IRDAI Recruitment 2023: Earn INR 1.3 Lakh PM| No Work Ex. Needed, Selection Via Exam
Gear up, job seekers! Here is your chance to build a strong career with the Insurance Regulatory and Development Authority of India (IRDAI). The Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body under the jurisdiction of the Ministry of Finance, Government of India, and is tasked with regulating and licensing the insurance and re-insurance industries in India. Below are the details.
IRDAI Recruitment 2023 For Assistant Managers: Eligibility
IRDAI is inviting applications from eligible Indian citizens for filling up 45 posts in Assistant Manager (AM) grade through open competition on an all-India basis for its various offices.
Age Limit: Not below 21 years and not above 30 years as of 10th May 2023. (There is age relaxation for particular categories)
Educational Qualifications: The candidates must meet the following criteria.
|
Stream |
Number of Posts |
Qualification Required |
|
Actuarial |
5 |
Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
|
Finance |
5 |
Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA |
|
Law |
5 |
Bachelor’s Degree in Law with minimum 60% marks |
|
IT |
5 |
Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks OR Master’s in Computers Application with minimum 60% marks OR Bachelor’s Degree in any discipline with a postgraduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks |
|
Research |
5 |
Master's Degree OR 2-years Post Graduate Diploma in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course/ Statistics/ Mathematical Statistics/Applied Statistics & Informatics with a minimum of 60% marks |
|
Generalist |
20 |
Graduation with minimum 60% marks |
IRDAI Recruitment 2023 For Assistant Managers: Selection Process
Selection will be through a country-wide competitive Phase I - Online Preliminary Examination (objective type) followed by Phase II - Descriptive Examination at select centers and Phase III - Interview. The details are as follows:
|
Phase I - On-line Preliminary Examination (Objective Type) |
|
|
Phase II - Descriptive Examination |
Includes: Paper I: English Paper II: Economic and Social Issues Impacting Insurance Paper III: Insurance and Management Each paper would be of 1 hour duration |
|
Phase III – Interview |
Candidates who have been shortlisted in Phase II - Descriptive Examination only will subsequently be called for an Interview. |
Pay Scale: Selected candidates will draw a starting basic pay of INR 44,500/- per month on the scale of INR 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)- 89150 (17 years) and other allowances, like Dearness Allowance, House Rent Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance, and other perquisites as approved from time to time, etc., as admissible from time to time.
At present, the initial monthly gross emoluments for Assistant Manager is approximately INR 1,30,000 (excluding qualification allowance, wherever applicable). Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).
How to Apply?
Interested candidates can apply using the official link. The application fee is INR 750 for general category candidates and INR 100 for SC/ST/PwBD candidates. The last date to apply is 10th May 2023. For more details, please refer to the official notification.
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