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IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
SYLLABUS
Phase I CBT Exam:
The syllabus for IRDAI AM Examination is given below:
Name of Test | Topic | Weightage |
Reasoning | Relationship | 40 Q |
Analogies | ||
Similarities & Visual memory | ||
Space visualization | ||
Problem-solving | ||
Differences & Analysis and Judgment | ||
Decision-making | ||
Discrimination & Observation | ||
Verbal and figure classification & Concepts | ||
Arithmetical reasoning & Arithmetical number series | ||
English Language | English grammar | 40 Q |
Antonyms | ||
Spellings & Synonyms | ||
Vocabulary & Comprehension | ||
Correct and incorrect usages, etc. | ||
General Awareness | Current Events & Books and Authors | 40 Q |
Current Affairs (National and International) | ||
Major Financial / Economic News | ||
Budget and Five Year Plans | ||
Sports & Abbreviations | ||
Science – Inventions and Discoveries | ||
Awards and Honors | ||
Important Days & International and National Organizations | ||
Quantitative Aptitude | Simplification | 40 Q |
Number Systems & Data Interpretation | ||
Simple Interest & Compound Interest | ||
Surds & Indices | ||
Average | ||
Time & Distance | ||
Profit & Loss | ||
Mensuration – Cylinder, Cone, Sphere | ||
Sequence & Series | ||
Ratio & Proportion, Percentage | ||
Mixtures & Allegations | ||
Percentage | ||
Permutation, Combination &Probability | ||
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
SYLLABUS
Phase I CBT Exam:
The syllabus for IRDAI AM Examination is given below:
Name of Test | Topic | Weightage |
Reasoning | Relationship | 40 Q |
Analogies | ||
Similarities & Visual memory | ||
Space visualization | ||
Problem-solving | ||
Differences & Analysis and Judgment | ||
Decision-making | ||
Discrimination & Observation | ||
Verbal and figure classification & Concepts | ||
Arithmetical reasoning & Arithmetical number series | ||
English Language | English grammar | 40 Q |
Antonyms | ||
Spellings & Synonyms | ||
Vocabulary & Comprehension | ||
Correct and incorrect usages, etc. | ||
General Awareness | Current Events & Books and Authors | 40 Q |
Current Affairs (National and International) | ||
Major Financial / Economic News | ||
Budget and Five Year Plans | ||
Sports & Abbreviations | ||
Science – Inventions and Discoveries | ||
Awards and Honors | ||
Important Days & International and National Organizations | ||
Quantitative Aptitude | Simplification | 40 Q |
Number Systems & Data Interpretation | ||
Simple Interest & Compound Interest | ||
Surds & Indices | ||
Average | ||
Time & Distance | ||
Profit & Loss | ||
Mensuration – Cylinder, Cone, Sphere | ||
Sequence & Series | ||
Ratio & Proportion, Percentage | ||
Mixtures & Allegations | ||
Percentage | ||
Permutation, Combination &Probability | ||
Simplification & Problems of Ages | ||
Number Series & Quadratic Equation | ||
Data Sufficiency & Time and Work | ||
Linear Equation |
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
EXAM PATTERN
Phases of IRDAI AM Exam
Phase | Name of the Exam | Type of Exam |
Phase-I | Online Preliminary Examination | Objective Type |
Phase-II | Descriptive Examination | Descriptive (Written exam) Type |
Phase-III | Interview | —— |
There are a total of three Phases in the recruitment of IRDAI Assistant Manager recruitment.
Phase -I ( Objective type ) Examination
The paper-1 examination is the first stage of the recruitment process. The paper-1 examination consists of four sections quantitative aptitude, reasoning, English and general awareness and 40 questions from each section and 40 marks are awarded to each section. The paper-1 examination is for 90 minutes.
Test Mode | Name of Test | No. of Questions | Maximum Marks | Separate Time/ Total Time |
Objective Type Online Computer Based Test | Reasoning | 40 Q | 40 x 1 = 40 Marks | 90 Minutes |
English Language | 40 Q | 40 x 1 = 40 Marks | ||
Quantitative Aptitude | 40 Q | 40 x 1 = 40 Marks | ||
General Awareness | 40 Q | 40 x 1 = 40 Marks | ||
Total | 160 Q | 160 Marks |
Note: Phase-1 is a qualifying paper. Marks obtained in Phase-1 will not be counted for interview or final selection. The exam will be bilingual (i.e., Hindi/English), except the English Language section.
Mode of Examination
IRDA Examination shall be held as a Computer Based Test. Questions shall be based on Multiple Choice Objective Type.
Marking Scheme
1/4th mark will be deducted for each wrong answer.
Important Facts:
1. Paper Language: Hindi & English (English Language Test Shall Only be available in English)
2. Tests will be provided in English and Hindi (except test of English Language which will be provided only in English)
3. There
...IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
EXAM PATTERN
Phases of IRDAI AM Exam
Phase | Name of the Exam | Type of Exam |
Phase-I | Online Preliminary Examination | Objective Type |
Phase-II | Descriptive Examination | Descriptive (Written exam) Type |
Phase-III | Interview | —— |
There are a total of three Phases in the recruitment of IRDAI Assistant Manager recruitment.
Phase -I ( Objective type ) Examination
The paper-1 examination is the first stage of the recruitment process. The paper-1 examination consists of four sections quantitative aptitude, reasoning, English and general awareness and 40 questions from each section and 40 marks are awarded to each section. The paper-1 examination is for 90 minutes.
Test Mode | Name of Test | No. of Questions | Maximum Marks | Separate Time/ Total Time |
Objective Type Online Computer Based Test | Reasoning | 40 Q | 40 x 1 = 40 Marks | 90 Minutes |
English Language | 40 Q | 40 x 1 = 40 Marks | ||
Quantitative Aptitude | 40 Q | 40 x 1 = 40 Marks | ||
General Awareness | 40 Q | 40 x 1 = 40 Marks | ||
Total | 160 Q | 160 Marks |
Note: Phase-1 is a qualifying paper. Marks obtained in Phase-1 will not be counted for interview or final selection. The exam will be bilingual (i.e., Hindi/English), except the English Language section.
Mode of Examination
IRDA Examination shall be held as a Computer Based Test. Questions shall be based on Multiple Choice Objective Type.
Marking Scheme
1/4th mark will be deducted for each wrong answer.
Important Facts:
1. Paper Language: Hindi & English (English Language Test Shall Only be available in English)
2. Tests will be provided in English and Hindi (except test of English Language which will be provided only in English)
3. There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.
4. Number of questions answered correctly by a candidate in each Objective Test is considered for arriving at the Corrected Score after applying penalty for wrong answers.
