IRDAI Assistant Manager Recruitment 2024
The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body established under an Act of Parliament. The Insurance Regulatory and Development Authority of India (IRDAI) is inviting applications for the position of IRDAI Assistant Manager in various streams, including Actuarial, Finance, Law, IT, Research, and Generalist. This role offers an exciting opportunity for eligible Indian citizens to join a prestigious government organization responsible for regulating and promoting the insurance and reinsurance industries in India. Below is a comprehensive overview of the key details of the recruitment process.
IRDAI Assistant Manager Recruitment 2024 Overview
| Organization Body | Insurance Regulatory and Development Authority of India (IRDAI) |
| Exam Name | Recruitment of IRDAI Assistant Manager |
| Advt. No. | HR/Recruitment/Aug/2024 |
| Total Post | 49 |
| Post Name | Assistant Manager |
| Application Dates | 21st August 2024 to 20th September 2024 |
Application Fee
Candidates applying for the IRDAI Assistant Manager positions are required to pay a nominal application fee:
- For General/OBC: ₹750 (Examination Fee and Intimation Charges)
- For SC/ST/PwBD: ₹100 (Intimation Charges)
- Payment Mode: Online through Net Banking, Debit/Credit Cards, or SBI Challan
Important Dates
- Starting Date for Applying Online: 21st August 2024
- Last Date for Applying Online: 20th September 2024
- Last Date for Fee Payment: 20th September 2024
- Phase I – Preliminary Examination: Date to be announced later
- Phase II – Descriptive Examination: Date to be announced later
Age Limit
The age limit for the IRDAI Assistant Manager recruitment is as follows:
- Minimum Age: 21 years (as of 20th September 2024)
- Maximum Age: 30 years (as of 20th September 2024)
- Age Relaxation:
- SC/ST: 5 years
- OBC: 3 years
- PwBD (General/UR): 10 years
- PwBD (OBC): 13 years
- PwBD (SC/ST): 15 years
- Ex-servicemen: 5 years
Educational Qualification
Candidates applying for the IRDAI Assistant Manager position must meet the following educational qualifications, which vary based on the stream they are applying for:
Generalist Stream:
Graduation with a minimum of 60% marks from a recognized university.
Actuarial Stream:
Graduation with a minimum of 60% marks and having passed at least 7 papers of the Institute of Actuaries of India (IAI) as per the 2019 curriculum.
Finance Stream:
Graduation with a minimum of 60% marks along with professional qualifications like ACA (Associate Chartered Accountant), AICWA/ACMA (Associate Cost and Management Accountant), ACS (Associate Company Secretary), or CFA (Chartered Financial Analyst).
Law Stream:
Bachelor’s Degree in Law (LLB) with a minimum of 60% marks from a recognized university.
IT Stream:
Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science / Software Engineering) with a minimum of 60% marks. OR Master’s in Computer Application (MCA) with a minimum of 60% marks. OR Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers/Information Technology with a minimum of 60% marks.
Research Stream:
Master’s Degree or 2-year Post Graduate Diploma in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Integrated Economics, Statistics, Mathematical Statistics, Applied Statistics & Informatics with a minimum of 60% marks.
Salary for IRDAI Assistant Manager
- Starting Basic Pay: ₹44,500 per month
- Pay Scale: ₹44,500-2,500(4)-54,500-2,850(7)-74,450-EB-2,850(4)-85,850-3,300(1)-89,150 (over 17 years)
- Initial Gross Emoluments: Approximately ₹1,46,000 per month, excluding qualification allowances.
Selection Process for IRDAI Assistant Manager
The selection process for the IRDAI Assistant Manager position consists of the following stages:
Phase I – Online Preliminary Examination:
- Objective type, qualifying in nature, covering Reasoning, English, General Awareness, and Quantitative Aptitude.
- Candidates must clear sectional and overall cutoffs.
Phase II – Descriptive Examination:
- Consists of three papers: English, Economic and Social Issues Impacting Insurance, and Insurance and Management.
- Only those who qualify in Phase I will be shortlisted for Phase II.
Phase III – Interview:
- Candidates shortlisted from Phase II will be called for an interview.
- The final selection will be based on the combined performance in Phase II and the Interview.
Pattern of Examiantion
Phase I – Online Preliminary Examination
- Nature: Qualifying, Objective Type
- Total Questions: 160
- Maximum Marks: 160
- Duration: 90 minutes (composite time)
| S.N. | Subjects | No. of Question | Maximum Marks |
| 1 | Reasoning | 40 | 40 |
| 2 | English Language | 40 | 40 |
| 3 | General Awareness | 40 | 40 |
| 4 | Quantitative Aptitude | 40 | 40 |
| TOTAL | 160 | 160 |
Phase II – Descriptive Examination
- Nature: Descriptive, written examination
- Total Papers: 3
- Total Marks: 300 (100 marks per paper)
- Duration: 60 minutes per paper
| Paper | Name of Paper | Marks | Time (min) |
| Paper 1 | English | 100 | 60 |
| Paper 2 | Economic and Social Issues Impacting Insurance | 100 | 60 |
| Paper 3 | Insurance and Management | 100 | 60 |
Vacancy Details
The IRDAI Assistant Manager recruitment offers a total of 49 vacancies across different streams. The distribution of these vacancies is as follows:
| S.N. | Stream | No. of Post |
| 1 | Actuarial | 5 |
| 2 | Finance | 5 |
| 3 | Law | 5 |
| 4 | IT | 5 |
| 5 | Research | 5 |
| 6 | Generalist | 24 |
| TOTAL | 49 |
Category-wise vacancies Details
| S.N. | Category | No. of Post |
| 1 | General | 21 |
| 2 | EWS | 4 |
| 3 | OBC | 12 |
| 4 | SC | 8 |
| 5 | ST | 4 |
| TOTAL | 49 |
Candidates can read the full notification before applying online.
Important Links
| Apply Online | Apply Now |
| Notification | Click Here |
| Syllabus | Click Here |
| Official Website | Click Here |
| Join Telegram | Click Here |