UIIC Application Form 2025: Comprehensive Guide to Eligibility, Application Process, and More

Posted on February 3, 2025February 3, 2025 by admin

UIIC Application Form 2025: United India Insurance Company Limited (UIIC) is inviting applications for the position of Actuary, including the role of Appointed Actuary, on a contractual basis. The selected candidates will be stationed in Chennai. Applicants must be at least 60 years old. The salary for the position is negotiable, allowing candidates to specify their expectations.

Overview of UIIC Recruitment 2025

UIIC is a well-established insurance company in India, providing various career opportunities for qualified professionals. This recruitment drive aims to onboard skilled actuaries to support the company’s actuarial functions in compliance with regulatory guidelines.

Candidates must meet the requirements stipulated under the Insurance Regulatory and Development Authority of India (IRDAI) (Actuarial, Finance, and Investment Functions of Insurers) Regulations, 2024, as amended periodically. Eligible applicants should submit their duly completed application forms in the prescribed format to the designated address before the deadline. Additionally, candidates should send their applications via email to the provided email IDs.

WhatsApp Group Join Now

Telegram Group Join Now

Position Available in UIIC Recruitment 2025

UIIC is looking for candidates to fill the role of Actuary, with additional responsibilities as an Appointed Actuary on a contractual basis. This position is crucial in ensuring the company’s compliance with actuarial and financial regulations.

Educational Qualifications Required UIIC Application Form

To be eligible for the UIIC Recruitment 2025, applicants must meet the educational and professional qualifications outlined in the IRDAI (Actuarial, Finance, and Investment Functions of Insurers) Regulations, 2024. These qualifications ensure that candidates possess the necessary technical and professional expertise to fulfill their actuarial duties effectively.

United India Insurance Company Recruitment Roles and Responsibilities

Selected candidates will be responsible for various actuarial functions within UIIC. Key duties include:

Assisting the Appointed Actuary in pricing and valuation processes as per the IRDAI regulations.
Conducting actuarial analyses, including risk assessments and financial projections.
Ensuring compliance with regulatory standards related to actuarial, finance, and investment functions.
Preparing reports and recommendations on financial risks and insurance liabilities.
Collaborating with other departments to enhance underwriting strategies and risk management practices.
Keeping abreast of amendments in regulatory frameworks and implementing necessary adjustments in actuarial practices.

UIIC Recruitment 2025 Eligibility Criteria

To apply for the role of Actuary, including the Appointed Actuary position, candidates must meet the following eligibility requirements:

Must be an ordinarily resident of India.
Should be a Fellow member as per the Actuaries Act, 2006.
Must hold Fellowship with the Institute of Actuaries of India (IAI).
Should have relevant experience in Pricing and Reserving in General Insurance.
Must not have any record of professional misconduct or breach of ethical standards.

UIIC Recruitment 2025 Work Location

As per the official notification, the selected candidates will be placed in Chennai. They are expected to carry out their responsibilities from the company’s corporate office and collaborate with different teams to fulfill actuarial requirements.

UIIC Vacancy 2025 Age Limit

Applicants must be at least 60 years old. This ensures that experienced professionals with significant actuarial expertise are considered for the position.

UIIC Actuary Salary Structure

The salary for the selected candidates will be negotiable. Applicants are encouraged to specify their salary expectations in their application forms. The final remuneration package will be determined based on the candidate’s experience, qualifications, and industry standards.

WhatsApp Group Join Now

Telegram Group Join Now

UIIC Application Process

To apply for the UIIC Recruitment 2025, candidates must follow the below steps:

Download the Application Form – Obtain the official application form in the prescribed format from the UIIC website or official notification.
Fill Out the Form – Complete the application form with accurate details, ensuring all required fields are properly filled.
Attach Required Documents – Include all necessary documents, such as educational certificates, professional certifications, and proof of relevant work experience.
Submission Process – Send the completed application form to the following address:
Address for Submission:
Authorised Signatory (HR)
Corporate HRM Department, VIII Floor
United India Insurance Co. Ltd.
24, Whites Road,
Chennai – 600 014
Email Submission – Additionally, applicants must email their applications to:
- recruitment@uiic.co.in
- hoactuarial@uiic.co.in
Application Deadline – Ensure that the application reaches the designated address before 19th February 2025. After the deadline, applications won’t be taken into consideration.
Envelope Labeling – The upper left-hand corner of the application envelope should be clearly labeled as “Application for Actuary in addition to Appointed Actuary.”

Frequently Asked Questions (FAQs)

1. What is the last date to apply for UIIC Recruitment 2025?

The deadline for submitting applications is 19th February 2025. Ensure timely submission to be considered for the selection process.

2. What is the maximum age limit for applicants?

Candidates applying for UIIC Recruitment 2025 should not exceed 60 years of age.

3. What position is available under UIIC Recruitment 2025?

The recruitment is for the position of Actuary, with additional responsibilities as Appointed Actuary on a contractual basis.

4. Where will the selected candidates be placed?

The selected applicants will be stationed at Chennai, Tamil Nadu.

5. What are the educational qualifications required?

Candidates must fulfill the qualifications stipulated under the IRDAI (Actuarial, Finance, and Investment Functions of Insurers) Regulations, 2024. Additionally, they must be Fellow Members of the Institute of Actuaries of India (IAI).

6. How can candidates apply for UIIC Recruitment 2025?

Applicants must complete the prescribed application form and submit it via post to the given address. Additionally, they should email their applications to recruitment@uiic.co.in and hoactuarial@uiic.co.in before the deadline.

Conclusion

The UIIC Recruitment 2025 provides an excellent opportunity for qualified actuaries to contribute to one of India’s leading insurance companies. With an attractive salary, negotiable as per the candidate’s experience, and a chance to work in Chennai, this role offers a promising career path. Interested candidates should ensure they meet all eligibility criteria and submit their applications before 19th February 2025. For more details, refer to the official notification on UIIC’s website.