The examination for the post of Assistant Manager at the Insurance Regulatory and Development Authority of India (IRDAI) was conducted on June 25, 2023. Aspiring insurance professionals eagerly await the announcement of the cut off marks. The IRDAI Grade A examination consists of two phases, with Phase 1 being a highly competitive test. Following successful completion of Phase 1, candidates proceed to Phase 2, which involves a descriptive examination and an interview. The expected cut off marks for Phase 1 are a crucial concern for candidates. In this blog, we aim to provide a comprehensive guide on the IRDAI Grade A 2023 Expected Cut Off, presenting a more structured and formal perspective.
Overview of IRDAI Grade A Examination
The IRDAI Grade A examination is conducted to select eligible candidates for various positions in the insurance sector. The exam is divided into three phases:
Phase 1 (preliminary examination), Phase 2 (mains examination), and Phase 3 (interview). The Phase 2 examination consists of a descriptive test that evaluates candidates’ knowledge of the insurance industry, economic and social issues, and their ability to analyze and present information effectively.
Factors Influencing IRDAI Grade A 2023 Expected Cut Off
The cut off for the IRDAI Grade A examination is determined by several factors. These include:
Difficulty Level of the Examination: The complexity of the questions and the overall difficulty level of the IRDAI Grade A 2023 examination play a crucial role in determining the cut off. If the paper is challenging, the cut off may be relatively lower to ensure a fair evaluation.
Number of Vacancies: The number of vacancies available for each post also influences the cut off. If the number of vacancies is high, the cut off may be lower as there is a greater chance of more candidates meeting the IRDAI Grade A eligibility criteria.
Number of Applicants: The total number of applicants for the examination affects the cut off. If the competition is fierce, the cut off may be higher as it becomes necessary to filter out candidates based on their performance.
Reservation Policy: The reservation policy implemented by the IRDAI Grade A also impacts the cut off. Depending on the category-wise distribution of vacancies, the cut off may vary for different categories.
Expected Cut Off for IRDAI Grade A 2023
It is important to note that predicting the exact cut off for the IRDAI Grade A Phase 1 examination is challenging. However, based on previous years’ trends and analysis, we can provide an estimated range for the expected cut off.
Note: Please note that these cut off are for estimation idea purposes only and may vary depending on the aforementioned factors.
As the cut-off marks for the IRDAI Assistant Manager exam have not yet been announced, it is advisable for candidates to refer to the cut-off marks from the previous recruitment cycle. Analyzing the cut-off marks from the previous year will provide candidates with an understanding of the expected score required to clear the exam and the level of difficulty. Below is a table presenting the post-wise and category-wise IRDAI Assistant Manager Phase 1 cut-off from the previous recruitment cycle:
| Post | Actuarial | General | Accounts | Legal |
|---|---|---|---|---|
| General | 31.25 | 69 | 39.50 | 35.25 |
Please note that the above information is based on the cut-off marks of the previous recruitment cycle and may not reflect the cut-off marks for the current cycle.
IRDAI Grade A 2023 | Expected cutt off phase 2 | By Susheel Ragade
In the video, Susheel Ragade discusses the historical trends and provides his analysis of the expected cut off range.
The expected cut off for Phase 1 of the IRDAI Grade A 2023 examination is likely to be around 140 out of 200 marks. He explains that the difficulty level of the exam plays a crucial role in determining the cut off, and the questions in Phase 1 are generally of moderate to high difficulty.
This emphasizes the significance of thorough preparation for the descriptive examination, which involves enhancing knowledge of the insurance sector, understanding economic and social issues, and developing effective writing skills. He advises candidates to focus on improving their analytical and presentation abilities, as these skills are crucial for excelling in the descriptive test.
He further highlights that candidates should not solely rely on the estimated cut off but should aim to score as high as possible. Also he recommends to start preparing for IRDAI upcoming Phase 2 exam start consistently practicing and reviewing IRDAI Grade A Phase 2 previous year question papers, understanding the exam pattern, and staying updated with recent developments in the insurance industry.
Conclusion
The IRDAI Grade A examination is a significant milestone for aspiring insurance professionals. While predicting the exact cut off for Phase 1 is challenging, candidates should aim to score above the estimated range to increase their chances of qualifying for the interview round. By understanding the factors influencing the cut off, preparing diligently for the descriptive examination, and equipping themselves with knowledge of the insurance industry, candidates can enhance their prospects of success in the IRDAI Grade A examination.
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Frequently Asked Questions
What is the weightage of Phase 1 in the IRDAI Grade A examination?
Phase 2 holds 85% weightage in the overall selection process. It comprises the descriptive examination (60%) and the interview (25%). The scores obtained in Phase 1 are not considered for the final selection.
How can I prepare for the Phase 1 ?
To excel in the examination, candidates should focus on enhancing their knowledge of the insurance industry, current economic and social issues, and improving their writing skills. It is recommended to practice essay writing, letter writing, and precise writing to develop clarity, coherence, and conciseness in their answers.
Are there any sectional cut offs in the IRDAI Grade A examination?
No, there are no sectional cut offs in the IRDAI Grade A. The overall score obtained in the descriptive examination is considered for evaluation and qualifying for the interview round.
How is the final selection made after Phase 2?
After Phase 2, candidates who clear the descriptive examination are called for the interview round. The interview carries 25% weightage in the overall selection process. The final selection is based on the cumulative performance in Phase 2 (descriptive examination) and the interview.
Is there negative marking in the descriptive examination?
No, there is no negative marking in the descriptive examination. Candidates are evaluated based on the quality and depth of their answers.
What are some important topics to study for the Phase 2 descriptive examination?
Candidates should focus on studying topics related to the insurance sector, such as insurance products, regulations, policies, and market trends. They should also stay updated on current economic and social issues, government schemes, and initiatives related to the insurance industry.
Can you provide some tips for the interview round?
During the interview, it is crucial to showcase your knowledge and understanding of the insurance sector. Prepare for commonly asked interview questions and be well-versed in the latest industry trends. Practice good communication skills, maintain a confident and professional demeanor, and demonstrate your ability to think critically and provide logical reasoning.