5. The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the Objective Tests held in different sessions to arrive at the Equated Scores *.
6. Scores obtained by candidates in any test are equated to the base form by considering the distribution of scores obtained in all examinations, if the examination is conducted in more than one session.
7. Test-wise scores and scores on total is computed with decimal points up to two digits.
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
ELIGIBILITY CRITERIA
Candidates willing to apply for IRDAI AM Examination are required to fulfil certain conditions to be eligible for it. The candidate who does not satisfy the Eligibility criteria like Age, Minimum educational qualification, etc., their candidature shall be rejected by the authorities. The candidate’s eligibility for IRDA AM Exam is based on the fulfilment of the following conditions:-
1. Nationality
2. IRDAIAM: Age Limit & Relaxations
3. IRDAI AM: Educational Qualifications
Nationality
The candidate must be a citizen of India.
Age Limit
Age: (as on 20.09.2024)
Not below 21 years and not above 30 years as on 20.09.2024 i.e. candidates should have been born not earlier than 21.09.1994 and not later than 20.09.2003 (both days inclusive).
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 | Age Relaxation |
Scheduled Caste / Scheduled Tribe (SC/ST) | 5 years |
Other Backward Classes (OBC) | 3 years |
Persons with Disabilities (PWD) | PWD (SC/ST) – 15 years PWD (OBC) – 13 years PWD (GEN/UR) – 10 years |
Ex-serviceman | 5 years |
Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989 | 5 years |
Employees of IRDAI | To the extent of number of years of such service in IRDAI, subject to a maximum of three years. |
Education Qualification
Candidates must have a Bachelor's degree in any field from a recognised university, or an equivalent certification recognised by the Central Government. English must have been one of the candidate's SSC, HSC, Intermediate, or Graduation subjects. The candidate must have a certificate stating that he or she has passed the qualifying examination as of the date of application registration.
Specialization | Qualification/s required |
Actuarial | Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
Finance | Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA |
Law | Bachelor’s Degree in Law with minimum 60% marks |
IT | 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 |
Research |
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
ELIGIBILITY CRITERIA
Candidates willing to apply for IRDAI AM Examination are required to fulfil certain conditions to be eligible for it. The candidate who does not satisfy the Eligibility criteria like Age, Minimum educational qualification, etc., their candidature shall be rejected by the authorities. The candidate’s eligibility for IRDA AM Exam is based on the fulfilment of the following conditions:-
1. Nationality
2. IRDAIAM: Age Limit & Relaxations
3. IRDAI AM: Educational Qualifications
Nationality
The candidate must be a citizen of India.
Age Limit
Age: (as on 20.09.2024)
Not below 21 years and not above 30 years as on 20.09.2024 i.e. candidates should have been born not earlier than 21.09.1994 and not later than 20.09.2003 (both days inclusive).
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 | Age Relaxation |
Scheduled Caste / Scheduled Tribe (SC/ST) | 5 years |
Other Backward Classes (OBC) | 3 years |
Persons with Disabilities (PWD) | PWD (SC/ST) – 15 years PWD (OBC) – 13 years PWD (GEN/UR) – 10 years |
Ex-serviceman | 5 years |
Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989 | 5 years |
Employees of IRDAI | To the extent of number of years of such service in IRDAI, subject to a maximum of three years. |
Education Qualification
Candidates must have a Bachelor's degree in any field from a recognised university, or an equivalent certification recognised by the Central Government. English must have been one of the candidate's SSC, HSC, Intermediate, or Graduation subjects. The candidate must have a certificate stating that he or she has passed the qualifying examination as of the date of application registration.
Specialization | Qualification/s required |
Actuarial | Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
Finance | Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA |
Law | Bachelor’s Degree in Law with minimum 60% marks |
IT | 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 |
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 |
Generalist | Graduation with minimum 60% marks |
Note:
1. Candidates should possess knowledge of computer operations.
2. All the educational qualifications mentioned should be from a University/Institution/ Board recognized by Govt. of India/approved by Govt. Regulatory Bodies.
3. Candidates may opt to apply either of Actuarial/ Accounts/ Legal/ IT/ Research as per the respective streams and/or Generalist as per their educational qualifications. Separate on-line application for each stream will have to be submitted and requisite fee is to be paid for each application. In case a candidate applies more than once in a Single Specialization and/or applies for more than 2 Specializations (apart from Generalist Stream), only the latest applications shall be considered valid and the other applications shall be rejected and fee/ intimation charges against them will be forfeited. Selection will be on the basis of option exercised and performance as per cut-off marks.
4. In case of candidates belonging to SC/ST categories, relaxation in educational standards to the extent of 5% marks is allowed at Bachelor’s Degree.
5. Where Universities/Institutes have not awarded Class or percentage of marks and allotted Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.),
a. But defined criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted;
b. But has not defined criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificate, the undefined parameter(s) will be worked out as under:
Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale | Class / Division | Aggregate Percentage of Marks |
6.75 | I (First) | 60 % |
6.75 | II (Second) | 55 % |
5.75 | II (Second) | 50 % |
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
Event | Dates |
Application Begin | 21/08/2024 |
Last Date for Apply Online | 20/09/2024 |
Fee Payment Last Date | 20/09/2024 |
Phase I CBT Exam Date | 06/11/2024 |
Phase II Exam Date | 21/12/2024 |
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
Event | Dates |
Application Begin | 21/08/2024 |
Last Date for Apply Online | 20/09/2024 |
Fee Payment Last Date | 20/09/2024 |
Phase I CBT Exam Date | 06/11/2024 |
Phase II Exam Date | 21/12/2024 |
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
SELECTION PROCESS
The candidates will undergo 3 stages of the selection process.
1. Online Preliminary Examination.
2. Descriptive Examination
3. Interview
STUDY PLAN
The only deciding factor for the selection or rejection of a candidate is the Strategy & Planning which is used by them for their preparation for the IRDA Examination. A good and result-oriented Strategy & Planning for the examination will definitely allow the candidates to make their way through IRDA Examination.
The foremost step in planning involves preparing a study plan based on the Syllabus.
1. Month-by-month study schedule: This should give you an idea of what you need to cover each month. Each subject in Phase I, for example, necessitates a month of preparation.
2. Week-by-week study schedule: To accomplish this, divide the curriculum into weeks in order to complete the syllabus as quickly as possible. Weekends should be reserved for revision.
3. A day-by-day study plan should reiterate the subtopics that must be addressed on a given day.
4. Hour-by-hour study plan: This implies that you have a set schedule and understand what you need to do when. Consider beginning your day by reading current events in newspapers or watching television, whichever you prefer. Then, plan 3-3-2 hours of study time throughout the day. An 8-hour study session at the beginning of the preparation period is adequate. Don't grill yourself and expend all of your energy right now. Put it aside for later, when the exam is only a few weeks away.
