IRDAI (Insurance Regulatory and Development Authority of India) Assistant Manager exam is conducted in two phases: Phase 1 (Prelims) and Phase 2 (Descriptive). There is also an interview round for candidates who qualify in the first two phases. Here is a detailed breakdown of the syllabus and exam pattern for each phase:
IRDAI Assistant Manager Exam Pattern 2024
The syllabus and exam pattern for both phases are designed to test the candidates’s knowledge and aptitude in various areas relevant to the insurance sector and general competencies.
| Recruitment Conducted By | Insurance Regulatory and Development Authority of India (IRDAI) |
| Name of Recruitment | Assistant Manager (AM) EXAM 2024 |
| No of Vacancies | 49 |
| Category | SYLLABUS |
| Important LINK | NABARD Assistant Manager Syllabus 2024 Prelims & Mains Pattern
Indian Bank Local Bank Officer Syllabus 2024, Interview & Exam Pattern |
| Mode of Exam | Offline (OMR Based) |
| Selection Process | Prelims (Phase I), Mains (Phase II) and Interview |
| Official Website | https://irdai.gov.in/notifications/vacancies |
Contents
Phase 1: Preliminary Exam (Objective Test)
The preliminary exam is an objective test consisting of multiple-choice questions (MCQs). The exam pattern is as follows:
| Section | Number of Questions | Maximum Marks | Duration |
|---|---|---|---|
| English Language | 40 | 40 | 90 minutes |
| Reasoning Ability | 40 | 40 | |
| Quantitative Aptitude | 40 | 40 | |
| General Awareness | 40 | 40 | |
| Total | 160 | 160 | 90 minutes |
- Negative Marking: There is a negative marking of 0.25 marks for each incorrect answer.
- Cut-off Marks: Candidates need to clear the sectional as well as the overall cut-off to qualify for Phase 2.
Phase 2: Descriptive Exam (Main Exam)
The descriptive exam is designed to test candidates’ analytical and writing skills in the context of the insurance and financial sector. The pattern is as follows:
| Section | Maximum Marks | Duration |
|---|---|---|
| English (Essay, Precis, and Comprehension) | 100 | 60 minutes |
| Economic and Social Issues Impacting Insurance | 100 | 60 minutes |
| Insurance and Management | 100 | 60 minutes |
| Total | 300 | 180 minutes (3 hours) |
- Type of Questions: The questions will be descriptive, requiring candidates to write essays, précis, and comprehension.
- Weightage: Each paper carries equal weightage.
- Mode of Examination: The descriptive paper may be conducted online (typed) or offline (written), as specified by IRDAI in the notification.
Phase 3: Interview
- Total Marks: 50
- Candidates who qualify in Phase 2 will be called for an interview round.
- The final selection will be based on the combined scores of Phase 2 (Descriptive Exam) and the Interview.
IRDAI Assistant Manager Syllabus 2024 Phase 1: Preliminary Exam Syllabus
- English Language:
- Reading Comprehension
- Cloze Test
- Fill in the Blanks
- Error Spotting
- Sentence Improvement
- Para Jumbles
- Vocabulary (Synonyms, Antonyms)
- Reasoning Ability:
- Puzzles and Seating Arrangement
- Syllogism
- Inequalities
- Coding-Decoding
- Blood Relations
- Direction Sense
- Data Sufficiency
- Logical Reasoning
- Quantitative Aptitude:
- Data Interpretation
- Simplification/Approximation
- Number Series
- Quadratic Equations
- Arithmetic Problems (Profit and Loss, Time and Work, Time, Speed and Distance, Percentage, Ratio and Proportion, Mixtures and Alligations, Simple and Compound Interest, Probability)
- General Awareness:
- Current Affairs (National and International)
- Banking Awareness
- Insurance Awareness
- Economic and Financial Awareness
- Static GK (Important Days, Books and Authors, Countries, Capitals and Currencies, Awards, Sports)
Phase 2: Descriptive Exam Syllabus
- English (Essay, Precis, and Comprehension):
- Essay Writing on Current Topics
- Precis Writing
- Comprehension Passage
- Economic and Social Issues Impacting Insurance:
- Economic Growth and Development
- Economic Reforms in India
- Globalization
- Social Structure in India
- Insurance Sector in India
- Financial Markets
- Recent Developments in Financial Sector
- Insurance and Management:
- Principles of Insurance
- Insurance Regulations
- Risk Management
- Financial Management
- Human Resource Management
- Marketing Management
- Organizational Behavior
- Insurance Industry Updates and Trends
Phase 3: Interview Round Pattern
The interview will assess the candidate’s knowledge of the insurance sector, their problem-solving ability, communication skills, and overall personality. It is crucial for candidates to be well-versed in current affairs, especially those related to the insurance and financial sectors, and to be able to articulate their thoughts clearly and confidently.
Preparation Tips:
- Phase 1: Focus on clearing basic concepts in each subject and practice regularly through mock tests to improve speed and accuracy.
- Phase 2: Develop strong writing skills, particularly in essay and précis writing. Stay updated with current events, especially those impacting the economy and insurance.
- Interview: Prepare on current insurance sector trends, personal background, and common interview questions. Practice mock interviews to build confidence.
Good luck with your preparation for the IRDAI Assistant Manager (AM) Exam 2024.
Important IRDAI Assistant Manager Syllabus FAQs
Is there a specific cutoff for each section in the IRDAI Assistant Manager exam?
Yes, candidates need to clear the sectional cutoff in each section as well as the overall cutoff to qualify for the next phase. The cutoffs are determined by the IRDAI based on the difficulty level of the exam and the number of candidates.
What is the weightage of the Descriptive Exam and Interview in the final selection?
The final selection is based on the combined scores of the Phase 2 Descriptive Exam (300 marks) and the Interview (50 marks). The Phase 1 Preliminary Exam is qualifying in nature and is not considered in the final merit list.
Can I choose the language for the Descriptive Exam?
The IRDAI Assistant Manager exam is usually conducted in English for the Descriptive Exam. Therefore, candidates are required to write their essays, précis, and comprehension in English.
What is the selection process for the IRDAI Assistant Manager exam?
- Phase 1: Preliminary Exam (Objective Test): This phase consists of multiple-choice questions (MCQs) covering English Language, Reasoning Ability, Quantitative Aptitude, and General Awareness. Each section has 40 questions, totaling 160 questions for 160 marks. The exam duration is 90 minutes.
- Phase 2: Descriptive Exam (Main Exam): This phase tests the candidate's analytical and writing skills through descriptive questions on English (Essay, Precis, and Comprehension), Economic and Social Issues Impacting Insurance, and Insurance and Management. Each paper is for 100 marks, with a duration of 60 minutes per paper.
- Phase 3: Interview: Candidates who qualify in Phase 2 are called for an interview, which is worth 50 marks.
