IRDA Assistant Manager Syllabus 2023 and Exam Pattern

IRDA Assistant Manager Syllabus 2023

IRDA Assistant Manager Syllabus 2023 must be known to all the candidates. The exam date for the IRDA Assistant Manager Exam is yet to be announced. The candidates have sufficient time in hand to prepare well as per the syllabus and exam pattern. For Phase I of the IRDA Assistant Manager Exam there are sections like quant, reasoning, English, general awareness, etc. The candidates who are prepared as per the syllabus and exam pattern can have an edge over the others Here in this space we have given the complete IRDA Assistant Manager Syllabus 2023.

IRDAI Assistant Manager Admit Card 2023

IRDA AM Syllabus & Exam Pattern 2023

IRDA Assistant Manager Syllabus & Exam Pattern 2023 are the essential tools required for the preparation for the online examination. The final selection of the aspirants will be after clearing each of the three stages of the selection process: Phase I, II & Interview. Through the exam pattern, candidates will have an idea of the number of questions asked, maximum marks, and time duration for the paper.

IRDA Assistant Manager Syllabus: Overview

Here, in the given table aspirants can have an overview of IRDA Assistant Manager Syllabus & Exam Pattern 2023.

IRDA Assistant Manager Syllabus and Exam Pattern 2023

IRDA AM Syllabus 2023 provides a crystal clear pathway of the topics to prepare for the online exam. For Phase I candidates will have to prepare Reasoning, English Language, Quantitative Aptitude, and General Awareness. Phase II will be a descriptive paper and the subjects covered in this phase are English, Economic and Social issues impacting insurance, and Insurance and Management. The topic-wise IRDA Assistant Manager Syllabus 2023 for each subject is discussed below.

IRDA Assistant Manager Syllabus 2023: Reasoning

• Seating Arrangement
• Puzzles
• Direction Sense
• Syllogism
• Blood Relation
• Coding-Decoding
• Order and Ranking
• Inequalities
• Alpha-Numeric-Symbol Series
• Machine Input-Output
• Data Sufficiency
• Logical Reasoning (Passage Inference, Statement, Assumption, Conclusion, Argument)

IRDA Assistant Manager Syllabus 2023: English Language

• Reading Comprehension
• Fillers
• Sentence Improvement
• Paragraph Jumbled
• Phrase Replacement/ Phrase Correction
• Match the Column
• Word Swap
• Word Rearrangement
• Idioms
• Vocabulary
• Error Detection
• Cloze Test
• Para jumble

IRDA Assistant Manager Syllabus 2023: Quantitative Aptitude

• Simplification or Approximation
• Number Series (Missing or Wrong)
• Quadratic Equation
• Data Interpretation
• Data Sufficiency
• Quantity Comparison (Q1 & Q2)
• Arithmetic (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)

IRDA Assistant Manager Syllabus 2023: General Awareness

• Current Events
• Current Affairs (National & International)
• Budget
• Awards and Honors
• Sciences & Technology News
• National & International Organizations
• Books and Authors
• Major Financial/ Economic News
• Sports News
• Central Government Schemes
• Schemes & Conferences
• Agreements/ MoUs
• Banking & Financial Awareness
• Important Appointments
• Ranks/ Reports/ Indexes
• Obituaries
• Important Days

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, the impact of age structure on the 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, the economic impact of risk transfer arrangements including reinsurance, the contribution of Insurance sector to the sustainable and responsible development of economy, Insurance Investments in the Infrastructure sector
• Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, the 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 mobilizing savings, the 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; the 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 counseling – 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.

IRDA Assistant Manager Exam Pattern 2023

The IRDA Assistant Manager Exam will be conducted in three stages: Phase I (Prelims), Phase II (Mains), and Interview. The preliminary examination will be objective type and it is qualifying in nature to be eligible for Phase II. Marks obtained in Phase I will not be considered for final selection or Interview. Shortlisting for Phase III – Interview of candidates in Actuarial, Finance, Law, IT, Research, and General streams will be based on the cumulative marks obtained in Papers I, II, and III of Phase II – Descriptive Examination.

IRDA Assistant Manager Phase I Exam Pattern 2023

The Phase I Exam for the recruitment of Assistant Manager will be conducted online and it will be of objective type. The exam will be conducted both in English and Hindi language (except the test of English Language which will be only in English). There will be a negative marking and 1/4th mark will be deducted for each wrong answer. To qualify the prelims examination, the candidate will have to qualify for each of the four objective tests and also in aggregate.

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).