Insurance Regulatory and Development Authority of India IRDAI Assistant Recruitment 2024 Apply Online

Description

Total Post – 49

Insurance Regulatory and Development Authority of India IRDAI Assistant Manager Recruitment 2024. Those candidates who are interested in this IRDAI Assistant Manager Examination can apply online from 21 August 2024 to 20 September 2024. Read the IRDAI Assistant Manager 49 Post notification for recruitment eligibility, post information, selection procedure, age limit, pay scale and all other information.

Important Dates

• Application Begin : 21/08/2024
• Last Date for Apply Online : 20/09/2024
• Fee Payment Last Date: 20/09/2024
• Exam Date : As per Schedule
• Admit Card Available : Before Exam

Application Fee

• General / OBC/ EWS: 750/-
• SC / ST / PH : 100/-
• Pay the Examination Fee Through Debit Card, Credit Card, Net Banking, IMPS, Cash Card, Mobile Wallet, E Challan

Age Limit as on 20/09/2024

• Minimum Age : 21 Years.
• Maximum Age : 30 Years.
• Age Relaxation Extra as per Insurance Regulatory and Development Authority of India (IRDAI) Assistant Manager Recruitment Rules.

Eligibility

Stream	Total Post			IRDAI Assistant Manager Eligibility
General	24			Bachelor Degree in Any Stream with Minimum 60% Marks.
Law	05			Bachelor Degree in Law (LLB) with Minimum 60% Marks.
Actuarial	05			Bachelor Degree in Any Stream with Minimum 60% Marks and 7 papers passed of IAI as per 2019 curriculum
Finance	05			Bachelor Degree with Minimum 60% Marks ACA/AICWA/ACMA/ACS/CFA Degree
Information Technology IT	05			Bachelor Degree in Any Stream with PG Degree in Computer / IT with 60% Marks OR MCA OR BE / B.Tech Degree in Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks
Research	05			Master Degree OR 2 Year Diploma in Economics / Statistics with Minimum 60% Marks.

 

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Selection Process
The IRDAI Recruitment 2024 Selection Process includes the following stages-

Prelims Written Exam: Objective-based Online Exam (160 Marks)- Qualifying paper
Main Written Exam: Descriptive-based Online Exam (300 Marks)
Interview
Document Verification
Medical Examination

Exam Pattern 

Exam Pattern	Prelims	Mains
No. of Questions	160	Not specified
No. of Marks	160	300
Exam Duration	90 minutes	180 minutes
Type of Questions	Objective	Descriptive

On-line Preliminary Examination

This is a qualifying exam to be eligible for Phase – II, Descriptive Examination. Marks secured in Phase – I On-line Preliminary Exam will not count for interview or final selection. The exam pattern is as follows:

• The exam is of 160 marks in total.
• There will be 160 questions.
• Each question will carry 1 mark.
• There will be a negative marking of ¼ marks for every wrong answer

Descriptive Examination

The descriptive exam will be held in 3 parts, Paper-I,II & III. Candidates are required to appear for all three papers in Phase-II Descriptive Examination in one session. The pattern will be as follows:

• The exam will be descriptive in nature.
• The exam will be divided into 3 papers, each of 100 marks.
• Candidates will get 1 hour for each exam, i.e., 3 hours for the entire exam.

Interview

Candidates who get shortlisted in phase-II descriptive examination will be called in for phase-III, Interview. Here the candidates will be judged for their soft skills, aptitude, knowledge of the concerned field etc. Final selection will be on the basis of the candidate’s performance in Phase – II Descriptive Examination and Interview (combined score) taken together in order of merit.

IRDAI Assistant Manager English Syllabus

Subject	Syllabus
English	English Grammar.
	Vocabulary.
	Comprehension
	Spellings.
	Synonyms & Antonyms
	Correct and Incorrect Usages.

IRDAI Assistant Manager Reasoning Syllabus

Subject	Syllabus
Reasoning	Analogies
	Problem-Solving
	Visual Memory.
	Analysis and Judgement.
	Observation.
	Concepts
	Arithmetical Number Series
	Similarities
	Space Visualization.
	Decision-making.
	Discrimination.
	Arithmetical Reasoning.
	Verbal and figure classification.

IRDAI Assistant Manager Quantitative Aptitude Syllabus

Subject	Syllabus
Quantitative Aptitude	Simplification.
	Surds & Indices
	Ratio & Proportion
	Probability
	Quadratic Equation
	Time & Work.
	Simple Interest & Compound Interest.
	Profit & Loss.
	Permutation & Combination.
	Time & distance
	Mensuration – Cylinder, Cone, Sphere
	Percentage.
	Problems on Ages
	Number Systems
	Average.
	Data Interpretation.
	Sequences & Series.
	Mixtures & Allegations
	Number Series.
	Linear Equation

IRDAI Assistant Manager General Awareness Syllabus

 

Subject	Syllabus
General Awareness	Current Events
	Books and Authors
	Awards and Honors
	Science – Inventions and Discoveries
	Major Financial/ Economic News
	Budget and Five Year Plans.
	Abbreviations
	Important Days
	Sports
	International and National Organizations

IRDAI Assistant Manager Economic and Social Issues Syllabus

Subject

Syllabus

Economic and Social Issues impacting Insurance

Economic Growth, business cycles and Insurance penetration, impact of age structure on 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 Insurance sector to sustainable and responsible development of economy, Insurance Investments in Infrastructure sector Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, role of an Actuary, detariffing 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.

IRDAI Assistant Manager Insurance and Management Syllabus

Subject

Syllabus

Insurance and Management

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. 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.

How to Apply for IRDAI Assistant Manager Recruitment 2024

Candidates willing to apply for IRDAI Assistant Manager Recruitment 2024 can submit the application by following the following steps.

• Visit the official website of Insurance Regulatory and Development Authority of India (IRDAI).
• Click on the “Career” option in the menu bar on the home page.
• In the new page you will see all the recruitments of IRDAI.
• After this, click on the link of ‘IRDAI Assistant Manager Recruitment 2024’.
• Fill all the information asked in the application.
• After this, upload all the documents asked.
• Finally submit IRDAI Assistant Manager Online Form. And take a print out of it.