IRDAI Assistant Manager Exam Syllabus

IRDAI Exam Syllabus & Exam Pattern 2024

Since the IRDAI Assistant Manager exam is highly competitive, it is crucial that you have a comprehensive understanding of the IRDAI Assistant Manager exam pattern and IRDAI AM syllabus before you jump into your exam preparation. Reviewing the IRDAI AM exam pattern will enable you to understand the structure, format and marking scheme of the exam. On the other hand, going through the IRDAI Assistant Manager syllabus will help you in identifying the important topics. This will ensure that you allocate your time properly and focus on the key areas. 

IRDAI Assistant Manager Phase 1 Exam Pattern (Objective Type)

IRDAI Assistant Manager Prelims/Phase 1 exam is an objective type and qualifying examination. Marks obtained in this will make you eligible for Phase 2/Mains Descriptive Examination. Also note that marks secured in the IRDAI Assistant Manager Prelims exam will not count for interview or final selection. Detailed IRDAI Assistant Manager Exam Pattern 2024 has been provided in the table below. 

SL. No.Name of TestNo. of QuestionsMarksDuration
1. English Language 40 40 90 Minutes (Composite time)
2. Quantitative Aptitude 40 40
3. Reasoning 40 40
4. General Awareness 40 40
Total 160 160  

Please note that you have to qualify in each section separately and in aggregate as per the cutoff marks for each test. Separate cut-offs may also be applied for each of the specializations and general posts.

IRDAI Assistant Manager Phase 1 Exam Syllabus (Objective Type)

The IRDAI Assistant Manager notification 2024 is finally out, which is why it is extremely essential to stay in touch with respect to all details. The first step towards the exam preparation is noting down the complete IRDAI Assistant Manager 2024 syllabus, so that you can prepare a plan well in time. Refer to the table below for the complete detailed syllabus.

SectionTopics
Quantitative Aptitude Ratio and Proportion, Simplification, Percentage, Average, Time and Work, Speed, Distance and Time, Mixture and Allegations, Percentage, Permutation, and Combination, Data Interpretation, Mensuration, Probability, Set Theory, Number Series, Number Systems, Profit & Loss, Simple Interest & Compound Interest, Surds & Indices, Sequence & Series, Mensuration – Cylinder, Cone, Sphere
English Language Grammar, Vocabulary, Error Spotting, Reading Comprehension, Cloze Test, Para Jumble, Fill in the Blanks, Sentence Correction, Miscellaneous
Reasoning Ability Inequality, Coding-Decoding, Syllogism, Machine Input-Output, Data Sufficiency, Seating Arrangement, Logical Reasoning, Floor Puzzle, Scheduling, Verbal Reasoning, Ordering and Ranking, Blood Relations, Direction and Distance, Coded Inequalities, Puzzle Tabulation, Alphanumeric Series
General Awareness

Current Affairs, Indian Financial System, Indian Banking System, Monetary Plans, National Institution, Banking Terms, General Awareness, Static GK, History of Indian Banking Industry, Regulatory Bodies Monetary & Credit Policies, Budget Basics and Current Union Budget, International Organisation / Financial Institutions, Capital Market & Money Market, Government Schemes Abbreviations and Economic terminologies, Abbreviations and Economic terminologies

IRDAI Assistant Manager Phase 2 Exam Pattern (Descriptive)

After qualifying IRDAI Assistant Manager Prelims or Phase 1 exam, you will be required to appear for IRDAI Assistant Manager Mains exam. In the IRDAI Assistant Manager Phase 2/ Mains exam, you will be judged on the basis of three papers. All three papers in Mains will be Descriptive in nature (question papers displayed on computer and to be written using pen and paper). The papers will be of English, Economic and Social Issues impacting Insurance and Insurance and Management.

Complete IRDAI Assistant Manager Mains Exam Pattern has been provided in the table below. 

PaperName of TestExam TypeMarksTime
Paper I English  Descriptive (Questions will appear on screen and answers have to be written on answer sheets) 100 60 minutes
Paper II Economic and Social Issues impacting Insurance 100 60 minutes
Paper III Insurance and Management 100 60 minutes

IRDAI Assistant Manager Phase 2 Exam Syllabus (Descriptive)

SubjectSyllabus

English

  • Essay
  • Precise Writing
  • Comprehension and Business/Office Correspondence

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, detariffing 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.

Insurance and Management

  • 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.
  • 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.

