The Insurance Regulatory and Development Authority of India (IRDAI) conducts the Assistant Manager (AM) Exam to recruit candidates for various roles in the insurance sector. As one of the most competitive examinations, it tests candidates’ knowledge in reasoning, quantitative aptitude, English, general awareness, economic and social issues impacting Insurance and Insurance & management.
IRDAI Assistant Manager Exam Pattern 2024 & 2023
The IRDAI Assistant Manager Exam is conducted in three phases:
- Phase I (Preliminary Exam – Online Objective Test)
- A screening test to shortlist candidates for Phase II.
- Four sections: Reasoning, English, Quantitative Aptitude, and General Awareness.
- The exam is qualifying in nature, meaning marks are not counted for final selection.
- Phase II (Descriptive Paper – Online)
- Three papers:
- Economic and Social Issues Impacting Insurance
- Insurance and Management
- English Language (Essay, Precis, and Comprehension Writing)
- This is crucial for merit ranking.
- Three papers:
- Phase III (Interview)
- Candidates are assessed on their communication skills, subject knowledge, and overall personality.
- The final merit list is prepared based on Phase II and Interview scores.
Exam Pattern for IRDAI Assistant Manager 2024 & 2023
| Phase | Type of Exam | Subjects | Number of Questions | Marks | Duration |
|---|---|---|---|---|---|
| Phase I | Online Objective | Reasoning Ability | 40 | 40 | 90 minutes |
| English Language | 40 | 40 | |||
| Quantitative Aptitude | 40 | 40 | |||
| General Awareness | 40 | 40 | |||
| Total | 160 | 160 | |||
| Phase II | Descriptive Paper | Economic & Social Issues | 100 | 100 | 60 minutes |
| Insurance & Management | 100 | 100 | 60 minutes | ||
| English (Essay, Precis, Comprehension) | 100 | 100 | 60 minutes | ||
| Phase III | Interview | – | – | 50 | – |
IRDAI Assistant Manager Exam Analysis 2024 (Phase-1)
Phase I (Prelims) Exam Analysis – 2024
The IRDAI Assistant Manager Phase I Exam 2024 was conducted on 6th November 2024. The overall difficulty level was Easy to Moderate, with most candidates finding Quantitative Aptitude and General Awareness slightly tricky.
Section-wise Analysis of Phase I (2024)
| Section | Difficulty Level | Good Attempts | Key Topics Asked |
|---|---|---|---|
| Reasoning Ability | Easy to Moderate | 29-31 | Puzzles, Seating Arrangement, Syllogisms, Input-Output |
| English Language | Easy | 30-32 | Reading Comprehension, Sentence Correction, Para Jumbles |
| Quantitative Aptitude | Easy to Moderate | 28-30 | DI, Simplification, Arithmetic, Number Series |
| General Awareness | Moderate | 22-23 | Current Affairs (Last 6 Months), Insurance-related GK, Static GK |
| Overall | Easy to Moderate | 105-113 | – |
IRDAI Assistant Manager 2024 Reasoning Ability Analysis
| Topic | No. of Questions (2024) | Difficulty Level (2024) | No. of Questions (2023) | Difficulty Level (2023) |
|---|---|---|---|---|
| Puzzles & Seating Arrangement | 15-18 | Moderate to Difficult | 12-15 | Moderate |
| Syllogism | 3-4 | Easy to Moderate | 4-5 | Easy |
| Input-Output | 5 | Moderate | 4-5 | Moderate |
| Blood Relations | 3 | Easy | 2-3 | Easy |
| Direction Sense | 3-4 | Easy | 3-4 | Easy |
| Alphanumeric Series | 3-4 | Easy | 3-4 | Easy |
| Coding-Decoding | 3-4 | Easy to Moderate | 3-4 | Easy |
| Inequalities | 4-5 | Easy | 4-5 | Easy |
| Miscellaneous (Logical Reasoning) | 3-4 | Moderate | 3-4 | Moderate |
| Total | 40 | Moderate | 40 | Easy to Moderate |
IRDAI Assistant Manager 2024 English Language
| Topic | No. of Questions (2024) | Difficulty Level (2024) | No. of Questions (2023) | Difficulty Level (2023) |
|---|---|---|---|---|
