Want to Prepare for the IRDAI Exam? Well, we have completely covered the IRDAI Assistant Manager Syllabus and exam pattern for both prelims & mains in this blog. For detailed information about IRDAI Assistant Manager Syllabus & Exam Pattern 2024 go through the entire blog.
IRDAI Assistant Manager Syllabus & Exam Pattern
The IRDAI Assistant Manager Syllabus had been released along with the detailed notification that was out on 21st August 2024. 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.
IRDAI Assistant Manager Syllabus
Check out the points mentioned below to know the IRDAI Assistant Manager Exam Pattern & Syllabus.
- 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. To give your preparation a boost, download IRDAI Assistant Manager PYQs.
IRDAI Assistant Manager Syllabus Overview
We have provided a brief overview of IRDAI Assistant Manager Syllabus & Exam Pattern in the table below, go through it:
| Particulars | Details |
| Organization | Insurance Regulatory and Development Authority of India (IRDAI) |
| Exam Name | IRDAI Assistant Manager (Grade A) |
| Vacancies | 97 |
| Category | Syllabus & Exam Pattern |
| Syllabus & Exam Pattern Status | Released |
| Selection Process | Phase 1, Phase 2 & Interview |
| Official Website | IRDAI |
IRDAI Assistant Manager Exam Pattern
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 MCQs. 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:
| Sections | 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) in nature. Tests will be in English and Hindi (except Test of English Language which will be provided only in English).
| Section | Duration | Maximum Marks |
| English Language | 60 minutes | 100 |
| ESI impacting Insurance | 60 minutes | 100 |
| Insurance and Management | 60 minutes | 100 |
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 Exam and Interview taken together (combined score) in order of merit.
Check out IRDAI Assistant Manager Courses
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.
IRDAI Assistant Manager Syllabus – Phase 1
Let’s take a closer look at the IRDAI Assistant Manager Syllabus 2024 for Phase 1.
IRDAI Assistant Manager Reasoning Syllabus
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
IRDAI Assistant Manager English Syllabus
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
IRDAI Assistant Manager Quantitative Aptitude Syllabus
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
IRDAI Assistant Manager General Awareness Syllabus
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.
IRDAI Assistant Manager Syllabus 2024 – Phase 2
Check out the detailed syllabus for Phase 2 in the following subsections:
Paper I – English
The English section is descriptive in nature. Below is the phase 2 syllabus for English language:
a) Essay;
b) Precis writing;
c) Comprehension and Business/Office Correspondence
Paper II – Economic and Social Issues Impacting Insurance
Below is the IRDAI Assistant Manager Syllabus for ESI Impacting Insurance:
| IRDAI Assistant Manager Syllabus for ESI Impacting Insurance |
| 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 |
| Financial markets, Financial Institutions, and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk |
| 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 |
| 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 |
| 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
Below is the IRDAI Assistant Manager Syllabus for Insurance:
| IRDAI Assistant Manager Syllabus for Insurance |
| History of Indian Insurance, principles of Insurance |
| Risk and uncertainty, pooling and diversification of risk, Indemnity, and Insurable interest |
| Legal foundations of Insurance, basics in Group/ Health Insurance/ Pensions; Intermediation: role in mobilizing savings, the evolution of various types and Bancassurance in India |
| Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment, and Reinsurance |
| 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 |
The Paper 3 consists of two sections i.e. Insurance and Management. The syllabus for Insurance section has already been shared above and the syllabus for management section is shared in the table below:
| IRDAI Assistant Manager Syllabus for Management |
| Its nature and scope |
| Management Processes – Planning, Organisation, Staffing, Directing and Controlling; the role of a Manager in an Organisation |
| Leadership: The tasks of a leader; leadership styles; leadership theories; A successful leader versus an effective leader |
| Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development |
| Performance Appraisal – Potential appraisal and development – feedback and performance counseling – rewards – employee welfare |
| Motivation, Morale, and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining Morale; Role of Incentives in Building up Morale |
| 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 |
| Role of Information Technology |
| Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance |
IRDAI Assistant Manager Syllabus & Exam Pattern 2024 – FAQs
The IRDAI Assistant Manager Syllabus 2024 includes the topics that will be covered in the recruitment exam, including subjects like English, Reasoning, General Awareness, and Quantitative Aptitude.
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.
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.
The syllabus of English includes Essay Writing, Precis Writing, and Comprehension.
The exam is conducted in an online computer based mode.
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