IRDAI Assistant Manager Syllabus & Exam Pattern 2024 for Phase 1 & Phase 2

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IRDAI Assistant Manager Syllabus

Want to Prepare for the IRDAI Exam? Well, we have completely covered the IRDAI Assistant Manager Syllabus and exam pattern for prelims & mains in this blog. For detailed information about IRDAI Assistant Manager Syllabus & Exam Pattern 2024 go through the entire blog.

The IRDAI Assistant Manager Syllabus for 2024 will be released along with the notification. Candidates who are interested in applying for this post should be well aware of the syllabus and exam pattern to prepare well for the exam.

For Phase 1, IRDAI Assistant Manager Syllabus 2024 will consist of four subjects: Reasoning, English Language, Quantitative Aptitude, and General Awareness. The exam will be conducted in online mode, and the duration of the exam will be 90 minutes. The total marks for the exam will be 160.
For Phase 2, three papers will be conducted. All these papers are extremely important as the marks scored by the candidates in Phase 2 will be considered for the final selection.

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IRDAI Assistant Manager Exam Pattern 2024

The IRDAI Assistant Manager Exam consists of three stages: Phase I, Phase II, and Interview. Candidates must clear each stage to move on to the next stage. Let us take a look at each stage in detail.

IRDAI Assistant Manager Exam Pattern 2024 – Phase 1

The Phase-I exam consists of an online test with multiple-choice questions. The paper will be set in both Hindi & English Languages. The duration of the exam is 90 minutes, and the maximum marks are 160. There will be a negative marking of 1/4th. The questions are divided into four sections:

Section	No of Questions	Maximum Marks
English Language	40	40
Reasoning Ability	40	40
Quantitative Aptitude	40	40
General Awareness	40	40
Total	160	160

A candidate has to qualify in each of the four Objective Tests separately and also
in aggregate as per the cut-off marks for each test and in the aggregate to be decided by
IRDAI. Separate cut-offs may also be applied for each of the specialized streams and
General stream.

IRDAI Assistant Manager Exam Pattern 2024 – Phase 2

The Phase II exam consists of three papers: Paper I, Paper II, and Paper III. All three papers will be Descriptive (Questions will appear on screen and answers have to be written on answer sheets).

Paper-I: The duration of Paper-I is 1 hour, and the maximum marks are 100. The questions are based on the English language.

Paper-II: The duration of Paper-II is 1 hour, and the maximum marks are 100. The questions are divided into Economic and Social Issues impacting Insurance.

Paper III: This section will be based on Insurance and Management. The duration will be 60 minutes/1 hour and the maximum marks are 100.

Tests will be in English and Hindi (except Test of English Language which will be provided only in English).

Interview

Candidates who will clear all three papers of Phase II will then appear in the interview. Final selection will be on the basis of the candidate’s performance in Phase II -Descriptive Examination and Interview taken together (combined score) in order of merit.

Important Points to Remember:

The weightage of Phase II – Descriptive Examination and Interview will be 85:15.
The final merit list will be prepared based on the candidate’s performance in Phase II and the interview.

Candidates interested in applying for the IRDAI Assistant Manager Exam must know the exam pattern in detail. The exam is a three-stage process, with each stage being equally important. Candidates who will clear all three stages and whose merit score will be good when taking Phase 2 & Interviews together will get the IRDAI Assistant Manager post. Candidates should prepare themselves accordingly and focus on each section to score well in the exam.

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IRDAI Assitant Manager Syllabus 2024

Check out the detailed syllabus for both phases in the below subsections.

IRDAI Assistant Manager Syllabus 2024 – Phase 1

Let’s take a closer look at the IRDAI Assistant Manager Syllabus 2024.

Reasoning

The reasoning section will test the candidate’s ability to solve problems and make logical deductions. The topics that will be covered in this section are:

Analogy
Coding and Decoding
Puzzle Test
Classification
Series
Blood Relations
Direction Sense Test
Logical Venn Diagrams
Alphabet Test
Ranking and Time Sequence Test
Number, Ranking, and Time Sequence Test
Causes and Effects
Analytical Reasoning

English Language

The English language section will test the candidate’s understanding of the language and its usage. The topics in this section are:

Synonyms and Antonyms
Idioms and Phrases
Spotting Errors
Reading Comprehension
Fill in the Blanks
One Word Substitution
Sentence Correction
Spellings

Quantitative Aptitude

The quantitative aptitude section will test the candidate’s ability to solve numerical problems. The topics in this section are:

Number Systems
Simplification
Ratio and Proportion
Percentage
Profit and Loss
Time and Work
Time and Distance
Simple and Compound Interest
Data Interpretation
Permutation and Combination
Probability
Mensuration

General Awareness

The general awareness section will test the candidate’s knowledge of current events and general knowledge. The topics in this section are:

History
Polity
Economy
Geography
Science and Technology
Current Affairs (National and International)
Sports
Awards and Honours

Candidates should note that there will be negative markings for wrong answers. For every wrong answer, there will be a negative marking for 1/4th of the marks allotted for that question.

The IRDAI Assistant Manager Syllabus 2024 tests the candidate’s knowledge and understanding of various fields. Candidates should prepare well and practice regularly to score well in the exam. A detailed understanding of the syllabus will help the candidates to focus on the important topics and prepare accordingly.

IRDAI Assistant Manager Syllabus 2024 – Phase 2

Check out the detailed syllabus for Phase 2 in the following subsections:

Paper I – English

a) Essay;
b) Precis writing;
c) Comprehension and Business/Office Correspondence

Paper II – Economic and Social Issues Impacting Insurance

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 the 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, obligations of Insurers thereto, Indian Micro-Insurance experience, Social Security laws, and implementation thereof. RSBY – Health insurance scheme for Below Poverty Line (BPL) families.

Paper III – Insurance and Management

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.

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IRDAI Assistant Manager Syllabus & Exam Pattern 2024 – FAQs

Q1. What is the IRDAI Assistant Manager Syllabus 2024?

The IRDAI Assistant Manager Syllabus 2024 outlines the topics that will be covered in the recruitment exam, including subjects like English, Reasoning, General Awareness, and Quantitative Aptitude.

Q2. How can I access the IRDAI Assistant Manager Syllabus 2024?

The IRDAI Assistant Manager Syllabus 2024 is available on the official IRDAI website. You can download it from there or refer to the official recruitment notification. You can also check the detailed syllabus in this blog.

Q3. Is IRDAI Assistant Manager Phase 1 Exam qualifying in nature?

Yes, the IRDAI Assistant Manager Phase 1 Exam is qualifying in nature. Those who will qualify the Phase 1 Exam will be able to sit for the Phase 2 Exam.

Q4. What is the syllabus of the English section in Phase 2?

The syllabus of English includes Essay Writing, Precis Writing, and Comprehension.

Q5. What is the mode of the IRDAI Assistant Manager Exam?

The exam is conducted in an online (computer-based) mode.

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Saloni Singhal

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