TIPS & TRICKS
During exam preparation, candidates should follow certain tips, and some of the useful tips used by experts are listed below:
1. Learn about the IRDAI Assistant Manager Exam Pattern and Syllabus.
Before beginning full-fledged preparation, it is critical to have a thorough understanding of the IRDAI Assistant Manager Exam Pattern and Syllabus. The examination is divided into three sections:
IRDAI Assistant Manager Phase I or Prelims
IRDAI Assistant Manager Phase II or Mains
Interview
The first phase of this exam is the prelims elimination round. Despite the fact that it is a qualifying round, it is critical to prepare thoroughly in order to advance to the Mains round.
2. IRDAI Assistant Manager Prelims Section-by-Section Study
The IRDAI Assistant Manager exam is divided into four sections, each of which requires equal attention during the preparation process.
3. Mock Test-Based Learning Methodology
Mock exams should be given equal weight when studying for the IRDAI Assistant Manager exam. Previous year's top scorers advocate a mock-test-centric learning strategy, particularly during the final two months before prelims.
Candidates must prepare for the key topics concurrently with the prelims because there is only a two-week break between the prelims and the Mains.
4. Exam Preparation necessitates a substantial amount of revision.
Along with preparation, candidates should revise it on a regular basis. Keep your weekends free to go over what you've learned throughout the week. This will help you remember the concepts you study so that you can perform well on the exam.
5. Examine Previous Year Cut-Offs
Analyzing previous year papers will allow you to analyse the type of questions asked in the paper and determine the depth of each subject.
IRDAI ASSISTANT MANAGER FREQUENTLY ASKED QUESTIONS (FAQ)
FAQ RELATED TO IRDA ASSISTANT MANAGER GENERAL QUERY
QUERY | RESPONSE |
What is the minimum age to apply for the IRDAI exam? | A candidate enrolling for the IRDAI test must be between the ages of 21 and 33. |
Does the IRDAI Exam have a negative marking policy? | Yes, 0.25 points will be deducted for each incorrect response. |
Is there a set syllabus for the tests administered by the IRDAI? | No, the authorities have not proclaimed a certain or defined curriculum. However, the subjects addressed in this article and past years' papers provide a good overview of the curriculum. |
What if I don't answer a question correctly on the IRDAI exam? | If a candidate does not answer a question, i.e. leaves the answer sheet blank, no marks will be awarded or removed for that question. |
How long does the IRDAI Assistant Manager paper-2 examination last? | The IRDAI assistant manager each paper of the descriptive test lasts 60 minutes or 1 hour. |
How many questions are in the IRDAI Assistant Manager Mains Exam? |
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
SELECTION PROCESS
The candidates will undergo 3 stages of the selection process.
1. Online Preliminary Examination.
2. Descriptive Examination
3. Interview
STUDY PLAN
The only deciding factor for the selection or rejection of a candidate is the Strategy & Planning which is used by them for their preparation for the IRDA Examination. A good and result-oriented Strategy & Planning for the examination will definitely allow the candidates to make their way through IRDA Examination.
The foremost step in planning involves preparing a study plan based on the Syllabus.
1. Month-by-month study schedule: This should give you an idea of what you need to cover each month. Each subject in Phase I, for example, necessitates a month of preparation.
2. Week-by-week study schedule: To accomplish this, divide the curriculum into weeks in order to complete the syllabus as quickly as possible. Weekends should be reserved for revision.
3. A day-by-day study plan should reiterate the subtopics that must be addressed on a given day.
4. Hour-by-hour study plan: This implies that you have a set schedule and understand what you need to do when. Consider beginning your day by reading current events in newspapers or watching television, whichever you prefer. Then, plan 3-3-2 hours of study time throughout the day. An 8-hour study session at the beginning of the preparation period is adequate. Don't grill yourself and expend all of your energy right now. Put it aside for later, when the exam is only a few weeks away.
TIPS & TRICKS
During exam preparation, candidates should follow certain tips, and some of the useful tips used by experts are listed below:
1. Learn about the IRDAI Assistant Manager Exam Pattern and Syllabus.
Before beginning full-fledged preparation, it is critical to have a thorough understanding of the IRDAI Assistant Manager Exam Pattern and Syllabus. The examination is divided into three sections:
IRDAI Assistant Manager Phase I or Prelims
IRDAI Assistant Manager Phase II or Mains
Interview
The first phase of this exam is the prelims elimination round. Despite the fact that it is a qualifying round, it is critical to prepare thoroughly in order to advance to the Mains round.
2. IRDAI Assistant Manager Prelims Section-by-Section Study
The IRDAI Assistant Manager exam is divided into four sections, each of which requires equal attention during the preparation process.
3. Mock Test-Based Learning Methodology
Mock exams should be given equal weight when studying for the IRDAI Assistant Manager exam. Previous year's top scorers advocate a mock-test-centric learning strategy, particularly during the final two months before prelims.
Candidates must prepare for the key topics concurrently with the prelims because there is only a two-week break between the prelims and the Mains.
4. Exam Preparation necessitates a substantial amount of revision.
Along with preparation, candidates should revise it on a regular basis. Keep your weekends free to go over what you've learned throughout the week. This will help you remember the concepts you study so that you can perform well on the exam.
5. Examine Previous Year Cut-Offs
Analyzing previous year papers will allow you to analyse the type of questions asked in the paper and determine the depth of each subject.
IRDAI ASSISTANT MANAGER FREQUENTLY ASKED QUESTIONS (FAQ)
FAQ RELATED TO IRDA ASSISTANT MANAGER GENERAL QUERY
QUERY | RESPONSE |
What is the minimum age to apply for the IRDAI exam? | A candidate enrolling for the IRDAI test must be between the ages of 21 and 33. |
Does the IRDAI Exam have a negative marking policy? | Yes, 0.25 points will be deducted for each incorrect response. |
Is there a set syllabus for the tests administered by the IRDAI? | No, the authorities have not proclaimed a certain or defined curriculum. However, the subjects addressed in this article and past years' papers provide a good overview of the curriculum. |
What if I don't answer a question correctly on the IRDAI exam? | If a candidate does not answer a question, i.e. leaves the answer sheet blank, no marks will be awarded or removed for that question. |
How long does the IRDAI Assistant Manager paper-2 examination last? | The IRDAI assistant manager each paper of the descriptive test lasts 60 minutes or 1 hour. |
How many questions are in the IRDAI Assistant Manager Mains Exam? | The IRDAI assistant manager Mains examination consists of 200 questions. |
How many sections are there in the IRDAI paper-1 exam? | There are a total of four sections in the IRDAI paper-1 examination. They are English, quantitative aptitude, reasoning and general awareness. |
What is the total number of questions asked in paper-1 and paper-2 examination? | There are 160 questions asked in paper-1 and 100 questions in descriptive examination. |
Where can I get the IRDAI Result? | The instructions are simple to follow and will take you to the official website where you can get the IRDAI Result. |
What is the cut-off for the IRDAI Exam? | The IRDAIExam cut-off is the minimum number of points necessary to advance to the next stage of the selection process. |
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
IRDAI AM CAREER PROSPECTS
The selected candidates from all the specializations will be placed in the Common Seniority. The seniority among these officers will be decided on the basis of the ranking secured by the selected candidates. There are reasonable prospects for promotion to higher grades and positions as well.
