IRDAI Assistant Manager

The Insurance Regulatory and Development Authority of India (IRDAI) released the official notification for 45 IRDAI Assistant Manager 2023 posts on April 11, 2023. The officials conduct the IRDAI Assistant Manager recruitment to hire qualified applicants for various specialisations including Actuarial, Accounting, Legal, and General. Candidates can apply online for the post at irdai.gov.in. The registration link will be available till May 10, 2023.

The IRDAI Assistant Manager selection process consists of three phases. Phase 1 is an online preliminary examination. Candidates who clear Phase 1 qualify for Phase 2, i.e., a descriptive examination, followed by an interview. IRDAI will make the final selection based on the combined marks of the descriptive exam and interview. Read on to find out more details.

IRDAI Assistant Manager Exam Summary 2023

Check the table provided below to get an overview of the IRDAI Assistant Manager Recruitment 2023:

Particulars	Details
Exam Name	IRDAI Assistant Manager
Conducting Body	Insurance Regulatory and Development Authority of India (IRDAI)
Level of Exam	National-level
Mode of Application	Online
Mode of Exam	Online
Total Vacancies	45
Selection Process	Online Exam, Descriptive Exam, and Interview
Official Website	irdai.gov.in

Candidates check this section regularly to stay updated related to the IRDAI Assistant Manager 2023 recruitment.

• The IRDAI issued the official notification for IRDAI Assistant Manager 2023 on April 11, 2023.
• The IRDAI AM Application Form has been released on April 11, 2023.

The authorities released the notification for IRDAI Assistant Manager Recruitment 2023 on the official website irdai.gov.in. The notification contains various details like the selection process, exam pattern, syllabus, application process, eligibility criteria, etc. Candidates can check the recruitment notification from the link provided below:

Download IRDAI Assistant Manager Official Notification PDF 2023

The exam conducting body will issue an official notification soon announcing the IRDAI Assistant Manager 2023 exam date. Furthermore, the application deadline, admit card release date and other event details have been updated in the table below:

Events	Dates
IRDAI Assistant Manager 2023 Notification Release Date	April 11, 2023
Starting Date of Online Application	April 11, 2023
Closing Date of Online Application	May 10, 2023
Phase 1 Admit Card Release Date	To Be Announced
IRDAI Assistant Manager Phase 1 Exam Date	To Be Announced
Announcement of Phase 1 Result	To Be Announced
Release of Phase 2 Admit Card	To Be Announced
IRDAI Assistant Manager Phase 2 Exam Date	To Be Announced
Phase 2 Result Announcement Date	To Be Announced
Date of Interview	To Be Announced

The authority released the IRDAI Assistant Manager vacancies along with the official notification. As per the official notification, a total of 45 posts have been declared to fill this year. Candidates can go through the category-wise vacancies from the table below:

Category	Vacancy
UR	20
OBC	12
EWS	4
SC	6
ST	3
Total	45

Before appearing for the IRDAI Assistant Manager 2023 exam, candidates should be aware completely of the job profile and salary of all the posts from the section below:

IRDAI AM Salary

The candidates who will get selected as Assistant Manager in IRDAI will receive an initial monthly salary of Rs.28,150/- along with other allowances such as Dearness Allowance, HRA, Grade Allowance, City Compensatory Allowance, etc. Furthermore, additional qualification allowances are provided to candidates selected for posts with professional qualifications. The pay scale for this post is Rs.28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600.

IRDAI AM Job Profile

Being in the insurance sector, there are a variety of tasks and responsibilities that form an IRDAI Assistant Manager job profile. Take a look at some of the common tasks that an Assistant Manager must perform:

• Inspection of the existing insurance policies.
• Formulation of new schemes.
• Assisting the senior members such as the Manager and higher authorities and working as per the instructions.
• Taking care of customer queries or handling grievances with respect to the issued insurance policies.

The eligibility criteria include several factors like age limit, educational qualification, nationality and so on. To apply for the IRDAI Assistant Manager 2023, candidates have to fulfil the following eligibility criteria:

IRDAI Nationality

A person having Indian citizenship hailing from any state of the country can apply for the position of IRDAI Assistant Manager.

