The Insurance Regulatory and Development Authority of India (IRDAI) has announced vacancies for 45 Assistant Manager (AM) positions in its different offices, inviting applications from eligible Indian citizens through an open competition held nationwide. The selection procedure consists of a country-wide competitive Phase I, which is an online preliminary examination featuring objective-type questions. This will be followed by Phase II, which is a descriptive examination held at select centers, and Phase III, which involves an interview.
IRDAI Recruitment Category Wise Vacancies Details
| Name of the Post | Unreserved i.e. General (GEN/UR) | Economically Weaker Sections (EWSs) | Other Backward Classes (OBC) | Scheduled Castes (SC) | Scheduled Tribes (ST) | Total |
|---|---|---|---|---|---|---|
| Assistant Manager | 20 | 4 | 12 | 6 | 3 | 45* |
The dates for this exam will be announced in due course. The last date for submission of online applications and payment of examination fee/intimation charges is May 10, 2023, while the website link for online registration of applications and payment of fees will open on April 11, 2023.
IRDAI Recruitment 2023 – Salary Details
The pay scale for the Assistant Manager positions in IRDAI is Rs. 28,150 – 55,600 per month. The selected candidates will also be eligible for other allowances such as Dearness Allowance, House Rent Allowance, and other benefits as per the rules of IRDAI.
IRDAI Recruitment 2023 – Important Dates
| Description | Schedule |
|---|---|
| Website Link Open for on-line registration of applications and payment of examination fee/intimation charges | 11.04.2023 |
| Last date for submission of on-line applications and payment of examination fee/intimation charges | 10.05.2023 |
| Phase I – On-line Preliminary Examination (Objective type) | Will be informed in due course |
IRDAI Recruitment 2023 – Education Qualification Details
| Sl. No. | Stream | Number of Posts | Qualification/s Required |
|---|---|---|---|
| 1 | Actuarial | 5 | Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
| 2 | Finance | 5 | Graduation with minimum 60% marks and ACA/AICWA/ACMA/ACS/CFA |
| 3 | Law | 5 | Bachelor’s Degree in Law with minimum 60% marks |
| 4 | IT | 5 | Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks OR Masters in Computers Application with minimum 60% marks OR Bachelor’s Degree in any discipline with a post graduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks |
| 5 | Research | 5 | Master’s Degree or 2-years 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 |
| 6 | Generalist | 20 | Graduation with minimum 60% marks |
To be eligible for the Assistant Manager positions in IRDAI, candidates must meet certain educational qualifications. For the Actuarial, Finance, Law, and Research streams, candidates must have a minimum of 60% marks in their respective Bachelor’s or Master’s degrees. For the IT stream, candidates should have a Bachelor’s degree in Engineering or Masters in Computer Applications, both with minimum 60% marks, or a Bachelor’s degree with a postgraduate qualification in Computers or Information Technology with minimum 60% marks. For all streams, candidates must have good communication skills and a working knowledge of computers. It is essential for candidates to meet these education qualifications to be considered for the Assistant Manager positions in IRDAI.
IRDAI Recruitment 2023 – Selection Process
The selection process for the IRDAI Assistant Manager positions is as follows:
Phase I – On-line Preliminary Examination (Objective Type): This is a qualifying exam for Phase II – Descriptive Examination. Candidates for Actuarial, Finance, Law, IT, Research streams, and General stream will be shortlisted separately for Phase II as per IRDAI standards (approximately 20 times the number of vacancies, subject to availability). Marks secured in Phase I will not count for interview or final selection.
Phase II – Descriptive Examination: This consists of three papers (Paper I, II, and III).
Phase III – Interview: Candidates for Actuarial, Finance, Law, IT, Research, and General stream will be shortlisted based on aggregate marks obtained in Papers I, II, and III of Phase II. IRDAI will decide the minimum cut-off marks for being shortlisted for Phase III.
Final Selection: The final selection will be based on the performance and merit of the candidates in Phase II – Descriptive Examination and Phase III – Interview, taken together, under their respective streams.
How to Apply for IRDAI Recruitment 2023
- Visit the official website of IRDAI.
- Click on the recruitment notification and read the details carefully.
- Click on the apply online link.
- Fill out the application form with the required details.
- Upload the scanned copies of the required documents.
- Pay the application fee/intimation charges through online mode.
- Verify the details and submit the application form.
- Take a printout of the application form for future reference.
Candidates can apply for IRDAI Recruitment by visiting the official website of IRDAI and submitting the online application form before the last date of application submission. The application fee/intimation charges can be paid through online mode only. Candidates should ensure that they meet the eligibility criteria before applying for the recruitment. The detailed instructions on how to apply for the IRDAI Recruitment will be available on the official website along with the notification.
IRDAI Recruitment 2023 – FAQs
Q: What is IRDAI?
A: IRDAI stands for Insurance Regulatory and Development Authority of India.
Q: How many Assistant Manager positions are available?
A: 45 positions are available.
Q: What is the selection process?
A: The selection process consists of three phases: Phase I (online preliminary exam), Phase II (descriptive exam), and Phase III (interview).
Q: Is there an age limit to apply for the Assistant Manager positions?
A: Yes, the maximum age limit is 30 years.
Q: What is the application fee?
A: The application fee is Rs. 1,000 for all candidates.
Q: What is the pay scale for Assistant Managers?
A: The pay scale is Rs. 28,150 – 55,600 per month.
Q: What is the duration of the probation period?
A: The probation period is for one year.
Q: What is the official website to apply for the Assistant Manager positions?
A: The official website is www.irdai.gov.in.
Q: What is the last date to submit the online application?
A: The last date to submit the online application is May 10, 2023.