The IRDAI Assistant Manager Salary 2024 has been declared through an official notification on the website of Insurance Regulatory and Development Authority of India. The candidates who will be selected for the post of Assistant Manager will be getting entitlement to a basic pay. Moreover, this will include certain perks and allowances such as Dearness Allowance, House Rent Allowance, Grade Allowance etc. The salary scale for those chosen will be INR 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150. The annual package of the Assistant Managers will range between INR 4,02,000 to INR 10,69,800. They will have to check the job profile which will include responsibilities such as policy formulation, monitoring compliance with regulatory guidelines. Keep reading the article for more details. Click to visit the official website.
IRDAI Assistant Manager Salary 2024
The salary scale for those chosen will be Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)-89150. The candidates will have to serve a year on probation for a year with the possibility of an extension. Therefore, the total probationary time will not exceed two years.
IRDAI Assistant Manager In-hand Salary 2024
The candidates who will qualify all the stages of the selection process will be selected as the IRDAI Assistant Managers across various departments. They will be getting an entitlement to a basic pay which wil be Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850-3300(1)- 89150 per month. All the selected candidates will get a basic pay of INR 44,500/- per month. The salary will range between INR 44, 500 to INR 89, 150 per month. The starting gross monthly salary for an assistant manager is currently at Rs. 1,30,000. This implies that the annual package of the Assistant Managers will range between INR 4,02,000 to INR 10,69,800.
IRDAI Assistant Manager Allowances
Being an Assistant Manager at the Insurance Regulatory and Development Authority of India, you will receive various allowances and perks. These allowances are meant to provide assistance to employees other than the salary they are offered. To manage all their day-to-day expenses, the exact amount of these allowances may vary. This may depend on various factors such as the employee’s grade, location, and years of service. Some of the common allowances that IRDAI Assistant Managers are as follows –
- Dearness Allowance
- House Rent Allowance
- Qualification Allowance
- City Compensatory Allowance
- Grade Allowance
IRDAI Assistant Manager Job Responsibilities 2024
As an IRDAI Assistant Manager, you will be tasked with a variety of responsibilities that contribute to the effective regulation and supervision of the insurance industry. Your duties may include policy formulation, monitoring compliance with regulatory guidelines, and ensuring that insurance companies adhere to established laws. Additionally, you might be involved in risk assessment, data analysis, and inspections to make sure the market runs honestly and openly. In addition, you can be in charge of maintaining financial reporting, resolving consumer complaints, and assisting senior management with decision-making. Your job will be important in sustaining the stability and expansion of the insurance sector in India, providing consumer protection and creating a competitive market environment.
IRDAI Assistant Manager Job Growth
After the candidates get selected as the Assistant Managers, the role of an IRDAI Assistant Manager is very dynamic and has immense growth opportunities. The insurance industry’s regulatory framework provides a planned career path with chances for ongoing education and professional growth. It is possible to go from the position of Assistant Manager to more senior positions such as Deputy Manager, Manager, and Chief General Manager depending on your experience, qualifications, and background. One significant regulatory body is the IRDAI. With more experience, you may also be able to lead teams, work on specialized projects, and influence national policy. In addition to offering a secure career, the position has the ability to have a big influence on India’s insurance market.
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