IRDAI Recruitment 2023 Assistant Manager Posts Exam Pattern and Syllabus 2023, Phase 1 & Phase 2

IRDAI Recruitment 2023 : The Insurance Regulatory and Development Authority of India (IRDAI) has recently issued a new vacancy notification, if you want to do a job in Assistant Manager Posts Recruitment 2023, then read this post carefully and you can apply easily through the apply link. Interested candidates can apply for this Recruitment.

Through this post, you will take advantage of a lot of information about post exam pattern and syllabus You will get all the information through this post.

Organization Name – Insurance Regulatory and Development Authority of India (IRDAI)

Total Number of Vacancies – 45

Employment Type – Govt. Job

IRDAI Recruitment 2023 Important Information

Post Name -: Assistant Manager (AM)

Official Website -: irdai.gov.in

Applying Mode -: Online

Educational Qualification

Candidates must have passed Graduation Degree.

• Actuarial – Graduation with minimum 60% marks and 7 papers passed IAI as per the 2019 curriculum
  
• Generalist – Graduation with minimum 60% marks
  
• Research – Master’s Degree or 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.
• Finance – Graduation with minimum 60 % marks & 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 / InformationTechnology / Computer Science/ Software Engineering) with a minimum of 60% marks.
  OR
  Master in Computers Application with minimum 60% marks.

Selection Process

• Prelims Written Exam
• Main Written Exam
• Interview
• Document Verification
• Medical Examination

Salary Deatils

Rs. 44500- 89150/-

Important Documents Check Here.

• Photo and Signature (Light color background photo)
• Domicile Certificate
• Caste Certificate
• Employment Certificate
• PAN Card and Aadhar Card (ID Proof)
• Education Certificate (8th Pass & 10th Other)

Important Date

Notification Released –  11 April 2023
Apply Start – 10 May 2023
Apply Last Date – 10 May 2023

EVENT	Dates
Notification Release Date	11th April 2023
Application End Date	10th May 2023
Phase 1 Admit Card Release Date	To be Notified
Phase 1 Exam Date	25th June 2023
Phase 2 Admit Card Release Date	To be Notified
Phase 2 Exam Date	To be Notified

IRDAI Assistant Manager Syllabus for Phase 1

Exam Pattern – Online examination -: objective-type questions. The duration of the exam will be 90 minutes, and the total marks will be 160.

Reasoning

• Analogy
• Coding and Decoding
• Puzzle Test
• Classification
• Series
• Blood Relations
• Direction Sense Test
• Logical Venn Diagrams
• Alphabet Test
• Ranking and Time Sequence Test
• Number, Ranking, and Time Sequence Test
• Causes and Effects
• Analytical Reasoning

English Language

• Synonyms and Antonyms
• Idioms and Phrases
• Spotting Errors
• Reading Comprehension
• Fill in the Blanks
• One Word Substitution
• Sentence Correction
• Spellings

Quantitative Aptitude

• Number Systems
• Simplification
• Ratio and Proportion
• Percentage
• Profit and Loss
• Time and Work
• Time and Distance
• Simple and Compound Interest
• Data Interpretation
• Permutation and Combination
• Probability
• Mensuration

General Awareness

• History
• Polity
• Economy
• Geography
• Science and Technology
• Current Affairs (National and International)
• Sports
• Awards and Honours

IRDAI Assistant Manager Syllabus for Phase 2

Exam Pattern -: Descriptive-type examinations. The total marks for this phase will be 300. Each paper is divided into 100 marks for 60 minutes.

English

• Essay
• Precis writing
• Comprehension and Business/Office Correspondence

Economic and Social issues impacting insurance

• Economic Growth, business cycles, and insurance penetration, the impact of age structure on the economy, application of utility theory to insurance premium setting, macroeconomic factors including catastrophes and pandemics that may impact insurers and insurance markets.
• Financial markets, Financial Institutions, and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk.
• Economic capital and risk-based capital requirements, the economic impact of risk transfer arrangements including reinsurance, the contribution of the Insurance sector to the sustainable and responsible development of the economy, Insurance Investments in the Infrastructure sector.
• Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, the role of an Actuary, de-tariffing in India, motor business and Indian experience, changing Insurance Regulations/Laws and FSLRC.
• Social structure in India, Insurance in rural and social sectors, obligations of Insurers thereto, Indian Micro-Insurance experience, Social Security laws, and implementation thereof. RSBY – Health insurance scheme for Below Poverty Line (BPL) families.

Insurance and Management

• Part 1 – Insurance
• History of Indian Insurance, principles of Insurance.
• Risk and uncertainty, pooling and diversification of risk, Indemnity, and Insurable interest.
• Legal foundations of Insurance, basics in Group/Health Insurance/Pensions; Intermediation: role in mobilizing savings, the evolution of various types and Bancassurance in India.
• Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment, and Reinsurance.
• Insurance lines and products: Property-Liability, Life Insurance, and Annuities and Health Insurance; Liability risks and Insurance, valuation, and Solvency requirements, Specialist Insurance lines in India – Agricultural and Export Credit Guarantee; Reinsurance, GIC of India, obligator sessions, and retention of risk within the Country.

• Part 2 – Management
• Its nature and scope.
• Management Processes – Planning, Organisation, Staffing, Directing and Controlling; the role of a Manager in an Organisation.
• Leadership: The tasks of a leader; leadership styles; leadership theories; A successful leader versus an effective leader.
• Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development.
• Performance Appraisal – Potential appraisal and development – feedback and performance counseling – rewards – employee welfare.
• Motivation, Morale, and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining Morale; Role of Incentives in Building up Morale;
• Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward, and lateral communication; Barriers to Communication.
• Role of Information Technology.
• Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

Important Link -:

Notification Link – Click Here

Apply Link – Click Here

Website Link – Click Here

YouTube Link – Click Here

Note – Through the post, you will be able to get all the information related to the job, we do not guarantee that you will get any kind, we will only provide you the information about the upcoming new job vacancy for which you can apply. And for this you do not need to pay any kind of fee. To get the job you have to apply yourself and you have to qualify the exam thank you.

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