The notification for Insurance Regulatory & Development Authority of India (IRDAI) Assistant Manager into several specialized posts has already been declared and the candidates can start their preparations for exam from the details given below.
IRDAI Assistant Manager Selection Process 2019
- Phase I- Preliminary Exam
- Phase II- Mains Exam
IRDAI Assistant Manager Exam Pattern 2019
|Total Marks||160 (40 each)|
|Total Questions||160 (40 each)|
|Total Time||90 minutes|
|Subjects Included||Reasoning, General Awareness, English, Quantitative Aptitude|
- In each section, the candidate has to qualify separately as per the cut off decided by IRDAI.
- The question paper will be set bilingually except for English language.
- There will be negative marking in exam which is 1/4th marks are deducted for each wrong answer.
|Exam Type||Descriptive (To be written on paper using Pen)|
|Total Marks||3000 (100 each)|
|Total Time||60 minutes each paper|
|Subjects Included||Paper I- English
Paper II- Economic & Social Issues impacting insurance
Paper III- Insurance & management
IRDAI Assistant Manager Syllabus 2019
English: Essay writing, precis writing, Comprehension, Business/ Office correspondence
Economic & Social Issues impacting insurance: Economic growth, business cycles, age structure, application of utility theory, financial markets, financial institutions, macroeconomic factors, premium setting, insurance markets, economic capital, systemic & concentration risk, economic capital, risk based capital requirements, contribution of insurance sector, insurance investments, economic reforms, insurance regulation, motor business, functions of IRDAI, role of actuary, de- tariffing in India, motor business, changing Insurance regulations, FSLRC, social structure in India, Insurance in rural & social sectors, indian micro insurance experience, social security laws, implementation there of, RSBY- Health Insurance Scheme for Below Poverty Line (BPL) families
Insurance: History, Principles, Risk & uncertainty, pooling & diversification, indemnity & insurable interest, legal foundations of insurance, basics in group/ health/ insurance/ pensions, intermediation, role in mobilizing savings, evolution of various types, bancassurance in India, function performed by insurers, insurance lines & products, GIC of India, obligator sessions, retention of risk
Management: Nature & scope, management processes (planning, leadership, staffing, directing, controlling), leadership (tasks, theories, types), human resource development (meaning, concept, goals, career planning), performance appraisal (feedback & performance counselling, rewards, employee welfare), motivation, morale, incentives, communication channels, oral/ written communication, barriers to communication, role of IT, corporate Goverance
Interview: The candidates who all clear the descriptive paper will be eligible for this round of selection and the candidates will be asked some general & post related questions.
Merit List: it will be prepared based on written exam (phase II) + interview.
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