IRDAI Assistant Manager Recruitment 2023: Apply Now for 45 Vacancies

Introduction: The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced the recruitment notification for the position of Assistant Manager. With a total of 45 vacancies, this is an excellent opportunity for aspiring candidates in the insurance sector. Interested candidates can submit their applications from 11th April 2023 until 10th May 2023. In this article, we provide you with all the essential details regarding the IRDAI Assistant Manager Recruitment 2023.

Overview of IRDAI Assistant Manager Recruitment 2023:

Please note that the dates for the Phase I Examination, Phase II Examination, Interview, and Result are yet to be notified. It is advisable to keep checking the official website of IRDAI for updates on these dates.

IRDAI Assistant Manager Vacancy

The Insurance Regulatory and Development Authority of India (IRDAI) has released a total of 45 vacancies for the Assistant Manager position as part of its recruitment drive. The vacancies are distributed across various categories. Here are the category-wise vacancy details:

The category-wise distribution ensures equal opportunities for candidates belonging to different categories. It is important to note that these vacancies are subject to change as per the discretion of the IRDAI.

Candidates interested in applying for the IRDAI Assistant Manager Recruitment should carefully review the eligibility criteria and submit their applications within the specified dates. This is a remarkable opportunity to join the esteemed Insurance Regulatory and Development Authority of India and contribute to the growth and regulation of the insurance sector.

To stay updated on any changes or notifications regarding the recruitment process, candidates are advised to regularly check the official website of IRDAI.

Don’t miss out on this chance to become an Assistant Manager with IRDAI. Apply now and embark on a rewarding career in the insurance industry!

IRDAI Assistant Manager 2023: Selection Process

The selection process for the IRDAI Assistant Manager Recruitment 2023 consists of three phases:

1. Online Preliminary Examination: In the first phase, candidates will undergo an online preliminary examination to test their knowledge and aptitude in various subjects related to the insurance industry. The date for the preliminary examination will be announced soon.
2. Descriptive Examination: Those who qualify in the preliminary examination will proceed to the next phase, which is a descriptive examination. This phase aims to assess the candidate’s writing ability, analytical skills, and understanding of insurance-related topics.
3. Interview: Candidates who clear the descriptive examination will be shortlisted for the final phase, which is the interview. The interview will evaluate the candidate’s overall personality, communication skills, and suitability for the role of Assistant Manager.

IRDAI Assistant Manager Eligibility Criteria 2023

To apply for the IRDAI Assistant Manager Recruitment 2023, candidates must meet certain eligibility criteria. Here are the details regarding the age limit, age relaxation, and educational qualification required for each specialization:

Age Limit: Candidates must be between 21 and 30 years of age as of the specified date. However, certain age relaxations are provided for candidates belonging to reserved categories.

Age Relaxation: The following table provides the upper age relaxation for each category:

Educational Qualification: The educational qualifications required for each specialization are as follows:

1. Actuarial:
   • Graduation from a recognized University with a minimum of 60% marks.
   • Pass in Nine (9) Papers of the Institute of Actuaries of India (IAI) Examination.
2. Accounts:
   • Graduation from a recognized University with a minimum of 60% marks.
   • ACA/AICWA/ACMA/ACS/CFA qualification.
3. Legal:
   • Graduation from a recognized University with a minimum of 60% marks.
   • LL.B with 60% marks.
4. General:
   • Graduation from a recognized University with a minimum of 60% marks.
5. Research:
   • Master’s Degree or 2-years 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. IT:
   • Bachelor’s Degree in Engineering (Electrical/Electronics/Electronics and Communication/Information Technology/Computer Science/Software Engineering) with a minimum of 60% marks.
   • OR Masters in Computer Application with a minimum of 60% marks.
   • OR Bachelor’s Degree in any discipline with a post-graduate qualification (minimum 2 years duration) in Computers/Information Technology with a minimum of 60% marks.

Candidates must ensure that they meet the specified age criteria and possess the required educational qualifications for the respective specialization they wish to apply for. For further details and any updates, candidates are advised to refer to the official notification and website of IRDAI.

IRDAI Assistant Manager Exam Pattern:

IRDAI Assistant Manager Preliminary Exam Pattern 2023:

The preliminary examination for the IRDAI Assistant Manager Recruitment 2023 consists of multiple-choice objective questions. Here is the exam pattern for the preliminary exam:

Key points regarding the preliminary exam pattern:

• The examination is conducted for a total of 160 marks.
• There are 160 questions in total, with each question carrying 1 mark.
• The duration of the examination is 90 minutes.
• There is a negative marking of 1/4th mark for every wrong answer.