| Reading Comprehension (RC) | 8-10 | Moderate | 10-12 | Moderate |
| Cloze Test | 5-6 | Easy to Moderate | 5-6 | Easy |
| Error Detection | 4-5 | Easy to Moderate | 4-5 | Easy |
| Sentence Rearrangement (Para Jumbles) | 4-5 | Moderate | 4-5 | Moderate |
| Phrase Replacement/Sentence Improvement | 3-4 | Moderate | 3-4 | Easy to Moderate |
| Fill in the Blanks (Single/Double) | 4-5 | Easy | 4-5 | Easy |
| Word Swap/Sentence Connector | 3-4 | Moderate | 3-4 | Easy to Moderate |
| Idioms & Phrasal Verbs | 2-3 | Moderate | 2-3 | Easy to Moderate |
| Miscellaneous (Word Usage, Inferences, etc.) | 2-3 | Moderate | 2-3 | Moderate |
| Total | 40 | Moderate | 40 | Easy to Moderate |
IRDAI Assistant Manager 2024 Quantitative Aptitude
| Topic | No. of Questions (2024) | Difficulty Level (2024) | No. of Questions (2023) | Difficulty Level (2023) |
|---|---|---|---|---|
| Data Interpretation (DI) | 10-12 | Moderate to Difficult | 10-12 | Moderate |
| Quadratic Equations | 4-5 | Easy to Moderate | 4-5 | Easy |
| Number Series (Missing/Wrong) | 4-5 | Moderate | 4-5 | Easy to Moderate |
| Simplification & Approximation | 5-6 | Easy to Moderate | 5-6 | Easy |
| Arithmetic Word Problems | 10-12 | Moderate | 10-12 | Moderate |
| Caselet DI/Miscellaneous DI | 3-4 | Moderate to Difficult | 3-4 | Moderate |
| Miscellaneous (Percentage, Profit & Loss, Time & Work, etc.) | 3-4 | Moderate | 3-4 | Moderate |
| Total | 40 | Moderate to Difficult | 40 | Moderate |
IRDAI Assistant Manager 2024 General Awareness
| Topic | No. of Questions (2024) | Difficulty Level (2024) | No. of Questions (2023) | Difficulty Level (2023) |
|---|---|---|---|---|
| Banking & Financial Awareness | 8-10 | Moderate | 8-10 | Moderate |
| Insurance Awareness (IRDAI, Policies, Schemes, Terms, etc.) | 8-10 | Moderate to Difficult | 8-10 | Moderate |
| Current Affairs (Last 6 Months) | 10-12 | Moderate | 10-12 | Moderate |
| Static GK (Countries, Capitals, Books & Authors, Important Days, etc.) | 4-5 | Easy to Moderate | 4-5 | Easy to Moderate |
| Government Schemes & Policies | 3-4 | Moderate | 3-4 | Moderate |
| Regulatory Bodies & Committees (RBI, SEBI, IRDAI, NABARD, etc.) | 3-4 | Moderate | 3-4 | Moderate |
| Economic & Financial Reports (Budget, Economic Survey, etc.) | 2-3 | Moderate to Difficult | 2-3 | Moderate |
| Miscellaneous (Sports, Awards, Science & Tech, Defence, etc.) | 3-4 | Moderate | 3-4 | Moderate |
| Total | 40 | Moderate | 40 | Moderate |
IRDAI Assistant Manager Exam Analysis 2024 (Phase-2)
The IRDAI Assistant Manager Phase II Exam 2024 was held on 21st December 2024. This exam tested candidates’ ability to analyze economic and social issues, insurance concepts, and managerial skills.
The IRDAI Assistant Manager Phase-2 Examination 2024, conducted on 21st December 2024, comprised three descriptive papers:
- Paper I – English
- Paper II – Economic and Social Issues Impacting Insurance (ESI)
- Paper III – Insurance and Management
Section-Wise Analysis and Topics Covered in IRDAI Assistant Manager Phase II Exam 2024
Paper I – English:
Essay Topics: 30 marks
- Insurance for All by 2047
- Artificial Intelligence
Expansion Statement: 15 marks
- Ethical leadership is the need of the hour
- Scope of CSR in India
- Precis Writing: 15 marks
- Passage focused on women-challenges they face and their importance in economic growth.
Reading Comprehension (RC): 4*5marks
Topic: Data analysis and insurance ( Questions were direct and not inference-based )
Letter Writing: 20 marks
- A) Formal Letter:
- Letter to the Commissioner of the Municipal Corporation of Jamshedpur regarding the menace caused by stray dogs.
- B) Informal Letter:
- Letter to a cousin discussing social media.
