IRDAI Assistant Manager Syllabus 2024: IRDAI Assistant Manager Phase 1 exam will be conducted on 6th November 2024. Candidates must know the IRDAI Assistant Manager Syllabus and Exam Pattern to start preparing for the exam. A study plan can be formulated after knowing the section-wise weightage covered in the Exam Pattern. Aspirants who want to target IRDAI Assistant Manager 2024 should know the sections covered in Prelims and Mains. They can make a routine to start covering topics for exams. It’s essential to keep knowledge of the syllabus and exam pattern to excel in exams.
Two essential tools required to start IRDAI Assistant Manager preparation are the syllabus and exam pattern. IRDAI Assistant Manager Syllabus 2024 covers all topics asked in Prelims and Mains. Candidates know the section-wise weightage provided in prelims and mains with exam pattern. IRDAI Exam Pattern gives a complete overview of sections, number of questions, marks, and time duration. Aspirants can solve questions to gain speed and accuracy to give correct attempts in a limited time.
Aspirants can check the given table to get an overview of the IRDAI Assistant Manager Syllabus. The selection process is conducted in multiple stages: Prelims, Mains, Document Verification, and Medical Examination. In Prelims, there are four sections Reasoning, English, Quantitative Aptitude, and General Awareness. The main exam consists of three sections Descriptive English, Economic & Social Issues, and Insurance & Management.
| IRDA Assistant Manager Syllabus 2024: Overview | |
| Organization Name | Insurance Regulatory and Development Authority of India |
| Name of Post | Assistant Manager |
| Total No. of Posts | To Be Updated |
| Selection Process | Prelims, Mains, Interview, Document Verification & Medical Examination |
| IRDAI Assistant Manager Prelims Sections | Reasoning, English, General Awareness, and Quantitative Aptitude |
| IRDAI Assistant Mains Sections | Descriptive English, Economic & Social Issues, and Insurance and Management |
| IRDAI Official Website | www.irdai.gov.in |
Before to jump into the preparation bandwagon, you should know about the exam pattern well. Check out the tables below to understand the subjects involved in all Phase 1 and 2 exams and the no. of questions asked, with maximum marks offered and the duration for each section of the exam.
| Phase 1 | |||
| Subject | No. of Questions | Maximum Marks | Duration |
| General Awareness | 40 | 40 | 90 Minutes |
| English Language | 40 | 40 | 90 Minutes |
| Quantitative Aptitude | 40 | 40 | 90 Minutes |
| Reasoning | 40 | 40 | 90 Minutes |
| Total | 160 | 160 | 90 Minutes |
NOTE: 1/4th mark will be deducted for every wrong answer attempted as per the negative marking scheme.
| Phase 2 | ||
| Name of Paper | Total Marks | Duration |
| Paper I: English | 100 | 180 minutes |
| Paper II: Economic and Social Issues | 100 | 180 minutes |
| Paper III: Insurance and Management | 100 | 180 minutes |
| Total | 300 | |
IRDAI Assistant Manager Prelims Syllabus gives a crystal clear pathway for to candidates start preparation in the right direction. The syllabus is prepared in detailed format from sections Reasoning, General Awareness, Quantitative Aptitude, and English Language.
| IRDAI Assistant Manager Syllabus 2024 for Prelims | |
| Reasoning | Seating Arrangement Puzzles Direction Sense Syllogism Blood Relation Coding-Decoding Order and Ranking Inequalities Alpha-Numeric-Symbol Series Machine Input-Output Data Sufficiency Logical Reasoning: Passage Inference, Statement, Assumption, Conclusion, Argument |
| Quantitative Aptitude | Simplification or Approximation Number Series (Missing or Wrong) Quadratic Equation Data Interpretation Data Sufficiency Quantity Comparison (Q1 & Q2) Arithmetic Ratio & Proportion Percentage Problems on Ages Probability Time & Work Time & Distance Simple Interest Compound Interest Average Profit & Loss Mixtures & Allegations Permutation & Combination Data Sufficiency Linear Equation Mensuration |
| English Language | Reading Comprehension Fillers Sentence Improvement Paragraph Jumbled Phrase Replacement/ Phrase Correction Match the Column Word Swap Word Rearrangement Idioms Vocabulary Error Detection Cloze Test Para jumble |
| General Awareness | Current Events Current Affairs (National & International) Budget Awards and Honors Sciences & Technology News National & International Organizations Books and Authors Major Financial/ Economic News Sports News Central Government Schemes Schemes & Conferences Agreements/ MoUs Banking & Financial Awareness Important Appointments Ranks/ Reports/ Indexes Obituaries Important Days |
IRDAI Assistant Manager Mains exam is descriptive papers. Questions are asked in Descriptive English, Economic & Social Issues Impacting Insurance, and Insurance & Management. We have compiled list of topics section-wise for the main descriptive paper.
