IRDAI Assistant Manager Recruitment 2024 – Notification, Eligibility

The Insurance Regulatory and Development Authority of India (IRDAI Assistant Manager) invites applications for multiple posts including Assistant Managers across streams like general, legal, finance, actuarial, IT each year.

The IRDAI exam offers a lucrative job opportunity for those interested in building regulatory expertise within the insurance domain. The recruits can be involved with key policy initiatives and driving insurance penetration.

This article comprehensively covers all key aspects of IRDAI Assistant Manager recruitment 2024 including the notification, number of vacancies, eligibility criteria, selection process and salary offered at this post.

IRDAI Assistant Manager 2024 Exam Dates

Here are the key IRDAI Assistant Manager 2024 exam dates that candidates should keep track of:

  • Notification Release Date: 2nd week April 2024
  • Online Registration Opening: 3rd week April 2024
  • Registration Closing: 1st week May 2024
  • Phase I Exam Date: 4th week May 2024
  • Phase I Result Date: June 2024
  • Phase II Exam Date: July 2024
  • Final Result: August 2024

Candidates must visit IRDAI website regularly to get updates on exact dates, any schedule changes for the selection process.

Number of Vacancies Available

As per previous recruitment drives, the projected Assistant Manager vacancies in 2024 across domains are:

  • Total Vacancies – Around 60 tentatively
  • Disciplines – General, IT, Legal, Finance & Accounts, Actuarial
  • Reservations – Vacancies reserved for SC/ST/OBC/EWS candidates as per norms

The number of vacancies released are only provisional. The final requirements may vary accordingly.

Eligibility Criteria for IRDAI Assistant Manager

The key eligibility parameters stipulated for candidates applying for IRDAI Assistant Manager exam 2024 are:

1. Nationality and Age

  • Indian citizenship
  • 21-30 years as on cutoff date (relaxation to reserved groups)

2. Educational Qualification

  • Bachelor Degree in any discipline (General)
  • Specialized degree for certain posts like CA, LLB, B.Tech, Actuarial

3. Work Experience – Not Mandatory

Interested candidates must ensure they meet all stipulated eligibility criteria before applying online for the post.

IRDAI Assistant Manager Exam Pattern 2024

The selection process for recruitment in Assistant Manager post has three stages:

1. Preliminary Exam

Section No. of Questions Maximum Marks
Reasoning ability 50 50
Quantitative aptitude & Data interpretation 50 50
English language 50 50
General awareness 50 50
Total 200 200

 

  • Duration: Composite 2 hours
  • Negative Marking: No deductions for wrong answers

2. Main Exam

Section No. of Questions Maximum Marks
Specialized professional knowledge 120 240
English language 30 30
General awareness 30 30
Total 180 300

 

  • Duration: Composite 3 hours
  • Negative Marking: 1/4th deduction for incorrect answers

3. Interview Round

  • For candidates shortlisted based on mains exam score
  • 100 maximum marks

Final selection done based on marks obtained in Mains exam + Interview + Phase I score.

IRDAI Assistant Manager Syllabus 2024

Having a clear understanding of the latest syllabus enables candidates to prepare accordingly:

Phase I – Major Areas

  • Reasoning – Series, Coding Decoding, Inequality, Input-Output, Seating Arrangement
  • Quant – Simplification, Percentage, Time & Work, Time & Distance, Simple & Compound Interest
  • English Language – Reading comprehension, Synonyms & Antonyms, Spotting Errors
  • General Awareness – Current Affairs, Finance, Insurance, Economics, Commerce

Phase II – Key Areas

  • Professional Knowledge – Niche concepts from relevant educational background
  • English Language – Grammar rules, vocabulary
  • General Awareness – Current Affairs, Financial markets, Economy, Budget

The exam tests specialized domain knowledge, aptitude, communication skills and personality judging parameters.

Salary and Allowances for IRDAI Assistant Manager

Besides promising work exposure, the pay and allowances offered to IRDAI Assistant Manager role is quite attractive:

  • Starting Basic Salary – Rs. 53,100 per month approx
  • Total Salary – Rs. 1.10 lakhs per month inclusive of allowances
  • Other Benefits – Leased housing, Medical Coverage, Group Medical Insurance, Telephone Reimbursement, PF, Gratuity
  • Postings – Mostly at IRDAI Head Office, Hyderabad or regional offices

Therefore, recruits can look forward to decent salaries, perks and opportunities to shape the future of insurance ecosystem in India.

How to Apply Online for IRDAI Vacancy

Eligible Indian citizens can fill the online application form through following process:

1) Visit Official IRDAI Website

2) Go to Recruitment Section and search for Assistant Manager notification

3) Read Detailed Advertisement, Ensure Eligibility

4) Register on Portal with Personal, Contact details

5) Fill Form, Upload Documents, Pay Fee & Submit

6) Save and Take Printout of the Application Form

It is imperative for interested aspirants to complete all formalities well before the stipulated timeline to avoid rejection.

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FAQs

How many attempts allowed in IRDAI exam?

General category candidates can attempt maximum 4 times for appearing in IRDAI Assistant Manager recruitment exam.

What documents I need for Phase 2 exam?

Carry the IRDAI call letter print out and original photo ID proof like Aadhar, PAN, Driving License to exam centre.

When will result of Phase 1 exam be announced?

The result for preliminary exam mentioning roll numbers of shortlisted candidates gets uploaded within 15-20 days on the official website.

What will be centers for Phase 2 exam?

The mains exam centers are only in metro cities like Mumbai, Delhi, Kolkata, Chennai and does not happen in all cities.

Whom can I contact for queries on recruitment?

You can write email to IRDAI at [email protected] or contact their recruitment cell helpline 040-20204000 for any queries.

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