IRDAI Assistant Manager 2024 | IRDAI Notification 2024 | All Details
The Insurance Regulatory and Development Authority of India (IRDAI) has announced its IRDAI Assistant Manager Recruitment 2024. As a prestigious central government department under the Ministry of Finance, this recruitment offers an excellent opportunity for aspirants seeking a rewarding career. This article will provide you with comprehensive details about the IRDAI Assistant Manager Recruitment 2024, covering the selection process, eligibility criteria, exam pattern, syllabus, salary, job profile, and more.
IRDAI Assistant Manager Recruitment 2024
IRDAI, an important body in the Indian financial system, regulates and promotes the insurance industry in India. The role of an Assistant Manager in IRDAI is highly coveted, offering a challenging and dynamic work environment. The IRDAI Assistant Manager recruitment 2024 is a nationwide process, open to both male and female candidates. Successful candidates will enjoy a high salary and various benefits, making this position highly attractive.
IRDAI Assistant Manager 2024 Vaccancy Details
| POST NAME | UR | OBC | EWS | ST | SC | TOTAL VACCANCY |
|---|---|---|---|---|---|---|
| Assistant Manager | 21 | 12 | 04 | 08 | 04 | 49 |
IRDAI Assistant Manager 2024 Important Dates
The application process for the IRDAI Assistant Manager Recruitment 2024 began on August 21, 2024, and the last date to submit the online application is September 20, 2024. It is crucial to complete the application process before the deadline to avoid any last-minute issues.
IRDAI Assistant Manager 2024 Application Fee
The application fee for General, OBC, and EWS category candidates is ₹750. For candidates belonging to the SC, ST, and PH categories, the application fee is significantly reduced to ₹100. Ensure that the application fee is paid online as part of the application process.
IRDAI Assistant Manager 2024 Eligibility Criteria
Age Limit
- Minimum Age: 21 years
- Maximum Age: 30 years (as of September 20, 2024)
For General category candidates, it is necessary that they were born between September 21, 1994, and September 20, 2003, to be eligible. Age relaxation is available for candidates belonging to reserved categories:
- OBC: 3 years
- SC/ST: 5 years
IRDAI Assistant Manager 2024 Educational Qualification
Candidates must have a Bachelor’s degree with a minimum of 60% marks for General, OBC, and EWS categories. For SC/ST candidates, the minimum requirement is 55% marks. This qualification criterion is applicable across all streams and universities, making it accessible for a wide range of candidates.
IRDAI Assistant Manager 2024 Selection Procedure
The selection process for the IRDAI Assistant Manager position is divided into three stages:
Stage 1: Preliminary Exam
The preliminary exam is an online objective-type test, consisting of four sections:
- Test of Reasoning: 40 questions, 40 marks
- English Language: 40 questions, 40 marks
- General Awareness: 40 questions, 40 marks
- Quantitative Aptitude: 40 questions, 40 marks
| Sr. No. | Name Of Subject ( Objective ) | No. Of Questions | Maximum Marks | Total Time |
|---|---|---|---|---|
| 1. | Resoning | 40 | 40 | |
| 2. | English Language | 40 | 40 | 90 Minutes |
| 3. | General Awareness | 40 | 40 | |
| 4. | Quantitative Apptitude | 40 | 40 | |
| Total | 160 | 160 |
This stage comprises 160 questions with a total of 160 marks, and candidates are given 90 minutes to complete the exam. There is a penalty for wrong answers, with a deduction of 1/4th Negative mark for each incorrect response.
IRDAI Assistant Manager Previous Year’s Cut-off Marks
The cut-off marks for the preliminary exam in the previous year were as follows:
- General: 85/160
- EWS: 63/160
- OBC: 80/160
- SC: 70/160
- ST: 47/160
- PWD (BD Category): 39/160
IRDAI Assistant Manager 2024 Stage 2: Mains Exam
| Name Of Paper | Type Of Paper | Marks | Time |
|---|---|---|---|
| Paper I : English | 100 | 60 | |
| Paper II : Economic And Social Issues Impacting Insurance | Descriptive Paper : ( Pen And Paper Format ) | 100 | 60 |
| Paper III : Insurance And Management | 100 | 60 |
The mains exam is a descriptive paper conducted in a pen-and-paper format. Although the exam is conducted online, candidates must write their answers on an answer sheet. The main exam consists of three sections:
- English Language: 100 marks, 60 minutes
- Economic and Social Issues Impacting Insurance: 100 marks, 60 minutes
- Insurance and Management: 100 marks, 60 minutes
The total marks for the mains exam are 300, with a total duration of 180 minutes. Candidates can write their answers in either Hindi or English, depending on their medium of instruction.
