The United India Insurance Company Limited (UIIC) has announced a recruitment drive for the position of “Actuary in addition to Appointed Actuary” on a full-time contractual basis. This presents a valuable opportunity for qualified and experienced actuaries seeking a challenging role within the insurance sector.
Key Details:
| Feature | Details |
| Post Name | Actuary in addition to Appointed Actuary |
| Eligibility | Fellow member of the Institute of Actuaries of India (IAI), experience in General Insurance Pricing and Reserving, and compliance with IRDAI regulations. |
| Age Limit | Maximum 60 years |
| Location | Chennai |
| Salary | Negotiable |
| Application Deadline | 19th February 2025 |
Eligibility Criteria
To be considered eligible for this position, candidates must fulfill the following criteria:
- Indian Residency: Must be an ordinary resident of India.
- Professional Qualification: A Fellow member of the Institute of Actuaries of India (IAI).
- Experience: Possess relevant experience in General Insurance Pricing and Reserving.
- Regulatory Compliance: Adhere to the requirements outlined in IRDAI (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024, and subsequent amendments.
- Professional Conduct: Maintain a clean professional record with no history of misconduct.
Job Responsibilities
The primary responsibilities of the Actuary in addition to Appointed Actuary will include:
- Assisting the Appointed Actuary in pricing and valuation activities.
- Adhering to the guidelines and timelines stipulated by the Insurance Regulatory and Development Authority of India (IRDAI).
- Ensuring compliance with all applicable regulations and amendments.
Application Process
Interested and eligible candidates can apply for the position by following these steps:
- Obtain Application Form: Download the application form from the official UIIC website or obtain it from the address mentioned below.
- Fill Application Form: Complete the application form accurately and attach all necessary documents, including:
- Self-attested copies of educational certificates and mark sheets
- Proof of date of birth
- Experience certificates
- Any other relevant documents
- Submit Application:
- Postal Address:
- Authorised Signatory (HR)
- Corporate HRM Department, VIII floor,
- United India Insurance Co. Ltd.,
- Postal Address:
24, Whites Road, Chennai 600 014
- Email Address:
- recruitment@uiic.co.in
- (with a copy to hoactuarial@uiic.co.in)
- Email Address:
Important Note: Applications received after the deadline (19th February 2025) or with incomplete information will be summarily rejected.
Frequently Asked Questions (FAQs)
- What is the last date for submitting applications?
- The last date to apply for the Actuary position is 19th February 2025.
- What is the age limit for this position?
- The maximum age limit for candidates is 60 years.
- What are the essential qualifications for this role?
- Candidates must be Fellows of the Institute of Actuaries of India (IAI) and possess relevant experience in General Insurance.
Conclusion
This UIIC recruitment drive offers a promising opportunity for qualified actuaries to contribute to the Indian insurance industry. Interested candidates are encouraged to carefully review the eligibility criteria and application instructions before submitting their applications.
Disclaimer: This blog post is for informational purposes only and should not be considered official or legal advice. Please refer to the official UIIC notification for the most accurate and up-to-date information regarding this recruitment drive.
