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IRDAI Assistant Manager Notification 2024

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IRDAI Assistant Manager Notification 2024

IRDAI Assistant Manager Notification PDF is a document that provides all the details about the recruitment process for the post of Assistant Manager in the Insurance Regulatory and Development Authority of India (IRDAI). IRDAI is a statutory body that regulates and develops the insurance sector in India. It invites applications from eligible candidates for Assistant Manager Grade A posts through an online examination and interview. The notification contains information about the eligibility criteria, selection process, exam pattern, syllabus, application fee, how to apply, important dates, and other instructions for the candidates. Candidates who are interested and qualified can apply online through the official website of IRDAI (www.irdai.gov.in). The notification also provides the link for downloading the admit card, result, and final merit list of the selected candidates. Candidates are advised to read the notification carefully before applying and keep visiting the website for any updates or changes regarding the recruitment.

IRDAI Grade A Assistant Manager Notification 2024 Overview

Exam nameIRDAI Grade A Assistant Manager
OrganizationIRDAI (Insurance Regulatory and Development Authority of India)
PostGrade A Assistant Manager
VacanciesTo be notified
Exam LevelNational
EligibilityDepends on the stream applied for
Age Limit21 - 30 years
Frequency of examAnnual
Exam stagesPhase I - Online Preliminary Examination (Objective Type) => Phase II - Descriptive Examination => Phase III - Interview
Exam modeOnline
Exam duration

Phase I: 90 Minutes

Phase II: 180 Minutes

Exam pattern

Phase I No. of Questions: 160

Phase I Total Marks: 160

Phase I Total Papers: 3

Phase II Total Marks: 300

Application Fee

For SC / ST / PwBD: Rs 100

Other than SC/ST/PwBD: Rs 750

On-line registration including Editing/ Modification of Application by candidatesTo be notified
Online Examination DateWill be Updated
Interview DateWill be Updated
LanguageEnglish/ Hindi
Basic PayRs.44,500/- per month
Official websitehttps://irdai.gov.in/career-at-irdai

IRDAI Assistant Manager 2023 Vacancies

Name of the Post

Unreserved

i.e. General (GEN/UR)

Economically Weaker Sections (EWSs)Other Backward Classes (OBC)Scheduled Castes (SC)Scheduled Tribes (ST)Total
Assistant Manager

 

20

 

4

 

12

 

6

 

3

 

45*#

IRDAI Assistant Manager Notification 2024 Important Dates

DescriptionSchedule
Website Link Open for on-line registration of applications and payment of examination fee/intimation chargesTo be notified
Last date for submission of on-line applications and payment of examination fee/intimation chargesTo be notified
Phase I - On-line Preliminary Examination (Objective type)Will be informed in due course

IRDAI Grade A Assistant Manager 2023 Eligibility Criteria

Age Limit 

Not below 21 years and not above 30 years, i.e. candidates should have been born not earlier than 11.05.1993 and not later than 10.05.2002 (both days inclusive)

Educational Qualification

Sl.

No.

Stream

Number

of posts

Qualification/s required
1Actuarial5Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum
2Finance5

Graduation with minimum 60 % marks and

ACA/AICWA/ACMA/ACS/CFA

3Law5Bachelor's Degree in Law with minimum 60% marks

 

 

 

 

 

 

4

 

 

 

 

 

 

IT

 

 

 

 

 

 

5

Bachelor's Degree in Engineering (Electrical / Electronics

/ Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks

OR

Masters in Computers Application with minimum 60% marks

OR

Bachelor's Degree in any discipline with a post graduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks

 

 

5

 

 

Research

 

 

5

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

6Generalist20Graduation with minimum 60% marks

IRDAI Grade A Assistant Manager Selection Process 2024

Phase I - On-line Preliminary Examination (Objective Type)

Sl.

No.

Name of Test (Objective)

No of

Questions

Maximum

Marks

Total

Time

1Test of Reasoning4040

 

 

Composite time of 90 minutes

2Test of English Language4040
3Test of General Awareness4040
4Test of Quantitative Aptitude4040
Total160160

This is a qualifying examination to be eligible for Phase II - Descriptive Examination. Through this, candidates for Actuarial, Finance, Law, IT, Research streams and General stream shall be shortlisted separately for Phase II - Descriptive Examination as per standards to be decided separately by IRDAI (approximately 20 times the number of vacancies subject to availability). Marks secured in the Phase I - On-line Preliminary Examination will not count for interview or final selection.

Note: 

  • A candidate has to qualify in each of the four Objective Test separately and also in aggregate as per the cut-off marks for each test and in aggregate to be decided by IRDAI. Separate cut-offs may also be applied for each of the specialized stream and General stream.
  • Tests will be conducted in English and Hindi (except Test of English Language which will be provided only in English).
  • There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.

Phase II - Descriptive Examination

Name of PaperType of PaperMarksTime (Minutes)
Paper-I: EnglishDescriptive (Questions will appear on screen and answers have to be written on answer sheets)10060
Paper-II: Economic and Social Issues impacting Insurance10060
Paper-III: Insurance and Management10060

This will be comprising 3 Papers (Paper I, II and III).

Phase III - Interview

  • Candidates for Actuarial, Finance, Law, IT, Research and General stream shall be shortlisted for Phase III - Interview based on the aggregate marks obtained in Papers I, II and III of Phase II - Descriptive Examination only.
  • The minimum cut-off marks for being shortlisted for Phase III - Interview shall be decided for each stream by IRDAI.
  • Final selection shall be based on the performance and merit of the candidates under respective stream in Phase II - Descriptive Examination and Phase III – Interview, taken together.

IRDAI Grade A Assistant Manager 2024 Pay Scale

Selected candidates will draw a starting basic pay of Rs.44,500/- per month in the scale of Rs. 44500- 2500(4)- 54500- 2850(7)- 74450- EB- 2850(4)- 85850- 3300(1)- 89150 (17 years) and other allowances, like Dearness Allowance, House Rent Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance and other perquisites as approved from time to time etc., as admissible from time to time. The candidates employed elsewhere and joining IRDAI will be fixed at the minimum of basic pay in the scale of pay applicable to the post. At present, initial monthly gross emoluments for Assistant Manager is approximately Rs.1,30,000/- (excluding qualification allowance, wherever applicable). Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).

Exam Date

To be Updated

Total Vacancies

To be notified

Pricing Plan

Flexible pricing options for all the aspirants

FAQs

Will Interviews be conducted as a part of selection process of IRDAI AM?

Yes! Interviews will be conducted after completion of Phase II.

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