IRDAI Assistant Manager Recruitment 2023: Insurance Regulatory and Development Authority of India (IRDAI) has released official notification for filling up Assistant Manager Vacancy. Interested candidates can apply online from 11 April 2023 and last date to apply is 10 May 2023. In this article, we are providing you the detailed information related to IRDAI Recruitment 2023. notification pdf, vacancy details, eligibility criteria, written exam and All information related to IRDAI Assistant Manager Recruitment 2023 are given in article.
IRDAI Assistant Manager Recruitment 2023
|Recruitment Organization||Insurance Regulatory and Development Authority of India (IRDAI)|
|Vacancy Name||Assistant Manager|
|Number of vacancies||45|
|Application Start Date||11 April 2023|
|Join Telegram Channel||Telegram Channel|
|IRDAI Recruitment 2023 Notification Release||11 April 2023|
|IRDAI AM Apply Online Start||11 April 2023|
|Last Date to Apply Online||10 May 2023|
|Last Date to pay application fees||10 May 2023|
|IRDAI AM Admit Card 2023||14 June 2023|
|IRDAI AM Exam Date 2023||25 June 2023|
IRDAI Assistant Manager Vacancy 2023
|Category||Number of Vacancy|
|Economically Weaker Sections (EWSs)||4|
|Other Backward Classes (OBC)||12|
|Scheduled Castes (SC)||6|
|Scheduled Tribes (ST)||3|
IRDAI Recruitment 2023 Eligibility Criteria
The eligibility criteria for IRDAI Assistant Manager Recruitment 2023 includes educational qualification and age limit to apply for IRDAI Assistant Manager Vacancy 2023 mentioned below.
|Actuarial||Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum|
|Finance||Graduation with minimum 60% marks and ACA/AICWA/ACMA/ACS/CFA qualification|
|Law||Bachelor’s Degree in Law with minimum 60% marks|
|IT||Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks OR Masters in Computers Application with minimum 60% marks OR Bachelor’s Degree in any discipline with a post-graduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks|
|Research||Master’s Degree or 2-years 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|
|Generalist||Graduation with minimum 60% marks|
- Age Limit (as on 10.05.2023): Not below 21 years and not above 30 years.
- Relaxation in the Upper Age Limit is applicable.
- Candidates should have been born not earlier than 11.05.1993 and not later than 10.05.2002 (both days inclusive).
|Category||Relaxation in Age|
|Scheduled Caste / Scheduled Tribe (SC/ST)||5 years|
|Other Backward Classes (OBC)||3 years|
|Persons with Disabilities (PwBD)|
|PwBD (SC/ST)||15 years|
|PwBD (OBC)||13 years|
|PwBD (GEN/UR)||10 years|
|Ex-servicemen and Commissioned Officers (including Emergency Commissioned Officers and Short Service Commissioned Officers who have rendered at least five years Military Service as on 10.05.2023 and have been released on completion of assignment (including those whose assignment is due to be completed within one year from 10.05.2023) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to Military Service or on invalidment.)||5 years|
IRDAI Assistant Manager Recruitment 2023 Selection Process
- Phase 1 – Online Preliminary Exam (Objective Type): This is a qualifying examination to be eligible for Phase II – Descriptive Examination.
- Phase 2 – Descriptive Examination: It comprises three papers (Paper I, II, and III).
- Phase 3 – Interview: Candidates for Actuarial, Finance, Law, IT, Research, and General stream will be shortlisted for Phase III – Interview based on the aggregate marks obtained in Papers I, II, and III of Phase II – Descriptive Examination only.
- Merit List: Final selection will be based on the performance and merit of candidates under the respective stream in Phase II – Descriptive Examination and Phase III – Interview, taken together.
IRDAI Assistant Manager Phase 1 Exam Pattern
- Candidates must qualify in each of the four Objective Tests separately and also in aggregate as per the cut-off marks for each test and in aggregate as decided by IRDAI.
- Separate cut-offs may be applied for each of the specialized stream and General stream.
- Tests will be conducted in English and Hindi, except for the Test of English Language which will be provided only in English.
- There will be negative marking for wrong answers in the Objective Tests, with 1/4th mark deducted for each wrong answer.
- The Corrected Scores of each candidate will be obtained by considering the number of questions answered correctly in each Objective Test after applying penalty for wrong answers.
- The Corrected Scores will be equated to take care of minor differences in difficulty level, if any, in each Objective Test held in different sessions, to arrive at the Equated Scores.
- Scores obtained by candidates in any test will be equated to the base form by considering the distribution of scores obtained in all examinations, if the examination is conducted in more than one session.
- Test-wise scores and scores on the total will be computed with decimal points up to two digits.