The selected candidates will be placed on a probation period of 1 year which may or may not be extended. The maximum probation period can be 2 years from the date of joining.
IRDAI AM JOB PROFILE
Roles & Responsibilities are:
1. To safeguard the interest of policyholders.
2. Keeps a check on scams and frauds by setting standards and conduct vigilance.
3. Ensure fair dealing in the market.
4. Regulates the development of other Insurance Companies to benefit the customers who are investing in policies seeking safety.
SALIENT FEATURES
Particulars | Details |
Full Exam Name | Assistant Manager in The Insurance Regulatory and Development Authority of India |
Short Exam Name | IRDAI Assistant Manager |
Conducting Body | The Insurance Regulatory and Development Authority of India (IRDAI) |
Vacancy | 49 |
Mode of Application | Online |
Mode of Exam | Online |
Mode of Counselling | Online |
Duration of exam | 90 minutes - Paper 1 examination |
Type of Questions | Paper- 1: Objective or MCQ |
Total number of questions | 160 questions for paper-1 examination |
Official Website |
VACANCY DETAILS:
IRDAI invites applications from eligible Indian citizens for filling up 49 posts in Assistant Manager (AM) grade through open competition on all India basis for its various offices. Selection will be through a country-wide competitive Phase I - “On-line Preliminary Examination (objective type)” followed by Phase II - “Descriptive Examination” at select Centres and Phase III - Interview. Category-wise number of vacancies is as under:
Name of the Post | Unreserved i.e. General (GEN/UR) | Unreserved i.e. General (GEN/UR) | Other Backward Classes (OBC) | Scheduled Castes (SC) | Scheduled Castes (SC) |
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
IRDAI AM CAREER PROSPECTS
The selected candidates from all the specializations will be placed in the Common Seniority. The seniority among these officers will be decided on the basis of the ranking secured by the selected candidates. There are reasonable prospects for promotion to higher grades and positions as well.
The selected candidates will be placed on a probation period of 1 year which may or may not be extended. The maximum probation period can be 2 years from the date of joining.
IRDAI AM JOB PROFILE
Roles & Responsibilities are:
1. To safeguard the interest of policyholders.
2. Keeps a check on scams and frauds by setting standards and conduct vigilance.
3. Ensure fair dealing in the market.
4. Regulates the development of other Insurance Companies to benefit the customers who are investing in policies seeking safety.
SALIENT FEATURES
Particulars | Details |
Full Exam Name | Assistant Manager in The Insurance Regulatory and Development Authority of India |
Short Exam Name | IRDAI Assistant Manager |
Conducting Body | The Insurance Regulatory and Development Authority of India (IRDAI) |
Vacancy | 49 |
Mode of Application | Online |
Mode of Exam | Online |
Mode of Counselling | Online |
Duration of exam | 90 minutes - Paper 1 examination |
Type of Questions | Paper- 1: Objective or MCQ |
Total number of questions | 160 questions for paper-1 examination |
Official Website |
VACANCY DETAILS:
IRDAI invites applications from eligible Indian citizens for filling up 49 posts in Assistant Manager (AM) grade through open competition on all India basis for its various offices. Selection will be through a country-wide competitive Phase I - “On-line Preliminary Examination (objective type)” followed by Phase II - “Descriptive Examination” at select Centres and Phase III - Interview. Category-wise number of vacancies is as under:
Name of the Post | Unreserved i.e. General (GEN/UR) | Unreserved i.e. General (GEN/UR) | Other Backward Classes (OBC) | Scheduled Castes (SC) | Scheduled Castes (SC) | Total |
Assistant Manager | 21 | 04 | 12 | 08 | 04 | 49 |
SALARY STRUCTURE
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 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 selected candidates 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. 1,46,000/- (excluding qualification allowance, wherever applicable). Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).
IMPORTANT DATES:
Event | Dates |
Application Begin | 21/08/2024 |
Last Date for Apply Online | 20/09/2024 |
Fee Payment Last Date | 20/09/2024 |
Phase I CBT Exam Date | 06/11/2024 |
Phase II Exam Date | 21/12/2024 |
EXAM PATTERN
Phases of IRDAI AM Exam
Phase | Name of the Exam | Type of Exam |
Phase-I | Online Preliminary Examination | Objective Type |
Phase-II | Descriptive Examination | Descriptive (Written exam) Type |
Phase-III | Interview | —— |
There are a total of three Phases in the recruitment of IRDAI Assistant Manager recruitment.
Phase -I ( Objective type ) Examination
The paper-1 examination is the first stage of the recruitment process. The paper-1 examination consists of four sections quantitative aptitude, reasoning, English and general awareness and 40 questions from each section and 40 marks are awarded to each section. The paper-1 examination is for 90 minutes.
Test Mode | Name of Test | No. of Questions | Maximum Marks | Separate Time/ Total Time |
Objective Type Online Computer Based Test | Reasoning | 40 Q | 40 x 1 = 40 Marks | 90 Minutes |
English Language | 40 Q | 40 x 1 = 40 Marks | ||
Quantitative Aptitude | 40 Q | 40 x 1 = 40 Marks | ||
General Awareness | 40 Q | 40 x 1 = 40 Marks | ||
Total | 160 Q | 160 Marks |
Note: Phase-1 is a qualifying paper. Marks obtained in Phase-1 will not be counted for interview or final selection. The exam will be bilingual (i.e., Hindi/English), except the English Language section.
Paper-II ( Descriptive ) Examination
The paper-2 examination will be the second stage of the recruitment process. The paper-2 examination is also known as descriptive examination. It consists of three papers for the examination such as English, economics, and social issues affecting insurance, insurance and management. The duration of each paper is 60 minutes or 1 hour. The marks awarded for each paper is 100 marks.
