Agriculture Insurance Company of India Limited (AIC), New Delhi has invited online application for the recruitment of Appointed Actuary for the full-time contractual position.
AIC of India Appointed Actuary Vacancy 2025:
1. Appointed Actuary
Scope of Work: The Appointed Actuary’s duties and obligations will be as per the IRDAI (Actuarial, Finance, and Investment Functions of Insurers) Regulations, 2024, including amendments, and as detailed in Annexure-1. Key duties include:
Age Limit: The candidate should not be over 60 years of age as on August 1, 2025.
Qualification & Experience: The candidate must be an ordinarily resident in India. The candidate should be a Fellow member of the Institute of Actuaries of India (IAI), in accordance with the Actuaries Act, 2006. The candidate must satisfy all requirements laid down in the IRDAI (Actuarial, Finance, and Investment Functions of Insurers) Regulations, 2024 (including amendments/modifications) to be eligible as an Appointed Actuary for a General Insurer. At least 9 years of experience in General Insurance, with at least 4 years of post-fellowship experience. This experience criterion can be reduced by 2 years if the applicant has passed the Specialist Application or Specialist Advanced level subject in General Insurance from IAI or a mutually recognized institute. At least 2 years of post-fellowship experience (out of 4 years or 2 years as applicable) in the preparation or review of annual statutory valuation or product pricing of an Indian General Insurer, Indian Reinsurer, or Foreign Reinsurer’s Branch in India. Relevant experience as a Peer Reviewer, Panel Actuary, Actuary certifying reinsurance returns for General reinsurance business, actuarial consultancy in General Insurance, or relevant experience with the Authority will also be considered. At least 3 years of experience in a middle or senior level management role. The candidate must possess a Certificate of Practice issued by the Institute of Actuaries of India, as per IRDAI regulation.
Selection Process: The selection will be through a personal interview of shortlisted candidates.
Last Date: 31st July 2025
How to Apply: Interested candidates should send their complete application in the annexed format along with copies of requisite certificates/documents. Applications should be sent to the e-mail ID: recruitment[@]aicofindia.com.
Subject Line: The email subject line should be “Application for the post of Appointed Actuary”.
For more details about AIC of India Appointed Actuary Vacancy 2025: https://www.aicofindia.com/career
