IRDAI Assistant Manager Recruitment 2023 | Notification, Exam Date, Eligibility
Ripul Agarwal | Updated On - April, 14 2023
IRDAI Assistant Manager Recruitment 2023 | NotificationIRDAI Assistant Manager Recruitment 2023 Notification PDF- Click to DownloadIRDAI Assistant Manager Recruitment 2017 Notification PDF- Click to DownloadIRDAI Assistant Manager Recruitment 2023 | OverviewIRDAI Assistant Manager Recruitment 2023 | Important DatesIRDAI Assistant Manager Recruitment 2023 | Application FeeIRDAI Assistant Manager Recruitment 2023 | Eligibility CriteriaIRDAI Assistant Recruitment Manager 2023 | Educational QualificationIRDAI Assistant Manager Recruitment 2023 | Age CriteriaIRDAI Assistant Manager Recruitment 2023 | VacancyIRDAI Assistant Manager Recruitment 2023 | Category-wiseIRDAI Assistant Manager Recruitment 2023 | Stream-wiseIRDAI Assistant Manager Recruitment 2023 | Selection ProcessIRDAI Assistant Manager Recruitment 2023 | Exam PatternIRDAI Assistant Manager Recruitment 2023 | SyllabusIRDAI Assistant Manager Recruitment 2023 | Phase I SyllabusIRDAI Assistant Manager Recruitment 2023 | Phase IIIRDAI Assistant Manager Recruitment 2023 | Answer KeyIRDAI Assistant Manager Recruitment 2023 | ResultIRDAI Assistant Manager Recruitment 2023 | Previous Year Exam HistoryIRDAI Assistant Manager Recruitment 2023 | Model Q. PaperDownload IRDAI Assistant Manager Recruitment Model Q. PaperIRDAI Assistant Manager Recruitment 2023 | Recommended BooksIRDAI Assistant Manager Recruitment 2023 | Recommended Books for ReasoningIRDAI Assistant Manager Recruitment 2023 | Recommended Books for Numerical AbilityIRDAI Assistant Manager Recruitment 2023 | Recommended Books for EnglishIRDAI Assistant Manager Recruitment 2023 | Recommended Books for General AwarenessIRDAI Assistant Manager Recruitment 2023 | Quick LinksIRDAI Assistant Manager Recruitment 2023 | FAQs
IRDAI Assistant Manager Recruitment 2023 | Notification
The Insurance Regulatory and Development Authority of India (IRDAI) has released a notification on 11th April 2023, on their official website irdai.gov.in, announcing the IRDAI Assistant Manager Recruitment 2023. The recruitment drive aims to fill 45 Assistant Manager vacancies across various streams. Interested and eligible candidates can apply for the recruitment by filling out the online application forms. The online application window will be open until 10th May 2023.
IRDAI Assistant Manager Recruitment 2023 | Overview
Under the Ministry of Finance, the Insurance Regulatory and Development Authority of India is a statutory body. Candidates are advised to carefully review all aspects of the recruitment of the IRDAI Assistant Manager in 2023. For a summary of the IRDAI Recruitment 2023, candidates can refer to the overview table below.
| Organizing Body | Insurance Regulatory and Development Authority of India. |
|---|---|
| Post | Assistant Manager |
| Vacancies | 45 |
| Category | Govt Jobs |
| Application Mode | Online |
| IRDAI Assistant Manager Apply Online Start | 11th April 2023 |
| Last Date to Apply Online | 10th May 2023 |
| Selection Process | -Prelims Written Exam -Main Written Exam -Interview -Document Verification -Medical Examination |
| Job Location | All India |
| Salary | Rs. 44500- 89150/- |
| Official Website | irdai.gov.in |
IRDAI Assistant Manager Recruitment 2023 | Important Dates
Candidates eligible for IRDAI Assistant Manager Recruitment 2023 can check the table below for important dates.
| Events | Dates |
|---|---|
| IRDAI Assistant Manager Apply Online Start | 11th April 2023 |
| Last Date to Apply Online | 10th May 2023 |
| Date of Exam | Will be announced soon |
IRDAI Assistant Manager Recruitment 2023 | Application Fee
The candidate appearing for IRDAI Assistant Manager Recruitment 2023 is responsible for paying any bank transaction charges associated with online payment of application fees or intimation charges, as outlined in the official notification. Failure to submit the required fee or charges will result in the application being rejected without consideration. Additionally, the fee paid is non-refundable and cannot be held in reserve for any future examinations or selection processes, regardless of the circumstances. The category-based application fee is given below.
| Category | Application Fee |
|---|---|
| Gen/ OBC/ EWS | Rs. 750/- |
| SC/ ST/ PwD | Rs. 100/- |
IRDAI Assistant Manager Recruitment 2023 | Eligibility Criteria
Before applying for the IRDAI Assistant Manager Recruitment 2023, it is important for candidates to ensure that they meet all of the necessary eligibility criteria. The IRDAI AM 2023 notification has provided the required criteria, which include educational qualifications and age limits. Candidates should review these criteria carefully to determine if they meet the requirements.
