IRDAI Exam Syllabus & Exam Pattern 2024
Since the IRDAI Assistant Manager exam is highly competitive, it is highly important that you have a comprehensive understanding of the IRDAI Assistant Manager exam pattern and IRDAI Assistant Manager syllabus before you jump into your exam preparation. Reviewing the IRDAI Assistant Manager exam pattern will enable you to understand the structure, format and marking scheme of the exam. Now that the IRDAI AM Exam Notification has been released, aspirants can begin their preparation for the exam.As per the notification, aspirants can apply for the IRDAI exam from August 21, 2024 to September 20, 2024. Going through the IRDAI Assistant Manager syllabus will help you identify the important topics. This will ensure that you allocate your time properly and focus on the key areas.
Understanding the comprehensive IRDAI Assistant Manager syllabus is very important to standardize your preparation for IRDAI AM exam 2024. Knowing the IRDAI Assistant Manager exam pattern and the IRDAI Assistant Manager syllabus helps candidates focus their preparation plan effectively. This ensures they cover all the right topics and do well in both exam stages. Also, understanding the IRDAI AM Eligibility Criteria is as important as the IRDAI Assistant Manager exam syllabus for exam preparation.
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 Test | No. of Questions | Marks | Duration |
|---|---|---|---|---|
| 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 | ||
As per the IRDAI Assistant Manager exam pattern, you must 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 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. It is crtitical to be aware of the main topics and subtopics within the IRDAI Assistant Manager syllabus for the Phase 1 exam. Refer to the table below for the complete detailed IRDAI Assistant Manager syllabus for the Phase 1 exam.
| Section | Topics |
|---|---|
| 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 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.
The complete IRDAI Assistant Manager Mains Exam Pattern has been provided in the table below.
| Paper | Name of Test | Exam Type | Marks | Time |
|---|---|---|---|---|
| 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)
The IRDAI Assistant Manager syllabus for the Phase 2 exam is different from Phase 1 exam. The IRDAI Assistant Manager exam pattern for Phase 2 is also significantly different from Phase 1 as Phase 2 is a totally descriptive test. The detailed IRDAI Assistant Manager syllabus for the Phase 2 exam is as follows and should be carefully scrutinised for exam preparation.
| Subject | Syllabus |
|---|---|
| English |
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| Economic and Social Issues impacting Insurance |
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| Insurance and Management |
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IRDAI Assistant Manager Interview
Candidates who qualify the Phase 2 Descriptive exam will be shortlisted for Personal Interview round or Phase 3. You must obtain the minimum cut-off marks for being shortlisted for Phase 3/Interview round. The final merit list for IRDAI Assistant Manager 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.
IRDAI Assistant Manager Marking Scheme
IRDAI Assistant Manager exam pattern also mentions 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. Look at the table below to understand the marking scheme of IRDAI Assistant Manager 2024 exam.
IRDAI Assistant Manager Marking Scheme
| Marking Scheme | Considered Marks |
|---|---|
| For correct answers | 1 mark |
| For wrong answers | -0.25 or 1/4th marks |
| For not attempted | 0 (no marks) |
IRDAI Assistant Manager 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). Unless the IRDAI Assistant Manager exam pattern and other details change, the IRDAI exam will be bilingual. This bilingual nature of the exam will help students from all backgrounds easily take the test.
IRDAI Assistant Manager Exam 2024 Books
Books play a very important role in exam preparation. They can help you cover the IRDAI Assistant Manager exam syllabus concepts and improve your foundational knowledge. 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 that help you cover the IRDAI Assistant Manager exam syllabus:
| IRDAI Assistant Manager Subjects | Useful Books | IRDAI 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 |
IRDAI Assistant Manager Pre-Exam Training
IRDAI provides a good opportunity to SC/ST/OBC/PWD category candidates for pre-examination training. It would help aspiring candidates in the preparation of Phase I of IRDAI Assistant Manager exam, which is called the Online Preliminary Examination, Objective in Type, and Phase II, called the Descriptive Examination.
This pre-exam training will cover the IRDAI Assistant Manager exam pattern and syllabus and will help candidates from SC/ST/OBC/PWD categories to improve their exam preparation. In case you are eligible and would like to avail this pre-exam training covering the IRDAI Assistant Manager syllabus, you shall have to get your name and other required details registered with IRDAI.
IRDAI will announce the exact process and timeline shortly for registering with them. Once registration opens, you are supposed to send the information to the Executive Director (Gen), IRDAI, 3rd floor, Parishram Bhavan, Basheer Bagh, Hyderabad-500004.
Please note that preparatory training will be held in Hyderabad or New Delhi, depending upon the number of candidates who register their interest in attending the same. The final venue will be decided by IRDAI, depending on demand. Please note that the entire expenditure connected with travel, board, and all other related expenses for attending training shall have to be incurred by the candidate themselves. No allowance shall be paid by IRDAI. The date of training is notified, and the candidate has to make all arrangements at their own cost for attending the training.
This pre-exam training by the IRDAI is a big advantage for candidates, as it places them at an edge with focused guidance on the IRDAI Assistant Manager syllabus and exam pattern, which will help in better preparation for the examination.
