IRDAI Assistant Manager Online Form 2023

Insurance Regulatory and Development Authority of India

IRDAI Assistant Manager Recruitment 2023

• Actuarial :- Graduation pass with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum.
• Finance :- Graduation pass with minimum 60 % marks and ACA/ AICWA/ ACMA/ ACS/ CFA.
• Law :- Bachelor's Degree in Law with minimum 60% marks.
• IT :- Bachelor's Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks Or
• Masters in Computers Application with minimum 60% marks Or
• Bachelor's Degree in any discipline with a post graduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks
• Research :- 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 :- Graduation pass in any stream with minimum 60% marks.

(i) Phase I - Online Preliminary Examination (Objective Type) - This is a qualifying examination to be eligible for Phase II - Descriptive Examination. Through this, candidates for Actuarial, Finance, Law, IT, Research streams and General stream shall be shortlisted separately for Phase II - Descriptive Examination as per standards to be decided separately by IRDAI (approximately 20 times the number of vacancies subject to availability). Marks secured in the Phase I - On-line Preliminary Examination will not count for interview or final selection.

(ii) Phase II - Descriptive Examination comprising 3 Papers (Paper I, II and III)

Phase III - Interview (a) Candidates for Actuarial, Finance, Law, IT, Research and General stream shall be shortlisted for Phase III - Interview based on the aggregate marks obtained in Papers I, II and III of Phase II - Descriptive Examination only.
(b) The minimum cut-off marks for being shortlisted for Phase III - Interview shall be decided for each stream by IRDAI.
(c) Final selection shall be based on the performance and merit of the candidates under respective stream in Phase II - Descriptive Examination and Phase III – Interview, taken together.

Selected candidates will draw a starting basic pay of Rs.44,500/- per month in the scale of Rs. 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. The candidates employed elsewhere and joining IRDAI will be fixed at the minimum of basic pay in the scale of pay applicable to the post. At present, initial monthly gross emoluments for Assistant Manager is approximately Rs. 1,30,000/- (excluding qualification allowance, wherever applicable). Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).