The Insurance Regulatory and Development Authority of India (IRDAI) has announced 49 vacancies for Assistant Manager positions across various streams, including Generalist, Research, IT, Law, Actuarial, and Finance. Interested candidates must submit their online applications by 20th September 2024 through the official website www.irdai.gov.in. Applicants should review eligibility criteria, selection procedures, and salary details before applying.
Overview of IRDAI Assistant Manager Recruitment 2024
| Category | Details |
|---|---|
| Organization | Insurance Regulatory and Development Authority of India (IRDAI) |
| Exam Name | IRDAI Exam 2024 |
| Post | Assistant Manager |
| Total Vacancies | 49 |
| Application Mode | Online |
| Age Limit | 21-30 years |
| Educational Qualification | Varies Post-Wise |
| Application Fees | ₹750 for General/OBC/EWS, ₹100 for SC/ST/PwBD |
| Selection Process | Prelims, Mains & Interview |
| Pay Scale | ₹44,400 – ₹89,150 |
| Official Website | irdai.gov.in |
Important Dates
- Notification Release Date: 21 August 2024
- Online Application Start Date: 21 August 2024
- Last Date to Apply: 20 September 2024
- Phase I Exam Date: To be Notified
Vacancy Details
IRDAI is recruiting for Assistant Manager positions in the following streams:
| Stream | Vacancies |
|---|---|
| Generalist | 24 |
| Actuarial | 5 |
| Finance | 5 |
| Law | 5 |
| IT | 5 |
| Research | 5 |
Eligibility Criteria
Educational Qualification
- Generalist: Graduation with minimum 60% marks.
- Actuarial: Graduation with minimum 60% marks and 7 papers passed as per IAI 2019 curriculum.
- Finance: Graduation with minimum 60% marks and ACA/AICWA/ACMA/ACS/CFA.
- Law: Bachelor’s Degree in Law with minimum 60% marks.
- IT: Bachelor’s Degree in Engineering (Electrical/Electronics/IT/Computer Science) or MCA with minimum 60%.
- Research: Master’s Degree or PG Diploma in Economics/Statistics/Applied Statistics with a minimum of 60%.
Age Limit
Candidates must be between 21 and 30 years as of 20 September 2024. Age relaxation applies to SC, ST, OBC, and PwBD candidates as per government norms.
Selection Process
The IRDAI Assistant Manager selection process comprises three phases:
- Preliminary Exam (Objective Type): Covers Reasoning, Quantitative Aptitude, English, and General Awareness.
- Mains Exam (Descriptive Type): Includes English, Economic and Social Issues, and Insurance & Management.
- Interview: Candidates who pass the mains will be called for an interview.
Exam Pattern
Prelims Exam Pattern
| Section | No. of Questions | Max. Marks | Duration |
|---|---|---|---|
| Reasoning | 40 | 40 | 90 minutes |
| Quantitative Aptitude | 40 | 40 | |
| English Language | 40 | 40 | |
| General Awareness | 40 | 40 | |
| Total | 160 | 160 |
Mains Exam Pattern
| Paper | Marks | Duration |
|---|---|---|
| Paper I (English) | 100 | 60 minutes |
| Paper II (Economic Issues) | 100 | 60 minutes |
| Paper III (Insurance & Management) | 100 | 60 minutes |
Salary
Selected candidates will earn a basic salary of ₹44,500 per month, which can go up to ₹89,150 after 17 years. The monthly gross salary is expected to be around ₹1,46,000, including various allowances like Dearness, House Rent, and City Compensatory Allowance.
How to Apply
To apply, candidates need to visit www.irdai.gov.in and complete the online application form. The application process is entirely online, and candidates should ensure that all eligibility criteria are met before submission.
Application Fee
- General/OBC/EWS: ₹750
- SC/ST/PwBD: ₹100
Apply now and secure your chance to work with one of India’s key regulatory bodies!
