IRDAI Grade A Phase 2 Exam Analysis 2023, Difficulty Level, Exam Review

IRDAI Grade A Phase 2 Exam Analysis 2023

The IRDA Grade A Phase 2 Exam was successfully conducted on 5 August 2023. The candidates who have appeared in the examination are now eager to know the IRDAI Grade A Phase 2 Exam Analysis 2023. The exam analysis is done based on feedback from many candidates and collecting questions from various centres. The general feedback of candidates was that exam was lengthy and there were a few unexpected questions too. The general difficulty level of questions was moderate.  Here candidates can get the complete IRDAI Grade A Phase 2 Exam Analysis 2023.

IRDAI Grade A Phase 2 Exam Analysis: Difficulty Level

The IRDAI Grade A Phase 2 Exam Analysis will be based on a number of parameters for empirical analysis and comments on the examination. Based on the standard practice we have covered the exam analysis on Difficulty Level, and the types and nature of questions asked in the examination.  Overall the difficulty level of the examination was moderate to difficult as per the candidates. Here is the sectional analysis of the difficulty level in the exam.

IRDAI Grade A Phase 2 Exam Analysis: Paper Wise

The IRDAI Grade A Phase 2 Exam is a descriptive examination with three papers: English, Economic and Social Issues Impacting Insurance, Insurance and Management. Here candidates can get a paper-wise analysis of the examination.

IRDAI Grade A Phase 2 Exam Analysis: English

The English section is held for 100 marks and there are questions in the form of Essays, Precis writing, Comprehension and Business/Office Correspondence. The nature of the examination was similar to the past year’s mains examination conducted by IRDAI but the section was lengthy. Here are a few topics in various sections that were asked in the examination.

1. Essay – Insurance Penetration
2. Letter – Write A Letter To Ombudsman Complaining About Repeation of Claims
3. A few questions were from Reading comprehension.
4. Candidates had to write precis too.

IRDAI Grade A Phase 2 Exam Analysis 2023: Economic and Social Issues Impacting Insurance

In this section of IRDAI Phase 2 the concepts of candidates in Economic and Social Issues Impacting Insurance are tested. The overall marks for this paper are 100 there were 3 questions of 24 marks and 4 of 7 marks each. The candidates found this paper to be of moderate level and the questions were current-oriented. Here are the questions asked in the Economic and Social Issues Impacting Insurance paper of IRDAI Grade A Phase 2 Exam 2023.

1. Pradhan Mantri Fasal Bima Yojana
2. Bima Sugam
3. Impact of covid on insurance.
4. Growth Expansion In Business Cycle.
5. Impact Of Climate Change On Climate Change

IRDAI Grade A Phase 2 Exam Analysis 2023: Insurance and Management

The Insurance and Management paper tests the core concepts of candidates. The candidates found this paper to be moderate and there were questions from topics related to insurance and management. Here is the list of questions asked in the Insurance and Management paper of IRDAI Grade A Phase 2 Exam 2023.

1. Principle of utmost good faith
2. Principle of indemnity
3. Insurance underwriting and risk management.
4. Retrocession and Pooling Arrangement
5. Discuss the communication skills with examples.
6. Discuss the factors affecting human resource management to salary management and benefit
7. Questions on insurance model and underwriting and risk management via table.
8. Bar Graph
9. Calculation-based insurance questions.
10. Digital transformation and change management.
11. Questions based on a passage by IRDA.

IRDA Assistant Manager Phase II Exam Pattern 2023

The IRDA 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).