IRDAI ASSISTANT MANAGER NOTIFICATION 2023 OUT: APPLY BY 10TH MAY 2023

Updated On : 13 Apr, 2023

IRDAI ASSISTANT MANAGER RECRUITMENT 2023:

The Insurance Regulatory and Development Authority of India (IRDAI) has issued an official notification for the recruitment of the Assistant Manager on 11th April 2023. Online applications are invited by the candidates from the 11th of April to the 10th of May 2023. Through this recruitment drive, 45 vacant seats are going to be filled for the Assistant Manager (AM) grade through open competition on an India basis for its various offices. Read this article carefully to read the all exam-related information here which is necessary to know before applying for the examination.

IRDAI ASSISTANT MANAGER UPDATES 2023:

Exam conducting body 

Insurance Regulatory and Development Authority of India

Post name 

Assistant Manager 

Application dates

11th April to 10th of May 2023

Application mode

Online 

Vacancy 

45

Official website

Click here

Official notice 

Click here

Apply link 

Click here

IRDAI ASSISTANT MANAGER ELIGIBILITY CRITERIA 2023:

Age limit

Not below 21 years and not above 30 years as on 10.05.2023, i.e. candidates should have been born not earlier than 11.05.1993 and not later than 10.05.2002 (both days inclusive). Relaxation in age is also permissible for some special categories:-

Category 

Relaxation in age 

Scheduled Caste / Scheduled Tribe (SC/ST)

5 years

Other Backward Classes (OBC)

3 years 

Persons with Disabilities (PwBD)

PwBD (SC/ST) – 15 years PwBD 

(OBC) – 13 years PwBD 

(GEN/UR) – 10 years

Ex-servicemen and Commissioned Officers including Emergency Commissioned Officers and Short Service Commissioned Officers who have rendered at least five years of Military Service as on 10.05.2023 and have been released on completion of assignment (including those whose assignment is due to be completed within one year from 10.05.2023) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to Military Service or on invalidment.

5 years

Educational Qualification 

Post name 

Educational Qualification 

Actuarial

Graduation with minimum 60% marks and 7 papers passed of IAI as per the 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 / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks 

OR 

Master in Computers Application with minimum 60% marks 

OR 

Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers / Information Technology 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

Generalist 

Graduation with minimum 60% marks 

IRDAI ASSISTANT MANAGER APPLICATION PROCESS 2023:

  • Visit the official website of the IBPS.

  • On the homepage, you will get a link to “IRDAI- Recruitment of Assistant Manager - Registration starts from 11- Apr-2023. Click here to register.”

  • After clicking on the link, a new screen will appear where you will get the “Click here for new registration” tab.

  • Fill out your credentials carefully and register yourself. 

  • Once you have registered, your login credentials will be sent to your email Id.

  • Login with those credentials and fill out the application form.

  • Upload your documents in the needed format and pay the required application fee.

  • Now submit your application form and take a printout of the final submission for future reference. 

Application Fee

Category 

Application Fee 

Remarks 

SC / ST / PwBD

Rs.100/-

Intimation charges

Other than SC/ ST/ PwBD 

Rs.750/-

Examination fee and Intimation charges 

Note:- Fee once paid shall not be refunded under any circumstances nor the fee shall be held in reserve for any other examination or selection.

IRDAI ASSISTANT MANAGER SELECTION PROCESS 2023:

The selection process will consist of 3 steps:-

Phase I - On-line Preliminary Examination

Phase II - Descriptive Examination 

Phase III - Interview 

IRDAI ASSISTANT MANAGER EXAM PATTERN 2023:

Preliminary Examination

  • This is a qualifying examination that will be conducted in an objective type. 

  • Through this, candidates for Actuarial, Finance, Law, IT, Research streams and General streams shall be shortlisted separately for Phase II - Descriptive Examination.

  • A total of 160 questions will be asked for 160 marks. 

  • Candidates have to reply to all the questions in 90 minutes.

Name of Test

No of Questions

Maximum Marks

Total Time

Reasoning

40

40

Composite time of 90 minutes

English Language

40

40

General Awareness

40

40

Quantitive Aptitude 

40

40

Total 

160

160

Descriptive Examination 

  • Descriptive Examination comprising 3 Papers i.e. Paper I, Paper II and Paper III. 

  • Each paper will be conducted for 100 marks.

  • Candidates have to complete each examination in 60 minutes. 

Name of Test

Type of Paper

Maximum Marks

Time 

English 

Descriptive (Questions will appear on screen and answers have to be written on answer sheets)

100

60 minutes

Economic and Social Issues Impacting Insurance

100

60 minutes

Insurance and Management 

100

60 minutes

Interview

  • Candidates for Actuarial, Finance, Law, IT, Research and General streams shall be shortlisted for Phase III - Interview based on the aggregate marks obtained in Papers I, II and III of Phase II - Descriptive Examination only. 

  • Candidates who have been shortlisted in Phase II - Descriptive Examination only will subsequently be called for an Interview.

  • IRDAI shall notify the exact venue, its address, time and date of the interview later on IRDAI’s website and the shortlisted candidates for the Interview shall download their Admission Letters from the IRDAI website as per the schedule to be announced.

IRDAI ASSISTANT MANAGER VACANCY 2023:

Category-wise vacancy details are tabulated below:-

Category 

Vacancy 

Unreserved i.e. General (GEN/UR)

20

Economically Weaker Sections (EWSs)

04

Other Backward Classes (OBC)

12

Scheduled Castes (SC) 

06

Scheduled Tribes (ST)

03

Total 

45

Post-wise breakdown of the vacancy is tabulated below:-

Post name 

Vacancy 

Actuarial

05

Finance

05

Law

05

IT

05

Research 

05

Generalist 

20

Total 

45

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