regulatory and Development Authority of India, Survey No.115/1, Financial District, Nanakramguda, Hyderabad - 500 032’, in an envelope super-scribed with ‘Application for Internship’, latest by 5 pm on 24th March, 2020. A copy of the same may be sent on email to firstname.lastname@example.org.
There will be a Scrutiny Committee which will scrutinize the applications and shortlist the applicants for the personal interview. The shortlisted applicants will be called for the personal interview, if required, and the Selection Committee will recommend the names of the candidates. Only the candidates who are selected for internship will be intimated.
Based on their credentials, the IRDAI may consider offering them internship in different areas based on their aptitude and/or interest and as per selection by the Screening Committee.
The deliverables from the internship are decided at the time of offering the internship itself. The interns are required to furnish a declaration of secrecy before reporting for the Internship.
Internship will be offered at IRDAI’s Head Office in Hyderabad commencing in May, 2020. IRDAI will provide office space, internet connectivity and other support facilities to the interns. Apart from this, no other facilities shall be provided to the interns by IRDAI.
More details are available in the Internship Notification.