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.
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.
IRDAI Assistant Manager Notification 2024 – Overview
The below table contains the overview of the IRDAI Assistant Manager Exam, Check it out.
|Exam Name||IRDAI AM (Assistant Manager)|
|Exam Conducting Authority||Insurance Regulatory and Development Authority of India (IRDAI)|
|Post Name||Assistant Manager|
|Vacancies||To be Updated|
|Notification||To be Updated|
|Notification Release Date||To be Updated|
|Application Start Date||To be Updated|
|Application End Date||To be Updated|
|Exam Date||To be Updated|
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.
|Assistant Manager (2024)||To be Updated||To be Updated||To be Updated||To be Updated||To be Updated||To be Updated|
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.
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.
|SC / ST / PwBD||Rs.100/-||Intimation charges|
|Other than SC/ST/PwBD||Rs.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.||Stream||Qualifications required|
|1||Actuarial||Graduation with minimum 60% marks and 7 papers passed of IAI as per the 2019 curriculum|
|2||Finance||Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA|
|3||Law||Bachelor’s Degree in Law with minimum 60% marks|
|4||IT||Bachelor’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||Research||Master’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|
|6||Generalist||Graduation with minimum 60% marks|
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 Questions||Maximum Marks|
|1||Test of Reasoning||40||40|
|2||Test of English Language||40||40|
|3||Test of General Awareness||40||40|
|4||Test of Quantitative Aptitude||40||40|
IRDAI AM Exam Pattern for Phase 2
Check out the phase 2 exam pattern below.
|Name of Paper||Type of Paper||Marks||Time (Minutes)|
|Paper-I: English||Descriptive (Questions will appear on screen and answers have to be written on answer sheets)||100||60|
|Paper II: Economic and Social Issues Impacting Insurance||Descriptive (Questions will appear on screen and answers have to be written on answer sheets)||100||60|
|Paper-III: Insurance and Management||Descriptive (Questions will appear on screen and answers have to be written on answer sheets)||100||60|
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 Language||General Awareness||Logical Reasoning||Quantitative Aptitude|
Current Affairs(National & International)
Budget and Five-Year Plans
Awards and Honors
Inventions and Discoveries
National & International Organizations
Books and Authors
Major Financial/ Economic News
Analysis and Judgement
Arithmetical Number Series.
Verbal and figure classification
Simplification & Approximation
Ratio & Proportion
Problems on Ages
Time & Work
Time & Distance
Profit & Loss
Mixtures & Allegations
Permutation & Combination
IRDAI Assistant Manager Syllabus for Phase 2
The candidates must check out the detailed phase 2 IRDAI Assistant Manager Syllabus below:
|Paper I – English||Paper II – Economic and Social Issues Impacting Insurance||Paper III – Insurance and Management|
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
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
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
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.
A. The last date to apply online for IRDAI Assistant Manager will be notified in the notification.
A. The authority will release the vacancies in the notification but last year, 45 vacancies were released.
A. The minimum age limit is 21 Years and the maximum age limit is 30 Years.
A. The selection process consists of three stages, Phase 1 online exam, Phase 2 descriptive paper, and interview.
A. Three papers (Papers 1,2,3) are included in the IRDAI Assistant Manager descriptive paper.
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