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Frequently Asked Questions (FAQs)
Is there a bond IRDAI Grade A officers need to serve?
Yes, you need to serve a 3-year long bond when you join IRDAI as a Grade A officer. If you’re unable to serve the bond period, you might attract a monetary fine of around INR 6 lakhs.
Can IRDAI Grade A officers get a house loan?
Yes, IRDIA Grade A officers can avail of home loans at lower interest rates than the market.
Do IRDAI Grade A officers have to interact with the public as a part of their job?
IRDAI Grade A officers don’t deal with retail customers (like in regular banks). However, they may have to personally deal with institutional stakeholders, brokers, or government representatives.
Do IRDAI Grade A officers get opportunities to work abroad?
While you may get to attend business-related seminars in other countries, there isn’t a provision to work aboard as an IRDAI Grade A officer.
Do IRDAI Grade A officers get a pension?
Yes, IRDAI Grade A officers are entitled to a pension post-retirement.
