IRDAI Assistant Manager Notification 2024, Download Notification PDF

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IRDAI Assistant Manager Notification
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IRDAI Assistant Manager Notification

Eager to join IRDAI as Assistant Manager? If yes, download the IRDAI Assistant Manager Notification PDF and check all the important details. Know apply online dates, exam dates, eligibility, and more in IRDAI Assistant Manager Notification 2024.

The Insurance Regulatory and Development Authority of India will release the notification for the post of Assistant Manager soon. Last year, the notification was released on 11th April 2023 and a total of 45 vacancies had been released. It is one of the most demanding jobs. Check out the complete blog on IRDAI Assistant Manager Notification 2024.

IRDAI Assistant Manager Notification 2024

Aspirants will be selected on the basis of Phase I – “Online Preliminary Examination (objective type)” followed by Phase II – “Descriptive Examination” at select centers and Phase III – Interview. The candidates must be between the age of 21 and 30 years to be eligible as of the last date of the application.

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IRDAI Assistant Manager Notification PDF 2024

The IRDAI Assistant Manager Notification 2024 will be released soon and updated here. Last year, in 2023, it was released on the official website on 11th April 2023. The last date to apply for IRDAI Assistant Manager Recruitment was 10th May 2023. The authority has released a total of 45 vacancies which are further bifurcated into various categories. Check out the notification below.

Download IRDAI Assistant Manager Notification 2023

IRDAI Assistant Manager Notification 2024 – Overview

The below table contains the overview of the IRDAI Assistant Manager Exam, Check it out.

ParticularsDetails
Exam NameIRDAI AM (Assistant Manager)
Exam Conducting AuthorityInsurance Regulatory and Development Authority of India (IRDAI)
Post NameAssistant Manager
VacanciesTo be Updated
NotificationTo be Updated
Notification Release DateTo be Updated
Application Start DateTo be Updated
Application End DateTo be Updated
Exam DateTo be Updated
Official WebsiteIRDAI

IRDAI Assistant Manager Notification 2024 – Vacancies

The IRDAI had released the vacancies after a long time. As per the IRDAI Assistant Manager 2023 Notification, a total of 45 vacancies have been released. Check out the bifurcation of IRDAI AM Vacancies below.

Post NameUnreserved
i.e. General
(GEN/UR)		Economically
Weaker
Sections
(EWSs)		Other
Backward
Classes
(OBC)		Scheduled
Castes
(SC)		Scheduled
Tribes
(ST)		Total
Assistant Manager (2024)To be UpdatedTo be UpdatedTo be UpdatedTo be UpdatedTo be UpdatedTo be Updated
Assistant Manager204126345

IRDAI Assistant Manager Notification 2024 – Apply Online Link

The candidates must note that they can apply for the post only within the application registration window. Also note that the direct link to apply for IRDAI Assistant Manager Recruitment is inactive as of now. This will be updated as and when active.

Direct Link to Apply for IRDAI Assistant Manager Recruitment 2024

IRDAI Assistant Manager Notification 2024 – Apply Online Steps

One must be aware on how to fill out IRDAI Assistant Manager Application Form, so we have shared the steps below:

  • Go to the official website of IRDAI.
  • Check IRDAI Assistant Manager Notification 2024.
  • Click on “Apply Here” and fill in the required details.
  • Upload the documents such as signature, photograph, etc.
  • Pay the application fee as applicable according to your category.
  • Submit the application form.

IRDAI Assistant Manager Notification – Application Fee

The candidates who want to apply for the IRDAI must note that their application forms won’t be accepted without the payment of application fees. Check out the expected IRDAI Assistant Manager Application Fee 2024 for different categories below.

CategoryFeeRemarks
SC / ST / PwBDRs.100/-Intimation charges
Other than SC/ST/PwBDRs.750/-Examination fee and Intimation charges

IRDAI Assistant Manager Notification 2024 – Eligibility Criteria

To apply online, the aspirants need to meet all the eligibility as mentioned in IRDAI Assistant Manager Notification 2024. The eligibility is mentioned in terms of age, education, etc.

IRDAI AM Age Limit 2024

The aspirants must note that the reference date for the calculation of the age limit is usually the last date of application process. The maximum and minimum age limit is mentioned below.

