IRDAI Assistant Manager Syllabus 2024 With Detailed Phase 1 and 2 Exam Pattern

Candidates appearing for the IRDAI Grade A Phase 1 exam must check the IRDAI Assistant Manager Syllabus 2024 to get the details about the topics asked in the exam. IRDAI Assistant Manager exam is divided into 2 parts i.e. Phase 1 and Phase 2, here we have provided the IRDAI  Assistant Manager exam patter for both phases along with the syllabus. Candidates must note that the final selection will be based on 3 phases i.e. Phase 1, Phase 2 and Interview. Knowing the syllabus helps in creating a study plan by focusing on the important sections and their weight. Aspirants should familiarize themselves with the exam pattern and syllabus to improve their chances of success.

IRDAI Assistant Manager Syllabus & Exam Pattern 2024

To prepare for the IRDAI Assistant Manager Exam, candidates need to know the syllabus and exam pattern. IRDAI Syllabus covers all topics for both Prelims and Mains. For Phase 1, aspirants will have to study Reasoning, English Language, Quantitative Aptitude and General Awareness. This online exam lasts for 90 minutes and is worth 160 marks. Phase 2 exam consists of three important papers and the scores here will be important for final selection. Understanding the exam pattern will help you see the sections, number of questions, marks and time limits. This knowledge is essential for practicing effectively and improving your speed and accuracy.

IRDAI Assistant Manager Syllabus: Overview

Here, in the given table aspirants can have an overview of IRDAI Assistant Manager Syllabus & Exam Pattern.

IRDAI Assistant Manager Syllabus 2024

IRDAI AM Syllabus provides a crystal clear pathway of the topics to prepare for the online exam. For Phase I candidates will have to prepare Reasoning, English Language, Quantitative Aptitude, and General Awareness. Phase II will be a descriptive paper and the subjects covered in this phase are English, Economic and Social issues impacting insurance, and Insurance and Management. The topic-wise IRDAI Assistant Manager Syllabus for each subject is discussed below.

IRDAI Assistant Manager Syllabus: Reasoning

• Seating Arrangement
• Puzzles
• Direction Sense
• Syllogism
• Blood Relation
• Coding-Decoding
• Order and Ranking
• Inequalities
• Alpha-Numeric-Symbol Series
• Machine Input-Output
• Data Sufficiency
• Logical Reasoning (Passage Inference, Statement, Assumption, Conclusion, Argument)

IRDAI Assistant Manager Syllabus: English Language

• Reading Comprehension
• Fillers
• Sentence Improvement
• Paragraph Jumbled
• Phrase Replacement/ Phrase Correction
• Match the Column
• Word Swap
• Word Rearrangement
• Idioms
• Vocabulary
• Error Detection
• Cloze Test
• Para jumble

IRDAI Assistant Manager Syllabus: Quantitative Aptitude

• Simplification or Approximation
• Number Series (Missing or Wrong)
• Quadratic Equation
• Data Interpretation
• Data Sufficiency
• Quantity Comparison (Q1 & Q2)
• Arithmetic (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: General Awareness

• Current Events
• Current Affairs (National & International)
• Budget
• Awards and Honors
• Sciences & Technology News
• National & International Organizations
• Books and Authors
• Major Financial/ Economic News
• Sports News
• Central Government Schemes
• Schemes & Conferences
• Agreements/ MoUs
• Banking & Financial Awareness
• Important Appointments
• Ranks/ Reports/ Indexes
• Obituaries
• Important Days

IRDAI AM Syllabus: Descriptive English

• Essay
• Precis writing
• Comprehension and Business/Office Correspondence

IRDAI Assistant Manager Syllabus: Economic and Social Issues Impacting Insurance

• 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
• Financial markets, Financial Institutions, and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk
• 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
• Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, the role of an Actuary, de-tariffing in India, motor business and Indian experience, changing Insurance Regulations/Laws and FSLRC
• 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.

IRDAI Assistant Manager Syllabus: Insurance and Management

Part 1: Insurance

• History of Indian Insurance, Principles of Insurance
• Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable interest
• Legal foundations of Insurance, basics in Group/Health Insurance/Pensions; Intermediation: role in mobilizing savings, the evolution of various types and Bancassurance in India
• Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment, and Reinsurance
• 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

• Its nature and scope
• Management Processes – Planning, Organisation, Staffing, Directing, and Controlling; the role of a Manager in an Organisation
• Leadership: The Tasks of a Leader; leadership styles; leadership theories; A successful Leader versus an effective leader
• Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development
• Performance Appraisal – Potential appraisal and development – feedback and performance counseling – rewards – employee welfare
• Motivation, Morale, and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale
• 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
• Role of Information Technology
• Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

IRDAI Assistant Manager Exam Pattern 2024

The IRDAI Assistant Manager Exam will be conducted in three stages: Phase I (Prelims), Phase II (Mains), and Interview. The preliminary examination will be objective type and it is qualifying in nature to be eligible for Phase II. Marks obtained in Phase I will not be considered for final selection or Interview. Shortlisting for Phase III – Interview of candidates in Actuarial, Finance, Law, IT, Research, and General streams will be based on the cumulative marks obtained in Papers I, II, and III of Phase II – Descriptive Examination.

IRDAI Assistant Manager Phase I Exam Pattern

The Phase I Exam for the recruitment of Assistant Manager will be conducted online and it will be of objective type. The exam will be conducted both in English and Hindi language (except the test of English Language which will be only in English). There will be a negative marking and 1/4th mark will be deducted for each wrong answer. To qualify the prelims examination, the candidate will have to qualify for each of the four objective tests and also in aggregate.

IRDAI Assistant Manager Phase II Exam Pattern

The IRDAI Assistant Manager Phase II Exam will be descriptive type and will consist of three papers. In this test, questions will appear on screen and aspirants will have to write the answer on answer sheets. All three papers will be held in both English and Hindi language(except the test of English Language, which will be conducted only in English).