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IRDAI Manager Eligibility Criteria 2024
It is very important for students to check their eligibility before applying for the position of IRDAI Manager. Understanding these requirements helps ensure applicants meet the required qualifications and do not waste time and effort on rejected applications. This IRDAI Manager exam eligibility criteria page provides basic information about academic qualifications, age, experience and other requirements necessary to apply. By carefully reviewing this information, students can better prepare their applications, gather necessary documents, and increase their chances of success. Additionally, knowing the criteria will allow applicants to better plan their career and educational paths, with the goal of meeting these standards in the future.
Along with the details regarding IRDAI Manager Salary and Exam Dates, candidates should possess the required IRDAI Manager qualifications, in order to apply for the exam. However, the IRDAI Manager notification is not yet released for the year of 2024. It is advised to go through the detailed IRDAI Manager eligibility criteria 2024 once it gets released so that your candidature does not get cancelled at the later stage. More information in this regard is given below.
IRDAI Manager Educational Qualification
The minimum essential educational qualification required for IRDAI Manager is a Graduate Degree in the respective stream for which you are applying in the IRDAI Manager exam. There can be other added IRDAI Manager qualifications regarding educational requirements depending on the post you are applying for. Read about the details below.
Educational Qualification
| Post | Qualification | Details |
|---|---|---|
| Qualification | Essential | Life/Non-Life/ F&A/Invts: Graduation -60% (for SC Candidates- 55%) IT: B.E./B.Tech (IT/CS) - 60% or MCA/Masters in IT/CS with 60% marks in graduation (for SC Candidates- 55%) |
| Professional | F&A/Invts: ACA/AICWA/ACS/CMA/CFA | |
| Desirable | Fellow of Insurance Institute of India and Knowledge of Computer Operations |
Experience
| Post | Experience | Details |
|---|---|---|
| IRDAI Manager | Minimum years of working experience | 10 Years |
| Service in the present scale / position | PSU Insurers / PSU Banks - Scale II or higher; Other Insurers/ Financial sector regulators – one grade/scale of pay below the advertised post. IRDAI’s decision in determining service in equivalent grade/scale of pay will be finalPSU Insurers / PSU Banks - Scale II or higher; Other Insurers/ Financial sector regulators – one grade/scale of pay below the advertised post. IRDAI’s decision in determining service in equivalent grade/scale of pay will be final | |
| Specific working experience in a department / area of work with Insurers/Banks/Financial Sector regulators |
F&A/Investments - 3 years working experience as Officer in Finance / Accounts /Investment/ Treasury Depts. Life/Non-Life - 3 years working experience as Officer with Life/General Insurers IT - 3 years working experience as Officer in IT Dept. |
IRDAI Manager Age Criteria
As per the previous IRDAI Manager notification, you must lie within IRDAI Manager age limit 2024 that must not exceed 45 years. Any candidate who is above 45 will not be eligible to apply.
| Name of the Post | Age |
|---|---|
| Manager | Min- 35 years / Max- 45 years |
Age Relaxation
IRDAI has a provision of upper age relaxation to certain categories of candidates. The relaxation will vary depending on the particular category you belong to under reserved category. The employees of IRDAI will also be eligible for age relaxation depending on the number of years of their service. You can check out the table below for further details.
| Name of the Post | Age Criteria (as on May 10, 2023) |
|---|---|
| Assistant Manager | Minimum Age- 21 years / Maximum Age- 30 years as on 10.05.2023, i.e. candidates should have been born not earlier than 11.05.1993 and not later than 10.05.2002 (both days inclusive) |
IRDAI Manager Work Experience
The work experience required to apply for the IRDAI Manager post is 8 years. You should have a minimum of 8 years of experience in any managerial or mid senior level role in PSU Banks, PSU Insurance Companies or any Finance regulatory organization. Please make sure you have a valid proof of your work experience like documents, email, etc. Below is the breakdown of the year of work experience required according to the level of seniority.
- Financial Sector Regulators: Officers in Grade B or one level below with 5 years of experience in that scale.
- PSU Insurance companies: Scale III or one level below with minimum 5 years of experience in that scale.
- PSU Banks: Officers in the analogous pay band mentioned in scales of pay or one level below with minimum 5 years of experience in that scale.
- Government: Officers holding analogous post in the pay band mentioned in scales of pay.