IRDAI Assistant Manager Exam Preparation Strategies
While certain candidates will be able to avail of the pre-exam training by IRDAI itself, there are ways for all candidates to cover the IRDAI Assistant Manager syllabus and exam pattern. Here are some useful and detailed tips to prepare for the exam:
1. Understanding the Exam Pattern and Syllabus
The very first step toward preparing for the exam is to understand the exam pattern and the syllabus. The IRDAI Assistant Manager Exam is conducted in two phases: Phase I and Phase II. Phase I is objective in nature and includes topics on Reasoning Ability, English Language, Quantitative Aptitude, and General Awareness. Phase II is descriptive and comprises sections on English, Economic and Social Issues impacting Insurance, and Insurance and Management. Knowing the syllabus helps you manage your time effectively for each section and makes sure that you have actually covered all the important topics. Petersburg, as it has been a defining aspect of the city's identity and helped bring together its citizens.
2. Plan Your Studies
First of all, clearly understand the pattern of examination and syllabus. Then make a study plan according to your schedule and strengths. Now, allocate time for preparation in all subjects, giving extra time to where you are weak. A well-made plan shall have daily, weekly, and monthly goals—revisions and practice tests, of course, included. Now, follow diligently, and improvement will be constant.
3. Build strong reasoning and Quantitative Aptitude skills
Equally important are ways to strengthen the basics for the Reasoning Ability and Quantitative Aptitude sections. Master the basics, and then proceed to complicated problems on seating arrangements, puzzles, and logical reasoning. Moving on to Quantitative Aptitude, the most important areas would include Data Interpretation, Number Series, and Simplification. Speed and accuracy go together, so remember to time yourself when you solve these problems.
4. Improve Your English Language Skills
The language skills will be tested in the English Language section in Phase I and in the English paper in Phase II. For the Preliminary, concentrate on Reading Comprehension, Sentence Improvement, Vocabulary and Grammar. In the preliminary exam, try to do a lot of error detection and cloze tests. Focus on essay writing, précis writing and comprehension for Phase II. Read newspapers, editorials and magazines so that you develop your vocabulary and also get an idea of current issues which in turn will help you in General Awareness.
5. Keep Up-to-Date with General Awareness
The General Awareness section in Phase I requires you to be updated with current affairs, financial news, and national and international organizations. You need to develop the habit of regularly reading newspapers. Subscribe to only those websites which are credible in their content delivery. Look out for news on economic developments, changes in the insurance sector, and government schemes. Revise regularly whatever you have read. You can refer to Beepedia for daily, weekly and monthly general awareness updates.
6. Economic and Social Issues Impacting Insurance
In connection with Section C, Economic and Social Issues Impacting Insurance, of the Phase II Descriptive Exam, the candidate should be knowledgeable about the impact of macroeconomics on the insurance sector. Study topics related to economic growth, financial markets, and the role of institutions in insurance penetration vis-à-vis theory. Amalgamate this knowledge with present-day events and insights that would definitely be an aid while writing essays during the exam.
7. Mastering the principles of insurance and risk management
In Phase II, the paper set in Insurance and Management tests your understanding of core principles of insurance, risk management, and the regulatory framework. Understand the baseline: types of insurance, underwriting processes, and claim management. Learn the role played by IRDAI and other bodies that regulate the sector. Revise the concepts tolerably, relating them to practical examples in the insurance sector.
8. Practice Writing Descriptive Answers
Because Phase II is descriptive in nature, practice in writing becomes very important. Get into the writing habit of essays, précis, and answers on a range of varied topics. Pay attention to clarity, coherence, and conciseness in your writings. Your essays must be well-structured with a proper introduction, body, and conclusion. Practice précis writing to acquire the skill of condensing a long text saving its vital points.
9. Take Regular Mock Tests
The IRDAI AM mock tests are a part and parcel of preparing for exams. They are going to help you understand where you are standing with your preparation, which concepts are not really clear to you, and how much time you should devote to each question in your exam. Take mock tests for Reasoning, Quantitative Aptitude, English, and General Awareness pertaining to the Phase I. Evaluate your performance in each of these tests and ensure that you enhance the portions where your score is less. In the case of Phase II, practice writing under constrained time. This will give you the feel of how to attempt questions quickly and effectively.
10. Revision on a Regular Basis
It is through proper revision that everything learned is retained. One must make sure to revise regularly in the study plan. Going through the notes taken and going back to revising important topics and practicing a few questions from those areas where one feels weak would greatly help. Regular revision shall reinforce your learning and improve your confidence toward the challenging examination.
11. Stay Calm and Confident
Keep a positive attitude through the process of preparation. Stress can do thinking dysfunction, so it would be of help to develop in relaxation, such as deep breathing and meditation. Take good care of yourself by getting enough rest, eating well, and exercising regularly to ensure your mind and body are in good shape. This way, you will feel calm and confident, ready to act to your best abilities for the exam.
If taken seriously and a disciplined approach to the study program is maintained, these tips will be of great help rather than a little in enhancing the performance in the IRDAI Assistant Manager examination.
