(Notification) Recruitment of IRDAI Assistant Manager Jobs - 2017

Recruitment Notification for the post of Assistant Manager in IRDAI

1. Insurance Regulatory and Development Authority of India (IRDAI) is a statutory body formed under an Act of the Parliament.

2. IRDAI invites applications from eligible Indian citizens for filling up the post of Assistant Manager through open competition on all India basis for its various offices. Selection will be through a country-wide competitive Phase - I “On-line Preliminary Examination” followed by Phase – II “Descriptive Examination” at select centres and Interview. Category-wise number of vacancies is as under:

Eligibility criteria

11.1 Age Limit (as on 5.9.2017): Not below 21 years and not above 30 years as on 5.9.2017, i.e., candidates should have been born not earlier than 6.9.1987 and not later than 5.9.1996 (both days inclusive)

11.1.1. Relaxation in the Upper Age Limit: Upper age limit for the post of Assistant Manager will  be relaxed as under:

Cumulative age relaxation will not be available either under the above categories or in combination with any other category.

Educational Qualifications:

Candidates should possess any of the following qualifications, at the minimum.

Notes:

(1) The candidate must hold a degree of any of Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University Under Section 3 of the University Grants Commission Act, 1956, or possess an equivalent qualification from a foreign university recognized by the Association of Indian Universities.

(2) Candidates may opt for either of Actuarial or Accounts or Legal as per the respective specialisation and/or General stream in the Application form. Selection will be on the basis of option exercised and performance as per cut-off marks in the respective specializations.

(3) Candidates competing for the posts mentioned above should possess knowledge of computer operations.

(4) In case of candidates belonging to SC/ST categories, relaxation in educational standards to the extent of 5% marks is allowed at Bachelor’s Degree.

(5) Some Universities/Institutes do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case the University/Institute defines criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted. However, where the University/ Institute does not define criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificates, the undefined parameter(s) will be worked out as under:

Important Dates

Selection process

12.1 The selection process shall be as follows:

i) Phase - I On-line Preliminary Examination (Objective Type). This is a qualifying examination to be eligible for Phase - II Descriptive Examination. Through this, candidates for Actuarial, Accounts and Legal specializations and General vacancies will be shortlisted separately for Phase – II Descriptive Examination as per standards to be decided separately by IRDAI (approximately 20 times the number of vacancies subject to availability). Marks secured in the Phase - I On-line Preliminary Examination will not count for interview or final selection.

ii) Phase – II Descriptive Examination comprising 3 Papers (Paper I, II and III) and

iii) Phase - III Interview

Candidates for Actuarial, Accounts, Legal specializations and General vacancies will be shortlisted for Phase – III Interview based on the aggregate marks obtained in Papers I, II and III of Phase - II Descriptive Examination only. The minimum cut-off marks for being shortlisted for Phase – III Interview will be decided separately for each specialization and General vacanciesby IRDAI. Final selection will be based on the merit performance of the candidates under respective specialization in Phase - II Descriptive Examination and Phase – III Interview taken together.

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

A candidate has to qualify in each Objective Test separately and in aggregate as per the cut-off 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).

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

i. There will be negative marks for wrong answers in the Objective Tests. 1/4th mark will be deducted for each wrong answer.
ii. 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.
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.
iv. Test-wise scores and scores on total is computed with decimal points up to two digits.

12.4 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:

Examination Centers

The Phase – I On-line Preliminary Examination will be conducted in the venues at the examination centres given in the respective call letters. The Phase – I On-line Preliminary Examination will be conducted at the following centres:

Service Conditions / Career Prospects

16.1 Pay scale: Selected candidates will draw a starting basic pay of Rs.28,150/- per month in the scale of Rs.28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600 (17 years) and other allowances, like Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Grade Allowance, etc., as admissible from time to time. The candidates employed elsewhere and joining IRDAI will be fixed at the minimum of basic pay in the scale of pay applicable to the post. At present, initial monthly gross emoluments for Assistant Manager is approximately Rs.81,000/-. The following qualification allowances, in addition to the above, are applicable to candidates selected for posts with professional qualifications.

How to apply

a. Candidates can apply on-line only from 15.8.2017 to 5.9.2017and no other mode of application will be accepted.

b. Persons already in Government Service, whether in a permanent or temporary capacity or as work charged employees other than casual or daily rated employees or those serving under the Public Enterprises are however, required to submit an undertaking in the On-line application that they have informed in writing to their Head of Office/Department that they have applied for the Examination. Candidates should note that in case a communication is received from their employer by IRDAI withholding permission to the candidates applying for/appearing at the examination, their application will be liable to be rejected/candidature will be liable to be cancelled.

18.2 Application Fee / Intimation charges (Non-refundable): Payable from 15.8.2017 to 5.9.2017, both dates inclusive, shall be as follows:

i. Bank transaction charges for On-line payment of application fees / intimation charges will have to be borne by the candidate.

ii. Applications without the prescribed fee / intimation charges shall be summarily rejected.

iii. Fee once paid shall not be refunded under any circumstances nor the fee be held in reserve for any other examination or selection.

iv. Fee / intimation charges are required to be paid only in the manner prescribed in this advertisement.

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