Name of Paper | Type of Paper | Marks | Time (Minutes) |
Paper-I: English | Descriptive (Questions will appear on screen and answers have to be written on answer sheets) | 100 | 60 |
Paper-II: Economic and Social Issues impacting Insurance | 100 | 60 | |
Paper-III: Insurance and Management | 100 | 60 |
Phase III – Interview
This is the last stage of the recruitment process. Candidates with high scores will advance to this phase, and the specialisation and general positions will have a different intake than in the previous examination.
The final selection of candidates for the vacancies will be based on the candidate's performance in Phase II of the descriptive examination and the interview scores taken together in the order of merit, with a weightage of 85:15 for the descriptive examination and interview.
Mode of Examination
IRDA Examination shall be held as a Computer Based Test. Questions shall be based on Multiple Choice Objective Type.
Marking Scheme
1/4th mark will be deducted for each wrong answer.
Important Facts:
1. Paper Language: Hindi & English (English Language Test Shall Only be available in English)
2. Tests will be provided in English and Hindi (except test of English Language which will be provided only in English)
3. There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.
4. Number of questions answered correctly by a candidate in each Objective Test is considered for arriving at the Corrected Score after applying penalty for wrong answers.
5. The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the Objective Tests held in different sessions to arrive at the Equated Scores *.
6. Scores obtained by candidates in any test are equated to the base form by considering the distribution of scores obtained in all examinations, if the examination is conducted in more than one session.
7. Test-wise scores and scores on total is computed with decimal points up to two digits.
ELIGIBILITY CRITERIA
Candidates willing to apply for IRDAI AM Examination are required to fulfil certain conditions to be eligible for it. The candidate who does not satisfy the Eligibility criteria like Age, Minimum educational qualification, etc., their candidature shall be rejected by the authorities. The candidate’s eligibility for IRDA AM Exam is based on the fulfilment of the following conditions:-
1. Nationality
2. IRDAIAM: Age Limit & Relaxations
3. IRDAI AM: Educational Qualifications
Nationality
The candidate must be a citizen of India.
Age-Limit
Age: (as on 20.09.2024)
Not below 21 years and not above 30 years as on 20.09.2024 i.e. candidates should have been born not earlier than 21.09.1994 and not later than 20.09.2003 (both days inclusive).
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 | Age Relaxation |
Scheduled Caste / Scheduled Tribe (SC/ST) | 5 years |
Other Backward Classes (OBC) | 3 years |
Persons with Disabilities (PWD) | PWD (SC/ST) – 15 years PWD (OBC) – 13 years PWD (GEN/UR) – 10 years |
Ex-serviceman | 5 years |
Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989 | 5 years |
Employees of IRDAI | To the extent of number of years of such service in IRDAI, subject to a maximum of three years. |
Education Qualification
Candidates must have a Bachelor's degree in any field from a recognised university, or an equivalent certification recognised by the Central Government. English must have been one of the candidate's SSC, HSC, Intermediate, or Graduation subjects. The candidate must have a certificate stating that he or she has passed the qualifying examination as of the date of application registration.
Specialization | Qualification/s required |
Actuarial | Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
Finance | Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA |
Law | Bachelor’s Degree in Law with minimum 60% marks |
IT | 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 |
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 |
Generalist | Graduation with minimum 60% marks |
Note:
1. Candidates should possess knowledge of computer operations.
2. All the educational qualifications mentioned should be from a University/Institution/ Board recognized by Govt. of India/approved by Govt. Regulatory Bodies.
3. Candidates may opt to apply either of Actuarial/ Accounts/ Legal/ IT/ Research as per the respective streams and/or Generalist as per their educational qualifications. Separate on-line application for each stream will have to be submitted and requisite fee is to be paid for each application. In case a candidate applies more than once in a Single Specialization and/or applies for more than 2 Specializations (apart from Generalist Stream), only the latest applications shall be considered valid and the other applications shall be rejected and fee/ intimation charges against them will be forfeited. Selection will be on the basis of option exercised and performance as per cut-off marks.
4. In case of candidates belonging to SC/ST categories, relaxation in educational standards to the extent of 5% marks is allowed at Bachelor’s Degree.
5. Where Universities/Institutes have not awarded Class or percentage of marks and allotted Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.),
a. But defined criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted;
b. But has not defined criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificate, the undefined parameter(s) will be worked out as under:
Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale | Class / Division | Aggregate Percentage of Marks |
6.75 | I (First) | 60 % |
6.75 | II (Second) | 55 % |
5.75 | II (Second) | 50 % |
HOW CAN APPLY:
The application process is online, Applicants who meet the eligibility criteria can fill out the application form. The application process involves several steps, such as registering, completing the application form, uploading the required documents, paying the fee, and final submission. Candidates only need to fill out the application form with correct details, otherwise, you are responsible for rejection.
STEPS TO FILL ONLINE APPLICATION FORM
The steps to apply for IRDAI AM Application Form are as follows:
STEP 1. Visit the official website of IRDAI
STEP 2. Click on ‘Employment’ tab on the homepage.and then click on the option “Recruitment for the post of Assistant Manager”..
STEP 3. Click on the ‘New registration’ link.
STEP 4. Now, register by filling in the details in the asked fields.
STEP 5. After which, a registration ID and password will be sent to your provided email Id and phone number.
STEP 6. Now, Login using the registration ID and password.
STEP 7. Candidates should upload their scanned photograph and signature. They should ensure that they adhere to the requirements given in the official notification with regard to the scanned photograph and signature.
STEP 8. Finally, make the payment of the application form.
STEP 9. Candidates should fill in all the required details and then check the information carefully by clicking on ‘Preview’ before “FINAL SUBMIT”.
STEP 10. Once again, check all the details and submit your application form.
