IRDAI proposes to offer an internship to students, who are citizens of India, pursuing studies in reputed institutions and are in their pre-final year of graduation or pre-final year of post-graduation.
The number of interns will be around 10.
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 shall be a regular student of the university/institution.
The internship program is open to Indian citizens only.
The internship is for carrying out project/get training in the area of insurance only from a regulatory perspective. The minimum duration of the internship is two months and a maximum of three months.
The 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.
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. The actual single II AC railway fare will be reckoned by the shortest route from the place of the residence/place of their institute to the place of summer internship for undertaking the project. Apart from these, there will be no other remuneration or payment.
How to Apply?
Interested students may submit their applications, duly certified by the sponsoring Institution in a closed envelope superscribed as “Application for Internship” addressed to The Executive Director (Gen) Insurance Regulatory and Development Authority of India Survey No.115/1, Financial District, Nanakramguda Hyderabad – 500 032.
The application complete in all respects should reach on or before 5.00 PM on 24th March, 2020. A copy of the same may be sent on email to [email protected] Applications which are incomplete or not in the prescribed format or not received before the last date of receipt of application are liable to be summarily rejected.
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 the 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.