IRDAI Age Limit

Candidates who are applying for Assistant Manager positions must meet the following age criteria:

• The lower age limit for candidates is 21 years.
• The upper age limit for candidates is 30 years.

IRDAI Age Relaxation

Age relaxations are granted to applicants who belong to special groups such as other backward castes, SC, ST, and so on. The following is a list of age relaxations for several types of categories:

Category	Upper Age Relaxation
SC/ST	5 years
OBC	3 years
PWD	PWD (SC/ST) – 15 years PWD (OBC) – 13 years PWD (GEN/UR) – 10 years
Ex-serviceman and Commissioned Officers	5 years
Ordinarily domiciled in the State of Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989	5 years
Employees of IRDA	To the extent of a number of years of such service in IRDAI, subject to a maximum of three years.

IRDAI Educational Qualification

Below are the post-wise educational qualifications required for Assistant Manager recruitment:

Specialisation	Educational Qualification
Actuarial	The candidate has a Graduation from a recognised University with a minimum of 60% marks, and pass in nine (9) papers of the Institute of Actuaries of India (IAI) Examination.
Accounts	The candidate must have a Graduation from a recognised University with a minimum of 60% marks, and ACA/AICWA/ACMA/ACS/CFA.
Legal	The candidate must have Graduation from a recognised University with a minimum of 60% marks, and an LLB with 60% marks.
General	The candidate must have Graduation from a recognised University with a minimum of 60% marks.

IRDAI Number of Attempts

The IRDAI has laid no such restrictions on the number of times the candidates can attempt the IRDAI Assistant Manager exam. The only requirement is that candidates should satisfy the age limit and other eligibility criteria.

The authority released the application form online on April 11, 2023, at its official website. Candidates planning to appear for IRDAI Assistant Manager 2023 recruitment should register themselves at the earliest. Furthermore, they must ensure their eligibility and then proceed to fill out the application form. The last date for registration is May 10, 2023.

How To Apply Online for IRDAI Recruitment 2023?

Below are the steps to apply for IRDAI Assistant Manager Recruitment 2023:

• Go to the official website – irda.gov.in.
• Search for the IRDAI Assistant Manager Exam 2023 registration link on the home page.
• Fill in all the mandatory fields like name, father’s name, date of birth, gender, category etc.
• Attach the required documents and upload a recent passport-size photograph.
• Pay the required amount and click on the submit button.
• Download and take a printout of the application form for future reference.

IRDAI Application Fee

Below are the category-wise application fee details:

Category	Fee
SC/ST/PWD/Ex-servicemen	Rs. 100/-
All Other Candidates	Rs. 750/-

The following is a list of IRDAI Assistant Manager Exam Centre 2023:

State / Union Territory	Exam Centre (City)
Andhra Pradesh	Vijayawada
Assam	Guwahati
Arunachal Pradesh	Guwahati
Mizoram	Guwahati
Manipur	Guwahati
Meghalaya	Guwahati
Nagaland	Guwahati
Tripura	Guwahati
Bihar	Patna
Chattisgarh	Raipur
Delhi	New Delhi – NCR
Gujarat	Ahmedabad – Gandhinagar
Goa	Panaji
Haryana	Ambala / Kurukshetra / Hisar / Karnal
Himachal Pradesh	Shimla / Solan
Jammu & Kashmir	Srinagar / Samba / Jammu
Jharkhand	Ranchi
Karnataka	Bengaluru
Kerala	Thiruvananthapuram
Madhya Pradesh	Bhopal
Maharashtra	Mumbai / Navi Mumbai / Thane
Odisha	Bhubaneshwar
Punjab	Mohali / Jalandhar / Sangrur
Rajasthan	Jaipur / Sikar / Alwar / Kota
Sikkim	Gangtok – Bardang
Tamilnadu	Chennai
Telangana	Hyderabad
Uttar Pradesh	Lucknow
Uttarakhand	Dehradun
West Bengal	Kolkata
Andaman & Nicobar Islands	Port Blair
Chandigarh	Chandigarh – Mohali
Dadra, Nagar Haveli, Daman & Diu	Vapi / Valsad
Lakshadweep Islands	Kavaratti
Puducherry	Puducherry

Candidates must go through the IRDAI Assistant Manager Recruitment Process 2023 before moving to the detailed exam pattern.

