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IRDAI Assistant Manager 2017: Selection Procedure, Job Profile & Salary

 

The Insurance Regulatory and Development Authority of India (IRDAI) invites applications from eligible candidates for the recruitment of Assistant Managers.

In the following article, we are providing you details of the IRDAI Assistant Manager Exam dates, vacancies, selection procedure, exam pattern, etc.

 

IRDAI Assistant Manager: Vacancies
UR/Gen OBC SC ST Total
16 7 4 3 30

 

IRDAI Assistant Manager Exam: Important Dates (tentative)
Particular Date
Online Application Dates 15th Aug to 5th Sept 2017
Phase-1 Online Prelim Exam (Objective type) 4th Oct 2017

 

Date of conduct of Phase-2 exam will be communicated later.

 

IRDAI Assistant Manager: Exam Pattern, Eligibility, Vacancies, Dates, Job Profile, Salary 2017

 

IRDAI Assistant Manager: Eligibility Criteria
Age: (as on 5th Sept 2017)

21 to 30 years

Candidates should have been born not earlier than 6th Sept 1987 and not later than 5th Sept 1996 (both dates inclusive)

Age relaxation:

SC/ST: 5 years

OBC: 3 years

PwD: 10 years

 

Educational Qualification
Specialization No of posts Qualification required
Actuarial 4 Graduate (60% marks), & pass in 9 papers of IAI Exam
Accounts 4 Graduate (60% marks), & ACA/AICWA/ ACMA/ACS/CFA
Legal 2 Graduate (60% marks) & LLB (60% marks)
General 20 Graduate (60% marks)

 

IRDAI Assistant Manager: Selection Process
Phase-1: Online Prelim Exam (Objective type)
Name of the section No of questions Max marks Duration
Reasoning 40 40 90 mins
English Language 40 40
General Awareness 40 40
Quantitative Aptitude 40 40
Total 160 160

 

Candidates have to qualify in each section separately and in aggregate as per cut off marks of each section & aggregate decided by IRDAI.

Negative marking: 1/4th mark will be deducted for every wrong answer.

Phase-1 is a qualifying paper. Marks obtained in Phase-1 will not be counted for interview or final selection. The exam will be bilingual (i.e., Hindi/English), except the English Language section.

 

Phase-2: Descriptive Exam
Name of the section Max marks Duration Type
English 100 60 mins Descriptive: Question papers will be displayed on computer; to be written using pen and paper.
Economic and Social Issues impacting insurance 100 60 mins
Insurance and Management 100 60 mins

 

Phase-3: Interview

Candidates will be shortlisted for interview based on aggregate marks obtained in the three sections of Phase-1 (descriptive exam).

The final selection will be on the basis of candidates performance in Phase-2 (descriptive exam) and interview.

 

IRDAI Assistant Manager: Application fees

SC/ST/PwD/ExSM: Rs.100/-

Others: Rs.650/-

 

Click here to apply: IRDAI Assistant Manager Application Link

 

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IRDAI Assistant Manager 2017: Exam Vacancies, Eligibility, Pattern, Dates, Job Profile, Salary

 

IRDAI Assistant Manager: Salary & Perks

IRDAI Assistant Managers get a starting basic pay of 28,150/- per month.

Initial monthly gross emoluments: 81,000/-

Perks: Dearness allowance, House rent allowance, City compensatory allowance, Grade allowance, Reimbursement of expenses, Leave travel concession, Loans at concessional rate of interest, etc.

 

IRDAI Assistant Manager: Roles & Responsibilities

Following are some of the responsibilities of an Assistant Manager in IRDAI:

  • Interacting with existing and potential clients
  • Formulating new schemes
  • Inspecting policies
  • Internal communications about policies & schemes
  • Executing other tasks delegated by senior authorities

 

IRDAI Assistant Manager: Posting, Transfers & Career

After selection, Assistant Managers will have to undergo a probation of 1 year (which can be extended; maximum 2 years). Posting can be done in any office of IRDAI. The candidates are liable to be transferred from one department or office to another during any time in their career.

There are reasonable prospects for promotion to higher grades.

 

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We wish you all the very best!