.webp)
IRDAI Assistant Manager Recruitment 2024 : Apply online
The Insurance Regulatory and Development Authority of India (IRDAI), a statutory body established under an Act of the Parliament, has announced its recruitment for 49 Assistant Manager (AM) posts across various streams. This nationwide competitive recruitment will be conducted in three phases: Phase I – On-line Preliminary Examination (objective type), Phase II – Descriptive Examination, and Phase III – Interview. The selection process will take place at select centres across India. The application process is entirely online, and the last date to apply is 20th September 2024.
Post Details and Number of Vacancies
IRDAI has announced a total of 49 vacancies for the Assistant Manager position across various streams, which include specializations as well as generalist roles. Below is a detailed breakdown:
| Category | Vacancies |
|---|---|
| Unreserved (GEN/UR) | 21 |
| Economically Weaker Sections (EWSs) | 4 |
| Other Backward Classes (OBC) | 12 |
| Scheduled Castes (SC) | 8 |
| Scheduled Tribes (ST) | 4 |
| Total | 49 |
Specialized Streams:
- Actuarial: 5 posts
- Finance: 5 posts
- Law: 5 posts
- IT: 5 posts
- Research: 5 posts
Note:
- The total of 49 vacancies includes specialized streams such as Actuarial, Finance, Law, IT, and Research. These specialized posts require professional qualifications and are distributed across all categories with horizontal reservations.
- The remaining 24 vacancies are for Generalist positions, which do not require specialized qualifications.
Important Dates
- Start Date for Online Application: 21st August 2024
- Last Date for Online Application Submission: 20th September 2024
- Phase I - On-line Preliminary Examination: Dates to be announced
- Phase II - Descriptive Examination: Dates to be announced after Phase I
Age Limit
Minimum Age: 21 years (born not earlier than 21st September 1994)
Maximum Age: 30 years (born not later than 20th September 2003)
Age Relaxation:
- SC/ST: 5 years
- OBC: 3 years
- PwBD (SC/ST): 15 years, PwBD (OBC): 13 years, PwBD (GEN/UR): 10 years
- Ex-servicemen and commissioned officers: 5 years
Educational Qualifications
Candidates must possess the following qualifications:
| Stream | Qualification |
|---|---|
| Generalist | Graduation with minimum 60% marks |
| 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 |
| Law | Bachelor’s Degree in Law with minimum 60% marks |
| IT | Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / IT / Computer Science) OR MCA with 60% marks |
| Research | Master’s Degree or 2-years Post Graduate Diploma in Economics / Econometrics / Statistics/ related fields with 60% marks |
Note:
- Candidates should possess knowledge of computer operations.
- Educational qualifications must be from a recognized University/Institution.
Salary and Career Prospects
- Pay Scale: Rs. 44,500 - 89,150 with other allowances.
- Initial Monthly Gross Emoluments: Approximately Rs. 1,46,000 (excluding qualification allowance).
- Promotion Prospects: Reasonable prospects for promotion to higher grades.
- Probation: One year (extendable up to two years).
Selection Process
- Phase I – On-line Preliminary Examination (Objective Type):
- 160 questions, 160 marks, 90 minutes.
- Tests: Reasoning, English Language, General Awareness, Quantitative Aptitude.
- Negative marking: 1/4th mark deduction for each wrong answer.
- Phase II – Descriptive Examination:
- 3 Papers: English, Economic and Social Issues impacting Insurance, Insurance and Management.
- Each paper: 100 marks, 60 minutes.
- Phase III – Interview:
- Based on marks obtained in Phase II.
- Final selection based on combined scores of Phase II and Interview (85:15 ratio).
How to Apply
Applications are to be submitted only online through the IRDAI website www.irdai.gov.in.
- A valid email ID and mobile number are required for registration.
- Application fee: Rs. 750/- for General/OBC/EWS; Rs. 100/- for SC/ST/PwBD.
- Scanned copies of the candidate's photograph, signature, left thumb impression, and handwritten declaration are required.
Important Web-Links of IRDAI Assistant Manager Recruitment
Online Application Form Click Here
Advertisement Details Click Here
Official WebsiteClick Here
Frequently Asked Questions (FAQs)
1. What is the last date to apply for the IRDAI Assistant Manager post?
The last date to apply online is 20th September 2024.
2. How many vacancies are available for the Assistant Manager position?
There are 49 vacancies available across various streams, including Generalist and specialized streams like Actuarial, Finance, Law, IT, and Research.
3. What is the age limit to apply for the Assistant Manager post?
Candidates must be between 21 and 30 years of age as of 20th September 2024. Age relaxations apply for reserved categories.
4. What is the educational qualification required for the Generalist stream?
A graduation degree with at least 60% marks.
5. What is the selection process for this recruitment?
The selection process consists of three phases: Phase I (On-line Preliminary Examination), Phase II (Descriptive Examination), and Phase III (Interview).
6. Is there any negative marking in the Phase I examination?
Yes, there is a penalty of 1/4th mark for each wrong answer in the Phase I examination.
7. What is the salary for the Assistant Manager position?
The starting basic pay is Rs. 44,500/- per month, with gross monthly emoluments approximately Rs. 1,46,000.
8. Can I apply for more than one stream?
Yes, you can apply for more than one stream, but you must submit separate applications and pay the fee for each stream.
9. What is the application fee?
The application fee is Rs. 750 for General/OBC/EWS candidates and Rs. 100 for SC/ST/PwBD candidates.
10. Where will the Phase II Descriptive Examination be conducted?
The Phase II examination will be conducted at select centres including Hyderabad, Kolkata, Mumbai/Navi Mumbai/Thane/MMR region, and Delhi/NCR.
For more detailed information and updates, visit the official website of IRDAI: www.irdai.gov.in.
This comprehensive guide provides all the necessary details regarding the IRDAI Assistant Manager recruitment for 2024. Follow the instructions carefully and ensure you meet all eligibility criteria before applying.