IRDAI Assistant Manager Descriptive Exam Pattern:

The descriptive examination for the IRDAI Assistant Manager Recruitment 2023 assesses candidates’ writing abilities and understanding of specific topics. Here is the exam pattern for the descriptive exam:

Key points regarding the descriptive exam pattern:

• The examination is conducted for a total of 300 marks.
• The mode of the examination is descriptive, where candidates are required to write their answers using pen and paper.
• Each paper carries 100 marks.
• The duration of each paper is 60 minutes.

It is important for candidates to familiarize themselves with the exam patterns and prepare accordingly for each phase of the selection process. Good luck with your preparation!

IRDAI Assistant Manager 2023: Syllabus 

The syllabus for the IRDAI Assistant Manager Exam 2023 is divided into two phases: Phase-I Online Preliminary Examination and Phase-II Descriptive Examination. Here is a detailed breakdown of the syllabus for each phase:

Phase-I Online Preliminary Examination:

1. Reasoning:
   • Logical Reasoning
   • Alphanumeric Series
   • Ranking/Direction/Alphabet Test
   • Data Sufficiency
   • Coded Inequalities
   • Seating Arrangement
   • Puzzle
   • Tabulation
   • Syllogism
   • Blood Relations
   • Input-Output
   • Coding-Decoding
2. English Language:
   • Reading Comprehension
   • Cloze Test
   • Error Spotting
   • Para Jumbles
   • Sentence Improvement
   • Fill in the Blanks
   • Sentence Completion
   • Synonyms/Antonyms
   • Vocabulary
   • Grammar
3. General Awareness:
   • Current Affairs (National and International)
   • Banking Awareness
   • Financial Awareness
   • Static Awareness
   • Sports
   • Awards and Honors
   • Books and Authors
   • Important Days and Dates
   • History
   • Geography
   • Indian Polity
   • Science and Technology
4. Quantitative Aptitude:
   • Simplification/Approximation
   • Number Series
   • Data Interpretation
   • Quadratic Equations
   • Data Sufficiency
   • Arithmetic Problems
   • Profit and Loss
   • Time and Work
   • Time, Speed and Distance
   • Ratio and Proportion
   • Percentages
   • Average
   • Simple and Compound Interest
   • Probability
   • Permutation and Combination

Phase-II Descriptive Examination: (i) Paper I – English:

• Essay Writing
• Precis Writing
• Comprehension
• Business/Office Correspondence

(ii) Paper II – Economic and Social Issues impacting Insurance:

• Economic Growth and Insurance
• Financial Markets and Insurance
• Economic Capital and Risk-based Capital Requirements
• Insurance Investments and Infrastructure Sector
• Insurance Reforms and Regulations in India
• Social Structure and Micro-Insurance
• Social Security Laws and Implementation

(iii) Paper III – Insurance and Management: Part 1 – Insurance:

• History of Indian Insurance
• Principles of Insurance
• Legal Foundations of Insurance
• Insurance Intermediation and Bancassurance
• Functions of Insurers
• Insurance Products and Lines
• Liability Risks and Insurance
• Reinsurance and Specialist Insurance Lines

Part 2 – Management:

• Nature and Scope of Management
• Management Processes
• Leadership
• Human Resource Development
• Performance Appraisal and Motivation
• Communication
• Information Technology
• Corporate Governance

Candidates are advised to thoroughly study and prepare the topics mentioned above to perform well in the IRDAI Assistant Manager Exam. It is recommended to refer to official study materials and previous years’ question papers for better understanding and practice. Good luck with your preparation!

IRDAI Assistant Manager Admit Card 2023

The admit card or call letter for the IRDAI Assistant Manager exam 2023 can be downloaded from the official IRDAI website on a specified date. The candidates will also receive intimation regarding the download of the call letter through email. Here are some important points to keep in mind regarding the admit card:

1. Downloading the Call Letter: To download the call letter, candidates need to use their Registration Number/Roll Number and Password/Date of Birth.
2. Affixing Photograph: After downloading the call letter, candidates must affix a recent recognizable photograph on it. It is preferable to use the same photograph that was provided during registration. The call letter with the affixed photograph must be brought to the examination center.
3. Photo Identity Proof: Along with the call letter, candidates must also bring an original and photocopy of a valid Photo Identity Proof, as specified in the letter. This is necessary for verification purposes.

