Money & Banking

Govt invites applications for IRDA Chairman post

N. S. Vageesh Mumbai | Updated on October 10, 2012

The Department of Financial Services, Ministry of Finance, Government of India, has invited applications for the post of Chairperson, Insurance Regulatory and Development Authority (IRDA), Hyderabad. The post is falling vacant on February 21, 2013.

As per Section 5(1) of the IRDA Act, the person will be appointed for a tenure of maximum period of five years or up to 65 years of age, whichever is earlier. The pay and allowances of the Chairperson shall be Rs 3.75 lakh consolidated per month without the facility of house and car.

The applicant should have worked at least for 30 years and should have worked as Secretary to the Government of India or its equivalent level in State governments or private sector and have a track record of leadership and authority in decision taking.

Published on October 10, 2012

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