Minimum Age Limit: 21 Years
Maximum Age Limit: 30 Years

IRDAI AM Educational Qualification 2024

Check out the table below for the detailed IRDAI Assistant Manager Educational Qualification.

S. No.StreamQualifications required
1ActuarialGraduation with minimum 60% marks and 7 papers passed of IAI as per the 2019 curriculum
2FinanceGraduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA
3LawBachelor’s Degree in Law with minimum 60% marks
4 ITBachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks OR Master in computer application with minimum 60% marks OR Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks
5    ResearchMaster’s Degree or 2-year Post Graduate Diploma in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Statistics/ Mathematical Statistics/Applied Statistics & Informatics with a minimum of 60% marks
6GeneralistGraduation with minimum 60% marks
Related LinksRelated LinksRelated Links
IRDAI Assistant Manager Syllabus IRDAI Assistant Manager Application ProcessIRDAI Assistant Manager Eligibility
IRDAI Assistant Manager SalaryIRDAI Assistant Manager Admit CardIRDAI Assistant Manager Exam Date
IRDAI Assistant Manager ResultIRDAI Assistant Manager Selection ProcessIRDAI Assistant Manager Previous Year Papers

IRDAI Assistant Manager Notification 2024 – Selection Process

The selection process for IRDAI Assistant Manager Recruitment consists of three stages which are:

  • Phase I – Online Preliminary Examination (Objective Type): This is a qualifying examination to be eligible for Phase II – Descriptive Examination.
  • Phase II – Descriptive Paper: It will consist of three papers (Paper 1,2,3).
  • Phase III -Interview

IRDAI Assistant Manager Notification – Exam Pattern 2024

Each phase has a different exam pattern. Check out both phases IRDAI Assistant Manager Exam Pattern below.

IRDAI AM Exam Pattern for Phase 1

Check out the exam pattern below. For the complete paper, a composite time of 90 minutes will be allotted.

Sl. No.Name of Test (Objective)No of QuestionsMaximum Marks
1Test of Reasoning4040
2Test of English Language4040
3Test of General Awareness4040
4Test of Quantitative Aptitude4040
–Total160160

IRDAI AM Exam Pattern for Phase 2

Check out the phase 2 exam pattern below.

Name of PaperType of PaperMarksTime (Minutes)
Paper-I: EnglishDescriptive (Questions will appear on screen and answers have to be written on answer sheets)10060
Paper II: Economic and Social Issues Impacting InsuranceDescriptive (Questions will appear on screen and answers have to be written on answer sheets)10060
Paper-III: Insurance and ManagementDescriptive (Questions will appear on screen and answers have to be written on answer sheets)10060

IRDAI Assistant Manager Syllabus 2024

The aspirants must be very curious to know the detailed syllabus of both phases as this exam will be conducted after a gap of many years. Check out both phases IRDAI Assistant Manager Syllabus in detail below.

IRDAI Assistant Manager Syllabus for Phase 1

Phase 1 consists of 4 subjects which are Reasoning, Quantitative Aptitude, English, and General Awareness. Check out the detailed phase 1 syllabus in the table below.

English LanguageGeneral AwarenessLogical ReasoningQuantitative Aptitude
Reading Comprehension
Spellings
Vocabulary
Word Usage
Antonyms
Synonyms
Error Detection
Cloze Test
Parajumble		Current Events
Current Affairs(National & International)
Budget and Five-Year Plans
Abbreviations
Awards and Honors
Inventions and Discoveries
National & International Organizations
Books and Authors
Major Financial/ Economic News
Sports
Important Days		Visual Memory
Analogy
Problem-Solving
Analysis and Judgement
Similarities
Arithmetical Number Series.
Space Visualization
Differences
Decision-making
Verbal and figure classification
Arithmetical Reasoning		Number System
Simplification & Approximation
Number Series
Quadratic Equation
Ratio & Proportion
Percentage
Problems on Ages
Probability
Time & Work
Time & Distance
Simple Interest
Compound Interest
Average
Profit & Loss
Mixtures & Allegations
Permutation & Combination
Data Sufficiency
Linear Equation
Mensuration
Check IRDAI Assistant Manager Exam Analysis

IRDAI Assistant Manager Syllabus for Phase 2

The candidates must check out the detailed phase 2 IRDAI Assistant Manager Syllabus below:

