IRDA Exam Syllabus

The syllabus for the IRDA Exam will be decided by the Insurance Regulatory and Development Authority of India. The IRDA Exam 2024 will be conducted in 3 phases- Prelims, Mains, and Interview round.

IRDA Syllabus 2024 for Assistant Manager

Phase I-Prelims Syllabus

Prelims have 4 sections - Reasoning, Quantitative aptitude, General reasoning, and English language.

Details of IRDA Prelims Syllabus

Section - Reasoning

• Verbal and figure classification
• Similarities and Differences
• Arithmetical reasoning
• Problem-solving
• Space visualization
• Visual Memory 
• Decision making
• Analysis and judgment
• Analogies
• Observation
• Number series

Section - Quantitative Aptitude

• Linear equation
• Data sufficiency
• Number series
• Mixtures and allegations
• Profit and loss
• Sequences and series
• Surds and Indices
• Permutation and Combination
• Time and work
• Ratio and proportion
• Quadratic equation
• Data interpretation
• Time and Distance
• Mensuration
• Probability
• Percentage

Section - English Language

• Synonyms and Antonyms
• Vocabulary
• Tenses
• Preposition
• English grammar and comprehension
• Error spotting
• Correct and incorrect usages

Section - General Awareness

• Important days
• Sports
• Budget and 5-year plan
• National and International current affairs
• Abbreviations
• National and International organizations
• Major economic and Financial news
• Inventions and discoveries
• Sports
• Indian Financial system
• Books and authors
• Awards and Honours

Phase II - Mains Syllabus

Mains has 3 papers- English, Economic and social issues impacting Insurance, Insurance, and Management.

Paper I - English

• Precis writing
• Essay writing
• Comprehension and Business

Paper II - Economic and Social issues impacting Insurance

• Impact of age structure on Economy
• Macroeconomic factors like pandemics and catastrophes influence the Economy.
• Application of Utility theory to Insurance premium setting.
• Financial markets
• Systemic risk and concentration risk
• Economic capital and risk-based capital requirements
• Contribution of the Insurance sector to the responsible development of the economy
• Insurance investment in the infrastructure sector
• Insurance sector reforms and economic reforms in India
• Role of Actuary in India
• Financial market regulations
• Changing Insurance regulations and Insurance laws
• Insurance in rural areas and social sectors
• Implementation of social security laws
• Social structure in India and Indian microinsurance experience
• Health insurance schemes for below-poverty-line families.

Paper III - Insurance and Management

• History and principles of Indian Insurance
• Legal foundations of Insurance, health insurance, and pensions.
• The functions of Insurers include product design, pricing, claims, investment, and reinsurance.
• Insurance lines and products include life insurance and annuities, health insurance, Specialist Insurance lines in India, Agricultural and export credit guarantees, Liability risks, and Insurance.
• Nature and scope of Management
• A successful leader versus an effective leader.
• Performance appraisal, rewards, and employee welfare.
• Motivation, morals, and incentives.
• Steps of Communication, communication channels, oral and written communication.
• Role of Information technology.
• Corporate Governance and factors affecting Corporate Governance.

Best books and study material for the IRDA syllabus 2024

The IRDA Exam 2024 is conducted in 3 phases- Prelims, Mains, and Interviews. Check out the best books and authors for the IRDA Assistant Manager Exam.

Prelims

Sections of the Exam	Books and Authors/Publishers
Reasoning	A Modern Approach to Logical reasoning by R S Agarwal A modern approach to verbal and nonverbal reasoning by R S Agarwal
Quantitative Aptitude	Quantitative Aptitude for Competitive examination by R S Agarwal Shortcuts in Quantitative Aptitude in Competitive examinations by Disha Publications
General Awareness	General knowledge by Dr Binay Karna, R P Suman, Manavendra Mukul
English Language	English for quantitative examination by Wren and Martin

Mains

Sections of the Exam	Books and Authors
English	General English for Competitive Examination by SC Gupta High School English Grammar and Composition by Wren and Martin Descriptive English by S P Bakshi
Insurance and Management	Insurance Management by SC Sahoo Essentials of banking and Insurance by Sunil Kumar Principles of risk management and Insurance by E.Rejda George
Economic and Social issues impacting Insurance	Economic and social issues in India by Dhruv Kumar Indian Economy Compendium by Disha Experts Indian Economic Development by Gaurav Jain

Interview

Name of the Book	Author/Publisher
5 steps to crack Personal Interview	Saurav Bhowmik
The lazy man’s guide to crack any Interview	Animesh Sharma
Mastering Interviews and Group discussions	Dinesh Mathur

Tips to Crack the IRDA Exam 2024

• Download and understand the IRDA Exam pattern 2024 and syllabus properly before starting your preparation.
• Make a personal timetable and devote time to all the subjects with special emphasis on the weaker sections.
• Revise each subject thoroughly after completing each section.
• Practice sample papers and attempt mock tests to gain confidence and improve time management.
• Read newspapers daily and keep yourself updated with current affairs to perform well in the Interview section.
• Work on speed and accuracy to attempt the maximum number of questions correctly.