IRDAI Assistant Manager Recruitment 2024: The Insurance Regulatory and Development Authority of India (IRDAI) has announced openings for Assistant Managers. They’re looking to fill 49 positions across various fields, including Actuarial, Generalist, Research, IT, Law, and Finance. To apply, you’ll need to go through a prelims exam, a descriptive mains exam, and an interview.
Online registration for the IRDAI Recruitment 2024 started on August 21, 2024, and you can sign up at IRDAI’s official website. For more details on eligibility, the selection process, exam pattern, salary, and other important information, check out the full article.
IRDAI Assistant Manager Recruitment 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has announced the IRDAI Assistant Manager 2024 recruitment for Grade A positions. This hiring process will fill roles at IRDAI’s branch offices. To get selected, candidates need to pass three stages: Prelims, Mains, and an Interview.
Each stage has specific cut-off marks that must be met. If you’re chosen, you’ll earn between Rs. 44,400 and Rs. 89,150 per month. It’s a challenging job, but passing the IRDAI Exam will open doors to working with the key regulator in the insurance industry.
Highlights
| Detail | Description |
|---|---|
| Organization | Insurance Regulatory and Development Authority of India (IRDAI) |
| Position | Assistant Manager (AM) |
| Number of Jobs | 49 |
| Job Advertisement Number | HR/Recruitment/August/2024 |
| Job Type | Government |
| How to Apply | Online |
| Application Dates | August 21 to September 20, 2024 |
| Selection Process | Phase 1: Online Exam Phase 2: Descriptive Exam Phase 3: Interview |
| Salary | Rs. 44,500 to Rs. 89,150 |
| Website | www.irdai.gov.in |
Important Dates
| Event | Date |
|---|---|
| IRDAI Notification 2024 | August 21, 2024 |
| Start Date for IRDAI Assistant Manager Online Application | August 21, 2024 |
| Deadline to Apply Online | September 20, 2024 |
| Deadline to Pay the Application Fee | September 20, 2024 |
| Last Day to Print Your Application | October 5, 2024 |
| IRDAI Assistant Manager Exam Date | To be announced |
Eligibility Criteria
| Post Name | Vacancies | Qualification |
|---|---|---|
| AM (Generalist) | 24 | Graduation with 60% marks |
| AM (Actuarial) | 5 | Graduation with 60% marks + 7 papers passed of IAI |
| AM (Finance) | 5 | Graduation with 60% marks + ACA/AICWA/ACMA/ACS/CFA |
| AM (Law) | 5 | Degree in Law (LLB) with 60% marks |
| AM (IT) | 5 | B.Tech or PG in CS/IT/EE/ECE with 60% marks |
| AM (Research) | 5 | PG in Economics/Statistics with 60% marks |
Age Limit
| Aspect | Details |
|---|---|
| Age Range | 21 to 30 years old |
| Important Date | September 20, 2024 |
| Age Relaxation | Provided as per the rules if applicable |
Application Fee
| Category | Application Fee |
|---|---|
| SC, ST, and PWD | Rs. 100 |
| All other categories | Rs. 750 |
Note: The fee must be paid online.
Salary
| Post Name | Salary | Monthly Gross Emoluments |
|---|---|---|
| Assistant Manager | Rs. 44,500 to Rs. 89,150 | Approximately Rs. 1,46,000 |
Selection Process
The IRDAI Assistant Manager Recruitment 2024 has several steps in its selection process:
| Step | Description |
|---|---|
| Prelims Written Exam | The first exam you’ll need to pass. |
| Mains Written Exam | A more detailed exam that follows. |
| Interview | A face-to-face conversation to assess suitability. |
| Document Verification | Checking your documents to confirm eligibility. |
| Medical Examination | A health check to ensure you meet the standards. |
How to apply for IRDAI Assistant Manager Recruitment 2024?
To apply for the IRDAI Assistant Manager position for 2024, follow these steps on the IRDAI official website:
- Go to the IRDAI website at www.irdai.gov.in.
- Click on “Careers” and then “Notifications/Vacancies” on the homepage.
- Hit the “Apply” link, and fill in your details, email address, and mobile number.
- After registering, you’ll get a provisional registration number and password. Make sure to write these down.
- Log in using your registration number and password.
- Complete the application by providing your academic and personal information.
- Upload your scanned photograph and signature as required.
- Pay the application fee online.
- Download and save your completed IRDAI application form for future use.
