IRDAI Assistant Manager Online Form: The official notification in PDF format for the recruitment of Assistant Managers (AM) at IRDAI has been made available by the Insurance Regulatory and Development Authority of India (IRDAI). 49 Assistant Manager positions in the Actuarial, Generalist, Research, IT, Law, and Finance streams are up for grabs, and the IRDAI wants to fill them.
An interview, a descriptive main exam, and a preliminary exam will be used to choose the candidates. Starting on August 21, 2024, the IRDAI Recruitment 2024 online registration process is available at https://irdai.gov.in.
For information about eligibility, the selection procedure, the exam format, the salary range, and other specifics, interested applicants can read the following article or log into the official website simply.
Table of Contents
- 1 Major Highlights: IRDAI Assistant Manager Recruitment 2024
- 2 Important Dates Related To The Recruitment
- 3 What To Know About Available Vacancies?
- 4 Eligibility Criteria
- 5 Age Limit and Relaxation
- 6 Selection Process
- 7 How To Complete The Application Process?
- 8 Application Fees
- 9 Know About The Exam Pattern
- 10 What Will Be The Salary Structure?
- 11 FAQs
Major Highlights: IRDAI Assistant Manager Recruitment 2024
Let’s take a look at the major highlights related to this recruitment process:
| Criteria | Requirement |
|---|---|
| Organizing Body | Insurance Regulatory and Development Authority of India |
| Name of Post | Assistant Manager |
| Total Posts | 49 |
| IRDAI Assistant Manager Recruitment 2024 Notification | 21st August 2024 |
| Selection Process | Prelims, Mains, Interview, Document Verification & Medical Examination |
| Educational Criteria | Bachelor/Master Degree |
| Age Limit | 21-30 years |
| Salary | Rs. 44500- 89150 |
| IRDAI Official Website Link | www.irdai.gov.in |
Important Dates Related To The Recruitment
Important dates and events of this upcoming recruitment include the following:
| IRDAI Assistant Manager Recruitment 2024 Notification | 21st August 2024 |
| Start Date of Apply Online | 21st August 2024 |
| Last Date of Apply Online | 20th September 2024 |
| Prelims Exam Date | To Be Notified Soon |
| Mains Exam Date | To Be Notified Soon |
What To Know About Available Vacancies?
Here’s the count of vacancies available for different posts:
| Post | Vacancies |
|---|---|
| Generalist | 24 |
| Actuarial | 5 |
| Finance | 5 |
| Law | 5 |
| IT | 5 |
| Research | 5 |
| Total | 49 |
Eligibility Criteria
To apply for an IRDAI Assistant Manager position, you must meet certain eligibility requirements. Apart from being an Indian resident, you should possess the following criteria:
Academic Qualifications
| Stream | Educational Qualification |
|---|---|
| Actuarial | Graduation with minimum 60% marks 7 papers passed IAI as per the 2019 curriculum |
| Generalist | Graduation with 60% marks |
| Research | Master’s Degree or 2-year 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 |
| IT | Bachelor’s Degree in Engineering (Electrical / Electronics/ Electronics and Communication / InformationTechnology / Computer Science/ Software Engineering) with a minimum of 60% marks ORMaster in Computers Application with minimum 60% marks ORBachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks |
| Law | Bachelor’s Degree in Law with 60% marks |
| Finance | Graduation with minimum 60 % marks & ACA /AICWA/ACMA/ACS/CFA |
Age Limit and Relaxation
IRDAI Assistant Manager’s minimum age limit is 21 years. The maximum age limit to apply for the Assistant Manager’s post is 30 years. Age relaxations to reserved categories are provided as per government norms:
| Category | Age Relaxation |
|---|---|
| SC/ST | 5 Years |
| OBC | 3 Years |
| PwD (SC/ST) | 15 Years |
| PwD (OBC) | 13 Years |
| PwD (General/UR) | 10 Years |
| Ex-servicemen and Commissioned Officers | 5 Years |
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Selection Process
Candidates have to face these five selection rounds to be appointed to Assistant manager posts in the Insurance Regulatory and Development Authority.
| Stage | Description |
|---|---|
| Prelims | Online exam with 160 questions in 90 minutes from General Awareness, Quantitative Aptitude, Reasoning, and English Language. |
| Mains | Three papers totaling 300 marks. |
| Interview | Assessment of candidate’s skills and communication. |
| Document Verification | Candidates who passed Prelims, Mains, and Interview must bring Original degree certificates and ID proofs. |
| Medical Examination | Assessment of candidate’s medical fitness. |
How To Complete The Application Process?