IRDAI Assistant Recruitment Manager 2023 | Educational Qualification
| Stream | Educational Qualification |
|---|---|
| Actuarial | Graduation with minimum 60% marks and 7 papers passed IAI as per the 2019 curriculum |
| Generalist | Graduation with minimum 60% marks |
| Research | Master’s Degree or 2-year 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 |
| IT | Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with a minimum of 60% marks OR Master in Computers Application with minimum 60% marks OR Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks |
| Law | Bachelor’s Degree in Law with minimum 60% marks |
| Finance | Graduation with minimum 60 % marks & ACA /AICWA/ACMA/ACS/CFA |
IRDAI Assistant Manager Recruitment 2023 | Age Criteria
According to the IRDAI Assistant Manager Recruitment 2023 notification, candidates must be between 21 to 30 years of age to be eligible. However, as per government rules, candidates belonging to reserved categories may be eligible for age relaxation.
IRDAI Assistant Manager Recruitment 2023 | Vacancy
The IRDAI has announced the recruitment of Assistant Managers for this year, with a total of 45 vacancies available. The vacancies have been categorized and organized by stream, and the information is given below in a table format for easy reference.
IRDAI Assistant Manager Recruitment 2023 | Category-wise
| Category | Vacancies |
|---|---|
| UR | 20 |
| SC | 06 |
| ST | 03 |
| OBC | 12 |
| EWS | 04 |
| Total | 45 |
IRDAI Assistant Manager Recruitment 2023 | Stream-wise
| Category | Vacancies |
|---|---|
| Actuarial | 05 |
| Finance | 05 |
| Law | 05 |
| IT | 05 |
| Research | 05 |
| Generalist | 20 |
| Total | 45 |
IRDAI Assistant Manager Recruitment 2023 | Selection Process
To be considered for the position of Assistant Manager at the Insurance Regulatory and Development Authority of India (IRDAI) through the IRDAI recruitment of Assistant Manager 2023, candidates must meet the qualifying criteria for each stage in order to progress to the next stage and be considered for the position. These stages include-
-
Prelims written Examination
-
Main Written Examination
-
Interview
-
Document verification
-
Medical examination
IRDAI Assistant Manager Recruitment 2023 | Exam Pattern
The IRDAI Assistant Manager Recruitment 2023 Phase I exam will be administered online and will consist of four sections. It will include a total of 160 multiple choice questions, with a maximum score of 160. Candidates will be given 90 minutes to complete the entire exam. Incorrect answers will result in negative marks, with a deduction of 1/4th mark for each wrong answer.
|
Subject |
No. of Questions |
Maximum Marks |
Total Time |
|---|---|---|---|
|
Reasoning |
40 |
40 |
90 minutes |
|
English Language |
40 |
40 |
|
|
General Awareness |
40 |
40 |
|
|
Quantitative Aptitude |
40 |
40 |
|
|
Total |
160 |
160 |
The Phase II Exam for IRDAI Assistant Manager will be in a descriptive format and will comprise of three papers: English, Economic and Social Issues affecting Insurance, and Insurance and Management. All three papers will be conducted in both English and Hindi, except for the English paper. It is mandatory for candidates to appear for all three papers in the Descriptive Examination of Phase II. A separate Admission Letter will be issued to the candidates for this purpose.
|
Name of Paper |
Total Marks |
Total Time |
|---|---|---|
|
Paper I: English |
100 |
180 minutes |
|
Paper II: Economic and Social Issues impacting Insurance |
100 |
|
|
Paper III: Insurance and Management |
100 |
|
|
Total |
300 |
IRDAI Assistant Manager Recruitment 2023 | Syllabus
IRDAI Assistant Manager Recruitment 2023 | Phase I Syllabus
To secure the desired job, it is crucial for candidates to have a thorough understanding of the relevant topics. The Syllabus for IRDAI Assistant Manager Phase I in 2023 includes four subjects: Reasoning Ability, Numerical Ability, English, and General Awareness.