Paper I – EnglishPaper II – Economic and Social Issues Impacting InsurancePaper III – Insurance and Management
a) Essay;
b) Precis writing;
c) Comprehension and Business/Office Correspondence		a) Economic Growth, business cycles, and insurance penetration, the impact of age
structure on the economy, application of utility theory to insurance premium setting,
macroeconomic factors including catastrophes and pandemics that may impact
insurers and insurance markets;
b) Financial markets, Financial Institutions, and financial services integration and
risks arising from interconnectedness; systemic risk and concentration risk;
c) Economic capital and risk-based capital requirements, the economic impact of risk
transfer arrangements including reinsurance, the contribution of the Insurance sector to
sustainable and responsible development of the economy, Insurance Investments
in the Infrastructure sector;
d) Economic reforms in India leading to Insurance sector reforms, Insurance
regulation – financial and market conduct regulations, functions of IRDAI, the role of
an Actuary, de-tariffing in India, motor business and Indian experience,
changing Insurance Regulations/Laws and FSLRC;
e) Social structure in India, Insurance in rural and social sectors, and obligations of
Insurers thereto, Indian Micro-Insurance experience, Social Security laws, and
implementation thereof. RSBY – Health insurance scheme for Below Poverty
Line (BPL) families.		Part 1 – Insurance
a) History of Indian Insurance, principles of Insurance;
b) Risk and uncertainty, pooling and diversification of risk, Indemnity, and Insurable
interest;
c) Legal foundations of Insurance, basics in Group/Health Insurance/Pensions;
Intermediation: role in mobilizing savings, the evolution of various types and
Bancassurance in India;
d) Functions performed by Insurers: Product design, pricing, distribution,
underwriting, claims, Investment, and Reinsurance;
e) Insurance lines and products: Property-Liability, Life Insurance, and Annuities
and Health Insurance; Liability risks and Insurance, valuation, and Solvency
requirements, Specialist Insurance lines in India – Agricultural and Export Credit
Guarantee; Reinsurance, GIC of India, obligator sessions, and retention of risk
within the Country.
Part 2 – Management
a) Its nature and scope;
b) Management Processes – Planning, Organisation, Staffing, Directing and
Controlling; the role of a Manager in an Organisation;
c) Leadership: The tasks of a leader; leadership styles; leadership theories; A
successful leader versus an effective leader;
d) Human Resource Development- Concept of HRD; Goals of HRD; Career
Planning – Training and Development;
e) Performance Appraisal – Potential appraisal and development – feedback and
performance counseling – rewards – employee welfare;
f) Motivation, Morale, and Incentives: Theories of Motivation; How Managers
Motivate; Concept of Morale; Factors determining morale; Role of Incentives in
Building up Morale;
g) Communication: Steps in the Communication Process; Communication
Channels; Oral versus Written Communication; Verbal versus non-verbal
Communication; upward, downward, and lateral communication; Barriers to
Communication;
h) Role of Information Technology;
i) Corporate Governance: Factors affecting Corporate Governance; Mechanisms
of Corporate Governance.

IRDAI Assistant Manager Salary 2024

The candidates who will be finally selected after the completion of the selection process will receive the pay scale of Rs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years). The gross emoluments that the candidates will receive are Rs. 1,30,000/- per month. The basic pay will start from Rs 44500. 

IRDAI Assistant Manager Notification 2024 FAQs

Q1. Is IRDAI Assistant Manager Notification 2024 Out?

A. No, the notification has not been released yet, but it is expected to be out in April as last year, the notification was released on 11th April 2023.

Q2. What is the last date to apply online for IRDAI Assistant Manager?

A. The last date to apply online for IRDAI Assistant Manager will be notified in the notification.

Q3. How many vacancies have been announced under the IRDA Recruitment 2024?

A. The authority will release the vacancies in the notification but last year, 45 vacancies were released.

Q4. What is the minimum age and maximum age to apply online for IRDAI Assistant Manager?

A. The minimum age limit is 21 Years and the maximum age limit is 30 Years.

Q5. What is the selection process for IRDAI Assistant Manager?

A. The selection process consists of three stages, Phase 1 online exam, Phase 2 descriptive paper, and interview.

Q6. How many papers are included in the IRDAI Assistant Manager descriptive paper?

A. Three papers (Papers 1,2,3) are included in the IRDAI Assistant Manager descriptive paper.

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