Interview

Candidates who qulaify the Phase 2 Descriptive exam will be shortlisted for Personal Interview round or Phase 3. You will need to obtain the minimum cut-off marks for being shortlisted for Phase 3/Interview round. Final merit list for IRDAI AM exam will be made based on the merit of your performance under respective specialization in Phase 2/Descriptive Examination and Phase 3/Interview cumulatively. The weightage of Descriptive Examination and Interview will be 85:15.

Marking Scheme 

IRDAI has also mentioned the marking scheme that will be computed by adopting the following procedure. There will be negative marks for every wrong answer marked in the IRDAI Prelims exam 2024. Take a look at the table below to understand the marking scheme of IRDAI Assistant Manager 2024 exam.

IRDAI Assistant Manager Marking Scheme

Marking SchemeConsidered Marks
For correct answers 1 mark
For wrong answers -0.25 or 1/4th marks
For not attempted 0 (no marks)

Exam Language

IRDAI Assistant Manager exam 2024 will be provided in English and Hindi (except test of English Language which will be provided only in English). 

Books 

Books play a very important role in exam preparation. IRDAI Assistant Manager is an important exam per se and therefore you should ensure that you have the best study material available around you. In the present online era, you should not ignore the significance of books which can be a helping hand while learning concepts and practicing questions. Books being an offline source can always be available for you regardless of the situation. Check out the list of IRDAI Assistant Manager books from the table below:

IRDAI Assistant Manager SubjectsUseful BooksIRDAI Assistant Manager Exam Book’s Author
Quantitative Aptitude, Data Interpretation and Analysis Quantum CAT Sarvesh Kumar Verma
Data Interpretation for CAT Arun Sharma
Magical book on Quicker Maths M Tyra
Fast Track Objective Arithmetic Rajesh Verma
Quantitative Aptitude for Competitive Exams RS Aggarwal
Reasoning Ability A New Approach to Reasoning Verbal and Non-Verbal B.S. Sijwali and Indu Sijwali
Analytical Reasoning MK Pandey (For the chapters required for analytical reasoning)
A Modern Approach to Verbal & Non-Verbal Reasoning R.S. Aggarwal
English Language Objective General English SP Bakshi
Descriptive General English SP Bakshi and Richa Sharma
High School English Grammar and Composition Wren and Martin
Word Power Made Easy Normal Lewis
General Awareness General Awareness Handbook of Banking Information N.S.Toor
General Awareness Arihant Publication
Static GK General Knowledge Arihant
Lucent General Knowledge -
Pratiyogita Darpan SQ Sachdeva Mahendra Jain
Current Affairs BeePedia

IRDA Assistant Manager Phase 1 - Free Mock Tests

IRDAI AM 2024 Phase 1 Mock Test 2

IRDAI AM 2024 Phase 1 Mock Test 2

  • 90 Minutes
  • 160 Questions
  • 160 Marks
IRDAI AM 2024 Phase 1 Mock Test 1

IRDAI AM 2024 Phase 1 Mock Test 1

  • 90 Minutes
  • 160 Questions
  • 160 Marks

IRDA Assistant Manager Phase 1 - Previous Year Question Paper

IRDAI AM 2023 Phase 1 Previous Year Paper

IRDAI AM 2023 Phase 1 Previous Year Paper

  • 90 Minutes
  • 160 Questions
  • 160 Marks

FAQs

The IRDAI Assistant Manager Exam will be conducted in the following phases- Phase 1- Online Preliminary Examination, Phase 2- Descriptive Examination and Phase 3- Interview.
The IRDAI Assistant Manager exam will be in online mode.
Yes, the IRDAI Assistant Manager exam will carry a negative marking of 1/4th marks for wrong answers.
No, there is no sectional timing in the IRDAI Assistant Manager exam. You will be given a composite time of 90 minutes to complete the exam.
We have provided a complete list of books for the IRDAI Assistant Manager exam on our exam pattern and syllabus page. You can refer to that for more information regarding the IRDAI Assistant Manager syllabus.
In the IRDAI Assistant Manager exam, you will be assessed on the basis of English Language, Reasoning, Quantitative Aptitude and General Awareness.
For General Awareness, you can take the help of ixamBee’s BeePedia. It is a comprehensive capsule which contains all the important information with respect to the General Awareness section for various competitive exams. It is available in Hindi and English. What’s more? It’s absolutely free.
Yes, definitely. You can practice the IRDAI Assistant Manager free online mock tests at ixamBee. Moreover, the IRDAI Assistant Manager online test series is based on the latest IRDAI Assistant Manager exam pattern.

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