IRDAI Assistant Manager Syllabus 2024 with Detailed Phase 1 & 2 Exam Pattern

IRDAI has announced the recruitment of 49 Grade A Assistant Managers in 2024. Candidates will be selected based on their performance in Phase 1, Phase 2 and Interview. To prepare effectively, it is important to understand the IRDAI Assistant Manager syllabus and exam pattern for both prelims and mains. Knowing the syllabus helps in creating a study plan by focusing on the important sections and their weightage. Candidates should familiarize themselves with the exam pattern and syllabus to improve their chances of success. Read below for detailed information about the IRDAI Assistant Manager syllabus and exam pattern.

IRDAI Assistant Manager Syllabus & Exam Pattern 2024

To prepare for the IRDAI Assistant Manager exam, candidates need to know the syllabus and exam pattern. The IRDAI syllabus includes all the subjects for both prelims and mains. For Phase 1, candidates have to study Reasoning, English Language, Quantitative Aptitude, and General Awareness. This online exam lasts for 90 minutes and is of 160 marks. Phase 2 exam consists of three important papers and the marks here will be crucial for the final selection. Understanding the exam pattern will help you understand the sections, number of questions, marks, and time limit. This knowledge is essential to practice effectively and improve your speed and accuracy.

IRDAI Assistant Manager Syllabus: Overview

Here, candidates can get an overview of the IRDAI Assistant Manager Syllabus and Exam Pattern in the given table.

IRDAI Assistant Manager Syllabus: Overview
Organization Insurance Regulatory and Development Authority of India
Name of the Exam IRDAI Exam 2024
Post Assistant manager
IRDAI Assistant Manager Recruitment 2024 21 August-2024
Vacancy 49
Social class Government Jobs
Application Mode Online
Selection Process Phase I, II & Interview
official website @www.irdai.gov.in

IRDAI Assistant Manager Syllabus 2024

The IRDAI AM Syllabus provides a clear path of topics to prepare for the online exam. For Phase I candidates will have to prepare for Reasoning, English Language, Quantitative Aptitude, and General Awareness. Phase II will be a descriptive paper and the subjects included in this phase are English, Economic and Social Issues Affecting Insurance, and Insurance and Management. The topic-wise IRDAI Assistant Manager Syllabus for each subject is discussed below.

IRDAI Assistant Manager Syllabus: Reasoning

  • seating arrangement
  • Puzzles
  • Direction sense
  • syllogism
  • blood relations
  • Coding-Decoding
  • order and ranking
  • Inequality
  • Alpha-Numeric-Symbol Series
  • machine input-output
  • data adequacy
  • Logical Reasoning (Inference, Statement, Assumption, Conclusion, Argument)

IRDAI Assistant Manager Syllabus: English Language

  • reading comprehension
  • Fillers
  • Sentence Correction
  • Paragraph mess
  • Phrase Substitution/Phrase Correction
  • Match Columns
  • Word Swap
  • Word Rearrangement
  • Idioms
  • vocabulary
  • error detection
  • cloze test
  • Make a mess

IRDAI Assistant Manager Syllabus: Quantitative Aptitude

  • Simplification or approximation
  • Number series (missing or wrong)
  • quadratic equation
  • data interpretation
  • data adequacy
  • Quantity comparison (Q1 and Q2)
  • Arithmetic (Ratio and Proportion, Percentages, Age Related Problems, Probability, Time and Work, Time and Distance, Simple Interest, Compound Interest, Average, Profit and Loss, Mixture and Allegation, Permutation and Combination, Data Sufficiency, Linear Equations, Mensuration)

IRDAI Assistant Manager Syllabus: General Awareness

  • current events
  • Current Affairs (National & International)
  • Budget
  • Awards and Honors
  • Science and Technology News
  • National and International Organizations
  • Books and Authors
  • Key Financial/Economic News
  • Sports News
  • Central Government Schemes
  • Schemes and Conferences
  • Agreements/MoUs
  • Banking and Financial Awareness
  • Important appointments
  • Ranks/Reports/Indices
  • Tributes
  • Important Days

