IRDAI Assistant Manager Exam Date 2023: The Insurance Regulatory and Development Authority of India (IRDAI) released the recruitment notification for selecting eligible candidates for the...
IRDAI Assistant Manager Exam Date 2023
March 8, 2024IRDAI Assistant Manager Salary 2023: The Insurance Regulatory and Development Authority of India (IRDAI) conducts the recruitment for Assistant Manager posts. Aspirants who want to apply for the post should go through the salary details. Knowing the salary beforehand will help them get an idea about the pay structure, allowances, and all the benefits of an Assistant Manager in IRDAI.
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According to the official notification, the initial basic salary of Assistant Manager is Rs. 28,150 per month. In addition to the basic pay, Assistant Manager also get various allowances and benefits. Therefore, the initial monthly gross salary of Assistant Manager is around Rs. 81,000/-. Continue to read the article to know about the salary structure, pay scale, benefits, job profile, and more.
The salary of candidates who joined as Assistant Managers (AM) in IRDAI is quite lucrative. Applicants who want to appear for the IRDAI Assistant Manager 2023 recruitment can check the salary structure below:
Particulars | Amount |
---|---|
Starting Basic Pay | Rs. 28,150 per month |
Pay Scale | Rs. 28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years) |
Starting Gross Salary | Approx. Rs. 81,000 per month |
Note: EB stands for Efficiency Bar. It means a candidate is eligible for an increment only if his/her performance is deemed fit by the management.
In addition to the above gross salary, candidates who are selected for posts with professional qualifications also get qualification allowances. The qualification allowances vary according to the post and are added to the monthly salary. Candidates can check the details of qualification allowances below:
Qualification | Completion Level | Qualification Allowance |
---|---|---|
Actuarial | Nine Papers of the Institute of Actuaries of India | Rs. 15,000 per month |
Accounts | ACA/ AICWA/ ACS | Rs. 3,500 per month |
After joining as an Assistant Manager, candidates get various allowances, perks, and benefits in addition to the basic pay. Aspirants can check the list of various allowances and benefits below:
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Aspirants who join as IRDAI Assistant Managers can expect tasks and responsibilities related to the insurance sector. The following are the responsibilities of an IRDAI Assistant Manager:
After selection, the probation period for candidates is one year. The management can extend the probation period for candidates whose performance is unsatisfactory. Candidates should note that the total period of probation (with extension) shall be a maximum of two years from the date of joining the service.
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Find the most commonly asked questions related to the IRDAI Assistant Manager pay scale below:
Ans: The starting basic pay is Rs. 28,150 per month.
Ans: The starting monthly gross salary of Assistant Managers is around Rs. 81,000.
Ans: The pay scale of Assistant Managers is Rs. 28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600 (17 years).
Ans: Some of the benefits and perks an IRDAI AM gets are DA, HRA, City Compensatory Allowance, Grade Allowance, Telephone Expenses, Medical Insurance, Pension, etc.
Ans: The probation period for an Assistant Manager is one year. However, IRDAI can increase the probation period in case of unsatisfactory performance.
We hope this detailed article on the IRDAI Assistant Manager Salary 2023 helps you. Feel to check our website or download our app if you have any queries. We will be happy to help you out.
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