Applications have already flooded the Insurance Regulatory & Development Authority of India (IRDAI) website. Aspirants are having ears to the ground for the exam notification. It’s time to knuckle down on preparation. I know I know you need a breather! That’s why we are here to make your journey a cakewalk. In this blog post, we are covering the Insurance & Management paper for IRDAI Assistant Manager Exam – 2023.
Let us throw a quick glance at the examination pattern of the IRDAI Assistant Manager Exam 2023
As we can see, the Insurance & Management Paper is only part of the second phase of the exam. Having said that, it’s the most important subject of the whole exam. The candidate must have a good understanding of Insurance & Management since it’s related to the very functioning of the organization. This topic will also be covered in Phase I.
Preparing for the IRDAI Assistant Manager Exam demands a strategic and comprehensive approach. Here are some of the very useful tips that will help the aspirants ace the exam.
Get yourself acquainted with the syllabus. It will help you draw a general idea of the topics and help you lay your strategy down.
Going through the previous year’s question paper is a must. It will give an idea of the topics and pattern of the questions. It will help you figure out the topics you need to focus on more and plan your strategy accordingly.
After having a run-through over the syllabus and previous years’ question paper note down the books needed for preparation.
Connect with the preparation fraternity, and join online groups and forums. Collect books that you have listed down.
Organize all the topics, and make a functional study plan. Set achievable small goals and try to go over all the topics every week.
Familiarize yourself with insurance terminology and practices. Fathom the basics of insurance. Study the concepts of insurance principles, types of insurance such as life, general, health etc., insurance policies, premium calculation, risk assessment, underwriting, claims management, and regulatory framework.
Understand the regulatory framework, guidelines, rules & regulations that govern the insurance industry. Keep up with the latest developments and changes in the sector.
Get the drift of the insurance products and their features, life insurance/general insurance/health insurance policies and the main stakeholders. Dig into marketing strategies used in the insurance sector. Get to know about product development, distribution channel, customer acquisition and retention etc.
Figure out the risk management principles and practices employed in the industry. Understand the process of risk assessment, risk identification, risk mitigation strategies, and risk transfer mechanisms in insurance.
Learn about the fundamental principles of management, organizational behaviour, corporate governance, leadership style, communication, human resource development, ethical practices, and regulatory compliance in the insurance industry.
Solving previous years’ question papers will give you an idea of the question patterns and topics from the questions that were selected.
Mock tests are an excellent way to evaluate your preparation and see how exam-ready you are. Regular practice brings significant improvements.
Keep up to speed on the insurance industry, the changes in policies, insurance and financial news, new emerging fields etc.
Whatever topics you have prepared, keep revising them regularly. Follow a study routine, and follow it religiously.
It’s very likely to lose motivation or hope during such exams. Hence, it’s important to make a conscious effort to keep yourself motivated and avoid irritability. Do breathing exercises, do yoga, go for a stroll to break the monotony, listen to soothing music and pamper yourself at each achievement.
The difficulty level of the IRDAI Assistant Manager Exam is considered medium to hard. It takes a focused and strategic and comprehensive approach, determination, persistence and to crack an exam of this level. In this regard, we are helping you with your journey and making it a lot easier. There are a lot of FREE resources on our site and blog like GA PDFs or you can try topic tests. Apart from that the first Mock Test of the IRDAI Assistant Exam is also free. So, what are we waiting for? It’s time to buckle down to the preparation. All the best!
Explore the NIACL AO Mains Exam Analysis 2024 including good attempts, difficulty level, new exam…
Solve the IDBI ESO Previous Year Question Papers provided in this blog. Candidates must solve…
Cover all the topics via RRB ALP Study Plan 2024 for CBT 1 exam by…
Hurry up and follow this amazing IDBI ESO 2024 Study Plan for 15 Days. This…
Grab the best RRB JE Study Plan 2024 For 1 month complimented by the simplest…
Here we are providing the ECGC PO Expected Cut Off 2024. Candidates can check Category…