IRDAI Assistant Manager Previous Year’s Cut-off Marks for Mains Exam
The cut-off marks for the mains exam in the previous year were:
- General: 183/300
- EWS: 168/300
- OBC: 171/300
- SC: 157/300
- ST: 150/300
- PWBD: 146/300
IRDAI Assistant Manager 2024 Stage 3: Personal Interview
Candidates who qualify for the main exam will be called for a personal interview. The interview focuses on the candidate’s mental ability, communication skills, body language, and presence of mind.
IRDAI Assistant Manager Previous Year’s Cut-off Marks for Interview
The cut-off marks for the interview in the previous year were:
- General: 74/100
- EWS: 64/100
- OBC: 67/100
- SC: 66/100
- ST: 65/100
IRDAI Assistant Manager 2024 Final Selection
The final selection is based on the combined marks of the main exam (300 marks) and the personal interview (100 marks). A final merit list will be prepared out of 400 marks, and candidates will be selected according to their rank in this list.
IRDAI Assistant Manager 2024 Exam Syllabus
The syllabus for the IRDAI Assistant Manager exam is vast and covers a wide range of topics.
IRDAI Assistant Manager 2024 Preliminary Exam Syllabus
- Reasoning: Verbal and non-verbal reasoning, logical sequences, syllogisms, analogies, etc.
- English Language: Grammar, comprehension, vocabulary, synonyms, antonyms, sentence correction, etc.
- General Awareness: Current affairs, banking awareness, financial awareness, static GK, etc.
- Quantitative Aptitude: Arithmetic, data interpretation, algebra, geometry, number series, etc.
IRDAI Assistant Manager 2024 Main Exam Syllabus
- English Language: Essay writing, precis writing, comprehension, and letter writing.
- Economic and Social Issues Impacting Insurance: Indian economy, economic reforms, social security, insurance sector in India, government schemes, etc.
- Insurance and Management: Principles of insurance, risk management, insurance regulations, financial management, HR management, etc.
Candidates are advised to study diligently and cover all the topics mentioned in the syllabus. Special books and resources are available online and offline to help candidates prepare effectively for both the preliminary and main exams.
IRDAI Assistant Manager 2024 Salary and Benefits
The IRDAI Assistant Manager 2024 post offers an attractive salary and numerous benefits. The initial basic pay is ₹44,500 per month. Since this is a Group A post, the gross salary, including various allowances, is around ₹1,40,000 per month. After deductions, the net in-hand salary is approximately ₹1,30,000 per month.
IRDAI Assistant Manager 2024 Allowances
Assistant Managers in IRDAI receive several allowances, including:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Travel Allowance (TA)
- Medical Allowance
- Other special allowances
These allowances make the overall salary package highly competitive and desirable.
IRDAI Assistant Manager 2024 Job Profile and Location
The Assistant Manager post at IRDAI is a prestigious office-based position. The job primarily involves overseeing the operations within IRDAI’s regional or branch offices. Assistant Managers typically have their own office space and lead a team of staff members.
IRDAI Assistant Manager 2024 Work Environment
The work environment is highly professional, with a standard 9-to-5 job schedule. Most of the work is computer-based, involving administrative tasks, regulatory oversight, and communication with other departments and stakeholders.
IRDAI Assistant Manager 2024 Job Location
IRDAI’s headquarters are located in Hyderabad, but the organization has branches and regional offices across India. Candidates may be posted anywhere in the country, depending on the organization’s requirements.
IRDAI Assistant Manager 2024 Exam Centers
IRDAI has exam centers in various cities across India. Candidates can choose their preferred exam center while filling out the online application form. The list of exam centers is provided in the official notification.
Important Links
| Apply Online | Click Here |
| Notification PDF | Click Here |
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| Join Our WhatsApp Channel | Click Here |
Conclusion
The IRDAI Assistant Manager Recruitment 2024 is a golden opportunity for candidates looking to build a career in the insurance sector. With an excellent salary, prestigious job profile, and nationwide job postings, this position is highly sought after. Candidates are advised to prepare thoroughly for the exam and ensure that they meet all eligibility criteria before applying.
Online applications are currently being accepted, and interested candidates should apply as soon as possible to avoid any last-minute issues. The detailed syllabus, exam pattern, and preparation tips provided in this article will help candidates prepare effectively for the recruitment process.
Good luck with your application and preparation for the IRDAI Assistant Manager Recruitment 2024!
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