One of the foremost pined for organizing, IRDA, an shortened form for the Protections Administrative Improvement Specialist of India, conducts scores of exams for different posts over the division. Not as it were limited to Protections agents’ posts but the specialist too conducts exams for posts extending from Collaborator Manager to Common Chief. To supply clarity, here could be a web journal that will shed light on different parameters related to the IRDA exam, particularly for Protections Operators and Collaborator Director posts!
IRDA Exam
The IRDA exam, too known as the Protections Administrative and Advancement Specialist exam, may be a significant milestone for people trying to work within the protections division. This exam plays a vital part in getting the essential permit to gotten to be an protections operator or an protections broker in India. With a wealthy mix of hypothetical information and commonsense understanding, the IRDA exam tests candidates on different angles of protections, counting controls, approaches, and claim methods. Trying experts are required to get ready tirelessly, as success in this exam opens the door to a fulfilling career within the protections industry, empowering them to serve clients and defend their interface viably.
Eligibility
The candidate applying for the examination must have passed 10+2 from any perceived board of instruction, in common. Moreover, in case an candidate dwells in a country zone where the populace is less than five thousand at that point the criteria is that he ought to have completed course 10th from a recognized board. For posts other than Partner Director, the point by point qualification parameters are discharged with the notice. When it comes to the post of Collaborator Director, an candidate must:
- Hold a bachelor’s degree in any discipline from a university recognised by the act of parliament or that of a state.
- Have secured at least 60% marks in graduation.
- Should be in the 21-30 age group bracke
Exam Pattern
The questions asked in the IRDA exam are multiple-choice in nature and have five probable answers to each question.
| Number of Questions | 50 |
| Marks Allotted to Each Question | 1 mark (there is no negative marking) |
| Total Time of Examination | 1 hour |
| Total Marks | 50 marks |
| Passing Marks | 35% |
Exam Syllabus
- Providing professional advice
- Understanding customer protection and ethics
- Fulfilling legal and regulatory requirements
- Understanding insurance
- Providing technical product information
- Understanding claims
Exam Pattern for the Post of Assistant Manager
Due to the extensive range of tasks associated with the position of Assistant Manager, the exam is a little more difficult than it is for insurance brokers. The exam is divided into three phases: the preliminary, the main, and the personal interview. For a thorough understanding of the IRDA pattern, look through the following tables.
- Antonyms and Synonyms
- Data Sufficiency
- Important Books and Authors
- English Grammar
- Profit and Loss
- Static GK Topics
- International & National Current Affairs
- Mensuration Formulas and Questions
- Arithmetical Reasoning and Number-Series, etc.
PRELIMS
| Sections | Total Questions | Marks | Duration [minutes] |
| General Reasoning | 40 | 40 | 90 |
| Aptitude | 40 | 40 | 90 |
| English Language | 40 | 40 | 90 |
| Basic Awareness | 40 | 40 | 90 |
MAINS
| Section | Total Marks | Time [Minutes] |
| English | 100 | 60 |
| Socio-Economic Issues | 100 | 60 |
| Insurance & Management Related Topics | 100 | 60 |
Registration Process
Candidates who wish to sit for the IRDA exam must complete the online application form via the organization’s official website. In addition, if they want to work as Life or General Insurance agents, they must finish a 50-hour training program from an IRDA-approved institution before applying for the IRDA exam.
- But If you want to become a Composite Insurance agent, you need to complete 75 hours of training sessions from an IRDA-approved institution.
- Make sure that you add all the information carefully on the application form.
- Upon completion of the IRDA exam form, you will receive a unique registration number, which will be used to pay the fees online.
- The application fees can be paid via online mode only.
Selection Process
The Insurance Regulatory and Development Authority of India’s (IRDA) selection process is a thorough and meticulous process designed to find the most qualified candidates for important positions within the business. It normally consists of several stages, including written exams, interviews, and assessments of pertinent qualifications. Candidates are evaluated based on their understanding of insurance laws, market trends, and their capacity to analyze challenging situations. Integrity, professionalism, and an in-depth knowledge of the insurance industry are stressed throughout the process. Candidates who exhibit extraordinary aptitude and potential to significantly contribute to the regulatory and developmental tasks of IRDA are deemed successful.
- But If you want to become a Composite Insurance agent, you need to complete 75 hours of training sessions from an IRDA-approved institution.
- Make sure that you add all the information carefully on the application form.
- Upon completion of the IRDA exam form, you will receive a unique registration number, which will be used to pay the fees online.
- The application fees can be paid via online mode only.
FAQs
- Evidence of Capital for an Insurance Business- that is equity capital of 100 crores.
- Evidence of Capital for a Reinsurance Business- that is the equity capital of 200 crores.
- Name and address of the directors.
- Qualifications of the directors.
- Certified Copy of the Prospectus.