It’s important to understand the application process beforehand to successfully submit the application form before the deadline. If you lack doing so, it could result in last-moment network traffic and glitches. The steps to complete the application process are as follows:
- Step 1: Go to www.irdai.gov.in, the IRDAI’s official website.
- Step 2: Visit the official website’s CAREER section.
- Step 3: Look for the most recent announcements on the 2024 IRDAI Assistant Manager Recruitment.
- Step 4: Complete the registration instructions by clicking the provided link.
- Step 5: To register online, you must have a working email address and a mobile number.
- Step 6: Complete the online registration form by filling out the details.
- Step 7: To complete your online registration, you will receive a temporary registration number and password.
- Step 8: Complete the online application and attach the necessary files.
- Step 9: Fill out the application and pay the fee online.
- Step 10: Lastly, send in the application form, and don’t forget to take multiple printouts.
Application Fees
Here’s the amount you need to pay as the application fee while filling up the IRDAI Assistant Manager Online Form 2024:
| Category | Application Fee |
|---|---|
| Gen/ OBC/ EWS | Rs. 750/- |
| SC/ ST/ PwD | Rs. 100/- |
Know About The Exam Pattern
There are two phases of the written examination— Preliminary and Main. The exam pattern for both the exams is elaborated on here:
Preliminary Examination Pattern
- It’s worth noting that this exam is just qualifying in nature.
- 0.25 marks will be deducted for every wrong answer.
| Subject | No. of Questions | Marks | Duration |
|---|---|---|---|
| General Awareness | 40 | 40 | 90 Minutes |
| English Language | 40 | 40 | |
| Quantitative Aptitude | 40 | 40 | |
| Reasoning | 40 | 40 | |
| Total | 160 | 160 Marks |
Main Examination Pattern
- This is a descriptive examination for which you’ll have to write on the answer sheets.
- The final merit list will be prepared based on the marks obtained in the Main examination.
| Name of Paper | Total Marks | Duration |
|---|---|---|
| Paper I: English | 100 | 180 minutes |
| Paper II: Economic and Social Issues impacting Insurance | 100 | |
| Paper III: Insurance and Management | 100 | |
| Total | 300 |
What Will Be The Salary Structure?
IRDAI Assistant Manager draw’s basic monthly salary of Rs. 44,500.
The pay scale structure with perks and benefits includes Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150(17years).
| Increment | Basic Pay (Rs.) |
|---|---|
| 1st | 44,500 |
| 2nd | 47,000 |
| 3rd | 49,500 |
| 4th | 52,000 |
| 5th | 54,500 |
| 6th | 57,350 |
| 7th | 60,200 |
| 8th | 63,050 |
| 9th | 65,900 |
| 10th | 68,750 |
| 11th | 71,600 |
| 12th | 74,450 |
| 13th | 77,300 |
| 14th | 80,150 |
| 15th | 83,000 |
| 16th | 85,850 |
| 17th | 88,150 |
The total monthly salary of an IRDAI Assistant Manager can range from approximately Rs. 1,30,000 to Rs. 1,46,000, depending on their location and other factors.
Apart from monthly salary, IRDAI provides perks and benefits to Assistant Manager:
- Dearness Allowance
- City Compensatory Allowance
- House Rent Allowance
- Grade Allowance
- Qualification Allowance
- New Pension Scheme
FAQs
Ques 1. What is the timeline for filling out the IRDAI Assistant Manager Online Form 2024?
Ans. Anyone can apply for the IRDAI Assistant Manager position from the 21st of August 2024 to the 20th of September 2024.
Ques 2. How many stages will be there in the selection process of this recruitment?
Ans. Any candidate needs to pass four stages of the selection process to be recruited as the IRDAI Assistant Manager.
Ques 3. Is there any Negative Marking in the preliminary selection examination?
Ans. Though the prelims examination is qualifying in nature, 0.25 marks will be deducted for every wrong attempt.