IRDAI Assistant Manager Recruitment 2024: A Comprehensive Guide
The Insurance Regulatory and Development Authority of India (IRDAI) is set to release the IRDAI Assistant Manager Recruitment 2024 notification, inviting applications for the Grade A posts. This highly anticipated announcement will include the total number of vacancies, detailed eligibility criteria, and the complete syllabus for the examination. Aspiring candidates eager to secure a position with the regulatory body of the insurance industry should prepare thoroughly for this challenging examination.
Overview of IRDAI Assistant Manager Recruitment 2024
IRDAI, as a statutory body under the jurisdiction of the Ministry of Finance, is responsible for regulating and promoting the insurance and re-insurance industries in India. The recruitment for the Assistant Manager position, classified under Grade A posts, is a significant opportunity for candidates aspiring to enter the regulatory framework of the insurance sector.
The recruitment process involves multiple stages, including a preliminary written exam, a main written exam, an interview, document verification, and a medical examination. Candidates need to stay updated with the official website (irdai.gov.in) for the announcement of the notification and other relevant details.
Important Dates and Application Process
The IRDAI Assistant Manager Recruitment 2024 notification will outline the important dates, including the application start and end dates. Candidates must ensure they complete the online application process within the stipulated timeframe. Here’s a step-by-step guide to the application process:
- Visit the Official Website: Candidates need to visit the official website of IRDAI (irdai.gov.in).
- Registration: Complete the registration process by providing basic details to generate a registration number and password.
- Login: Use the registration number and password to log in.
- Fill Application Form: Carefully fill out the application form with all the required information.
- Upload Documents: Upload the necessary documents, including photographs and signatures, in the prescribed format.
- Pay Application Fee: The application fee must be paid online. The fee structure is Rs. 750 for General, OBC, and EWS categories, and Rs. 100 for SC, ST, and PwD categories.
- Submit and Print: Submit the application form and take a printout for future reference.
Eligibility Criteria
Candidates must meet the specified eligibility criteria to apply for the IRDAI Assistant Manager Recruitment 2024. The criteria are divided into educational qualifications and age limits.
Educational Qualifications:
- Actuarial: Graduation with a minimum of 60% marks and passing 7 papers of IAI as per the 2019 curriculum.
- Generalist: Graduation with a minimum of 60% marks.
- Research: Master’s Degree or a 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, Information Technology, Computer Science, Software Engineering) with a minimum of 60% marks, or a Master in Computers Application with a minimum of 60% marks, or a Bachelor’s Degree in any discipline with a postgraduate qualification in Computers/ Information Technology with a minimum of 60% marks.
- Law: Bachelor’s Degree in Law with a minimum of 60% marks.
- Finance: Graduation with a minimum of 60% marks along with ACA, AICWA, ACMA, ACS, or CFA.
Age Limit: The age limit is prescribed as 21 years to 30 years. Age relaxation is applicable for reserved categories as per government norms.
Selection Process
The selection process for IRDAI Assistant Manager Recruitment 2024 is rigorous, designed to assess the candidates' aptitude and suitability for the role. The process includes:
- Preliminary Written Exam: This objective test consists of 160 multiple-choice questions, covering Reasoning, English Language, General Awareness, and Quantitative Aptitude, each section comprising 40 questions. The total duration of the exam is 90 minutes, with negative marking for incorrect answers.
- Main Written Exam: Candidates who clear the preliminary exam will be eligible for the main written exam.
- Interview: Shortlisted candidates from the main exam will be called for an interview.
- Document Verification: Candidates need to provide original documents for verification.
- Medical Examination: Finally, candidates must undergo a medical examination to ensure they meet the required health standards.
Exam Pattern and Syllabus
The preliminary exam is the first step in the selection process, and candidates must prepare thoroughly to clear this stage. The exam pattern includes:
- Reasoning: 40 questions, 40 marks.
- English Language: 40 questions, 40 marks.
- General Awareness: 40 questions, 40 marks.
- Quantitative Aptitude: 40 questions, 40 marks.
The syllabus for the preliminary exam covers a wide range of topics. Candidates should focus on strengthening their fundamentals in these areas and practice regularly with mock tests to improve their speed and accuracy.
Admit Card and Exam Date
The IRDAI will announce the exam date for the preliminary exam along with the release of the admit card. Candidates must download the admit card from the official website and carry it to the examination center along with a valid photo ID proof. The admit card will contain important details such as the exam center, date, and timing.
Salary and Benefits
The IRDAI Assistant Manager position offers an attractive salary package. The basic pay is Rs. 44,500 per month, along with various allowances including dearness allowance (DA), house rent allowance (HRA), and others, bringing the total monthly salary to approximately Rs. 70,000 to Rs. 1,00,000. The DA is revised quarterly based on the Consumer Price Index (CPI), which is currently at 17%.
Conclusion
The IRDAI Assistant Manager Recruitment 2024 is a golden opportunity for candidates aspiring to build a career in the insurance regulatory sector. With a comprehensive selection process and attractive remuneration, it promises a rewarding career for those who succeed. Candidates must ensure they meet the eligibility criteria, prepare diligently for the exams, and stay updated with official announcements on the IRDAI website.
FAQs
Q1. What are the apply online dates for IRDAI Assistant Manager Recruitment 2024? The apply online dates for IRDAI Assistant Manager Recruitment 2024 are yet to be announced. Candidates should regularly check the official IRDAI website for updates.
Q2. Is the IRDAI Assistant Manager Recruitment 2024 notification announced? As of now, the notification for IRDAI Assistant Manager Recruitment 2024 has not been announced. It is expected to be released soon on the official website.
Q3. What is the application fee for IRDAI Recruitment 2024? The application fee is Rs. 750 for General, OBC, and EWS categories, and Rs. 100 for SC, ST, and PwD categories.
Q4. What is the prescribed age limit under IRDAI Assistant Manager Recruitment 2024? The prescribed age limit is 21 years to 30 years, with age relaxation applicable for reserved categories as per government norms.
Q5. What are the IRDAI Assistant Manager Exam Dates? The exam dates for the IRDAI Assistant Manager Recruitment 2024 will be announced in the official notification. Candidates should regularly check the IRDAI website for updates.