IRDAI Assistant Manager Salary 2024, Salary Structure, Allowance and Perks

IRDAI Assistant Manager Salary 2024 ranges from Rs. 44,500 to Rs. 89,150/- per month which includes allowances and other perks. Know more about IRDAI Assistant Manager Pay Scale, Salary structure, Allowances, and Career Growth opportunities.

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The Insurance Regulatory and Development Authority of India (IRDAI) is conducting the IRDAI Assistant Manager Recruitment 2024 for 49 vacancies. Candidates applying for the post must know about the IRDAI Assistant Manager Salary, In Hand Salary, Perks, Allowances, and Career Growth. It is important to have a glance at the job profile of the IRDAI Assistant Manager. The IRDAI provides a decent salary with benefits. Go through the article to read about these points in detail.

IRDAI Assistant Manager Salary 2024

IRDAI Assistant Manager Salary is offered by the Insurance Regulatory and Development Authority of India (IRDAI) for the candidates who complete the recruitment process and get selected for the post of Assistant Manager. The IRDAI Assistant Manager post is a sought-after job in the current phase. Candidates must go through the article below to have a better understanding about the various job posts under IRDAI Assistant Manager, salary, perks, and allowances, etc. Read further to know more about the IRDAI Assistant Manager Salary 2024.

IRDAI Assistant Manager Salary Structure 2024

Those hired as Assistant Managers at IRDAI receive an appealing salary package. The IRDAI Assistant Manager Gross Salary is Rs. 1,46,000/- per month in the scale of Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150(17years) & along with allowances and additional benefits.

IRDAI Assistant Manager Salary Structure 2024
Component	Details
Starting Basic Pay	Rs. 44,500/- per month
Pay Scale	Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150 (17 years)
Annual Increments	Rs. 2,500/- for 4 years, Rs. 2,850/- for 7 years, Rs. 2,850/- for 4 years, Rs. 3,300/- for 1 year
Gross Monthly Salary	Approximately Rs. 1,46,000/- (excluding qualification allowance, wherever applicable))
Allowances	Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), Grade Allowance, Special Allowance, Qualification Allowance
Additional Benefits	Leave Travel Concession (LTC), medical benefits, insurance, performance-based incentives, housing loans, car loans, furniture allowance, reimbursement of telephone and internet expenses

IRDAI Assistant Manager Pay Scale

IRDAI, a government body in India, ensures the insurance sector runs smoothly. It oversees policy implementation and expects Assistant Managers to actively assist the public in investing in insurance companies. The IRDAI Assistant Manager Payscale is 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850- 3300(1)-89150 (17 years).

IRDAI Assistant Manager In Hand Salary 2024

The IRDAI Assistant Manager In Hand Salary is discussed in the table given below for the candidates. The in-hand salary is the compensation that the candidates receive after all the additions and deductions.

Period	IRDAI Assistant Manager Basic Pay	Increment Offered
Initial	Rs 44500	Rs 2500
After 4 Years	Rs.54500	Rs 2850
After 7 Years	Rs 74450	Rs 2850
After 11 Years	Rs 85850	Rs 3300
After 12 to 17 years	Rs 89150 (Maximum Pay)

IRDAI Assistant Manager Salary: Allowances and Benefits

Apart from the basic pay scale, the IRDAI Assistant Manager Salary will include other allowances in their salary structure as well, such as: –

Dearness Allowance
City Compensatory Allowance
House Rent Allowance
Grade Allowance
Qualification Allowance
New Pension Scheme

IRDA Assistant Manager Probation Period

After the candidates get selected as Assistant Managers in Generalist, Actuarial, Research, IT, Law, and Finance streams, they will be placed in a probation period of 1 year. It can be extended further, but note that the maximum period of probation is 2 years from the date of joining. The selected candidates may be assigned to any of the IRDAI offices and can be transferred between different departments or offices throughout their tenure.

IRDAI Assistant Manager Career Growth

IRDAI Assistant Manager Salary 2024: Any employee working under the IRDAI government of India has bright career prospects with innumerable opportunities. The hierarchy for IRDAI Assistant Manager is given below.

Assistant Manager
Deputy Manager
Manager
Senior Manager
General Manager

IRDAI Assistant Manager Job Profile

Assistant Managers at IRDAI are tasked with formulating and implementing plans and policies to regulate and ensure the efficient operation of insurance companies. They operate across various departments, adhering to their designated roles and responsibilities as prescribed by IRDAI.

An IRDAI Assistant Managers bear responsibility for ensuring regulatory compliance and supporting the smooth operations of insurance companies.
They ensure timely formulation and execution of policies without disrupting daily operations. Additionally, they manage communication between policyholders and insurance firms.
Furthermore, IRDAI Assistant Managers conduct regular research and analysis of provided data, collaborating with teams to derive insights crucial for policy formulation.
They also organize training sessions and provide guidance to junior staff, fostering improved performance and a cohesive work environment within IRDAI.
Coordination with team members involves task delegation and performance oversight.

Links Related to IRDAI Assistant Manager
IRDAI Assistant Manager Recruitment 2024	IRDAI Assistant Manager Salary 2024
IRDAI Assistant Manager Syllabus	IRDAI Assistant Manager Admit Card 2024

FAQs

What is IRDAI Assistant Manager Salary 2024?

The RDAI Assistant Manager Salary 2024 ranges from Rs. 44,500 to Rs. 89,150/- per month and gross salary is upto Rs. 1,46,000 included with allowances and benefits.

Q2. What is the basic salary offered to IRDAI Assistant Manager?

Ans. The basic salary offered to IRDAI Assistant Manager is Rs. 44,500 monthly.

Q3. What are the perks included in IRDAI Assistant Manager Salary 2024?

Ans. Dearness Allowance, House Rent Allowance, Grade Allowance, City Compensatory Allowance, and Qualification Allowance are among the benefits included by the IRDAI Assistant Manager Salary 2024.

What are the promotion prospects for an IRDAI Assistant Manager?

An IRDAI Assistant Manager can expect promotions based on performance and experience. The typical career progression is from Assistant Manager to Manager, then Assistant General Manager (AGM), Deputy General Manager (DGM), General Manager (GM), and finally, Executive Director. Promotions usually occur every 5-7 years depending on vacancies and individual performance.

Is the salary structure of IRDAI Assistant Managers revised periodically?

Yes, the salary structure is revised periodically in line with government guidelines or based on IRDAI's internal pay commission recommendations. These revisions ensure that the salaries remain competitive and in line with the industry standards.

How does the career growth in IRDAI compare with other government jobs?

The career growth in IRDAI is considered robust, with well-defined promotion avenues and a structured career path. It is comparable to other high-ranking government jobs, with the added benefit of working in a specialized regulatory body that plays a crucial role in the insurance sector.

What is the probation period for IRDAI Assistant Manager post after recruitment?

After selection, candidates will undergo a probationary period of one year, which may be extended if necessary. The total duration of probation will not exceed two years from the date of joining the service