IRDAI Assistant Manager Syllabus 2024 – The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced the latest IRDAI Assistant Manager Syllabus 2024. The selection process for the position consists of three phases – Phase I – Online Preliminary Examination, Phase II – Descriptive Examination, and Phase III – Interview. Aspiring candidates need to prepare for the exam by referring to the updated IRDAI Assistant Manager Exam Pattern 2024 and IRDAI Assistant Manager Exam Syllabus 2024.
IRDAI Assistant Manager Syllabus 2024
The detailed IRDAI Assistant Manager Syllabus 2024 PDF is available on the official website, irdai.gov.in. The IRDAI AM Syllabus 2024 provides a comprehensive guide for the subjects that will be covered in the exam. It is essential for candidates to have a thorough understanding of the IRDAI Assistant Manager Exam Syllabus 2024 to ensure better preparation and higher chances of success in the examination.
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IRDAI Assistant Manager Syllabus 2024 | Overview
| Latest IRDAI AM Syllabus 2024 | |
| Name of the Organization | Insurance Regulatory and Development Authority of India (IRDAI) |
| Post Name | Assistant Manager |
| Category | Syllabus |
| Selection Process |
|
| Job Location | Across India |
| Official Website | irdai.gov.in |
IRDAI Assistant Manager Selection Process
For the post of Assistant Manager, following is the selection process that will be done by the IRDAI officials.
- Phase I – Online Preliminary Examination (Objective Type)
- Phase II – Descriptive Examination
- Phase III – Interview
IRDAI Assistant Manager Exam Pattern 2024
IRDAI Assistant Manager Phase 1 Exam Pattern
| IRDA Assistant Manager Phase I Exam Pattern 2024 | ||||
|---|---|---|---|---|
| S. No. | Name of Test | No of Questions | Maximum Marks | Total Time |
| 1. | Test of Reasoning | 40 | 40 | Composite time of 90 minutes |
| 2. | Test of English Language | 40 | 40 | |
| 3. | Test of General Awareness | 40 | 40 | |
| 4. | Test of Quantitative Aptitude | 40 | 40 | |
| Total | 160 | 160 | 90 Minutes | |
Note:
- A candidate has to qualify in each of the four Objective Test separately and also in aggregate as per the cut-off marks for each test and in aggregate to be decided by IRDAI. Separate cut-offs may also be applied for each of the specialized stream and
General stream. - Tests will be conducted in English and Hindi (except Test of English Language which will be provided only in English).
- Negative Marking – There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.
IRDAI Assistant Manager Phase 2 Exam Pattern
| IRDA Assistant Manager Phase 2 Exam Pattern 2024 | ||
|---|---|---|
| Name of Paper | Max. Marks | Time(Minutes) |
| Paper-I: English | 100 | 60 |
| Paper-II: Economic and Social Issues impacting Insurance | 100 | 60 |
| Paper-III: Insurance and Management | 100 | 60 |
Note:
- Type of Paper – Descriptive (Questions will appear on screen and answers have to be
written on answer sheets) - Tests will be conducted in English and Hindi (except Test of English Language which will be provided only in English).
Phase III – Interview
Candidates who have been shortlisted in Phase II – Descriptive Examination only will subsequently be called for an Interview.
IRDA Assistant Manager Syllabus 2024
The IRDA Assistant Manager Syllabus 2024 provides a comprehensive guide to the topics that need to be covered for the online exam. Phase I of the exam will require candidates to prepare for Reasoning, English Language, Quantitative Aptitude, and General Awareness. The second phase of the exam will be a descriptive paper, and will cover subjects such as English, Economic and Social issues affecting insurance, and Insurance and Management. The IRDA Assistant Manager Phase 1 Syllabus 2024 and IRDA Assistant Manager Phase 2 Syllabus 2024 for each of these subjects, divided into topics, is discussed in detail in the IRDA AM Syllabus 2024.
IRDA Assistant Manager Phase 1 Syllabus 2024
Reasoning
- Visual Memory
- Space Visualization
- Analogy
- Problem-Solving
- Arithmetical Number Series
- Verbal and figure classification
- Arithmetical Reasoning
- Analysis and Judgement
- Differences
- Decision-making
- Similarities
English Language
- Reading Comprehension
- Cloze Test
- Parajumble
- Antonyms
- Synonyms
- Spellings
- Vocabulary
- Word Usage
- Error Detection
General Awareness
- Current Affairs(National & International)
- Current Events
- Major Financial/ Economic News
- Sports
- Important Days
- Inventions and Discoveries
- Budget and Five Year Plans
- Abbreviations
- Awards and Honors
- Books and Authors
- National & International Organizations
Quantitative Aptitude
- Number System
- Simplification & Approximation
- Linear Equation
- Mensuration
- Number Series
- Quadratic Equation
- Simple Interest
- Compound Interest
- Ratio & Proportion
- Problems on Ages
- Probability
- Time & Work
- Time & Distance
- Permutation & Combination
- Data Sufficiency
- Average
- Profit & Loss
- Mixtures & Allegations
- Percentages
IRDA Assistant Manager Phase 2 Syllabus 2024
Paper I – English
- Essay;
- Precis writing;
- Comprehension and Business/ Office Correspondence.
Paper II – Economic and Social issues impacting insurance
- Economic Growth, business cycles and insurance penetration, impact of age structure on 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, economic impact of risk transfer arrangements including reinsurance, contribution of Insurance sector to sustainable and responsible development of economy, Insurance Investments in Infrastructure sector;
- Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, 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 and obligations of Insurers thereto, Indian Micro-Insurance experience, Social security laws and implementation thereof. RSBY – Health insurance scheme for Below Poverty Line (BPL) families.
Paper III – 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 mobilising savings, 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; 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 counselling – 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.
★★ English Questions and Answers ★★
★★ Reasoning Questions and Answers ★★
★★ General Knowledge Questions and Answers ★★
★★ Aptitude questions and answers ★★
IRDA Assistant Manager Syllabus 2024 – FAQ
What is the IRDAI Assistant Manager selection process?
The selection process for the IRDAI Assistant Manager post consists of three phases – Phase I, which is an online preliminary examination, Phase II, which is a descriptive examination, and Phase III, which is an interview. Candidates who clear all three phases will be selected for the post.
What is the IRDAI Assistant Manager Phase I Exam Pattern 2024?
The IRDAI Assistant Manager Phase I Exam Pattern 2024 consists of four objective tests – Test of Reasoning, Test of English Language, Test of General Awareness, and Test of Quantitative Aptitude. The total time allotted for the exam is 90 minutes and each test carries 40 marks, making a total of 160 marks.
What is the IRDAI Assistant Manager Phase II Exam Pattern 2024?
The IRDAI Assistant Manager Phase II Exam Pattern 2024 consists of three descriptive papers – Paper-I: English, Paper-II: Economic and Social Issues impacting Insurance, and Paper-III: Insurance and Management. Each paper carries 100 marks and the time allotted for each paper is 60 minutes.
Is there any negative marking in the IRDAI AM Phase 1 Exam?
There will be negative marking, with 1/4th mark being deducted for each wrong answer.
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