IRDAI invites applications for filling up 49 posts in Assistant Manager grade. Five Posts for ACA/AICWA/ACMA/ACS/CFA
Insurance Regulatory and Development Authority of India (IRDAI) has invited applications from eligible Indian citizens for filling up 49 posts in Assistant Manager (AM) grade through open competition on all India basis for its various offices. Selection will be through a country-wide competitive Phase I – “On-line Preliminary Examination (objective type)” followed by Phase II – “Descriptive Examination” at select Centres and Phase III – Interview. Category-wise number of vacancies is as under:
| Unreserved i.e. General (GEN/UR) | 21 |
| Economically Weaker Sections (EWSs) | 4 |
| OBC | 12 |
| SC | 8 |
| ST | 4 |
| Total | 49 |
Total posts includes 5 posts each for Actuarial, Finance, Law, IT and Research stream earmarked to be filled up by candidates with professional qualifications. It also includes three vacancies earmarked under Person with benchmark disability (PwBD) category with horizontal reservation and within the overall vacancies notified.
Candidates belonging to OBC category but coming in the ‘Creamy Layer’ are not entitled to OBC reservation. Such candidates should indicate their category as ‘General (GEN/UR)’
Reservation for Economically Weaker Sections (EWSs) may be availed upon production of an “Income and Assets Certificate” valid for financial year 2024-25 issued by a Competent Authority on the basis of gross annual income of financial year 2023-24 in the format prescribed by Government of India.
The tentative schedule of recruitment is given below:
| Description | Schedule |
| Website Link Open for on-line registration of applications and payment of examination fee/intimation charges | 21.08.2024 |
| Last date for submission of on-line applications and payment of examination fee/intimation charges | 20.09.2024 |
| Phase I – On-line Preliminary Examination (Objective type) | Will be informed in due course |
Applications shall be submitted only “On-line” mode through IRDAI website www.irdai.gov.in. No other mode for submission of applications is available or accepted.
Candidates may click on the link “On-line” application form for “Recruitment for the post of Assistant Manager (2024)”. Before applying, candidates should ensure that they fulfil all eligibility criteria for the post.
Helpline: In case of any problem experienced in filling up the on-line application form, payment of fee/intimation charges, queries may be made at https://cgrs.ibps.in/ and necessarily mention ‘IRDAI – Recruitment of Assistant Manager (2024)’ in the subject of the email
Eligibility criteria
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). For relaxation in the Upper Age Limit read attachment.
Educational Qualifications
Candidates should possess knowledge of computer operations. All the educational qualifications mentioned should be from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory Bodies. Candidates should possess any of the following qualifications, at the minimum:
| Stream | Number of Posts | Qualification Required |
| Actuarial | 5 | Graduation with minimum 60% marks and 7 papers passed of IAI as per 2019 curriculum |
| Finance | 5 | Graduation with minimum 60 % marks and ACA/AICWA/ACMA/ACS/CFA |
| Law | 5 | Bachelor’s Degree in Law with minimum 60% marks |
| IT | 5 |
Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics and Communication / Information Technology / Computer Science/ Software Engineering) with minimum 60% marks |
| Research | 5 | Master’s Degree or 2-years 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 | Graduation with minimum 60% marks |
Selection process
The selection process shall be as follows:
Phase I – On-line Preliminary Examination (Objective Type).
Phase II – Descriptive Examination comprising 3 Papers
Phase III – Interview
Pay scale: 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).
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