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IRDAI Recruitment 2024 Check Posts, Age Limit, Remuneration And Other Information
by Sangeetha
Updated Aug 26, 2024
IRDAI Recruitment 2024 Notification Out Assistant Manager Vacancies, Check Eligibility at irdai.gov.in
The Insurance Regulatory and Development Authority of India (IRDAI) has released a recruitment notification for the position of Assistant Manager, with 49 vacancies available. The role, based in Hyderabad, offers a competitive salary ranging from Rs. 44,500 to Rs. 89,150 per month.
Candidates must be between 21 and 30 years old as of September 20, 2024, with age relaxations available for various categories including SC/ST, OBC, PwBD, and Ex-servicemen. The qualification requirements vary by stream, including Actuarial, Finance, Law, IT, Research, and Generalist roles, with specific educational and experience criteria outlined for each.
Applicants will undergo a three-phase selection process: an online preliminary examination, a descriptive examination, and an interview. The preliminary exam is a qualifying test for the descriptive exam, which will have papers relevant to each stream.
Based on performance in the descriptive exam, candidates will be shortlisted for interviews. The final selection will depend on the combined scores from both the descriptive exam and the interview. Candidates can apply online from August 21, 2024, to September 20, 2024, with fees differing by category. Detailed application guidelines are provided on the official IRDAI website.
|
Company Name |
IRDAI |
|
Post Name |
Assistant Manager |
|
No of Posts |
49 |
|
Salary |
Rs. 44,500 - 89,150/- |
|
Age Limit |
Not below 21 years and not above 30 years |
|
Job Location |
Hyderabad |
|
Last Date to Apply |
September 20, 2024 |
|
Official Website |
irdai.gov.in |
Qualifications Details for IRDAI Recruitment 2024
-
Actuarial: 5 posts
- Graduation with minimum 60% marks
- 7 papers passed of IAI as per 2019 curriculum
-
Finance: 5 posts
- Graduation with minimum 60% marks
- ACA/AICWA/ACMA/ACS/CFA
-
Law: 5 posts
- Bachelor’s Degree in Law with minimum 60% marks
-
IT: 5 posts
- Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks
- OR Masters in Computer application with minimum 60% marks
- OR Bachelor’s Degree in any discipline with a post-graduate qualification (minimum 2 years duration) in Computers / Information Technology with minimum 60% marks
-
Research: 5 posts
- Master’s Degree or 2-year Post Graduate Diploma in Economics / Econometrics / Quantitative Economics / Mathematical Economics / Integrated Economics Course / Statistics / Mathematical Statistics / Applied Statistics & Informatics with a minimum of 60% marks
-
Generalist: 24 posts
- Graduation with minimum 60% marks
Age Limit for IRDAI Recruitment 2024
Age Limit (as on 20.09.2024): Not below 21 years and not above 30 years as on 20.09.2024 i.e. candidates should have been born not earlier than 21.09.1994 and not later than 20.09.2003 (both days inclusive).
-
Scheduled Caste / Scheduled Tribe (SC/ST): 5 years
-
Other Backward Classes (OBC): 3 years
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Persons with Disabilities (PwBD):
- PwBD (SC/ST): 15 years
- PwBD (OBC): 13 years
- PwBD (GEN/UR): 10 years
-
Ex-servicemen and Commissioned Officers (including Emergency Commissioned Officers and Short Service Commissioned Officers):
- Must have rendered at least five years of Military Service as of 20.09.2024
- Must have been released on completion of assignment (including those whose assignment is due to be completed within one year from 20.09.2024) other than by dismissal or discharge due to misconduct, inefficiency, or physical disability attributable to Military Service or on invalidment.
- Age relaxation: 5 years
Pay Scale for IRDAI Recruitment 2024
Selected candidates will draw a starting basic pay of Rs. 44,500/- per month in the scale of Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850- 3300(1)-89150 (17 years) and other allowances, like Dearness Allowance, House Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance and other perquisites as approved from time to time etc., as admissible from time to time.
The selected candidates 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. 1,46,000/- (excluding qualification allowance, wherever applicable). Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).
Application Fee for IRDAI Recruitment 2024
Application Fee / Intimation charges (Non-refundable): Payable from 21.08.2024 to 20.09.2024 (On-line payment for both Phases of Examinations together) both dates inclusive shall be as follows: Category Fee Remarks SC / ST / PwBD Rs.100/- Intimation charges Other than SC/ST/PwBD Rs.750/- Examination fee and Intimation charges
- Bank transaction charges for On-line payment of application fees/intimation charges shall have to be borne by the candidate and to be paid only in the manner prescribed in this advertisement.
- Applications without the prescribed fee/intimation charges shall be summarily rejected.
- Fee once paid shall not be refunded under any circumstances nor shall the fee be held in reserve for any other examination or selection.
Selection Process for IRDAI Recruitment 2024
The selection process shall be as follows: i) Phase I - On-line Preliminary Examination (Objective Type). This is a qualifying examination to be eligible for Phase II - Descriptive Examination. Through this, 6 candidates for Actuarial, Finance, Law, IT, Research streams and Generalist stream shall be shortlisted for Phase II - Descriptive Examination as per standards to be decided by IRDAI (approximately 20 times the number of vacancies subject to availability).
Marks secured in the Phase I - On-line Preliminary Examination will not count for interview or final selection. Phase II - Descriptive Examination comprising 3 Papers (Paper I, II and III).
Phase III - Interview Candidates for Actuarial, Finance, Law, IT, Research and Generalist stream shall 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 shall be decided for each stream by IRDAI. The cut-off marks for each of the streams may be same or different. Final selection shall be based on the performance and merit of the candidates in Phase II - Descriptive Examination and Phase III – Interview, taken together.
How to Apply for IRDAI Recruitment 2024
How to apply Detailed Guidelines/procedures for a. Application Registration B. Payment of Fees C. Document Scan and Upload Candidates shall apply only through On-line from 21.08.2024 to 20.09.2024 and no other mode of application will be accepted.
Persons already in Government Service, whether in a permanent or temporary capacity or as work charged employees other than casual or daily rated employees or those serving under the Public Enterprises are however, required to submit an undertaking in the Online application that they have informed in writing to their Head of Office/Department that they have applied for the Examination.
Candidates should note that in case a communication is received from their employer by IRDAI withholding permission to the 23 candidates applying for/appearing at the examination, their application shall be liable to be rejected/candidature shall be liable to be cancelled
Notification PDF for IRDAI Recruitment 2024
Notification PDF for IRDAI Recruitment 2024 is available. To access the official notification, click on the provided link. Additionally, the application link for IRDAI Recruitment 2024 is also provided.
Click For The Official Notification
