IRDAI Assistant Manager Recruitment 2024: The Insurance Regulatory and Development Authority of India (IRDAI), a statutory body established under an Act of Parliament, invites applications from eligible Indian citizens for the recruitment of 49 Assistant Manager posts. This recruitment will be conducted through a three-phase selection process: an online preliminary examination, a descriptive examination, and an interview. Candidates who meet the eligibility criteria are encouraged to apply online before the last date.
About IRDAI Assistant Manager Recruitment 2024
The IRDAI is responsible for regulating and promoting the insurance and re-insurance industries in India. This recruitment drive is aimed at strengthening the workforce of the organization by filling 49 Assistant Manager positions across various streams. The selected candidates will have the opportunity to work in one of India’s most prestigious regulatory bodies, contributing to the development and regulation of the insurance sector.
Key Highlights:
- Multiple Streams: The recruitment is open for various streams including Actuarial, Finance, Law, IT, Research, and Generalist.
- Competitive Exam: The selection process is rigorous, involving multiple phases to ensure the selection of the most qualified candidates.
- Career Growth: The role offers significant career advancement opportunities within IRDAI and the broader financial regulatory framework in India.
Overview: IRDAI Assistant Manager Recruitment 2024
| Feature | Details |
|---|---|
| Post Name | Assistant Manager |
| Total Vacancies | 49 |
| Conducting Body | Insurance Regulatory and Development Authority of India (IRDAI) |
| Advertisement No. | 07/2024-IES/ISS |
| Application Start Date | 21-08-2024 |
| Application End Date | 20-09-2024 |
| Age Limit | 21 to 30 years (as on 20-09-2024) |
| Application Fee | Rs. 750/- (General/OBC) Rs. 100/- (SC/ST/PwBD) |
| Payment Mode | Online through SBI branch, Net Banking, Credit/Debit Card, UPI |
Important Dates
- Application Start Date: 21-08-2024
- Last Date for Submission of Online Application: 20-09-2024
- Phase I – Online Preliminary Examination: To be informed in due course
Age Limit (as on 20-09-2024)
- Minimum Age: 21 Years
- Maximum Age: 30 Years
(Candidates must have been born between 21-09-1994 and 20-09-2003) - Age Relaxation: Applicable as per rules
Educational Qualifications
Candidates should possess the following qualifications based on the stream they are applying for:
| Stream | Number of Posts | Qualification Required |
|---|---|---|
| Actuarial | 5 | Graduation with minimum 60% marks and 7 papers passed of IAI as per the 2019 curriculum |
| Finance | 5 | Graduation with minimum 60% marks and ACA/ AICWA/ ACMA/ ACS/ CFA |
| Law | 5 | Bachelor’s Degree in Law with minimum 60% marks |
| IT | 5 | Bachelor’s Degree in Engineering (Electrical/ Electronics/ IT/ Computer Science) with minimum 60% marks OR Master’s in Computer Applications with minimum 60% marks OR equivalent degree |
| Research | 5 | Master’s Degree or 2-year Post Graduate Diploma in Economics/ Econometrics/ Quantitative Economics/ Mathematical Economics/ Statistics with minimum 60% marks |
| Generalist | 24 | Graduation with minimum 60% marks |
Vacancy Details
| Category | General | EWS | OBC | SC | ST | Total |
|---|---|---|---|---|---|---|
| Vacancies | 21 | 4 | 12 | 8 | 4 | 49 |
PwBD Reservation:
- Locomotor Disability (LD): 1 post
- Mental Illness/Multiple Disabilities: 1 post
- Blindness and Low Vision: 1 post
Selection Process
The selection process for IRDAI Assistant Manager 2024 will be conducted in three phases:
- Phase I – Online Preliminary Examination (Objective Type): This is a qualifying examination consisting of 160 questions across four tests: Reasoning, English Language, General Awareness, and Quantitative Aptitude.
- Total Questions: 160
- Total Marks: 160
- Duration: 90 minutes
- Phase II – Descriptive Examination: Candidates who qualify in Phase I will be eligible to appear for this examination, which includes three papers:
- Paper I: English (100 Marks)
- Paper II: Economic and Social Issues impacting Insurance (100 Marks)
- Paper III: Insurance and Management (100 Marks)
- Phase III – Interview: Candidates shortlisted based on their performance in Phase II will be called for an interview. The final selection will be based on the combined score of Phase II and the Interview in the ratio of 85:15.
Important Links
| Apply Online | Click Here | |
| Notification | Click Here | |
| Official Website | Click Here | |
Frequently Asked Questions (FAQs)
1. What is the last date to apply for IRDAI Assistant Manager Recruitment 2024?
The last date to apply online is 20-09-2024.
2. How many vacancies are available under IRDAI Assistant Manager Recruitment 2024?
There are a total of 49 vacancies available.
3. What is the educational qualification required for the Generalist stream?
Candidates must have a Graduation degree with at least 60% marks.
4. What is the selection process for IRDAI Assistant Manager Recruitment 2024?
The selection process involves three phases: Online Preliminary Examination, Descriptive Examination, and an Interview.
5. Is there an age relaxation for OBC candidates?
Yes, OBC candidates are eligible for a 3-year age relaxation.
Random Facts: Role of IRDAI in the Insurance Sector
- Regulation and Development: IRDAI plays a critical role in regulating and developing the insurance industry in India, ensuring the protection of policyholders’ interests.
- Policy Formation: The authority is responsible for framing regulations that govern the conduct of insurance companies, promoting fair practices, and fostering a competitive environment.
Did You Know? Career Growth Opportunities in IRDAI
Working as an Assistant Manager in IRDAI offers a path to a fulfilling career with numerous opportunities for growth. Employees have the chance to work on significant regulatory projects, contribute to policy formation, and move up the ranks within the organization based on merit and performance.
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