IRDAI AM Syllabus: Descriptive English

  • Essay
  • Brief Writing
  • Understanding and Business/Office Correspondence

IRDAI Assistant Manager Syllabus: Economic and Social Issues Affecting Insurance

  • Economic growth, business cycles and insurance penetration, Effect of age structure on the economy, Application of utility theory in insurance premium determination, Macroeconomic factors including disasters and pandemics that may affect insurers and insurance markets
  • Risks arising from the integration and interconnectedness of financial markets, financial institutions and financial services; systemic risk and concentration risk
  • Economic capital and risk based capital requirements, Economic impact of risk transfer arrangements including reinsurance, Contribution of insurance sector in sustainable and responsible growth of the economy, Insurance investment in infrastructure sector
  • Insurance sector reforms in India due to economic reforms, Insurance Regulation – Financial and Market Conduct Regulation, Functions of IRDAI, Role of Actuary, De-tariffing in India, Motor Business and Indian Experience, Changing Insurance Regulation/Laws and FSLRC
  • Social structure in India, Insurance in rural and social sectors and responsibilities of insurers thereto, Indian micro insurance experience, Social security laws and their implementation. RSBY – Health Insurance Scheme for Below Poverty Line (BPL) families.

IRDAI Assistant Manager Syllabus: Insurance & Management

Part 1: Insurance

  • History of Indian Insurance, Principles of Insurance
  • Risk and uncertainty, combination and diversification of risk, indemnity and insurable interests
  • Legal basis of insurance, basics of group/health insurance/pension; intermediation: role in mobilizing savings, evolution of different types and bancassurance in India
  • Functions performed by insurers: product design, pricing, distribution, underwriting, claims, investments, 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 – Agriculture and Export Credit Guarantee; Reinsurance, GIC of India, Liability Cessation and Retention of Risk within the Country.

Part 2: Management

  • Its nature and scope
  • Management processes – planning, organising, staffing, directing and controlling; role of a manager in an organisation
  • Leadership: Functions of a leader; Leadership styles; Leadership theories; A successful leader versus an effective leader
  • Human Resource Development- Concept of HRD; Objectives of HRD; Career Planning – Training and Development
  • Performance appraisal – Potential assessment 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 morale
  • Communication: Steps in the communication process; Communication channels; Verbal versus written communication; Verbal versus nonverbal communication; Upward, downward and lateral communication; Barriers to communication
  • Role of Information Technology
  • Corporate Governance: Factors affecting corporate governance; Mechanisms of corporate governance.

IRDAI Assistant Manager Exam Pattern 2024

IRDAI Assistant Manager exam will be conducted in three stages: Phase I (Preliminary), Phase II (Main), and Interview. The preliminary exam will be objective type and will be of qualifying nature to be eligible for Phase II. Marks obtained in Phase I will not be considered for final selection or interview. Shortlisting for Phase III – Interview of candidates in Actuarial, Finance, Law, IT, Research and General streams will be based on the cumulative marks obtained in Papers I, II and III of Phase II – Descriptive Examination.

IRDAI Assistant Manager Phase I Exam Pattern

The Phase I exam for recruitment of Assistant Manager will be conducted online and will be objective type. The exam will be conducted in both English and Hindi languages ​​(except English Language test which will be in English only). There will be negative marking and 1/4th marks will be deducted for each wrong answer. To qualify the preliminary exam, the candidate will have to pass each of the four objective tests and in aggregate.

IRDAI Assistant Manager Phase I Exam Pattern
Name of the Test Number of questions Maximum Marks total time
test of reasoning 40 40 90 minutes
English Language Test 40 40
General Awareness Test 40 40
Quantitative Aptitude Test 40 40
Total 160 160 90 minutes

IRDAI Assistant Manager Phase II Exam Pattern

The IRDAI Assistant Manager Phase II exam will be of descriptive type and will consist of three papers. In this exam, the questions will appear on the screen and candidates will have to write the answers on the answer sheets. All the three papers will be conducted in both English and Hindi languages ​​(except the English language test, which will be conducted in English only).

IRDAI Assistant Manager Phase II Exam Pattern
Name of the paper Maximum Marks Time(minutes)
Paper I: English 100 60
Paper II: Economic and Social Issues Affecting Insurance 100 60
Paper-III: Insurance and Management 100 60
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