Paper II – Economic and Social Issues Impacting Insurance (ESI):
Q1 (24 Marks x 3Q) = 72 Marks
- Risk-based capital implementation and supervision
- Ensuring insurance coverage till the last mile
- India’s progress towards sustainability
- Role of insurance companies in mitigating the decline in bank deposits
- Cyber technology and cyber frauds benefits and challenges of emerging technologies
Q2 (7 Marks x 4Q) = 28 Marks
- Central Bank Digital Currency (CBDC)
- Actuary and their role in general insurance
- PM Vaya Vandana Yojana
- Surveyors and their role in loss assessment and minimization
- Sovereign Green Bond and its relation to insurance
Paper III – Insurance and Management:
A) Insurance Section
Q1: 7.5 marks
- Dynamic risk vs. static risk
- Pure risk and why it is difficult for insurers to control it
- Insurable interest and its identification in marine, property, and life insurance
- Geopolitical challenges in the insurance sector
- Life is uncertain-What is the implication of risks,hazard,Perils
Q2: 5 Marks
- Bar graph analysis questions based on:
- Percentage change
- Absolute change
B) Management Section
Q1: 20 Marks Questions – 300 words
- Motivation theories
- Leadership theories
Q2: 10 marks Questions – 100 words
- Staffing in an organization
- Personnel management vs. Human Resource Management (HRM)
- Organizational behavior
- Authority and delegation
Q3 (Case Study on Zomato): 15 marks Questions – 100 words
- The passage provided data for the following:
- Segments in which Zomato operates
- When and where Zomato was listed (before or after the Blinkit episode)
- Financial performance of Zomato in FY24
Q4: 5Marks Questions
- Bar graph analysis on Health Insurance Premium:
- Percentage change
- Absolute change
IRDAI Assistant Manager Exam Analysis 2023
Phase I (Prelims) Exam Analysis – 2023
The IRDAI Assistant Manager Phase I Exam 2023 was considered Easy to Moderate, with a similar pattern to 2024.
| Section | Difficulty Level | Good Attempts |
|---|---|---|
| Reasoning Ability | Easy to Moderate | 28-30 |
| English Language | Easy | 30-33 |
| Quantitative Aptitude | Moderate | 26-29 |
| General Awareness | Moderate | 21-22 |
| Overall | Easy to Moderate | 100-110 |
Phase II (Descriptive) Exam Analysis – 2023
| Paper | Difficulty Level | Topics Covered |
|---|---|---|
| Economic & Social Issues | Moderate | Inflation, GDP Trends, Financial Stability |
| Insurance & Management | Moderate | Insurance Laws, IRDAI Guidelines |
| English (Essay, Precis, Comprehension) | Moderate to Difficult | Banking & Insurance-related Essays |
Key Differences: IRDAI Assistant Manager Exam 2024 vs. 2023
| Feature | 2024 | 2023 |
|---|---|---|
| Phase I Difficulty | Easy to Moderate | Easy to Moderate |
| General Awareness Level | Slightly Difficult | Moderate |
| Phase II Insurance Topics | More Focus on Risk Management | Emphasis on IRDAI Regulations |
| English Paper Complexity | Increased | Standard |
Expected Cut-off for IRDAI Assistant Manager Exam 2024 & 2023
| Category | Expected Cut-off (2024) | Actual Cut-off (2023) |
|---|---|---|
| General | 120-125 | 118 |
| OBC | 115-120 | 113 |
| SC/ST | 100-110 | 98 |
Preparation Tips for IRDAI Assistant Manager Exam
- Follow a Structured Study Plan –
- Focus on each subject separately, dedicating enough time to both Phase I and Phase II.
- Improve Writing Skills –
- For Phase II, practice essay writing, precis writing, and comprehension skills.
- Stay Updated with Current Affairs –
- Read financial newspapers, RBI bulletins, and insurance industry reports.
- Use Mock Tests –
- Attempt full-length mock tests to manage time efficiently.
- Understand Insurance & Management Concepts –
- Study IRDAI regulations, risk assessment, and market trends.
Conclusion
The IRDAI Assistant Manager Exam is a challenging but rewarding opportunity for aspirants looking to enter the insurance regulatory sector. The exam pattern and difficulty level have remained consistent over the years, with minor variations in General Awareness and Insurance topics. With the right preparation strategy, candidates can significantly improve their chances of success.
Stay focused, keep practicing, and ace the IRDAI Assistant Manager Exam!
