Preparing for the IRDAI (Insurance Regulatory and Development Authority of India) Assistant Manager Exam requires dedication and strategy. If you too are dreaming of building a career as an insurance advisor, you might be thinking of clearing IRDAI AM exam 2024 in first attempt. The exam involves tough competition, as lakhs of candidates want to join the insurance sector as Assistant Managers. In this blog, we will discuss how you can identify important topics and which books and mock tests you need to cover them, along with much more. Take a free mock test and discover how you can clear the IRDAI Grade A 2024 exam on your first attempt.
The first step of your IRDAI Grade A preparation strategy is identifying the important topics for both the Phase 1 and Phase 2 exams. This will allow you to focus on the high-weightage topics.
Here are the important topics for IRDAI Grade A Phase 1:
| Subject | Important Topics |
| Reasoning | Alphabetical/Alphanumeric Series, Coding-Decoding, Syllogism, Direction Sense, Inequality, Ranking, Blood Relation, Puzzles, Seating Arrangement, etc. |
| Quant | Percentage, Profit & Loss, Ratio, Simplification, Interest, Time & Work, Number Series, Trains & Boats, Mixture, Averages, Probability, DI, etc. |
| General Awareness | National & International News, Financial/Economic News, RBI/SEBI Regulations, Defense, Persons/Days in News, Science & Tech, Banking, Reports, etc. |
| English | Parts of Speech, Subject-Verb Agreement, Nouns, Pronouns, Tenses, Modals, Prepositions, Conjunctions, Articles, Adjectives, Adverbs, Conditional Sentences |
Here are the important topics for IRDAI Grade A Phase 2:
| Subject | Important Topics |
| Descriptive English | Essay, Precis Writing, Comprehension, Business/Office Correspondence |
| ESI Impacting Insurance | Economic Growth, Insurance Penetration, Macroeconomic Factors, Financial Markets, Insurance Regulation, Social Security Laws |
| Insurance | Basics, History, Principles of Insurance, Risk, Legal Foundation, Insurance Policies, Emerging Concepts, GIC |
| Management | Motivation, Communication, Leadership, General Management, HRD, Corporate Governance |
Preparing for the IRDAI (Insurance Regulatory and Development Authority of India) Assistant Manager exam requires a structured approach. You’ll have to pay attention to subjects like insurance, management, and current affairs. Here are some of the most effective proven tips to help you prepare effectively:
First and foremost, you should choose standard and result-oriented textbooks for insurance and management preparation. The books that you should choose must be easy to read and cover the topics that are part of the syllabus. They should have sample questions for practice.
Given below are the best titles that can guide you in the best way possible:
Begin a routine of studying current affairs at least 6 months before the exam. Concentrate on key activities, governmental actions, and important changes in the insurance industry. Plus, reading newspapers (like The Hindu or Economic Times), magazines (like Pratiyogita Darpan), and using online portals (like PIB and other news websites) are relevant resources for obtaining information. You should also read and summarize current affairs daily. You can also install apps that provide quizzes related to current events.
First of all, you need to have a good understanding of all the concepts. For this, you will have to deeply understand the insurance principles, different types of insurance, regulatory frameworks, and management principles thoroughly. The second point is case studies. You should analyze various types of case studies thoroughly and understand how they will be applied in the real world in insurance management. This will give you knowledge of both theory and practical aspects of the exam, which you will understand well. The third point is to study previous years’ question papers closely. You should thoroughly refer to previous years’ question papers. This will give you important information about the exam format and help you improve your time management skills. The point is that you will already have knowledge of the various types of questions that appear in the exam, and accordingly, you will prepare yourself.
Devise special hours for the revision of each subject. They can be used in notes/summaries for a quick look. Practice questions. You should practice more questions and sample papers for better understanding and improvement. The energy should be directed to sectors where the learner is weak.
Mock tests are termed as one of the most effective practice tests that replicate the real mock tests. These mock tests will help you experience the exam pattern, improve speed and accuracy in solving different types of questions, and eliminate weak areas. You can also attempt topic-wise tests. Topic tests focus on one section of the exam. You can also use these topic tests as the first steps toward mock tests. You can attempt them before taking full-length mock tests. Mock Tests give you the real feel of the actual IRDAI AM exam. Then, analyze your performance after giving each mock test. Don’t forget that the main aim of mock tests is to test your knowledge and instill improvement and confidence to succeed.
It is important to solve IRDAI Assistant Manager Previous Year Question Papers. This can help you understand question patterns. You will also get informed regarding the difficulty level of all sorts of questions in the Prelims and Mains exam. They will not only inject confidence in you to face the questions with the right set of mind but also let you know about the questions that frequently appear in the exam.
You need to follow all the tips mentioned above thoroughly. Create a good timetable and distribute your time properly among all subjects, so that you can give sufficient time to each subject. Whatever long-term goal you set, you should make small short-term goals to achieve it. And whenever a short-term goal is accomplished, reward yourself. This will keep your motivation high throughout your preparation and revision period. Along with this, maintain a balanced routine. Don’t forget that your routine should also have breaks, exercise, including some relaxation techniques. This will help you manage your stress and improve your concentration levels. Plus, you can also join a study group or an online forum. There, you can discuss insurance and management-related topics with other students. These healthy discussions can not only clarify your concepts but also help clear any doubts you may have.
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The important subjects include Insurance, Management, Reasoning, Quantitative Aptitude, General Awareness, and English.
Regularly read newspapers, magazines, and online resources. This will help you stay updated on important events and changes that occur in the insurance sector.
Notable titles include “Insurance Management” by P. K. Gupta and “Principles of Insurance” by R. K. Mishra.
Mock tests help simulate the actual exam experience, improve speed and accuracy, and identify weak areas for focused practice.
Create a structured timetable, focus on revision, practice regularly with mock tests, and engage in study groups for discussion and clarification.
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