Insurance Regulatory and Development Authority of India (IRDAI) has invited applications for recruitment of Young Professionals.

The Scheme aims to provide an exceptional opportunity to qualified and motivated young individuals to work on important initiatives within IRDAI and assist in the policy analysis and development of the Indian Insurance Sector. Under this program, the individuals will work in the domains of Finance & Investment, Law, Actuarial, Technology, Research, Rural Management, and Communication.

Eligibility: Applicant must be an Indian Citizen of age not more than 30 years as on the last date of receipt of applications.

Domain-wise essential educational qualification are as follows:

  • Young Professional (Finance & Investment) (4): Post Graduate qualification (degree / 2-year diploma) with specialization in Finance or CA /CS/ CMA or Successfully completed all 3 (three) levels of Chartered Financial Analyst (CFA) course from CFA Institute (USA).

  • Young Professional (Law) (2): Bachelors’ Degree in Law

  • Young Professional (Actuarial) (4): Bachelors’ Degree in any stream and Passed in Core Statistics (CS), Core Modelling (CM) and Core Business (CB) subjects from the Institute of Actuaries of India (IAI).

  • Young Professional (Technology) (4) - Anyone of the following degrees: (i) B.E. / B. Tech in Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering; or (ii) MCA / MSc (IT) / MSc. (Computer Science) / MBA (Systems) / MBA (Analytics) / M. Tech (Computer Science/ IT/ Relevant Stream) / MS (Computer Science/ IT/ Relevant Stream) or equivalent degree.

  • Young Professional (Research) (4): Post Graduate qualification (degree / 2-year diploma) in Economics / Financial Economics / Business Economics / Applied Statistics / Econometrics/ Operation Research or equivalent

  • Young Professional (Rural Management) (4): Post Graduate qualification (degree / 2-year diploma) in Rural Management/ Rural Development/ Rural Technology and Management/ Sustainable Rural Development/ Rural Finance/ Rural

  • Young Professional (Communication) (2): Post Graduate qualification (degree / 2-year diploma) in Journalism and Mass Communication/ Public Relations/ Media Management

Applicant should have 55% aggregate marks or equivalent CGPA in qualifying examination. The details of the desirable qualification for each category is specified in the detailed Notification at https://www.irdai.gov.in/

Duration of program: Young Professional (YP) will be engaged for 1 year initially which may be extended by 2 stretches of 1 year each depending on the performance of YPs and organizational requirements. The program will be offered at Head Office or any other office of IRDAI.

Application: Applications can be submitted online at https://ypp.irdai.gov.in/ypp latest by 5 pm on 23.08.2022. The shortlisted applicants will be called for the personal interview.

YPs shall be paid a monthly stipend of Rs. 75,000/-.

For details, visit at https://www.irdai.gov.in/