
Insurance Representative
4 hours ago
Principal Officer (Insurance Broker)
Minimum Experience: 3 years
The Principal Officer (PO) will be responsible for supervising and ensuring compliance in all activities of the Corporate Agent/Insurance Broker. The role demands strong regulatory knowledge, operational oversight, and effective grievance redressal, in line with IRDAI guidelines.
ensure that all specified people are trained, skilled, and knowledgeable in insurance products.
# Submit material disclosures, regulatory returns, and other information to the Authority in a timely manner.
# Submit annual compliance certification to the Authority, confirming adherence to all regulatory provisions.
# Oversee insurance solicitation activities and ensure all compliance requirements from specified persons (SPs) are met.
# Act as the Single Point of Contact for inspections and other compliance-related matters with the Authority.
# Bachelor's degree in any stream or (MBA or professional qualifications preferred – III, Actuaries, CII London, IIRM, ICAI, ICSI, CFA/CAIIB).
Training & Certification:
50 hours of training + passing the prescribed IRDAI exam (if not holding a professional qualification).
25 hours of training + exam for recognized professionals.
Must fulfill additional regulatory requirements such as minimum capital, deposits, professional indemnity insurance, infrastructure, staffing, and fit & proper declaration.
Strong knowledge of IRDAI regulations and insurance compliance framework.
Ability to coordinate effectively with regulatory authorities.
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