It is important for candidates to follow the instructions mentioned on the admit card/call letter and carry all the required documents to the examination center. Failure to do so may result in disqualification from the exam.

IRDAI Assistant Manager Salary Details 2023

The salary details for the position of IRDAI Assistant Manager in 2023 are as follows:

1. Basic Pay: The selected candidates will receive a starting basic pay of Rs.28,150/- per month.
2. Pay Scale: The salary will be provided in the pay scale of Rs.44,500-2,500(4)-54,500-2,850(7)-74,450-EB-2,850(4)-85,850-3,300(1)-89,150.
3. Allowances: In addition to the basic pay, candidates will be eligible for various allowances such as Dearness Allowance, House Rent Allowance (HRA), Grade Allowance, City Compensatory Allowance, etc.
4. Additional Qualification Allowances: Candidates who possess professional qualifications relevant to their post may receive additional qualification allowances. The specific amount will depend on the post they are selected for.

Please note that the exact salary structure and allowances will be in accordance with the rules and regulations of the Insurance Regulatory and Development Authority of India (IRDAI).

It’s important to keep in mind that the salary details provided here are based on the available information and may be subject to change at the discretion of the organization.

How To Apply:

To apply for IRDAI Assistant Manager Recruitment 2023, follow the steps given below:

Step 1: Visit the official website or click on the direct link provided.

Step 2: On the application portal, fill in all the mandatory fields accurately. This includes your name, father’s name, date of birth, gender, category, etc.

Step 3: Upload the required documents, such as educational certificates, photograph, and signature. Ensure that the photograph meets the specified guidelines for size and format.

Step 4: Make the payment of the application fee through the available online payment methods. The fee amount may vary depending on the category you belong to.

Step 5: Review all the entered information and documents before submitting the application form.

Step 6: Once you have submitted the form, download and take a printout of the application for future reference.

Application Fee Details:

The application fee for IRDA Assistant Manager Recruitment 2023 varies based on the category. Here are the category-wise fee details:

• SC/ST/PWD/Ex-servicemen: Rs. 100/-
• Other than SC/ST/PWD/Ex-servicemen: Rs. 750/-

Please note that the application fee is non-refundable and can be paid through the provided online payment modes.

FAQ’s

Q1: What is the full form of IRDAI? A1: IRDAI stands for Insurance Regulatory and Development Authority of India.

Q2: How many vacancies are available for the IRDA Assistant Manager Recruitment 2023? A2: A total of 45 vacancies are released for the IRDA Assistant Manager Recruitment 2023.

Q3: What is the age limit for applying to the IRDAI Assistant Manager Recruitment? A3: The candidate must be between 21-30 years of age. However, age relaxations are available for reserved category candidates.

Q4: What are the selection phases for the IRDAI Assistant Manager Recruitment? A4: The selection process includes three phases: Online Preliminary Examination, Descriptive Examination, and Interview.

Q5: When will the IRDAI Assistant Manager Admit Card be released? A5: The IRDAI Assistant Manager Admit Card will be released on 14th June 2023.

Q6: What is the salary for IRDAI Assistant Manager? A6: The selected candidates will receive a starting basic pay of Rs.28,150/- per month, along with other allowances and benefits.

Q7: How can I apply for IRDAI Assistant Manager Recruitment 2023? A7: To apply for the recruitment, you need to visit the official website, fill in the application form, upload necessary documents, pay the application fee, and submit the form.

Q8: What is the application fee for IRDAI Assistant Manager Recruitment? A8: The application fee is Rs. 100/- for SC/ST/PWD/Ex-servicemen candidates and Rs. 750/- for candidates other than SC/ST/PWD/Ex-servicemen.

Q9: What is the exam pattern for the IRDAI Assistant Manager Preliminary Examination? A9: The preliminary examination consists of four sections: Reasoning, English Language, General Awareness, and Quantitative Aptitude. Each section carries 40 questions, with a total of 160 questions for 160 marks.

Q10: What is the syllabus for the IRDAI Assistant Manager Descriptive Examination? A10: The syllabus for the descriptive examination includes English (Essay, Precis Writing, Comprehension, and Business/Office Correspondence), Economic and Social Issues impacting Insurance, and Insurance and Management.

UPSC CMS Previous Year Question Paper

Previous year question papers and answer keys have been provided in PDF format in the following part of the article. Candidates can download the papers free of cost.