APPLICATION FEE
Category | Application Fee |
All Other Categories | Rs.750 (inclusive of examination fee and intimation charges |
SC/ST/PWBD | Rs. 100/- |
EXAM CENTRE:
Sl. No | State and Union Territories | Name of the examination centre (City) |
1 | Andhra Pradesh | Vijayawada/ Guntur |
2 | Assam | Guwahati |
3 | Arunachal Pradesh | |
4 | Mizoram | |
5 | Manipur | |
6 | Meghalaya | |
7 | Nagaland | |
8 | Tripura | |
9 | Bihar | Patna |
10 | Chhattisgarh | Raipur |
11 | Delhi | Delhi/ NCR |
12 | Gujarat | Ahmedabad/ Gandhinagar/ Surat |
13 | Goa | Panaji |
14 | Haryana | Ambala / Hisar |
15 | Himachal Pradesh | Shimla / Solan |
16 | Jharkhand | Ranchi |
17 | Karnataka | Bengaluru |
18 | Kerala | Thiruvananthapuram |
19 | Madhya Pradesh | Bhopal |
20 | Maharashtra | Mumbai / Navi Mumbai / Thane/ MMR Region |
21 | Odisha | Bhubaneshwar |
22 | Punjab | Mohali / Jalandhar |
23 | Rajasthan | Jaipur / Sikar / Kota |
24 | Sikkim | Gangtok – Bardang |
25 | Tamilnadu | Chennai |
26 | Telangana | Hyderabad |
27 | Uttar Pradesh | Lucknow |
28 | Uttarakhand | Dehradun |
29 | West Bengal | Kolkatta |
30 | Andaman & Nicobar Islands | Port Blair |
31 | Chandigarh | Chandigarh – Mohali |
32 | Lakshadweep Islands | Kawaratti |
33 | Puducherry | Puducherry |
34 | Jammu & Kashmir | Srinagar / Samba / Jammu |
35 | Ladakh | Leh |
ADMIT CARD
Candidates can follow the below-mentioned steps to download admit card for the IRDAI AM exam:
Step 1: First step would be to open the official website of IRDAI
Step 2: Next, go to the employment section on the top right corner of the website, once it opens up.
Step 3: You will find the admit card notification under the subsection called Employment notice. All employment related links will be available here.
Step 4: Once you find the IRDAI Assistant Manager admit card download link, click on it. The website will ask you for login credentials.
Step 5: Fill in your login credentials to check your admit card and download it.
Step 6: Download the PDF available on the screen and take a print of it, if possible then.
EXAM RESULT
Step 1: Visit the IRDAI website.
Step 2: You will be diverted to the IRDAI Home Page.
Step 3: On the Homepage of the website, look for ‘IRDAI Assistant Manager Results 2024’ link.
Step 4: After this, the candidate will be diverted to the login page.
Step 5: Enter the details required and click the submit button.
Step 6: Your result will be displayed on the screen. Make a printout of the result sheet for additional reference.
SELECTION PROCESS:
The candidates will undergo 3 stages of the selection process as part of the IRDAI Assistant Manager Recruitment. Details of the same are explained below:
Phase I - On-line Preliminary Examination (Objective Type). This is a qualifying examination to be eligible for Phase II - Descriptive Examination. Through this, candidates for Actuarial, Finance, Law, IT, Research streams and Generalist stream shall be shortlisted for Phase II - Descriptive Examination as per standards to be decided 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.
Phase II - Descriptive Examination comprising 3 Papers (Paper I, II and III).
Phase III - Interview
1. Candidates for Actuarial, Finance, Law, IT, Research and Generalist 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.
2. The minimum cut-off marks for being shortlisted for Phase III - Interview shall be decided for each stream by IRDAI. The cut-off marks for each of the streams may be same or different.
3. Final selection shall be based on the performance and merit of the candidates in Phase II - Descriptive Examination and Phase III – Interview, taken together
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
SALIENT FEATURES
Particulars | Details |
Full Exam Name | Assistant Manager in The Insurance Regulatory and Development Authority of India |
Short Exam Name | IRDAI Assistant Manager |
Conducting Body | The Insurance Regulatory and Development Authority of India (IRDAI) |
Vacancy | 49 |
Mode of Application | Online |
Mode of Exam | Online |
Mode of Counselling | Online |
Duration of exam | 90 minutes - Paper 1 examination |
Type of Questions | Paper- 1: Objective or MCQ |
Total number of questions | 160 questions for paper-1 examination |
Official Website |
VACANCY DETAILS:
IRDAI invites applications from eligible Indian citizens for filling up 49 posts in Assistant Manager (AM) grade through open competition on all India basis for its various offices. Selection will be through a country-wide competitive Phase I - “On-line Preliminary Examination (objective type)” followed by Phase II - “Descriptive Examination” at select Centres and Phase III - Interview. Category-wise number of vacancies is as under:
Name of the Post | Unreserved i.e. General (GEN/UR) | Unreserved i.e. General (GEN/UR) | Other Backward Classes (OBC) | Scheduled Castes (SC) | Scheduled Castes (SC) | Total |
Assistant Manager | 21 | 04 | 12 | 08 | 04 | 49 |
SALARY STRUCTURE
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 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 selected candidates will be fixed at the minimum of basic pay in the scale of pay appl
...IRDAI AM EXAMINATION 2024: LATEST UPDATE
Insurance Regulatory and Development Authority of India (IRDAI) was released on 21 August 2024 on the official website, announcing 49 vacancies for the post of Assistant Manager grade through open competition on all India basis for its various offices. Candidates can apply online from 21th August to 20th September 2024, Admit Card will be released on 24th October 2024. As per the official notification IRDAI AM Phase I CBT exam will be conducted on 06th November 2024 and Phase II CBT exam will be conducted on 21th December 2024.
OVERVIEW:
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established by the Insurance Regulatory and Development Authority Act, 1999. Its mission is to protect policyholder interests while also regulating and developing the insurance industry. IRDAI invites applications from eligible Indian citizens to fill the position of Assistant Manager in its various offices through open competition on an all-India basis. IRDAI Assistant Manager recruitment occurs for a variety of specializations including Actuarial, Accounting, Legal, and General.
SALIENT FEATURES
Particulars | Details |
Full Exam Name | Assistant Manager in The Insurance Regulatory and Development Authority of India |
Short Exam Name | IRDAI Assistant Manager |
Conducting Body | The Insurance Regulatory and Development Authority of India (IRDAI) |
Vacancy | 49 |
Mode of Application | Online |
Mode of Exam | Online |
Mode of Counselling | Online |
Duration of exam | 90 minutes - Paper 1 examination |
Type of Questions | Paper- 1: Objective or MCQ |
Total number of questions | 160 questions for paper-1 examination |
Official Website |
VACANCY DETAILS:
IRDAI invites applications from eligible Indian citizens for filling up 49 posts in Assistant Manager (AM) grade through open competition on all India basis for its various offices. Selection will be through a country-wide competitive Phase I - “On-line Preliminary Examination (objective type)” followed by Phase II - “Descriptive Examination” at select Centres and Phase III - Interview. Category-wise number of vacancies is as under:
Name of the Post | Unreserved i.e. General (GEN/UR) | Unreserved i.e. General (GEN/UR) | Other Backward Classes (OBC) | Scheduled Castes (SC) | Scheduled Castes (SC) | Total |
Assistant Manager | 21 | 04 | 12 | 08 | 04 | 49 |
SALARY STRUCTURE
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 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 selected candidates 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. 1,46,000/- (excluding qualification allowance, wherever applicable). Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).
