IRDA Exam Study Material

Would you please give here study material like syllabus and exam pattern for IRDA Junior Officer Exam of Insurance Regulatory and Development Authority (IRDA)?

[Pathak]

As you want I am here giving you study material like syllabus and exam pattern for IRDA Junior Officer Exam of Insurance Regulatory and Development Authority (IRDA).

IRDA Junior Officer Exam pattern and syllabus

IRDA Junior Officer Exam Pattern Phase 1

Duration: 100 minutes

Name of TestsNo. of questionsMax. Marks
Quantitative Aptitude4040
English language4040
General Awareness4040
Reasoning4040
Total160160

IRDA Junior Officer Syllabus Phase 1
IRDA JO Quantitative Aptitude Syllabus:
Topics are - Number system, HCF & LCM, Number series, Problems based on numbers. Approximation Wrong Number, Decimal fractions, Square and cube roots, Simplifications. Partnerships, Percentage, Ratio and proportions, Average & Ages Ratio & Proportion, Profit and loss, Simple interest and compound interest, Time and work, Time and distance, Mensuration, Probability
Data Interpretation: Charts and graphs.

IRDA JO Syllabus for English language section
Topics of this section are - Common errors, Phrase substitution, Ordering of sentences. Fill in the blanks. Cloze Test, Idioms & Phrases, Choosing the appropriate filler. Synonyms and antonyms, One word substitution, Commonly misspelled words, Comprehension passage.

IRDA Junior Officer General awareness Syllabus:
This test is designed to measure your awareness about the past and present events.
Insurance Terms, Abbreviations / full forms, Important days / dates, Currency and capital, Ministers and their departments, Indian Economy, Heads and CEO of various organizations, Various schemes of Government, Ministers, Books & Their Authors, Awards, Sports, Budget, Current Affairs (last 6 months) etc.

IRDA JO Reasoning Section Syllabus:
Verbal reasoning: Series, Analogy. Odds, Classification, Syllogism, Coding-decoding, Blood relations. Number, ranking, Analytic reasoning, Direction sense test. Sitting arrangement, Decision making, Input output, Puzzle, Statement and conclusions. Assumptions, Statement and arguments, Actions. Passage and conclusions, Assertion and reasoning, Figure Series, Word formation.

IRDA Syllabus of Junior Officer for Phase-II examination
Descriptive

Name of SectionTime AllowedMaximum marks
Paper 1English90 minutes200

Paper 2 - Physical Sciences (Physics and Chemistry) Economic and Social Issues impacting Insurance
2 hours200

Paper 3 – Mathematics Insurance and Management
2 hours200

IRDA JO Syllabus Phase 2
(i) Paper I – English:
a) Essay;
b) Precis writing;
c) Comprehension and Business/Office Correspondence.

(ii) Paper II – Economic and Social Issues impacting Insurance:
a) Economic Growth, business cycles and Insurance penetration, impact of age structure on economy, application of utility theory to Insurance premium setting, macroeconomic factors including catastrophes and pandemics that may impact insurers and insurance markets;

b) Financial markets, Financial Institutions and financial services integration and risks arising from interconnectedness; systemic risk and concentration risk;

c) Economic capital and risk based capital requirements, economic impact of risk transfer arrangements including reinsurance, contribution of Insurance sector to sustainable and responsible development of economy, Insurance Investments in Infrastructure sector

d) Economic reforms in India leading to Insurance sector reforms, Insurance regulation - financial and market conduct regulations, functions of IRDAI, role of an Actuary, de-tariffing in India, motor business and Indian experience, changing Insurance Regulations/Laws and FSLRC.

e) Social structure in India, Insurance in rural and social sectors and obligations of Insurers thereto, Indian Micro-Insurance experience, Social security laws and implementation thereof. RSBY - Health insurance scheme for Below Poverty Line (BPL) families.

(iii) Paper III - Insurance and Management:
Part 1- Insurance:
a) History of Indian Insurance, principles of Insurance;
b) Risk and uncertainty, pooling and diversification of risk, Indemnity and Insurable interest;
c) Legal foundations of Insurance, basics in Group/Health Insurance/Pensions;
Intermediation: role in mobilising savings, evolution of various types and Bancassurance in India;
d) Functions performed by Insurers: Product design, pricing, distribution, underwriting, claims, Investment and Reinsurance;
e) Insurance lines and products : Property-Liability, Life Insurance and Annuities and Health Insurance; Liability risks and Insurance, valuation and Solvency requirements, Specialist Insurance lines in India - Agricultural and Export Credit Guarantee; Reinsurance, GIC of India, obligator sessions and retention of risk within the Country.

Part 2 - Management:
a) Its nature and scope;
b) Management Processes - Planning, Organisation, Staffing, Directing and Controlling; role of a Manager in an Organisation;
c) Leadership: The tasks of a leader; leadership styles; leadership theories; A successful leader versus an effective leader;
d) Human Resource Development- Concept of HRD; Goals of HRD; Career Planning – Training and Development;
e) Performance Appraisal – Potential appraisal and development – feedback and performance counselling –– rewards – employee welfare;
f) Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale;
g) Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication;
h) Role of Information Technology;
i) Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

Can you provide me the Assistant Manager Post Examination Syllabus for Insurance Regulatory and Development Authority of India (IRDA)?

[Neelu Bhasin]

The Assistant Manager Post Examination Syllabus for Insurance Regulatory and Development Authority of India (IRDA) is as follows:

Reasoning
• Analogies.
• Similarities.
• Visual memory.
• Space visualization.
• Problem-solving.
• Differences.
• Analysis and Judgment.
• Decision-making.
• The relationship.
• Discrimination.
• Observation.
• Verbal and figure classification.
• Concepts.
• Arithmetical reasoning.
• Arithmetical number series.


English
• English grammar.
• Antonyms.
• Spellings.
• Synonyms.
• Vocabulary.
• Comprehension.
• Correct and incorrect usages, etc.


General Awareness
• Current Events.
• Books and Authors.
• Current Affairs (National and International).
• Major Financial / Economic News.
• Budget and Five Year Plans.
• Sports.
• Abbreviations.
• Science – Inventions and Discoveries.
• Awards and Honors.
• Important Days.
• International and National Organizations.


Quantitative Aptitude
• Simplification.
• Number Systems.
• Data Interpretation.
• Simple Interest & Compound Interest.
• Surds & Indices.
• Average.
• Time & Distance.
• Profit & Loss.
• Mensuration – Cylinder, Cone, Sphere.
• Sequence & Series.
• Ratio & Proportion, Percentage.
• Mixtures & Allegations.
• Percentage.
• Permutation, Combination &Probability.
• Simplification.
• Problems of Ages.
• Number Series.
• Quadratic Equation.
• Data Sufficiency.
• Time and Work.
• Linear Equation.


Insurance and Management
• Insurance.
• History of Indian Insurance.
• Principles of Insurance.
• Legal foundations of Insurance.
• Basics in Group/Health Insurance/Pensions.
• Intermediation.
• Functions performed by Insurers.
• Insurance lines and products.
• Management.
• Its nature and scope.
• Management Processes.
• Leadership.
• Human Resource Development.
• Performance Appraisal.
• Motivation, Morale, and Incentives.
• Communication.
• Role of Information Technology.