IRDAI Assistant Manager Salary

Salary

Being a government job, IRDAI pays its employees a handsome amount besides providing a number of benefits and allowances. Selected candidates will receive a starting basic pay of Rs.44,500/- per month. Furthermore, the candidates employed elsewhere and joining IRDAI 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.1,30,000/- (excluding qualification allowance, wherever applicable). Upon selection, the candidates will be on probation for a period of one year, which may be extended upto a maximum of 2 years. Selected candidates will be governed by the defined contribution New Pension Scheme (NPS).

PostSalary
Assistant Manager
  • 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)
  • other allowances, like Dearness Allowance, House Rent Allowance, Qualification Allowance, City Compensatory Allowance, Grade Allowance and other perquisites as approved from time to time etc
  • The initial monthly gross remuneration is approximately Rs. 1,30,000/-

Perks and Allowances:

  • Dearness Allowance
  • House Rent Allowance
  • Qualification Allowance
  • City Compensatory Allowance
  • Grade Allowance
  • Other perquisites as approved from time to time etc., as admissible from time to time.

QualificationCompletion levelQualification allowance per month
Actuarial Nine papers of the Institute of Actuaries of India Rs.15,000/-
Accounts ACA/AICWA/ACS Rs. 3,500/-

Job Profile

A candidate who gets selected and posted as an Assistant Manager in IRDAI can expect a varied job profile. Being in the insurance sector, there are a variety of tasks and responsibilities that form an IRDAI AM job profile. Take a look at some of the common tasks that an Assistant Manager has to take up.

  • Inspection of the existing insurance policies
  • Formulation of new schemes
  • Assisting the senior members such as the Manager and higher authorities and working as per the instructions.
  • Taking care of the customer queries or handling the grievances with respect to the issued insurance policies.

Career Growth

As an Assistant Manager in IRDAI, you have reasonable prospects for promotion to higher grades. Also once selected as an IRDAI Manager under your respective skill streams you will be placed in the Common Seniority list prepared grade-wise. The seniority will be decided according to the ranking obtained by you in the IRDAI Manager exam. You can be posted in any of the Offices of IRDAI and liable to be transferred as per the organization needs.

IRDA Assistant Manager Phase 1 - Free Mock Tests

IRDAI AM 2023 Phase 1 Mock Test 5

IRDAI AM 2023 Phase 1 Mock Test 5

  • 90 Minutes
  • 160 Questions
  • 160 Marks
IRDAI AM 2023 Phase 1 Mock Test 4

IRDAI AM 2023 Phase 1 Mock Test 4

  • 90 Minutes
  • 160 Questions
  • 160 Marks
IRDAI AM 2023 Phase 1 Mock Test 3

IRDAI AM 2023 Phase 1 Mock Test 3

  • 90 Minutes
  • 160 Questions
  • 160 Marks
IRDAI AM 2023 Phase 1 Mock Test 2

IRDAI AM 2023 Phase 1 Mock Test 2

  • 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

Yes, you need to undergo a Pre-Recruitment Medical exam once you get selected. If only you are found medically fit, you can join IRDAI as an Assistant Manager.
The basic pay of IRDAI Assistant Manager 2023 is Rs. 44,500/-.
The basic allowances as a part of IRDAI Assistant Manager salary are dearness allowances, HRA, and Travelling Allowances.
Yes, there are tremendous growth opportunities and some of them are mentioned in the article above.

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