• Written By Shayan Patra
  • Last Modified 24-05-2023

IRDAI Assistant Manager Salary 2023: Check Pay Scale & Benefits

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IRDAI Assistant Manager Salary 2023: The Insurance Regulatory and Development Authority of India (IRDAI) conducts the recruitment for Assistant Manager posts. Aspirants who want to apply for the post should go through the salary details. Knowing the salary beforehand will help them get an idea about the pay structure, allowances, and all the benefits of an Assistant Manager in IRDAI.

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According to the official notification, the initial basic salary of Assistant Manager is Rs. 28,150 per month. In addition to the basic pay, Assistant Manager also get various allowances and benefits. Therefore, the initial monthly gross salary of Assistant Manager is around Rs. 81,000/-. Continue to read the article to know about the salary structure, pay scale, benefits, job profile, and more.

IRDAI Assistant Manager Salary Structure 2023

The salary of candidates who joined as Assistant Managers (AM) in IRDAI is quite lucrative. Applicants who want to appear for the IRDAI Assistant Manager 2023 recruitment can check the salary structure below:

ParticularsAmount
Starting Basic PayRs. 28,150 per month
Pay ScaleRs. 28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600(17 years)
Starting Gross SalaryApprox. Rs. 81,000 per month

Note: EB stands for Efficiency Bar. It means a candidate is eligible for an increment only if his/her performance is deemed fit by the management.

In addition to the above gross salary, candidates who are selected for posts with professional qualifications also get qualification allowances. The qualification allowances vary according to the post and are added to the monthly salary. Candidates can check the details of qualification allowances below:

QualificationCompletion LevelQualification Allowance
ActuarialNine Papers of the Institute of Actuaries of IndiaRs. 15,000 per month
AccountsACA/ AICWA/ ACSRs. 3,500 per month

IRDAI Assistant Manager Allowances and Benefits

After joining as an Assistant Manager, candidates get various allowances, perks, and benefits in addition to the basic pay. Aspirants can check the list of various allowances and benefits below:

  • Dearness Allowance (DA)
  • House Rent Allowance (HRA)
  • City Compensatory Allowance
  • Grade Allowance
  • Leave Travel Concession
  • Telephone Expenses
  • Medical Insurance
  • New Pension Scheme (NPS)

How To Practice Free IRDAI Assistant Manager Exam Questions at Embibe?

Practice free IRDAI Assistant Manager exam questions at Embibe by following the steps mentioned below:

  • 1st Step: Visit Embibe’s official website, i.e., embibe.com.
  • 2nd Step: Use the mobile number/email to log in.
  • 3rd Step: Click on the “Getting a Government Job” menu bar.
  • 4th Step: Select the Goal “Insurance” from the dropdown and click on “Next”.
  • 5th Step: Search and select “IRDAI Assistant Manager” and click on “Next”.
  • 6th Step: Select the preferred language and click on “Done”.
  • 7th Step: Click “Practice” from the header section.
  • 8th Step: Scroll down to the “Subjects” section.
  • 9th Step: Click on any IRDAI Assistant Manager subjects.
  • 10th Step: Scroll down to click on the chapters from the selected subject to begin the practice.

IRDAI Assistant Manager Job Profile

Aspirants who join as IRDAI Assistant Managers can expect tasks and responsibilities related to the insurance sector. The following are the responsibilities of an IRDAI Assistant Manager:

  • Assistant Managers need to do an inspection of existing insurance policies.
  • They need to formulate new schemes.
  • An Assistant Manager needs to assist senior members such as the Manager and higher authorities and work as per their instructions.
  • Assistant Managers need to take care of customer queries or hand grievances with respect to the issued insurance policies.

IRDAI Assistant Manager Probation

After selection, the probation period for candidates is one year. The management can extend the probation period for candidates whose performance is unsatisfactory. Candidates should note that the total period of probation (with extension) shall be a maximum of two years from the date of joining the service.

Also, check:

IRDAI Assistant Manager Detailed InfoIRDAI Assistant Manager Books
IRDAI Assistant Manager Preparation TipsIRDAI Assistant Manager Mock Tests
IRDAI Assistant Manager VacancyIRDAI Assistant Manager Exam Date
IRDAI Assistant Manager Study MaterialIRDAI Assistant Manager Cut Off

FAQs on IRDAI Assistant Manager Salary 2023

Find the most commonly asked questions related to the IRDAI Assistant Manager pay scale below:

Q: How much is the starting basic pay of an IRDAI Assistant Manager?

Ans: The starting basic pay is Rs. 28,150 per month.

Q: How much is the gross salary of an IRDAI Assistant Manager?

Ans: The starting monthly gross salary of Assistant Managers is around Rs. 81,000.

Q: What is the pay scale of an IRDAI Assistant Manager?

Ans: The pay scale of Assistant Managers is Rs. 28150-1550(4)-34350-1750(7)-46600-EB-1750(4)-53600-2000(1)-55600 (17 years).

Q: What benefits an IRDAI Assistant Manager gets?

Ans: Some of the benefits and perks an IRDAI AM gets are DA, HRA, City Compensatory Allowance, Grade Allowance, Telephone Expenses, Medical Insurance, Pension, etc.

Q: How long is the probation period for an IRDAI Assistant Manager?

Ans: The probation period for an Assistant Manager is one year. However, IRDAI can increase the probation period in case of unsatisfactory performance.

We hope this detailed article on the IRDAI Assistant Manager Salary 2023 helps you. Feel free to check our website or download our app if you have any queries. We will be happy to help you out.

Stay tuned to embibe.com for the latest news and updates on IRDAI Assistant Manager 2023.

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