IRDAI Assistant Manager Selection Process

Candidates undergo three phases of the IRDAI Assistant Manager selection process. These phases are:

• Phase-1: Online Preliminary Examination
• Phase-2: Descriptive Examination
• Phase-3: Interview

IRDAI Assistant Manager Paper Pattern 2023

Candidates can check out the IRDAI Assistant Manager exam pattern for prelims & descriptive paper here.

IRDA Preliminary Exam Pattern 2023

Phase 1 of the IRDAI Assistant Manager recruitment process is a preliminary examination. This exam is qualifying in nature. The exam pattern of the prelims examination is given below:

Name of Tests	Number of Questions	Maximum Marks
Test of Reasoning	40	40
Test of English Language	40	40
Test of General Awareness	40	40
Test of Quantitative Aptitude	40	40
Total	160	160 Marks

Note:

• Prelims contain objective-type questions.
• The exam will be bilingual (i.e., Hindi/English), except for the English Language section. 
• The total time duration of the exam is 90 minutes.
• 1/4th mark will be deducted for each wrong answer.

IRDA Descriptive Exam Pattern 2023

Phase 2 of the IRDAI Assistant Manager recruitment is a descriptive examination. Below is the detailed pattern of the descriptive examination:

Paper	Name of Paper	Marks	Time (minutes)
Paper 1	English	100	60
Paper 2	Economic and Social Issues Impacting Insurance	100	60
Paper 3	Insurance and Management	100	60

The complete and detailed IRDA Syllabus for Preliminary and Mains Exam is as follows:

IRDAI AM Reasoning Syllabus

The topics included in this section are as follows:

Topics
Analogies	Similarities.
Problem-solving	Space visualization
Analysis and Judgment	Differences
Visual memory	Decision-making
Discrimination	Observation.
Relationship	Verbal and figure classification
Arithmetical number series	Arithmetical reasoning

IRDAI AM English Syllabus

Find the topics that are asked in the English section below:

Topics
English Grammar	Vocabulary
Antonyms	Synonyms
Spellings	Comprehension

IRDAI AM General Awareness Syllabus

The topics included in General Awareness are as follows:

Topics
History of India	Important Days
Indian Economics	Books and Authors
Geography	Countries and Currencies
Indian Constitution	Countries and Capitals
Science and Technology	Awards, Honors and Recognition
Indian Politics	Inventions and Discoveries
Financial Institutions – National and International	Banking History
Currents Affairs of the Last 3 months from the date of notification National movements International events Sports Events in the Bihar Wildlife Sanctuaries Forests and Parks Rivers and Mountains	Finance, Budget

IRDAI AM Quantitative Aptitude Syllabus

Find topics included in the Quantitative Aptitude section below:

Topics
Number System	Simplification.
Simple Interest & Compound Interest	Data Interpretation
Mensuration – Cylinder, Cone, Sphere	Average
Profit & Loss	Time & Distance
Sequence & Series	Ratio & Proportion, Percentage
Mixtures & Allegations	Percentage
Permutation, Combination and Probability	Problems of Ages
Number Series	Quadratic Equation
Linear Equation	Time and Work

Paper 2 – Economic and Social Issues Impacting Insurance Syllabus

The topics included in this section are as follows:

• 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, and 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 and obligations of Insurance thereof, Indian Micro-Insurance experience, Social security laws and implementation thereof. RSBY -Health insurance scheme for Below Poverty Line (BPL) families.

Paper 3 – Insurance and Management Syllabus

The topics included in this section are as follows:

Part 1 -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 mobilising 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.

Part 2 -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 counselling, rewards, employee welfare;
• Motivation, Morale and Incentives: Theories of motivation, how managers motivate, the concept of morale, factors determining morale, the 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.

