IRDA Assistant Manager Syllabus 2017

Insurance Regulatory and Development Authority of India Assistant Manager Syllabus Exam Pattern 2017 2018 | Download IRDA Assistant Manager Syllabus Exam Pattern 2017 2018 through official Website Here we are updating all the IRDA Assistant Manager Old Previous Year Question Papers, Model Question Paper, Exam Pattern, and Syllabus.


IRDA Assistant Manager Selection Procedure/Scheme:

The Selection Procedure/Scheme of the Exam will be as follows: On-line Preliminary Examination, Descriptive Examination, Interview


IRDA Assistant Manager Exam:

For IRDA Exam centers refer the official website. Candidates who have selected in Written Test are eligible for the next rounds. The IRDA Syllabus & Exam Pattern are important aspects of knowing the structure of the Written Test. The Written Test consists of Multiple Choice Questions of Different Sections. Candidates who going to attending Exam can download the IRDA Assistant Manager Pattern and Syllabus on this page.

IRDA Assistant Manager Exam Pattern:

The Exam pattern of IRDA Assistant Manager Exam has clearly mentioned on our website. The IRDA Assistant Manager Exam Paper has objective type question like General Aptitude and Reasoning, General English, Numerical Aptitude and General Knowledge.

The Phase – I On-line Preliminary Examination (Objective Type) will be for 160 marks with four Tests as under:

Sr. No Name of Tests (Objective) No of Questions Maximum Marks Total Time
1 Test of Reasoning 40 40 Composite time of 90 minutes
2 Test of English Language 40 40
3 Test of General Awareness 40 40
4 Test of Quantitative Aptitude 40 40
Total 160 160

A candidate has to qualify in each Objective Test separately and in aggregate as per the cutoff marks for each test and in aggregate to be decided by IRDAI. Separate cut-offs may also be applied for each of the specializations and general posts. Tests will be provided in English and Hindi (except test of English Language which will be provided only in English)

The scores of Phase – I On-line Preliminary Examination will be computed by adopting the following procedure:

  1. There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.
  2. Number of questions answered correctly by a candidate in each Objective Test is considered for arriving at the Corrected Score after applying penalty for wrong answers. 7

iii. The Corrected Scores so obtained by a candidate are made equivalent to take care of the minor difference in difficulty level, if any, in each of the Objective Tests held in different sessions to arrive at the Equated Scores *. * Scores obtained by candidates in any test are equated to the base form by considering the distribution of scores obtained in all examinations, if the examination is conducted in more than one session.

  1. Test-wise scores and scores on total is computed with decimal points up to two digits.

Candidates are required to appear for all three papers in Phase – II Descriptive Examination in one session. Separate Admission letter will be issued for the purpose. The time-table for Phase – II Descriptive Examination will be intimated to the candidates concerned along with Admission Letter for Phase – II. The Phase – II Descriptive Examination will consist of three papers as under:

Name of Paper Type of Paper Marks Time (Minutes)
Paper-I: English Descriptive (question papers displayed on computer and to be written using pen and paper) 100 60
Paper-II: Economic and Social Issues impacting Insurance 100 60
Paper-III: Insurance and Management 100 60

Syllabus for Phase – II Descriptive Examination

(i) Paper I – English

a) Essay;

b) Precis writing;

c) Comprehension and Business/Office Correspondence.

(ii) Paper II – Economic and Social Issues impacting Insurance a) 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; b) Financial markets, Financial Institutions and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk; c) 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

d) Economic reforms in India leading to Insurance sector reforms, Insurance regulation – financial and market conduct regulations, functions of IRDAI, role of an Actuary, de-tariffing in India, motor business and Indian experience, changing Insurance Regulations/Laws and FSLRC.

e) 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.

(iii) Paper III – Insurance and Management

Part 1 – Insurance

a) History of Indian Insurance, principles of Insurance;

b) Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable interest; c) Legal foundations of Insurance, basics in Group/Health Insurance/Pensions; Intermediation: role in mobilising savings, evolution of various types and Bancassurance in India;

d) Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment and Reinsurance;

e) 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.

Part 2 – Management

a) Its nature and scope;

b) Management Processes – Planning, Organisation, Staffing, Directing and Controlling; role of a Manager in an Organisation;

c) Leadership: The tasks of a leader; leadership styles; leadership theories; A successful leader versus an effective leader;

d) Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development; 9

e) Performance Appraisal – Potential appraisal and development – feedback and performance counselling – rewards – employee welfare;

f) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale;

g) 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;

h) Role of Information Technology; i) Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance

IRDA Assistant Manager Syllabus:

The IRDA Assistant Manager Syllabus is provided for the candidates preparing for Exam. Candidates those who have applied for IRDA Assistant Manager Recruitment 2017 can use this syllabus helps you to give your best in the Assistant Manager Exam. The IRDA Syllabus topics mentioned below. The standard syllabus for IRDA Assistant Manager Exam is

Click Here for IRDA Assistant Manager Syllabus PDF Download

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