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FAQs for IRDAI Assistant Manager Preparation
Is there any negative marking in the IRDAI exam?
Yes, there is negative marking i.e. 1/4th or 0.25 marks will be deducted for each wrong answer. So, it’s recommended to attempt the paper carefully.
Are mock tests important for IRDAI Assistant Manager 2024 exam?
Mock tests should be a crucial aspect of your preparation strategy for the IRDAI assistant manager exam.
Attempting mock tests under time-constraints can help you simulate an exam-like environment, boosting your time management skills, essential for clearing the exam. Moreover, mock tests help you test your preparation, identify and fix any gaps. In a nutshell, mock tests boost the chances of you clearing the IRDAI Grade A exam.
Is the ESI component in the NABARD Grade A and RBI Grade B same as the ESI component in IRDAI Grade A?
No. The ESI component in the IRDAI Grade A exam is different from RBI and NABARD as it targets economic and social issues specifically impacting the insurance industry. Therefore, you need to prepare for the ESI impacting Insurance for IRDAI Grade A, even if you have studied the ESI component in RBI or NABARD.
What are the exam dates for the IRDAI Assistant Manager exam?
The IRDAI Grade A notificaion is expected to be released in June/July 2025. Where Phase is expected in August and Pahse 2 is expected in October.Â
What is the cut-off for the IRDAI assistant manager exam?
The cut-off for the 2024 IRDAI Assistant Manager exam will be released along with the declaration of the 2024 result. However, for the 2023 exam, theÂ
- The subject-wise cut-off for Phase 1 was 25% i.e. you needed a minimum of 10 marks in each subject to satisfy the sectional cut-off.
- The overall cut-off for Phase 1 was 87.25 marks i.e. the total of marks scored in all 4 subjects of Phase 1 should be equal to or higher than 87.25.
- The overall cut-off for Phase 2 was 61% of the overall marks i.e. total of marks scored in all 3 subjects of Phase 2 should be equal to or higher than 183.
What is the salary of an assistant manager in IRDAI?
The basic pay of an IRDAI assistant manager starts at ₹44,500. If you add allowances like the HRA, dearness allowance, the gross monthly salary can reach approximately ₹1,46,0₹00.
Is IRDAI a private or government institution?
The Insurance Regulatory and Development Authority of India (IRDAI) is a public authority as defined in the Right to Information Act, 2005.
