AIC Appointed Actuary Recruitment 2026

About This Job

AIC has released notification for 1 Appointed Actuary post on full-time contractual basis. Candidates who hold Fellow membership of the Institute of Actuaries of India (IAI) with at least 9 years of experience in General Insurance can apply via email. Last date to apply is 08 April 2026. Salary will be decided based on your qualifications and experience. The posting is at Head Office, New Delhi.

Agriculture Insurance Company of India Limited (AIC) Appointed Actuary Recruitment 2026 - 1 Post

Agriculture Insurance Company of India Limited (AIC), a Government of India enterprise promoted by 6 public sector organisations, is looking for a qualified Appointed Actuary to join their team at their New Delhi head office. AIC is the largest crop insurance company in India and has been expanding into allied agriculture insurance products. This is a senior-level contractual engagement that requires IRDAI approval after selection. If you are an experienced actuary with deep expertise in general insurance, this could be a high-impact role at one of India's most important agricultural institutions.

Who Can Apply?

• Qualification: You must be a Fellow member of the Institute of Actuaries of India (IAI) under the Actuaries Act, 2006.
• Certificate of Practice: You need a valid Certificate of Practice (CoP) from IAI. If you do not have one at the time of applying, you can submit an undertaking to get it later if selected.
• General Insurance Experience: At least 9 years in General Insurance, with a minimum of 4 years post-fellowship experience.
• Specialist Subject Concession: If you have passed the Specialist Application or Specialist Advanced level subject (SA3) in General Insurance from IAI or an institute with Mutual Recognition Agreement, the experience requirement drops by 2 years.
• Statutory Valuation Experience: At least 2 years post-fellowship experience in preparation or review of annual statutory valuation or product pricing for an Indian General Insurer, Indian Reinsurer, or Foreign Reinsurer's Branch (FRB) in India.
• Management Experience: Minimum 3 years in a middle or senior level management role.
• Residency: You must be ordinarily resident in India.
• Clean Record: No professional or other misconduct. You will need to submit a declaration confirming this.
• Exclusivity: After appointment, you cannot serve as Appointed Actuary for any other insurer or work in any other capacity in the insurance industry.

Age Limit

• Maximum age: 65 years as on 01 March 2026.

Salary

• Salary is commensurate with qualification and experience.
• You will need to mention your current annual CTC and salary expectation in the application.
• Being a senior-level actuarial role at a government insurance company, the compensation package is expected to be competitive in the insurance sector.

Application Fee

• No application fee has been mentioned in the official notification.

Selection Process

The selection will be done in 2 stages:

1. Shortlisting: Based on your application details, qualifications, and experience as per the prescribed format. Only candidates who meet all eligibility criteria and provide complete documentation will be shortlisted.
2. Personal Interview: Shortlisted candidates will be called for a personal interview. The company reserves the right to limit the number of interview candidates.

Note: The final appointment is subject to approval from IRDAI (Insurance Regulatory and Development Authority of India).

How to Apply

1. Read the official notification carefully and download the application format.
2. Fill in the prescribed Application Format with all your details.
3. Prepare Annexure-I (IRDAI compliance declaration), Annexure-II (CoP undertaking, if applicable), and Annexure-III (misconduct declaration).
4. Attach self-attested copies of all supporting documents: Fellowship certificate, CoP, experience certificates, educational qualifications, SA3 certificate (if applicable), and recent passport-size photograph.
5. Include your current CTC details and last salary slip along with your salary expectation for this role.
6. Send the complete application via email to recruitment@aicofindia.com with the subject line "Application for the post of Appointed Actuary".
7. Make sure to send the email before 08 April 2026.
8. Keep a copy of the sent email for your records.

Important Dates

• Notification Date: 17 March 2026
• Application Start Date: 17 March 2026
• Last Date to Apply (via Email): 08 April 2026
• Interview Date: To be announced

• Conduct actuarial valuation of liabilities and assets of the insurer as per IRDAI regulations
• Provide actuarial advice to management on product design, pricing, insurance contract wording, investments, and reinsurance
• Monitor and identify risks across the company's insurance portfolio
• Certify claims reserves including IBNR, IBNER, and premium deficiency reserves using actuarial principles
• Ensure overall pricing policy aligns with the company's underwriting and claims management strategy
• Assess adequacy of reinsurance arrangements and contribute to the risk management system
• Prepare statutory certifications and comply with all IRDAI directions and reporting requirements
• Inform the Board about the reliability and adequacy of reserves and coordinate reserve calculations