IRDAI Assistant Manager Recruitment 2024 Notification
The Insurance Regulatory and Development Authority of India (IRDAI) has officially announced the IRDAI Assistant Manager Recruitment notification 2024 , providing an exciting opportunity for candidates seeking a career in regulatory government jobs. With 49 vacancies available for the Assistant Manager (AM) posts, this recruitment drive has garnered significant attention. The positions are open for various streams, including Actuarial, Generalist, Research, IT, Law, and Finance. This article delves into the details of the recruitment process, including eligibility criteria, important dates, exam patterns, salary structure, and more. The application process began on 21st August 2024, and candidates have until 20th September 2024 to submit their applications online.
IRDAI Assistant Manager Recruitment 2024 Overview
IRDAI is a statutory body responsible for regulating and developing the insurance sector in India. The authority has released the recruitment notification to fill 49 vacancies for the Assistant Manager posts across various streams. The selection process for the IRDAI Assistant Manager Recruitment 2024 includes a preliminary exam, a descriptive exam, and an interview. Candidates who meet the eligibility criteria can apply online by visiting the official website of IRDAI at www.irdai.gov.in.
IRDAI Assistant Manager Notification 2024 Highlights
The IRDAI Assistant Manager Recruitment Notification 2024 was published on 21st August 2024. It provides comprehensive information on the recruitment drive, including the number of vacancies, eligibility criteria, selection process, and more. Below are some key highlights of the notification:
| Organization | Insurance Regulatory and Development Authority of India (IRDAI) |
|---|---|
| Post | Assistant Manager (AM) |
| Number of Vacancies | 49 |
| Advertisement Number | HR/Recruitment/August/2024 |
| Category | Government Jobs |
| Application Mode | Online |
| Registration Dates | 21st August to 20th September 2024 |
| Selection Process | Phase 1: Online Examination Phase 2: Descriptive Examination Phase 3: Interview |
| Salary | Rs. 44,500 to Rs. 89,150 |
| Official Website | www.irdai.gov.in |
IRDAI Recruitment 2024 Important Dates
Candidates applying for the IRDAI Assistant Manager Recruitment 2024 must be aware of the critical dates associated with the application and examination process. The important dates are listed below:
| Event | Date |
|---|---|
| Release of IRDAI Notification 2024 | 21st August 2024 |
| Start of Online Application Process | 21st August 2024 |
| Last Date to Apply Online | 20th September 2024 |
| Last Date to Pay Application Fee | 20th September 2024 |
| Last Date to Print Application Form | 5th October 2024 |
| IRDAI Assistant Manager Exam Date | To be notified |
IRDAI Assistant Manager Vacancy 2024
The IRDAI has announced 49 vacancies for the Assistant Manager posts in various streams. The distribution of vacancies across different streams is as follows:
Stream-Wise Vacancy Distribution
| Stream | Number of Vacancies |
|---|---|
| Actuarial | 5 |
| Generalist | 24 |
| Research | 5 |
| IT | 5 |
| Law | 5 |
| Finance | 5 |
| Total | 49 |
Category-Wise Vacancy Distribution
The category-wise vacancy distribution for the IRDAI Assistant Manager posts is as follows:
| Category | Number of Vacancies |
|---|---|
| Unreserved (UR) | 21 |
| Economically Weaker Sections (EWSs) | 4 |
| Other Backward Classes (OBC) | 12 |
| Scheduled Caste (SC) | 8 |
| Scheduled Tribe (ST) | 4 |
| Total | 49 |
IRDAI Assistant Manager Eligibility Criteria
Candidates applying for the IRDAI Assistant Manager Recruitment 2024 must meet the eligibility criteria specified in the official notification. The eligibility criteria include educational qualifications and age limits.
Educational Qualifications
The educational qualifications required for different streams are as follows:
| Stream | Educational Qualification |
|---|---|
| Actuarial | Graduation with a minimum of 60% marks and 7 papers passed from IAI as per the 2019 curriculum |
| Generalist | Graduation with a minimum of 60% marks |
| Research | Master’s Degree or 2-year Post Graduate Diploma in Economics, Econometrics, Quantitative Economics, Mathematical Economics, Statistics, or related fields with a minimum of 60% marks |
| IT | Bachelor’s Degree in Engineering in relevant fields with a minimum of 60% marks OR MCA with 60% marks OR Graduation in any discipline with a postgraduate qualification in Computers/IT with a minimum of 60% marks |
| Law | Bachelor’s Degree in Law with a minimum of 60% marks |
| Finance | Graduation with a minimum of 60% marks and ACA, AICWA, ACMA, ACS, or CFA certification |
Age Limit (As of 20th September 2024)
The age limit for the IRDAI Assistant Manager Recruitment 2024 is as follows:
- Minimum Age: 21 years
- Maximum Age: 30 years
Candidates should have been born not earlier than 21st September 1994 and not later than 20th September 2003. Age relaxation is applicable for reserved categories as per the government norms:
| Category | Age Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC | 3 years |
| PwBD (SC/ST) | 15 years |
| PwBD (OBC) | 13 years |
| PwBD (GEN/UR) | 10 years |
| Ex-servicemen and Commissioned Officers | 5 years |
IRDAI Assistant Manager Recruitment 2024 Notification Selection Process
The selection process for the IRDAI Assistant Manager posts is divided into three stages:
- Stage 1: Online Preliminary Examination
- Stage 2: Descriptive Examination
- Stage 3: Interview
Stage 1: Online Preliminary Examination
The preliminary exam will be an objective-type exam with multiple-choice questions (MCQs). It will be qualifying in nature, and candidates will be shortlisted for the descriptive exam based on their performance in the prelims. The exam pattern for the preliminary exam is as follows:
| Name of Test | No. of Questions | Maximum Marks | Time Duration |
|---|---|---|---|
| Test of Reasoning | 40 | 40 | 90 minutes |
| Test of English Language | 40 | 40 | |
| Test of General Awareness | 40 | 40 | |
| Test of Quantitative Aptitude | 40 | 40 | |
| Total | 160 | 160 |
Stage 2: Descriptive Examination
The descriptive exam will consist of three papers, each carrying 100 marks. The exam pattern for the descriptive exam is as follows:
| Paper | Subject | Maximum Marks | Time Duration |
|---|---|---|---|
| Paper 1 | English | 100 | 60 minutes |
| Paper 2 | Economic and Social Issues Impacting Insurance | 100 | 60 minutes |
| Paper 3 | Insurance and Management | 100 | 60 minutes |
Stage 3: Interview
Candidates who qualify for the descriptive examination will be called for an interview. The final merit list will be prepared based on the combined score of the descriptive examination and the interview.
IRDAI Assistant Manager Salary 2024
The IRDAI Assistant Manager posts come with an attractive salary package. The selected candidates will receive a basic salary of Rs. 44,500 per month, with the salary structure ranging from Rs. 44,500 to Rs. 89,150. Additionally, the candidates will be eligible for various allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), and other perquisites as per the regulations. The total gross emoluments for the Assistant Manager post are approximately Rs. 1,46,000 per month.
| Post Name | Salary |
|---|---|
| Assistant Manager | Rs. 44,500 – Rs. 89,150 |
Conclusion
The IRDAI Assistant Manager Recruitment 2024 offers an excellent opportunity for individuals aspiring to build a career in the insurance regulatory sector. With a detailed and well-structured selection process, attractive salary, and growth opportunities, candidates should not miss out on this chance. Make sure to thoroughly read the official notification and apply online before the deadline of 20th September 2024.