IMPORTANT DATES:
Event | Dates |
Application Begin | 21/08/2024 |
Last Date for Apply Online | 20/09/2024 |
Fee Payment Last Date | 20/09/2024 |
Phase I CBT Exam Date | 06/11/2024 |
Phase II Exam Date | 21/12/2024 |
EXAM PATTERN
Phases of IRDAI AM Exam
Phase | Name of the Exam | Type of Exam |
Phase-I | Online Preliminary Examination | Objective Type |
Phase-II | Descriptive Examination | Descriptive (Written exam) Type |
Phase-III | Interview | —— |
There are a total of three Phases in the recruitment of IRDAI Assistant Manager recruitment.
Phase -I ( Objective type ) Examination
The paper-1 examination is the first stage of the recruitment process. The paper-1 examination consists of four sections quantitative aptitude, reasoning, English and general awareness and 40 questions from each section and 40 marks are awarded to each section. The paper-1 examination is for 90 minutes.
Test Mode | Name of Test | No. of Questions | Maximum Marks | Separate Time/ Total Time |
Objective Type Online Computer Based Test | Reasoning | 40 Q | 40 x 1 = 40 Marks | 90 Minutes |
English Language | 40 Q | 40 x 1 = 40 Marks | ||
Quantitative Aptitude | 40 Q | 40 x 1 = 40 Marks | ||
General Awareness | 40 Q | 40 x 1 = 40 Marks | ||
Total | 160 Q | 160 Marks |
Note: Phase-1 is a qualifying paper. Marks obtained in Phase-1 will not be counted for interview or final selection. The exam will be bilingual (i.e., Hindi/English), except the English Language section.
Paper-II ( Descriptive ) Examination
The paper-2 examination will be the second stage of the recruitment process. The paper-2 examination is also known as descriptive examination. It consists of three papers for the examination such as English, economics, and social issues affecting insurance, insurance and management. The duration of each paper is 60 minutes or 1 hour. The marks awarded for each paper is 100 marks.
Name of Paper | Type of Paper | Marks | Time (Minutes) |
Paper-I: English | Descriptive (Questions will appear on screen and answers have to be written on answer sheets) | 100 | 60 |
Paper-II: Economic and Social Issues impacting Insurance | 100 | 60 | |
Paper-III: Insurance and Management | 100 | 60 |
Phase III – Interview
This is the last stage of the recruitment process. Candidates with high scores will advance to this phase, and the specialisation and general positions will have a different intake than in the previous examination.
The final selection of candidates for the vacancies will be based on the candidate's performance in Phase II of the descriptive examination and the interview scores taken together in the order of merit, with a weightage of 85:15 for the descriptive examination and interview.
Mode of Examination
IRDAI Examination shall be held as a Computer Based Test. Questions shall be based on Multiple Choice Objective Type.
Marking Scheme
1/4th mark will be deducted for each wrong answer.
Important Facts:
1. Paper Language: Hindi & English (English Language Test Shall Only be available in English)
2. Tests will be provided in English and Hindi (except test of English Language which will be provided only in English)
3. There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.
4. Number of questions answered correctly by a candidate in each Objective Test is considered for arriving at the Corrected Score after applying penalty for wrong answers.
5. The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the Objective Tests held in different sessions to arrive at the Equated Scores *.
6. Scores obtained by candidates in any test are equated to the base form by considering the distribution of scores obtained in all examinations, if the examination is conducted in more than one session.
7. Test-wise scores and scores on total is computed with decimal points up to two digits.
ELIGIBILITY CRITERIA
Candidates willing to apply for IRDAI AM Examination are required to fulfil certain conditions to be eligible for it. The candidate who does not satisfy the Eligibility criteria like Age, Minimum educational qualification, etc., their candidature shall be rejected by the authorities. The candidate’s eligibility for IRDA AM Exam is based on the fulfilment of the following conditions:-
1. Nationality
2. IRDAIAM: Age Limit & Relaxations
3. IRDAI AM: Educational Qualifications
Nationality
The candidate must be a citizen of India.
Age-Limit
Age: (as on 20.09.2024)
Not below 21 years and not above 30 years as on 20.09.2024 i.e. candidates should have been born not earlier than 21.09.1994 and not later than 20.09.2003 (both days inclusive).
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 | Age Relaxation |
Scheduled Caste / Scheduled Tribe (SC/ST) | 5 years |
Other Backward Classes (OBC) | 3 years |
Persons with Disabilities (PWD) | PWD (SC/ST) – 15 years PWD (OBC) – 13 years PWD (GEN/UR) – 10 years |
Ex-serviceman | 5 years |
Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989 | 5 years |
Employees of IRDAI | To the extent of number of years of such service in IRDAI, subject to a maximum of three years. |
Education Qualification
Candidates must have a Bachelor's degree in any field from a recognised university, or an equivalent certification recognised by the Central Government. English must have been one of the candidate's SSC, HSC, Intermediate, or Graduation subjects. The candidate must have a certificate stating that he or she has passed the qualifying examination as of the date of application registration.
Specialization | Qualification/s required |
Actuarial | Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
Finance | Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA |
Law | Bachelor’s Degree in Law with minimum 60% marks |
IT | 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 |
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 |
Generalist | Graduation with minimum 60% marks |
Note:
1. Candidates should possess knowledge of computer operations.
2. All the educational qualifications mentioned should be from a University/Institution/ Board recognized by Govt. of India/approved by Govt. Regulatory Bodies.
3. Candidates may opt to apply either of Actuarial/ Accounts/ Legal/ IT/ Research as per the respective streams and/or Generalist as per their educational qualifications. Separate on-line application for each stream will have to be submitted and requisite fee is to be paid for each application. In case a candidate applies more than once in a Single Specialization and/or applies for more than 2 Specializations (apart from Generalist Stream), only the latest applications shall be considered valid and the other applications shall be rejected and fee/ intimation charges against them will be forfeited. Selection will be on the basis of option exercised and performance as per cut-off marks.
4. In case of candidates belonging to SC/ST categories, relaxation in educational standards to the extent of 5% marks is allowed at Bachelor’s Degree.
5. Where Universities/Institutes have not awarded Class or percentage of marks and allotted Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.),
a. But defined criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted;
b. But has not defined criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificate, the undefined parameter(s) will be worked out as under:
Equivalent CGPA/OGPA/CPI or similar terminologies allotted on a 10 point scale | Class / Division | Aggregate Percentage of Marks |
6.75 | I (First) | 60 % |
6.75 | II (Second) | 55 % |
5.75 | II (Second) | 50 % |
HOW CAN APPLY:
The application process is online, Applicants who meet the eligibility criteria can fill out the application form. The application process involves several steps, such as registering, completing the application form, uploading the required documents, paying the fee, and final submission. Candidates only need to fill out the application form with correct details, otherwise, you are responsible for rejection.
