IRDA Recruitment

IRDA Recruitment 2017 – Apply Online for 30 Asst Manager Posts at www.irdai.gov.in. and see complete detail like Eligibility Criteria, Selection Process etc.

IRDA Recruitment 2017: 30 Assistant Manager Posts Available

IRDA Recruitment 2017: Insurance Regulatory and Development Authority of India (IRDAI), Hyderabad has given a notification for the recruitment of Assistant Manager vacancies through open competition on all India basis for its various offices. IRDA Recruitment is in process for the post of Assistant Managers. The Insurance Regulatory Authority of India or IRDA has advertised for 30 vacancies. The application process is online and you can submit your applications from the 15th of August 2017 to 5th September 2017.

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IRDA Recruitment: IRDA Vacancy Details

Total No. of Posts: 30 
Name of the Post: Assistant Manager
Name of the Specialization:
1. Actuarial: 04 Posts
2. Accounts: 04 Posts
3. Legal: 02 Posts
4. General: 20 Posts

Category Wise Vacancies:

Name Total No. of
Vacancies
Assistant
Managers
UR 16
OBC 07
SC 04
ST 03
Total 30

IRDA Recruitment: Important Dates

Starting Date to Apply Online & Fee Payment 15-08-2017
Last Date to Apply Online & Fee Payment 05-09-2017
Last Date to editing application details 05-09-2017 
Last date for printing your application 20-09-2017
Date for Phase – I Online Preliminary

Examination (Objective type)

04-10-2017
Last Date for Receipt of Application for

Pre-Examination Training (SC/ ST/ OBC/ PWD)

11-09-2017

IRDA Recruitment: Age Limit

Candidate age should be 21 to 30 years i.e., candidates should have been born not earlier than 6.9.1987 and not later than 5.9.1996 (both days inclusive) as on 05-09-2017.

IRDA Recruitment: Age Relaxation

Relaxation in the Upper Age Limit: Upper age limit for the post of Assistant Manager will be relaxed as under:

Category Relaxation in Age
  1. Scheduled Caste / Scheduled Tribe (SC/ST)
5 years
2. Other Backward Classes (OBC) 3 years
3. Persons with Disabilities (PWD) PWD (SC/ST) – 15 years

PWD (OBC) – 13 years

PWD (GEN/UR) – 10 years

4. Ex-serviceman and Commissioned Officers including Emergency Commissioned Officers and Short Service Commissioned Officers who have rendered at least five years Military Service as on 5th September, 2017 and have been released on completion of assignment (including those whose assignment is due to be completed within one year from 5th September, 2017) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to Military Service or on invalidment. 5 years
5. Ordinarily domiciled in the State of Jammu and Kashmir during the period from 1.1.1980 to 31.12.1989 5 years
6. Employees of IRDA To the extent of number of years of such service in IRDAI, subject to a maximum of three years.

IRDA Recruitment: Educational Qualification

Candidates should possess any of the following qualifications, at the minimum.

Specialization Qualification/s required
  1. Actuarial
1. Graduation from a recognized University with minimum 60% marks, and 2. Pass in Nine (9) Papers of the Institute of Actuaries of India (IAI) Examination
2. Accounts 1. Graduation from a recognized University with minimum 60% marks, and 2. ACA/AICWA/ACMA/ACS/CFA
3. Legal 1. Graduation from a recognized University with minimum 60% marks, and 2. LL.B with 60% marks
4. General Graduation from a recognized University with minimum 60% marks

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IRDA Recruitment: Salary Details

Pay scale: Selected candidates will draw a starting basic pay of Rs.28,150/- per month in the scale of Rs. 28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600 (17 years) and other allowances, like Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Grade Allowance, 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.81,000/-. The following qualification allowances, in addition to the above, are applicable to candidates selected for posts with professional qualifications.
Qualification Completion level Qualification allowance per month
Actuarial Nine papers of the Institute of Actuaries of India Rs.15,000/-
Accounts ACA/AICWA/ACS Rs. 3,500/-
  • Perquisites: Reimbursement of expenses is allowed for telephone expenses, brief case, book grant, allowance for furnishing of residence, medical expenses including annual health checkup, Group medical insurance, etc. as per eligibility. Leave Travel Concession (once in two years for self, spouse and eligible dependents) and loans and advances at concessional rates of interest for Housing, Car, Education, Consumer Articles, etc. are also allowed as per eligibility conditions. Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).
  • Seniority: Candidates selected from for all specializations will be placed in the Common Seniority and the seniority among these Officers will be fixed according to the ranking obtained by selected candidates

IRDA Recruitment: Selection Process

The selection process shall be as follows: 

i) Phase – I Online Preliminary Examination (Objective Type). This is a qualifying examination to be eligible for Phase – II Descriptive Examination. Through this, 6 candidates for Actuarial, Accounts and Legal specializations and General vacancies will 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 Online Preliminary Examination will not count for interview or final selection.

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

iii) Phase – III Interview Candidates for Actuarial, Accounts, Legal specializations and General vacancies will be shortlisted for Phase – III Interview based on the aggregate marks obtained in Papers I, II and III of Phase – II Descriptive Examination only. The minimum cut-off marks for being shortlisted for Phase – III Interview will be decided separately for each specialization and General vacanciesby IRDAI. Final selection will be based on the merit performance of the candidates under respective specialization in Phase – II Descriptive Examination and Phase – III Interview taken together.

IRDA Recruitment: Exam Pattern

(i) Phase I: Online Preliminary Examination (Objective Type) will be for 160 marks with four Tests as under:

Name of Tests (Objective) No of Questions/ Maximum Marks
  1. Test of Reasoning
40/ 40
2. Test of English Language 40/ 40
3. Test of General Awareness 40/ 40
4. Test of Quantitative Aptitude 40/ 40
Total 160/ 160

Total Time: Composite time of 90 minutes.

(ii) Phase – II Descriptive Examination will consist of three papers as under:

Name of Paper Marks/ Time (Minutes)
Paper-I: English 100/ 60
Paper-II: Economic and Social Issues impacting Insurance 100/ 60
Paper-III: Insurance and Management 100/ 60

Type of Paper: Descriptive (question papers displayed on computer and to be written using pen and paper)

IRDA Recruitment: Application Fee

For SC/ ST/ PWD/ Ex-servicemen Category Rs. 100/- (Intimation charges)
For Other Category Rs.650/- (Examination fee + Intimation charges)

Candidates should pay through Online mode by using Debit Cards (RuPay/ Visa/ MasterCard/ Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.

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IRDA Recruitment: How to Apply

Candidates may apply online through the website such as www.irdai.gov.in 15th August 2017 to 05th September 2017.

Instructions to Apply Online:
1. Before applying to online candidates should have scanned copies of the photograph/ signature.
2. Candidates should go through the website www.irdai.gov.in.
3. Go to What’s New —–> Select the desired Post.
4. Read the notification carefully and click on the Online link.
5. Fill the details and submit the form.
6. Then take the print out copy of the online application.

IRDA Recruitment: Important links

IRDA Recruitment 2017 More Information
Official Notification (English) View Details
Official Notification (Hindi) View Details
How to Apply Click Here
FAQ Click Here
Apply Online Click here

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