IRDAI Recruitment 2024: 49 Vacancies Available For Assistant Manager Recruitment
The Insurance Regulatory and Development Authority of India (IRDAI), headquartered in Hyderabad, has launched a recruitment drive to fill 49 Assistant Manager positions across different domains for the year 2024. Indian nationals meeting the eligibility criteria are invited to apply. The vacancies are distributed among various fields, including Actuarial, Finance, Law, IT, Research, and Generalist streams. The selection will be based on a three-tier process comprising a Preliminary Examination, a Descriptive Examination, and an Interview. The application process is now open, with the final date for submissions being September 20, 2024.
Key Information About IRDAI Recruitment 2024
- Position: Assistant Manager
- Total Openings: 49
- Notification Reference: HR/Recruitment/Aug/2024
- Educational Requirement: Degree or Postgraduate qualification
- Selection Process: Examination followed by Interview
- Application Deadline: September 20, 2024
- Organizing Body: Insurance Regulatory and Development Authority of India (IRDAI)
Breakdown of IRDAI Assistant Manager Vacancies (Stream-wise)
- Actuarial: 5 positions
- Finance: 5 positions
- Law: 5 positions
- IT: 5 positions
- Research: 5 positions
- Generalist: 24 positions
Age Criteria for IRDAI Assistant Manager 2024
- Minimum Age: 21 years
- Maximum Age: Maximum a candidate may apply if he/she is of 30 years of age (as of September 20, 2024)
- Candidates should have been born between September 20, 1994, and September 20, 2003.
Age Relaxation:
- 5 years for SC/ST candidates
- 3 years for OBC candidates
- Additional 10 years for Persons with Benchmark Disabilities (PwBD)
- Additional 5 years for Ex-servicemen and Commissioned Officers
Salary Structure for IRDAI Assistant Manager
Selected candidates will start with a basic monthly salary of ₹44,500. The split up of this overall pay scale progression is as given:
₹44,500 – ₹54,500 – ₹74,450 – ₹85,850 – ₹89,150 over a span of 17 years.
The total initial gross salary, excluding qualification-based allowances, is approximately ₹1,46,000 per month.
Educational Requirements for IRDAI Assistant Manager
- Actuarial: Bachelor’s degree with at least 60% marks, plus 7 papers cleared from the Institute of Actuaries of India (IAI) under the 2019 curriculum
- Finance: Bachelor’s degree with at least 60% marks and ACA/AICWA/ACMA/ACS/CFA certifications
- Law: The candidate applying must have a Law degree with a minimum percentage 60% marks scored overall.
- IT: Bachelor’s degree in Engineering (Electrical, Electronics, IT, Computer Science, or Software Engineering) with at least 60% marks, or MCA with 60%, or a Bachelor’s degree in any discipline with a Postgraduate qualification in Computers/IT with 60% marks
- Research: Master’s degree or Postgraduate Diploma in Economics, Econometrics, Statistics, or a related discipline with 60% marks
- Generalist: Bachelor’s degree with at least 60% marks
Selection Procedure for IRDAI Assistant Manager 2024
The selection involves three stages:
- Phase I – Preliminary Exam: An online test consisting of objective-type questions from various subjects.
- Phase II – Descriptive Exam: Candidates passing Phase I will qualify for this stage.
- Phase III – Interview: Successful candidates from the descriptive phase will move to the final interview round.
IRDAI Assistant Manager 2024 Preliminary Exam Pattern
- Test Sections:
- Reasoning: 40 questions (40 marks)
- English Language: 40 questions (40 marks)
- General Awareness: 40 questions (40 marks)
- Quantitative Aptitude: 40 questions (40 marks)
Application Fees for IRDAI Recruitment 2024
- General/OBC: ₹750 (the charge includes both the fees as well the intimation cost)
- SC/ST/PwBD: ₹100 (intimation charges only)
- Payment Methods: The fee can be paid online using credit/debit cards or net banking.
Application Process for IRDAI Assistant Manager 2024
Eligible candidates can apply via the official IRDAI IBPS portal starting from August 21, 2024. The following steps should be completed:
- Visit the IRDAI website.
- Navigate to the recruitment section and register by entering your basic details.
- Do not forget to Upload the necessary documents, as well as a photograph, signature, and all your relevant certificates.
- Pay the application fee using the provided payment gateway.
- Submit your application before the deadline.
Category | Link |
Notification Link | |
Official Website | |
Vacancies/Recruitment |
Important Dates to Note:
- Application Start Date: August 21, 2024
- Application Deadline: September 20, 2024
- Last Date for Editing Applications: September 20, 2024
- Last Date for Printing Applications: October 5, 2024
- Preliminary Exam Date: To be announced
FAQs on IRDAI 2024 Recruitment
Q: What does IRDAI stand for?
A: The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body created by the Indian Parliament to oversee and regulate the insurance industry.
Q: How many positions are available in this recruitment drive?
A: There are a total of 49 vacancies for the Assistant Manager role in different streams.
Q: What is the selection procedure for the positions mentioned above?
A: The selection process comprises a Preliminary Examination, Descriptive Examination, and an Interview.
The IRDAI Assistant Manager Recruitment 2024 provides an excellent opportunity for eligible candidates to secure a rewarding position in the insurance sector. Make sure to apply before the deadline and prepare thoroughly for the selection process to enhance your chances of success.
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