Here are some of the valuable tips that the experts suggest during IRDAI Assistant Manager exam preparation:

• It is essential to have a thorough understanding of the IRDAI Assistant Manager Exam Pattern and Syllabus before beginning full-fledged preparation. 
• Create a timetable as it will help to strategise the preparation and study effectively. 
• Read Newspapers daily so that the candidates are updated with the trending and latest events worldwide. 
• Practice IRDAI Assistant Manager Previous Year Papers. It will allow candidates to explore the kind of questions asked in each paper.
• Attempt IRDAI Assistant Manager Mock Tests on Embibe. As the exam will be administered online, it will give a better understanding of the online exam format. This practice will also test the preparation levels and give proper feedback after every test. 
• Revise every day so that important topics are not forgotten.

The Insurance Regulatory and Development Authority of India releases the IRDAI Assistant Manager admit card. The authority uploads the admit card on the official website. Aspirants can follow the steps below to smoothly download the call letter:

• Go to the official website of IRDAI.
• Go to the employment section on the top right corner of the website, once it opens up.
• Find the admit card notification under the subsection called Employment notice. All employment-related links will be available there.
• After finding the IRDAI Admit Card download link, click on it. The website will ask for the login credentials.
• Fill in the valid login credentials.
• Click on the Submit button.
• Download the hall ticket PDF available on the screen and take a print of it for future reference.

The authority publishes the Assistant Manager answer key after the completion of the exam on its official website. Candidates who attend the written exam can download the IRDAI Assistant Manager 2023 answer sheet and use it to cross-check their answers.

The Insurance Regulatory and Development Authority of India announces the result for each selection stage. Furthermore, the IRDAI Assistant Manager result is released in the form of a merit list. Candidates can check the result online on the official website. Follow the below-mentioned steps to check the IRDAI AM result:

• Visit the official IRDAI website, i.e., www.irdai.gov.in.
• On the homepage, look for the ‘IRDAI Assistant Manager Result 2023’ link.
• The candidate will be diverted to the login page.
• Enter the credentials required and click the submit button.
• The result will be displayed on the screen. Make a printout of the result sheet for additional reference.

IRDAI determines the cut-off for the phase 1 online preliminary examination. Each subject in the phase 1 exam will have a different cut-off. Based on both the individual and aggregate cut-offs, candidates are qualified for phase 2. However, these marks won’t be included in the final merit list.

For the phase 2 descriptive examination, the minimum cut-off marks are decided separately for each specialisation by IRDAI. Candidates securing equal to or more than the cut-off marks will qualify for the phase 3 Interview. Furthermore, the final cut-off is based on the aggregate marks of the descriptive examination and interview.

Let us look at some of the frequently asked questions related to the Assistant Manager 2023 exam below:

Q: What is the minimum age to apply for IRDAI Assistant Manager 2023?

A: A candidate enrolling for the IRDAI Assistant Manager test must be between the age of 21 and 30.

Q: Does the IRDAI 2023 exam have a negative marking policy?

A: Yes, 0.25 marks will be deducted for each incorrect response in the Phase 1 Prelims exam.

Q: Are marks of the IRDAI Assistant Manager Phase 1 exam considered for the final selection?

A: No. The authorities do not consider IRDAI Assistant Manager Phase 1 Prelims exam marks for final selection.

Q: What if I don’t answer a question on the IRDAI exam?

A: If a candidate does not answer a question in the IRDAI Exam, i.e. leaves the answer sheet blank, no marks will be awarded or deducted for that question.

Q: How long does the IRDAI Assistant Manager Paper-2 examination last?

A: Each paper of the IRDAI Assistant Manager Phase 2 descriptive test lasts for 60 minutes or 1 hour.

Q: How many questions are in the IRDAI Assistant Manager Mains Exam?

A: The IRDAI Assistant Manager Mains examination consists of 200 questions.

Q: How many sections are there in the IRDAI Paper-1 exam?

A: There are a total of four sections in the IRDAI Paper-1 examination; English, Quantitative Aptitude, Reasoning and General Awareness.

Q: What is the cut-off for the IRDAI Exam?

A: The IRDAI Exam cut-off is the minimum number of marks necessary to advance to the next stage of the selection process.