STEPS TO FILL ONLINE APPLICATION FORM
The steps to apply for IRDAI AM Application Form are as follows:
STEP 1. Visit the official website of IRDAI
STEP 2. Click on ‘Employment’ tab on the homepage.and then click on the option “Recruitment for the post of Assistant Manager”..
STEP 3. Click on the ‘New registration’ link.
STEP 4. Now, register by filling in the details in the asked fields.
STEP 5. After which, a registration ID and password will be sent to your provided email Id and phone number.
STEP 6. Now, Login using the registration ID and password.
STEP 7. Candidates should upload their scanned photograph and signature. They should ensure that they adhere to the requirements given in the official notification with regard to the scanned photograph and signature.
STEP 8. Finally, make the payment of the application form.
STEP 9. Candidates should fill in all the required details and then check the information carefully by clicking on ‘Preview’ before “FINAL SUBMIT”.
STEP 10. Once again, check all the details and submit your application form
APPLICATION FEE
Category | Application Fee |
All Other Categories | Rs.750 (inclusive of examination fee and intimation charges |
SC/ST/PWBD | Rs. 100/- |
EXAM CENTRE:
Sl. No | State and Union Territories | Name of the examination centre (City) |
1 | Andhra Pradesh | Vijayawada/ Guntur |
2 | Assam | Guwahati |
3 | Arunachal Pradesh | |
4 | Mizoram | |
5 | Manipur | |
6 | Meghalaya | |
7 | Nagaland | |
8 | Tripura | |
9 | Bihar | Patna |
10 | Chhattisgarh | Raipur |
11 | Delhi | Delhi/ NCR |
12 | Gujarat | Ahmedabad/ Gandhinagar/ Surat |
13 | Goa | Panaji |
14 | Haryana | Ambala / Hisar |
15 | Himachal Pradesh | Shimla / Solan |
16 | Jharkhand | Ranchi |
17 | Karnataka | Bengaluru |
18 | Kerala | Thiruvananthapuram |
19 | Madhya Pradesh | Bhopal |
20 | Maharashtra | Mumbai / Navi Mumbai / Thane/ MMR Region |
21 | Odisha | Bhubaneshwar |
22 | Punjab | Mohali / Jalandhar |
23 | Rajasthan | Jaipur / Sikar / Kota |
24 | Sikkim | Gangtok – Bardang |
25 | Tamilnadu | Chennai |
26 | Telangana | Hyderabad |
27 | Uttar Pradesh | Lucknow |
28 | Uttarakhand | Dehradun |
29 | West Bengal | Kolkatta |
30 | Andaman & Nicobar Islands | Port Blair |
31 | Chandigarh | Chandigarh – Mohali |
32 | Lakshadweep Islands | Kawaratti |
33 | Puducherry | Puducherry |
34 | Jammu & Kashmir | Srinagar / Samba / Jammu |
35 | Ladakh | Leh |
ADMIT CARD
Candidates can follow the below-mentioned steps to download admit card for the IRDAI AM exam:
Step 1: First step would be to open the official website of IRDAI
Step 2: Next, go to the employment section on the top right corner of the website, once it opens up.
Step 3: You will find the admit card notification under the subsection called Employment notice. All employment related links will be available here.
Step 4: Once you find the IRDAI Assistant Manager admit card download link, click on it. The website will ask you for login credentials.
Step 5: Fill in your login credentials to check your admit card and download it.
Step 6: Download the PDF available on the screen and take a print of it, if possible then.
EXAM RESULT
Step 1: Visit the IRDAI website.
Step 2: You will be diverted to the IRDAI Home Page.
Step 3: On the Homepage of the website, look for ‘IRDAI Assistant Manager Results 2024’ link.
Step 4: After this, the candidate will be diverted to the login page.
Step 5: Enter the details required and click the submit button.
Step 6: Your result will be displayed on the screen. Make a printout of the result sheet for additional reference.
SELECTION PROCESS:
The candidates will undergo 3 stages of the selection process as part of the IRDAI Assistant Manager Recruitment. Details of the same are explained below:
Phase I - On-line Preliminary Examination (Objective Type). This is a qualifying examination to be eligible for Phase II - Descriptive Examination. Through this, candidates for Actuarial, Finance, Law, IT, Research streams and Generalist stream shall be shortlisted for Phase II - Descriptive Examination as per standards to be decided 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.
Phase II - Descriptive Examination comprising 3 Papers (Paper I, II and III).
Phase III - Interview
1. Candidates for Actuarial, Finance, Law, IT, Research and Generalist 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.
2. The minimum cut-off marks for being shortlisted for Phase III - Interview shall be decided for each stream by IRDAI. The cut-off marks for each of the streams may be same or different.
3. Final selection shall be based on the performance and merit of the candidates in Phase II - Descriptive Examination and Phase III – Interview, taken together
IMPORTANT LINK
For Official Website - click here
For Official Notification - click here
Insurance Regulatory and Development Authority of India (IRDAI) has released the Assistant Manager 2024 Mains Exam Admit Card...
Posted On: 12 Dec, 2024 | |
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Insurance Regulatory and Development Authority of India (IRDAI) has released the Assistant Manager 2024 Prelims Exam Admit Card...
Posted On: 25 Oct, 2024 | |
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Insurance Regulatory and Development Authority of India (IRDAI) has announced the Assistant Manager 2024 Exam Date...
Posted On: 04 Oct, 2024 | |
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A candidate enrolling for the IRDA test must be between the ages of 21 and 33. For detailed information of IRDA AM exam age limit please click on above Eligibility button.
Yes, 0.25 points will be deducted for each incorrect response in IRDA exam. By clicking on the format button above, you can see the marking scheme of IRDA AM exam, which shows how many marks are assigned to each question and how many marks will be deducted for each wrong answer.
IRDA exam is conducted in three phases – Phase 1 Prelims, Phase 2 Mains and Phase 3- Interview. To know more about the recruitment process of IRDA AM exam, you need to go through the general information button given above.
There are a total of four sections in the IRDA paper-1 examination. They are English, quantitative aptitude, reasoning and general awareness. You can go through the syllabus button above to know more about the important topics of subjects covered in IRDA AM Exam.
There are 160 questions asked in paper-1 prelims examination. To know full detail about IRDA AM Exam Mode, Language, Pattern etc. Go through the format button given above.
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