IRDAI Assistant Manager Salary 2024, Pay Slip, Structure, Benefits & More

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IRDAI Assistant Manager Salary

One of the most asked questions is how much is IRDAI Assistant Manager Salary? Where can we see IRDAI Assistant Manager Salary Slip? What is the IRDAI Assistant Manager Salary Structure? Well, we have covered all the important information in this blog.

IRDAI Assistant Manager Salary is credited after including various allowances to the basic pay. The aspirants who will be appointed under IRDAI Assistant Manager Recruitment must note that their basic pay will be Rs 44500. The pay scale for IRDAI Assistant Managers is Rs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years).

IRDAI Assistant Manager Salary 2024

Check out the overview of IRDAI Assistant Manager Salary below.

IRDAI Grade A Basic PayRs 44500
IRDAI Grade A Pay ScaleRs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years)
IRDAI Grade A AllowancesDearness Allowance, House Rent Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance and other perquisites as approved from time to time.
IRDAI Grade A Gross EmolumentsRs. 1,30,000/- per month 
Official WebsiteIRDAI

Note: Selected candidates will be governed by the defined contribution New Pension Scheme (NPS)

IRDAI Assistant Manager Allowances & Benefits

The allowances which the candidates get apart from the IRDAI Assistant Manager Salary when appointed as Assistant Managers are given below.

Candidates selected from for all streams will be placed in the Common Seniority and the seniority among these Officers will be fixed according to the ranking obtained by selected candidates.

IRDAI Assistant Manager Salary Structure 2024

The IRDAI Assistant Manager Salary is quite lucrative and impressive. The aspirants who will start their careers or join as IRDAI Assistant Managers will be enjoying several benefits. The basic salary will start from Rs 44500. For the detailed IRDAI Assistant Manager Salary Structure, the aspirants must check out the table given below:

Time PeriodBasic Pay (in Rs)Increment (in Rs)
Starting PayRs 44500Rs 2500 every year
After 4 YearsRs.54500Rs. 2850 every year 
After 7 YearsRs 74450Rs. 2850 every year
After 11 YearsRs 85850Rs. 3300 every year
After 12 Years to 17 yearsRs 89150 (Maximum Pay)
Related LinksRelated LinksRelated Links
IRDAI Assistant Manager NotificationIRDAI Assistant Manager Application ProcessIRDAI Assistant Manager Eligibility
IRDAI Assistant Manager SyllabusIRDAI Assistant Manager Admit CardIRDAI Assistant Manager Exam Date
IRDAI Assistant Manager ResultIRDAI Assistant Manager Selection ProcessIRDAI Assistant Manager Previous Year Papers

IRDAI Assistant Manager Probation Period & Career Growth

Every candidate wants to have growth in their career therefore it is very important to know what is the scope of career growth in the organization where the candidate will be appointed. The aspirants must note that they will be first appointed for a probationary period of 1 year which can be extended.

The total period of probation shall be a maximum of two years from the date of joining the service. There are reasonable prospects for promotion to higher grades. The posting of the selected candidates can be in any of the Offices of IRDAI and they are liable to be transferred from one Department/Office to another during their period of service in IRDAI.

IRDAI Assistant Manager Pay Scale 2024

Check out the pay scale as per the IRDAI Assistant Manager Notification in the table below:

Post NamePayScale
Assitant Manager/ Grade A44500-2500(4)54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150(17 years)

IRDAI Assistant Manager Salary Slip 2024

Well, as of now the 2024 IRDAI Assistant Manager Salary Slip is not available. We will update the slip here as and when we receive it.

IRDAI Assistant Manager Job Profile 2024

The job profile of an IRDAI (Insurance Regulatory and Development Authority of India) Assistant Manager is a role that involves various responsibilities related to the regulation and development of the insurance industry in India. IRDAI is the regulatory body that oversees the functioning of insurance companies, ensures compliance with regulations, and promotes the growth and stability of the insurance sector in the country. An Assistant Manager at IRDAI plays a crucial role in assisting with these regulatory and developmental functions. Here are the key aspects of the job profile:

  1. Regulatory Compliance: Assistant Managers at IRDAI are responsible for monitoring and ensuring that insurance companies adhere to the regulations and guidelines set by the authority. This involves reviewing and analyzing various reports, documents, and data provided by insurance companies to ensure that they are operating within the legal framework.
  2. Licensing and Approvals: Assistant Managers handle the process of granting licenses to new insurance companies and approving various insurance products and policies. This involves evaluating applications, conducting due diligence, and making recommendations based on the company’s financial stability, business plan, and compliance with regulations.
  3. Market Research and Analysis: Assistant Managers may be involved in conducting research and analysis of the insurance market. This could include studying trends, identifying gaps in the market, and suggesting measures to enhance the industry’s performance and competitiveness.
  4. Consumer Protection: Ensuring consumer protection is a significant aspect of the role. Assistant Managers work to safeguard the interests of policyholders by addressing grievances and complaints against insurance companies, investigating cases of mis-selling, and promoting transparency in insurance transactions.
  5. Policy Development: Assistant Managers may contribute to the development of new policies and regulations to address emerging challenges and opportunities in the insurance sector. This could involve collaborating with different departments within IRDAI, stakeholders from the insurance industry, and other relevant entities.
  6. Stakeholder Engagement: Assistant Managers interact with various stakeholders, including insurance companies, intermediaries, and industry associations. They may participate in meetings, workshops, and seminars to discuss industry developments, regulatory changes, and emerging issues.
  7. Training and Awareness: Assistant Managers may be involved in creating and delivering training programs and awareness campaigns for insurance companies, intermediaries, and consumers. These initiatives aim to educate stakeholders about regulatory changes, ethical practices, and industry best practices.
  8. Data Analysis: Analyzing data related to insurance operations, financial performance, and market trends is an essential aspect of the role. Assistant Managers use data-driven insights to assess the overall health of the insurance industry and to make informed decisions.
  9. Policy Interpretation: Assistant Managers help interpret and clarify regulatory policies and guidelines for insurance companies and other stakeholders. They provide guidance on how to interpret and apply these regulations in practice.
  10. Coordination: Assistant Managers collaborate with other departments within IRDAI to ensure smooth functioning of the regulatory processes. They might also work on cross-functional projects and initiatives to drive the growth and development of the insurance sector.

How Can We Prepare for the IRDAI Assistant Manager Exam 2024?

Well, to crack the IRDAI Assistant Manager Exam you need to have a structured way of preparation. For the systematic and best preparation, we have come up with 2 plans which you can find by clicking on the link below:

Check out IRDAI Assistant Manager Plans

  1. IRDAI Assisant Manager Test Plan
  2. IRDAI Assistant Manager Complete Plan

The validity of both these plans is the end of the IRDAI 2024 Phase 2 Exam.

IRDAI Assistant Manager Salary, Allowances & Job Profile FAQs

Q1. What is the basic pay of an IRDAI Assistant Manager?

The basic IRDAI Grade A Salary is Rs 44500.

Q2. What are the gross emoluments that a candidate gets per month?

The gross emoluments that the candidate gets are Rs 1,30,000 per month.

Q3. What are the IRDAI Assistant Manager perks & allowances?

There are several allowances including Dearness Allowance, House Rent Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance, and other perquisites as approved from time to time., etc

Q4. Where will the candidates appointed as IRDAI Assistant Manager be posted after selection?

The candidates can be posted anywhere in India or abroad where IRDAI has its offices.

Q5. What is the range of IRDAI Grade A Salary?

The range for IRDAI Assistant Manager Salary is from Rs 44500 to Rs 89150.

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