Phase 1 – Exam Pattern
|Sl. No.||Name of Test (Objective)||No. of Questions||Maximum Marks||Total Time|
|1||Test of Reasoning||40||40||–|
|2||Test of English Language||40||40||–|
|3||Test of General Awareness||40||40||90 minutes|
|4||Test of Quantitative Aptitude||40||40||–|
IRDAI Assistant Manager Phase II Descriptive Exam Pattern
|Name of Paper||Type of Paper||Marks||Time (Minutes)|
|Paper-I: English||Descriptive (Questions will appear on screen and answers have to be written on answer sheets)||100||60|
|Paper-II: Economic and Social Issues impacting Insurance||100||60|
|Paper-III: Insurance and Management||100||60|
IRDAI Assistant Manager Phase 3 Interview
- Candidates shortlisted in Phase II – Descriptive Examination only will be called for an Interview.
- Venue, address, time, and date of the Interview will be notified by IRDAI on their website, and shortlisted candidates will download their Admission Letters from IRDAI website as per the schedule.
- Final selection will be based on the candidate’s combined score of Phase II – Descriptive Examination and Interview, with a weightage of 85:15, respectively.
- The combined final score of candidates will be arrived at based on their scores in Phase II – Descriptive Examination and Interview under each stream.
IRDAI Assistant Manager Salary
- Pay Fixation for Candidates Employed Elsewhere: Candidates employed elsewhere and joining IRDAI will be fixed at the minimum of the basic pay in the scale of pay applicable to the post.
- Starting Basic Pay: Rs.44,500/- per month.
- Other Allowances: Candidates will be eligible for various allowances such as Dearness Allowance, House Rent Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance, and other perquisites as approved from time to time.
- Monthly Gross Emoluments: At present, the initial monthly gross emoluments for Assistant Manager is approximately Rs.1,30,000/- (excluding qualification allowance, wherever applicable).
- Pension Scheme: Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).
How to Apply for IRDAI Assistant Manager Recruitment 2023
Here is a step-by-step guide on how to apply for IRDAI Assistant Manager Recruitment 2023:
- Step 1: Check the eligibility from “IRDAI Assistant Manager Recruitment Notification”.
- Step 2: Visit the official website of IRDAI (Insurance Regulatory and Development Authority of India) at https://www.irdaiu.gov.in/.
- Step 3: Look for the “Careers” or “Recruitment” section on the website and click on it.
- Step 4: Ensure that you have all the necessary documents and information ready for the online application, including scanned copies of your photograph, signature, left thumb impression, and hand-written declaration in the prescribed format.
- Step 5: Click on the “Apply Online” or “Online Application” link provided in the advertisement.
- Step 6: Register yourself by providing the required details such as name, email ID, mobile number, etc. and create a unique registration ID and password.
- Step 7: Login with the registration ID and password to access the online application form.
- Step 8: Fill in the online application form with all the required details, including personal, educational, and work experience information.
- Step 9: Upload the scanned copies of your photograph, signature, left thumb impression, and hand-written declaration in the prescribed format.
- Step 10: Verify all the information provided in the application form before submitting it.
- Step 11: Pay the application fee/intimation charges online through the available payment modes.
- Step 12: After successful payment, click on the “Submit” button to complete the online application process.
- Step 13: Take a printout of the submitted application form for future reference.
IRDAI Assistant Manager Application Fees
|General/ OBC/ EWS||Rs. 750/-|
|SC/ ST/ PwD||Rs. 100/-|
IRDAI Recruitment 2023 Admit Card Download Link
|IRDAI Assistant Manager Prelims Exam Notice||Exam Notice|
|IRDAI Assistant Manager Prelims Admit Card 2023||IRDAI Admit Card|
|IRDAI AM Recruitment 2023 Notification PDF||Notification|
|IRDAI AM Recruitment 2023 Apply Online||Apply online|
|IRDAI Official Website||IRDAI|
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IRDAI Assistant Manager FAQs
When is IRDAI Assistant Manager Admit Card released?
14 June 2023.
When is the IRDAI Assistant Manager Exam date?
25 June 2023.
How can I apply for IRDAI Assistant Manager Recruitment 2023?
Candidates can apply for IRDAI Assistant Manager Recruitment 2023 only through online mode from the official website of IRDAI. The online application window will be open from 11.04.2023 to 10.05.2023.
What is the educational qualification required for IRDAI Assistant Manager Recruitment 2023?
The educational qualification required for IRDAI Assistant Manager Recruitment 2023 is a Bachelor’s degree from a recognized university or equivalent.
What is the selection process for IRDAI Assistant Manager Recruitment 2023?
The selection process for IRDAI Assistant Manager Recruitment 2023 includes a preliminary examination, main examination, descriptive test, and an interview.
What is the starting basic pay for Assistant Manager in IRDAI?
The starting basic pay for Assistant Manager in IRDAI is Rs. 44,500/- per month.
Is there any negative marking in the IRDAI Assistant Manager exam?
Yes, there is a negative marking of 1/4th marks for each wrong answer in the preliminary and main examinations of IRDAI Assistant Manager Recruitment 2023.