|
Subject |
Syllabus |
|---|---|
|
English |
-Reading Comprehension -Spellings -Vocabulary -Word Usage -Antonyms -Synonyms -Error Detection -Cloze Test -Para-jumble |
|
Reasoning |
-Visual Memory -Analogy -Problem-Solving -Analysis and Judgement -Similarities -Arithmetical Number Series. -Space Visualization -Differences -Decision-making -Verbal and figure classification -Arithmetical Reasoning |
|
Quantitative Aptitude |
-Number System -Simplification & Approximation -Number Series -Quadratic Equation -Ratio & Proportion -Percentage -Problems on Ages -Probability -Time & Work -Time & Distance -Simple Interest -Compound Interest -Average -Profit & Loss -Mixtures & Allegations -Permutation & Combination -Data Sufficiency -Linear Equation -Mensuration |
|
General Awareness |
-Current Events -Current Affairs(National & International) -Budget and Five Year Plans -Abbreviations -Awards and Honors -Inventions and Discoveries -National & International Organizations -Books and Authors -Major Financial/ Economic News -Sports -Important Days |
IRDAI Assistant Manager Recruitment 2023 | Phase II
-
Descriptive English- This section consists of Essay, Precis writing, Comprehension & Business/ Office correspondence.
-
Economic and social issues impacting insurance- Economic growth, business cycles and insurance penetration, 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, economic impact of risk transfer arrangements including reinsurance, contribution of the Insurance sector to sustainable and responsible development of the economy, Insurance Investments in the Infrastructure sector. Economic reforms in India are leading to Insurance sector reforms, Insurance regulations – financial and market conduct regulations, functions of IRDAI, 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 Insurers thereto, Indian Micro-Insurance experience, Social security laws and implementation thereof. RSBY – Health insurance scheme for Below Poverty Line (BPL) families.
-
Insurance and Management-
-
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, 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; 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; Concept of Morale; Factors determining morale; 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.
IRDAI Assistant Manager Recruitment 2023 | Answer Key
The answer key for IRDAI Assistant Manager Recruitment 2023 will be released after the completion of the exam. Candidates must check the official website from time to time after the exam to get updates about the answer key release date.
IRDAI Assistant Manager Recruitment 2023 | Result
The result date for IRDAI Assistant Manager Recruitment 2023 will be released after completion of the exam. Candidates must check the official website after the exam for the results release date.
IRDAI Assistant Manager Recruitment 2023 | Previous Year Exam History
Candidates can check the table below for previous year's exam history.
| Particulars | Dates |
|---|---|
| Website Link Open for on-line registration of applications | 15.8.2017 |
| Last date for on-line application and payment of examination fee/intimation charges | 5.9.2017 |
| Conduct of Phase - I On-line Preliminary Examination (Objective type) | 4.10.2017 |
IRDAI Assistant Manager Recruitment 2023 | Model Q. Paper
IRDAI Assistant Manager Recruitment 2023 | Recommended Books
IRDAI Assistant Manager Recruitment 2023 | Recommended Books for Reasoning
IRDAI Assistant Manager Recruitment 2023 | Recommended Books for Numerical Ability
IRDAI Assistant Manager Recruitment 2023 | Recommended Books for English
IRDAI Assistant Manager Recruitment 2023 | Recommended Books for General Awareness
IRDAI Assistant Manager Recruitment 2023 | Quick Links
| Particulars | Links |
|---|---|
| Recruitment Notification for the post of Assistant Manager in IRDAI 2023 | Download Notification here |
| Recruitment Notification for the post of Assistant Manager in IRDAI 2017 | Download Notification here |
| Cut-Off for the year 2017 | Download PDF |
| IRDAI Assistant Manager Model Q. Paper | Download PDF |
IRDAI Assistant Manager Recruitment 2023 | FAQs
Q1. How many vacancies are out for IRDAI Assistant Manager Recruitment 2023?
Ans: The total number of vacancies is 45, for the post of Assistant Manager.
Q2. What is the last date of application for IRDAI Assistant Manager Recruitment 2023?
Ans: The IRDAI Recruitment 2023 last date for application is 10th May 2023.
Q3. What is the prescribed age limit under IRDAI Assistant Manager Recruitment 2023?
Ans: The prescribed age limit under IRDAI Assistant Manager Recruitment 2023 is 21 to 30 years.
Q4. How many specializations are there for IRDAI Assistant Manager Recruitment 2023?
Ans: There are four specializations for the IRDAI Assistant Manager post, namely- Actuarial, Accounts, Legal, and General.
Q5. When is the result for IRDAI Assistant Manager Recruitment 2023?
Ans: The result dates for IRDAI Assistant Manager Recruitment 2023 will be announced shortly after all the stages of the examination are complete.
Q6. Are there any negative markings in the IRDAI Assistant Manager Prelims exam?
Ans: Yes, there is a negative marking of ¼ marks deduction for every wrong answer, in the prelims examination.
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