Descriptive English paper is conducted to test the language and writing skills of candidates. Three descriptive-based questions asked from topics Precis Writing, Essay, and Comprehension and Business/Office Correspondence.
Economic & Social Issues Impacting Insurance section is Paper 2 in IRDAI Assistant Manager Mains Exam. Candidates face descriptive questions from a list covered in a detailed format.
| IRDAI Assistant Manager Syllabus for ESI Impacting Insurance |
| Economic Growth, business cycles, and insurance penetration, the impact of age structure on the economy, application of utility theory to insurance premium setting, macroeconomic factors including catastrophes and pandemics that may impact insurers and insurance markets |
| Financial markets, Financial Institutions, and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk |
| Economic capital and risk-based capital requirements, the economic impact of risk transfer arrangements including reinsurance, the contribution of the Insurance sector to the sustainable and responsible development of the economy, Insurance Investments in the Infrastructure sector |
| Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, the role of an Actuary, de-tariffing in India, motor business and Indian experience, changing Insurance Regulations/Laws and FSLRC |
| Social structure in India, Insurance in rural and social sectors, obligations of Insurers thereto, Indian Micro-Insurance experience, Social Security laws, and implementation thereof. RSBY – Health insurance scheme for Below Poverty Line (BPL) families |
Insurance and Management is Paper 3 in the IRDAI Assistant Manager Phase 2 exam. Candidates have to write descriptive answers from Insurance and Management topics to test knowledge regarding the latest happening in the Insurance Sector.
The Insurance Syllabus covers topics Indian Insurance History, Functions, and Insurance Products. Candidates who want to start a career insurance sector should know about these topics.
| List of Topics Covered in Insurance | |
| -History of Indian Insurance, Principles of Insurance -Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable interest -Legal foundations of Insurance, basics in Group/Health Insurance/Pensions; Intermediation: role in mobilizing savings, the evolution of various types and Bancassurance in India -Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment, 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 -Agricultural and Export Credit Guarantee; Reinsurance, GIC of India, obligator sessions and retention of risk within the Country. |
Management questions are asked in Phase 2 in descriptive format. Candidates should have conceptual knowledge of Management Process, Leadership, Human Resource Development, and Communication.
| IRDAI Assistant Manager Syllabus for Management |
| Its nature and scope |
| Management Processes – Planning, Organisation, Staffing, Directing and Controlling; the role of a Manager in an Organisation |
| Leadership: The tasks of a leader; leadership styles; leadership theories; A successful leader versus an effective leader |
| Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development |
| Performance Appraisal – Potential appraisal and development – feedback and performance counseling – rewards – employee welfare |
| Motivation, Morale, and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining Morale; Role of Incentives in Building up Morale |
| Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal 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 Prelims Exam Pattern Key Highlights:
| IRDA Assistant Manager Exam Pattern for Prelims | ||||
| S. No. | Name of Test | Questions | Marks | Time |
| 1. | Test of Reasoning | 40 | 40 | 90 minutes |
| 2. | Test of English Language | 40 | 40 | |
| 3. | Test of General Awareness | 40 | 40 | |
| 4. | Test of Quantitative Aptitude | 40 | 40 | |
| Total | 160 | 160 | 90 Minutes | |
IRDAI Assistant Manager Mains Exam is in descriptive form. There are three papers in mains. Candidates can check exam pattern in table to know marks and time provided to attempt mains exam questions.
| IRDA Assistant Manager Exam Pattern 2024 for Mains | ||
| Name of Paper | Marks | Time |
| Paper I: English | 100 | 60 |
| Paper II: Economic and Social Issues Impacting Insurance | 100 | 60 |
| Paper-III: Insurance and Management | 100 | 60 |
Preparing for the IRDAI Assistant Manager exam requires the right approach. Your preparation tips and tricks are a deciding factor in your journey to achieving your goal of becoming Assistant Manager in IRDAI. Candidates should be clear with targets after analyzing IRDAI Assistant Manager Syllabus and Exam Pattern. Keep in mind last year’s trends and fundamentals follow preparation tips.
| Related Blogs: | |
| IRDAI Assistant Manager Selection Process | IRDAI Assistant Manager Cut Off |
| IRDAI Assistant Manager Salary | IRDAI Assistant Manager Exam Date |
Candidates can get a detailed IRDAI Assistant Manager Syllabus 2024 in the blog.
IRDAI Assistant Manager Prelims Subject Reasoning, English, Quantitative Aptitude, and General Awareness.
IRDAI Assistant Manager Mains Subject Descriptive English, Economics & Social Issues, and Insurance & Management
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