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The IRDAI Assistant Manager Syllabus 2024 has been declared through an official notification on the website of IRDAI. The candidates who are applying for the post of Assistant Manager across various departments will have to prepare subjects such as Reasoning, English, Quantitative Aptitude, General Awareness etc. There will be two phases of the exam: phase 1 and Phase 2. The Phase 1 will have objective questions from subjects whereas the Phase 2 will have subjective questions from various topics and subjects. The exam pattern for both the phases will vary. Keep reading the article for more information. Click here to Visit the official website!
IRDAI Assistant Manager Syllabus 2024
The IRDAI Assistant Manager Syllabus will consist of subjects such as Reasoning, English, Quantitative Aptitude and General Awareness etc. However, the topics might differ for the Phase 1 and Phase 2 exam. The exam pattern will consist of a marking scheme.
Topics Covered in Reasoning Syllabus for IRDAI Assistant Manager Exam
Visual Memory
Analogy
Problem-Solving
Analysis and Judgement
Similarities
Arithmetical Number Series
Space Visualization
Differences
Decision-making
Verbal and Figure Classification
Arithmetical Reasoning
English Syllabus
Topics Covered in English Syllabus for IRDAI Assistant Manager Exam
Reading Comprehension
Spellings
Vocabulary
Word Usage
Antonyms
Synonyms
Error Detection
Cloze Test
Parajumble
Quantitative Aptitude Syllabus
Topics Covered in Quantitative Aptitude Syllabus for IRDAI Assistant Manager Exam
Number System
Simplification & Approximation
Number Series
Quadratic Equation
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
General Awareness Syllabus
Topics Covered in General Awareness Syllabus for IRDAI Assistant Manager Exam
Current Events
Current Affairs (National & International)
Budget and Five Year Plans
Abbreviations
Awards and Honors
Inventions and Discoveries
National & International Organizations
Books and Authors
Major Financial/Economic News
Sports
Important Days
Phase 2 Exam Syllabus
The Phase 2 exam will consist of Subjects such as English language, Economic and Social Issues, Insurance and Management.
English language
IRDAI AM Syllabus 2024: Descriptive English
Topics Covered
Essay
Precis Writing
Comprehension
Business/Office Correspondence
Economic and Social Issues Syllabus
Economic and Social Issues
Topics Covered
Economic Growth and Business Cycles
Insurance penetration, impact of age structure on the economy, application of utility theory
Macroeconomic Factors
Catastrophes, pandemics, and their impact on insurers and insurance markets
Financial Markets and Institutions
Financial services integration, risks from interconnectedness, systemic and concentration risk
Economic Capital and Risk-Based Capital Requirements
Economic impact of risk transfer arrangements, reinsurance, insurance sector’s contribution to sustainable development, Insurance investments in infrastructure
Economic Reforms in India
Insurance sector reforms, financial and market conduct regulations, IRDAI functions, role of Actuary, de-tariffing, motor business, changing insurance regulations/laws
Social Structure in India
Insurance in rural and social sectors, obligations of insurers, Indian micro-insurance experience, social security laws, RSBY – Health insurance for BPL families
Part 1: Insurance
Topics Covered
Subtopics
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, 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, 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, retention of risk within the country
Part 2: Management
Topics Covered
Subtopics
Nature and Scope of Management
Management Processes
Planning, Organisation, Staffing, Directing, and Controlling; role of a Manager in an Organisation
Leadership
Tasks of a leader; leadership styles; leadership theories; successful versus effective leadership
Human Resource Development
Concept and goals of HRD; Career Planning – Training and Development
Performance Appraisal
Potential appraisal and development – feedback and performance counselling – rewards – employee welfare
Motivation, Morale, and Incentives
Theories of Motivation; how managers motivate; concept of morale; factors determining morale; role of incentives in building morale
Communication
Steps in the communication process; communication channels; oral vs. written communication; verbal vs. 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 Pattern 2024 will comprise of two phases: Phase I & Phase II. The candidates who will qualify the Phase I will be eligible to take the Phase II examination. Read below to know more.
IRDAI Assistant Manager Phase I Exam Pattern 2024
The Phase I of the exam will comprise 160 questions. Each question will consist of 1 mark and this implies that there will be a total of 160 marks. There will be 40 questions from each subject.
Subject
No. of Questions
Maximum Marks
Duration
General Awareness
40
40 Marks
90 Minutes
English Language
40
40 Marks
Quantitative Aptitude
40
40 Marks
Reasoning
40
40 Marks
Total
160
160 Marks
90 Minutes
IRDAI Assistant Manager Phase II Exam Pattern 2024
The IRDAI Assistant Manager Syllabus will comprise various subjects. Apart from that, there will be two phases to complete the selection process. So, there will be a Phase II and the total duration to complete the exam will be 180 minutes. There will be a total of 300 marks. Refer to the table below for more details.
Name of Paper
Total Marks
Duration
Paper I: English
100
180 minutes
Paper II: Economic and Social Issues impacting Insurance
Hopefully, this information was useful for all the aspiring candidates preparing for the government exams. Check DailyExamNews to stay informed about the latest recruitments, tests, vacancies, and developments regarding government exams.