Exam Pattern
Three phases will comprise the IRDAI Assistant Manager Exam 2024: Phase 1 (online exam), Phase 2 (descriptive exam), and Phase 3 (interview). Knowing the exam pattern is crucial for anyone preparing for the test. Here’s a simple breakdown of what to expect in the first two phases:
Phase 1: Prelims Exam
| Test | No. of Questions | Maximum Marks | Time Duration |
|---|---|---|---|
| Reasoning | 40 | 40 | 90 minutes |
| English Language | 40 | 40 | |
| General Awareness | 40 | 40 | |
| Quantitative Aptitude | 40 | 40 | |
| Total | 160 | 160 |
- Negative Marking: 1/4 mark for each wrong answer
- Language: Bilingual (English and Hindi)
- Nature: Qualifying
Phase 2: Mains Exam
| Paper | Subject | Total Marks | Time Duration |
|---|---|---|---|
| Paper 1 | English | 100 | 60 minutes |
| Paper 2 | Economic and Social Issues Impacting Insurance | 100 | 60 minutes |
| Paper 3 | Insurance and Management | 100 | 60 minutes |
Syllabus
| Phase | Subject | Topics Covered |
|---|---|---|
| Phase I | Reasoning | – Seating Arrangements – Puzzles – Direction Sense – Syllogism – Blood Relations – Coding-Decoding – Order and Ranking – Inequalities – Alpha-Numeric-Symbol Series – Machine Input-Output – Data Sufficiency – Logical Reasoning (e.g., Passage Inference, Statements, Assumptions) |
| English Language | – Reading Comprehension – Fillers – Sentence Improvement – Jumbled Paragraphs – Phrase Replacement/Correction – Matching Columns – Word Swaps – Idioms – Vocabulary – Error Detection – Cloze Test | |
| Quantitative Aptitude | – Simplification/Approximation – Number Series (Missing/Wrong) – Quadratic Equations – Data Interpretation – Data Sufficiency – Quantity Comparison – Arithmetic (e.g., Ratios, Percentages, Ages, Probability, Time & Work, Simple and Compound Interest, Profit & Loss) | |
| General Awareness | – Current Events (National & International) – Budget – Awards and Honors – Science & Technology News – Major Financial/Economic News – Government Schemes – Banking & Financial Awareness – Important Appointments – Important Days | |
| Phase II | Descriptive English | – Essay Writing – Precis Writing – Comprehension and Business/Office Correspondence |
| Economic and Social Issues Impacting Insurance | – Economic Growth and Insurance Penetration – Impact of Demographics on the Economy – Risk Transfer Arrangements (e.g., Reinsurance) – Economic Reforms and Insurance Regulations in India – Social Security Laws and Micro-Insurance | |
| Insurance and Management | Part 1: Insurance – History and Principles of Insurance – Risk Management – Legal Aspects of Insurance – Insurance Functions (e.g., Product Design, Underwriting, Claims) – Types of Insurance (e.g., Property, Life, Health) – Specialized Insurance Lines (e.g., Agricultural, Export Credit Guarantee) Part 2: Management – Basics of Management (Planning, Organizing, etc.) – Leadership Styles and Theories – Human Resource Development (Career Planning, Performance Appraisal) – Motivation, Morale, and Incentives – Communication (Processes, Channels, Barriers) – Role of Information Technology – Corporate Governance |
Conclusion
The IRDAI Assistant Manager Recruitment 2024 presents a significant opportunity for candidates interested in a career in insurance and management. With a comprehensive syllabus covering Reasoning, English, Quantitative Aptitude, and General Awareness for Phase I, and Descriptive English, Economic and Social Issues, and Insurance and Management for Phase II, applicants need to prepare thoroughly across various subjects.
Understanding the detailed syllabus and focusing on each topic will be crucial for success. By strategically preparing and utilizing available resources, candidates can enhance their chances of excelling in the examination and securing a promising role in the insurance sector.
FAQs
What is the format of the IRDAI Assistant Manager exam?
The exam is conducted in two phases. Phase I includes objective-type questions on Reasoning, English Language, Quantitative Aptitude, and General Awareness. Phase II is a descriptive paper covering English, Economic and Social Issues impacting insurance, and Insurance and Management.
How can I get ready for the IRDAI Assistant Manager exam?
First, become familiar with the comprehensive syllabus for both stages. Focus on key topics in each subject area, use study guides and practice papers, and take mock tests to gauge your preparation. Regular review and targeted study will help you improve your performance.