IRDAI Assistant Manager Syllabus 2023, Exam Pattern & Syllabus

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IRDAI Assistant Manager Syllabus 2023

IRDAI Assistant Manager Syllabus 2023: Insurance Regulatory and Development Authority of India has released the IRDAI Assistant Manager Syllabus 2023 along with the IRDAI Assistant Manager Notification. If you want to excel in the IRDAI Assistant Manager exam, then prepare according to the latest IRDAI Assistant Manager Syllabus and Exam Pattern. The IRDAI Assistant Manager Syllabus 2023 plays a vital role for the candidates in their preparation for the upcoming IRDAI Assistant Manager 2023 exam consists of all the important topics that will be asked in the exam. Bookmark this article for all further updates regarding IRDAI Assistant Manager Syllabus 2023.

IRDAI Assistant Manager Syllabus 2023 Overview

IRDAI Assistant Manager Syllabus 2023: The Insurance Regulatory and Development Authority of India has released all important details for IRDAI Assistant Manager Syllabus and Exam Date 2023. The IRDAI Assistant Manager Syllabus for the Written examination is held for a total of four subjects: Reasoning Ability, English Language, General Awareness, and Quantitative Aptitude.

IRDAI Assistant Manager Syllabus 2023
Name of Board	Insurance Regulatory and Development Authority of India
Name of exam	IRDAI Assistant Manager Exam
Exam Date	To be Notified
Exam type online	Online
Category	Syllabus
Total number of questions in Prelims	160
Total marks	160
Duration	90 minutes (1 hrs 30 minutes)
Negative Marking	1/4 marks
Selection Process	Phase I, Phase II & Interview

IRDAI Assistant Manager Recruitment 2023 – Click to Check

IRDAI Assistant Manager Selection Process 2023

IRDAI Assistant Manager Recruitment is a 3 Tier Selection process namely Prelims, Mains and Interview. The IRDAI Recruitment 2023 Selection Process includes the following stages-

Prelims Written Exam
Main Written Exam
Interview
Document Verification
Medical Examination

IRDAI Assistant Manager Phase 1 Exam Pattern 2023

All applicants can check the IRDAI Assistant Manager Exam pattern for the phase I online examination for the papers in the table given below.

Mode of Exam- Online
Total number of questions – 160
Each question carries 1 mark each
Duration of Exam – 90 minutes
Negative Marking – 1/4

IRDAI Assistant Manager Exam Pattern 2023 – Phase I
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

IRDAI Assistant Manager Phase II Exam Pattern 2023

The IRDAI Assistant Manager Phase II Exam will be descriptive type and consists of three papers namely English, Economic and Social Issues impacting Insurance and Insurance and Management. All three papers will be held in both English and Hindi language except the English paper. Candidates must appear for all three papers in Phase II – Descriptive Examination. A separate Admission Letter will be issued for this purpose.

IRDAI Assistant Manager Phase II Exam Pattern
Name of Paper	Total Marks	Duration
Paper I: English	100	180 minutes
Paper II: Economic and Social Issues impacting Insurance	100
Paper III: Insurance and Management	100
Total	300

IRDAI Assistant Manager Syllabus – Phase I

The candidates must get complete knowledge of the topics to land the aspired job. The IRDAI Assistant Manager Syllabus 2023 for Phase I comprises the subjects such as Reasoning Ability, Numerical Ability, English, and General Awareness.

IRDAI Assistant Manager Syllabus – Phase 1
Subject	Syllabus
English	Reading Comprehension Spellings Vocabulary Word Usage Antonyms Synonyms Error Detection Cloze Test Parajumble
Reasoning	Visual Memory Analogy Problem-Solving Analysis and Judgement Similarities Arithmetical Number Series. Space Visualization Differences Decision-making Verbal and figure classification Arithmetical Reasoning
Quantitative Aptitude	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	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

IRDAI Assistant Manager Syllabus – Phase II

IRDA AM Syllabus 2023: Descriptive English

Essay
Precis writing
Comprehension and Business/Office Correspondence

IRDA Assistant Manager Syllabus 2023: Economic and Social issues impacting insurance

Economic Growth, business cycles and insurance penetration, impact of age structure on 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, economic impact of risk transfer arrangements including reinsurance, contribution of Insurance sector to sustainable and responsible development of economy, Insurance Investments in Infrastructure sector
Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, 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.

IRDA Assistant Manager Syllabus 2023: 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 mobilising savings, 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; 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 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 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.