IRDAI Assistant Manager Syllabus 2024, Phase 1 and 2 Exam Pattern

The Insurance Regulatory and Development Authority of India (IRDAI) has released the IRDAI Assistant Manager Recruitment 2024 for 49 Grade A Assistant Managers. Candidates who are eligible to appear in the prelims examination can now prepare with the IRDAI Assistant Manager Syllabus 2024. It is important to understand the subjects and topics along with the structure of the examination to successfully appear in the prelims examination.

IRDAI Assistant Manager Syllabus 2024

If you want to excel in the IRDAI Assistant Manager exam, then prepare according to the latest IRDAI Assistant Manager Syllabus and Exam Pattern. The syllabus plays a vital role for the candidates in their preparation for the upcoming IRDAI Assistant Manager 2024 exam consists of all the important topics that will be asked in the exam.

The IRDAI Assistant Manager Syllabus consists of subjects like General Awareness, English Language, Quantitative Aptitude, and Reasoning for Phase 1 and English, Economic and Social Issues Impacting Insurance, and Insurance and Management for Phase 2. We have discussed the topics of these subjects in detail below.

IRDAI Assistant Manager Admit Card 2024 Out-Click to Download

IRDAI Assistant Manager Syllabus 2024: Overview

IRDAI Assistant Manager Syllabus has been released by the Insurance Regulatory and Development Authority of India along with the IRDAI Assistant Manager Notification 2024. The IRDAI Assistant Manager exam mode is online. Check the major highlights below.

IRDAI Assistant Manager Selection Process 2024

IRDAI Assistant Manager Recruitment is a 3-tier selection process namely Prelims, Mains, and Interview. The IRDAI Recruitment 2024 Selection Process includes the following stages-

1. Prelims Exam (Phase 1)- Online Exam (Objective)
2. Mains Exam (Phase 2)- Online Exam (Descriptive)
3. Interview
4. Document Verification
5. Medical Examination

IRDAI Assistant Manager Exam Pattern 2024 for Phase 1

All applicants can check the IRDAI Assistant Manager Prelims Exam pattern in the table below.

• Mode of Exam- Online
• Total number of questions – 160
• Each question carries 1 mark each
• Duration of Exam – 90 minutes
• Negative Marking – 1/4

IRDAI Assistant Manager Exam Pattern 2024 for Phase 2

The IRDAI Assistant Manager Mains Exam will be descriptive type and consist of three papers namely English, Economic and Social Issues impacting Insurance and Insurance and Management. All three papers will be held in both English and Hindi language except the English paper. Candidates must appear for all three papers in Phase II – Descriptive Examination. A separate Admission Letter will be issued for this purpose.

IRDAI Assistant Manager Syllabus – Phase I

The candidates must get complete knowledge of the topics to land the aspired job. The IRDAI Assistant Manager Syllabus 2024 for Phase I comprises subjects such as Reasoning Ability, Numerical Ability, English, and General Awareness. Check the subject-wise syllabus below:

IRDAI Assistant Manager Syllabus for Reasoning

• Visual Memory
• Analogy
• Problem-Solving
• Analysis and Judgement
• Similarities
• Arithmetical Number Series.
• Space Visualization
• Differences
• Decision-making
• Verbal and figure classification
• Arithmetical Reasoning

IRDAI Assistant Manager Syllabus for English

• Reading Comprehension
• Spellings
• Vocabulary
• Word Usage
• Antonyms
• Synonyms
• Error Detection
• Cloze Test
• Parajumble

IRDAI Assistant Manager Syllabus for Quantitative Aptitude

• Number System
• Simplification & Approximation
• Number Series
• Quadratic Equation
• 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

IRDAI Assistant Manager Syllabus for General Awareness

• Current Events
• Current Affairs(National & International)
• Budget and Five-Year Plans
• Abbreviations
• Awards and Honors
• Inventions and Discoveries
• National & International Organizations
• Books and Authors
• Major Financial/ Economic News
• Sports
• Important Days

IRDAI Assistant Manager Syllabus 2024 for Phase 2

The IRDAI Assistant Manager Syllabus for Mains has been discussed here for the candidates appearing in the examination.

IRDA AM Syllabus 2024: Descriptive English

1. Essay
2. Precis writing
3. Comprehension and Business/Office Correspondence

IRDA Assistant Manager Syllabus 2024: Economic and Social Issues

1. 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
2. Financial markets, Financial Institutions, and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk
3. Economic capital and risk-based capital requirements, the economic impact of risk transfer arrangements including reinsurance, the contribution of Insurance sector to the sustainable and responsible development of economy, Insurance Investments in the Infrastructure sector
4. Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, role of an Actuary, de-tariffing in India, motor business and Indian experience, changing Insurance Regulations/Laws and FSLRC
5. Social structure in India, Insurance in rural and social sectors and obligations of Insurers thereto, Indian Micro-Insurance experience, Social security laws and implementation thereof. RSBY – Health insurance scheme for Below Poverty Line (BPL) families.

IRDA Assistant Manager Syllabus 2024: Insurance and Management

Part 1: Insurance

1. History of Indian Insurance, Principles of Insurance
2. Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable interest
3. Legal foundations of Insurance, basics in Group/Health Insurance/Pensions; Intermediation: role in mobilizing savings, evolution of various types and Bancassurance in India
4. Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment and Reinsurance
5. 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.
   Part 2: Management
6. Its nature and scope
7. Management Processes – Planning, Organisation, Staffing, Directing and Controlling; role of a Manager in an Organisation
8. Leadership: The tasks of a leader; leadership styles; leadership theories; A successful Leader versus an effective leader
9. Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development
10. Performance Appraisal – Potential appraisal and development – feedback and performance counseling – rewards – employee welfare
11. Motivation, Morale, and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors Determining Morale; Role of Incentives in Building up Morale
12. 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
13. Role of Information Technology
14. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

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