Comprehensive Guide to IRDAI Assistant Manager Recruitment 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has released an official notification for the recruitment of Assistant Managers in 2024. A total of 49 vacancies have been announced, providing a great opportunity for eligible candidates to secure a prestigious government position. This article provides all the details regarding the recruitment process, including eligibility criteria, post details, selection procedure, age limit, pay scale, and more.
Overview of IRDAI Assistant Manager Recruitment 2024
The IRDAI plays a pivotal role in regulating and developing the insurance industry in India. The recruitment for Assistant Managers is a highly sought-after opportunity, offering candidates a chance to be part of this esteemed organization. Below is an overview of the recruitment:
- Organization: Insurance Regulatory and Development Authority of India (IRDAI)
- Post Name: Assistant Manager
- Total Vacancies: 49
- Job Location: Pan India
- Application Process: Online
Important Dates
- Online Application Start Date: 21/08/2024
- Last Date to Apply Online: 20/09/2024
- Phase I Exam Date: 06/11/2024
- Phase I Result Available: 26/11/2024
- Phase II Exam Date: 21/12/2024
Candidates are advised to regularly check the official IRDAI website for updates on these dates.
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Vacancy Details
The total number of vacancies for the Assistant Manager post is 49. The distribution of these vacancies across categories will be provided in the detailed notification. Generally, the reservations for SC/ST/OBC/EWS and PWD categories will apply as per government norms.
Eligibility Criteria
Before applying, candidates must ensure they meet the eligibility criteria set by IRDAI.
Educational Qualification
- General Stream: A Bachelor’s degree in any discipline with a minimum of 60% marks.
- Actuarial Stream: A Bachelor’s degree in any discipline with a minimum of 60% marks and passing at least 4 actuarial papers from the Institute of Actuaries of India (IAI) or Institute and Faculty of Actuaries (IFoA).
- Finance & Accounts Stream: A Bachelor’s degree in Commerce (B.Com) with a minimum of 60% marks or equivalent and ACA/AICWA/ACMA/ACS/CFA.
- Legal Stream: A Bachelor’s degree in Law (LLB) with a minimum of 60% marks.
- IT Stream: A Bachelor’s degree in Engineering (B.Tech/B.E.) in Computer Science, Information Technology, or equivalent with a minimum of 60% marks.
Age Limit
- Minimum age: 21 years
- Maximum age: 30 years
Age relaxation is applicable as follows:
- SC/ST: 5 years
- OBC: 3 years
- PWD: 10 years
- Other categories as per government norms
Selection Procedure
The selection process for IRDAI Assistant Manager consists of the following stages:
- Phase I: Preliminary Examination
- This is an objective-type examination consisting of sections like English Language, Reasoning Ability, and Quantitative Aptitude.
- The exam duration is 90 minutes, and there is a negative marking for incorrect answers.
- Phase II: Main Examination
- This is a descriptive-type exam conducted online.
- It includes English (Essay and Precis Writing), Economic and Social Issues, and Insurance and Management subjects.
- Interview
- Candidates who qualify for the Phase II examination will be called for an interview.
- The final merit list will be prepared based on marks obtained in the Main Examination and the Interview.
Application Process
Candidates can apply for the IRDAI Assistant Manager recruitment online through the official website. Below are the steps to follow:
- Registration:
- Visit the official IRDAI website https://irdai.gov.in/.
- Click on the recruitment section and select “Apply Online.”
- Register using a valid email ID and phone number.
- Filling the Application Form:
- Log in using the registration credentials.
- Fill in personal, educational, and professional details.
- Uploading Documents:
- Upload scanned copies of your photograph, signature, and required certificates.
- Fee Payment:
- Pay the application fee through online mode (net banking, credit/debit card, or UPI).
- Submission:
- Verify all the details and submit the application form.
- Take a printout of the application form for future reference.
Application Fee
- General/OBC: 750/_
- SC/ST/PWD: 100/_
Pay Scale and Benefits
The selected candidates for the Assistant Manager position will receive an attractive salary along with other benefits.
- Basic Pay: ₹44,500 per month (in the pay scale of ₹44,500 – 1,75,000)
- Other Allowances:
- Dearness Allowance (DA)
- House Rent Allowance (HRA)
- Transport Allowance
- Other perks like medical benefits, insurance coverage, and leave encashment
Exam Pattern
Phase I: Preliminary Examination
- Total Marks: 160
- Duration: 90 minutes
| Section | Number of Questions | Marks |
|---|---|---|
| English Language | 30 | 30 |
| Reasoning Ability | 35 | 35 |
| Quantitative Aptitude | 35 | 35 |
| General Awareness | 50 | 50 |
Phase II: Main Examination
- Mode: Descriptive (Online)
- Total Marks: 300
| Paper | Marks | Duration |
| English (Essay and Precis) | 100 | 60 mins |
| Economic & Social Issues | 100 | 60 mins |
| Insurance & Management Topics | 100 | 60 mins |
Interview
The interview carries significant weightage and assesses the candidate’s communication skills, domain knowledge, and overall suitability for the role.
Preparation Tips
- Understand the Syllabus: Go through the syllabus thoroughly and identify important topics.
- Create a Study Plan: Allocate time for each subject and stick to the schedule.
- Practice Regularly: Solve previous years’ question papers and take mock tests.
- Stay Updated: Keep track of current affairs, especially in the insurance and economic sectors.
- Revise: Regular revision is essential to retain concepts and improve accuracy.
Admit Card and Result
- Admit Card: Candidates can download the Phase II admit card from the official website by entering their registration number and password. The admit card contains details like exam date, time, venue, and instructions.
- Result: Results will be declared on the official IRDAI website after the completion of each phase. Candidates must log in using their credentials to check their results.
