IRDA Exam 2024 - Insurance Regulatory and Development Authority Exam : Application Form, Exam Date, Eligibility, Syllabus and Exam Pattern

IRDA Exam 2024 acronym as Insurance Regulatory and Development Authority exam also known as LIC agent Exam is conducted by the Insurance Institute of India every year all-India bases for recruitment of Insurance agents in insurance companies.

IRDA Exam 2024 Important Dates

IRDA Exam is held throughout the year. Aspiring Candidates can apply 15 days before applying for the same.

IRDA Exam 2024 Eligibility

Educational Qualification: Candidates interested to take the IRDA exam should be +2 from a recognized school/board.

Age: Candidates aspiring to take IRDA Exam should not be below 18 years of age, however, there is no upper age limit for taking IRDA Exam for becoming a LIC agent.

IRDA Exam 2024 Syllabus

The Syllabus of the IRDA Exam comprises subject questions related to Insurance, loans, regulations, and their general application.

However, there can be some questions of numerical problems like percentages, discounts and loan calculations, etc.

Common Chapters

Life Insurance

• Introduction to Insurance
• Customer Service
• Grievance Redressal Mechanism
• Legal Principle of an Insurance Contract
• Regulatory Aspects of Insurance Agents

• What Life Insurance involves
• Applications of Life Insurance
• Documentation- Proposal Stage and Policy condition
• Financial Planning
• Life Insurance Products 1 and 2
• Pricing and valuation in Life Insurance
• Payments under a Life Insurance Policy
• Underwriting

Health Insurance

Other Insurance Related Topics

• Health Insurance Claims
• Health Insurance Products
• Health Insurance Underwriting
• Insurance Documentation
• Introduction to Health Insurance

• Providing Technical Product Information
• Providing professional advice
• Fulfilling legal and regulatory requirements
• Understanding Customer Protection and Ethics

IRDA Exam 2024 Pattern

IRDA Exam consists of three Phases-

Phase I: Prelims Exam

IRDA Exam consists of short answer type questions in the form of:

IRDA 2024 Exam Pattern Prelims

• The IRDA 2024 Prelims exam is an online objective-type exam.
• A total of 4 sections in which each section comprises 40 questions.
• Candidates can write the paper in these two languages: Hindi or English except for the English Language Section.
• +1 mark is awarded for each correct answer.
• There will be a deduction of 1/4 marks for every wrong response.

Sections

IRDA 2024 Exam Pattern Mains

• The IRDA 2024 Mains exam paper is of descriptive type.
• It comprises 3 sections which need to be completed in 3 hours.
• Phase III of the IRDA exam is an interview/personality test.
• Candidates will be shortlisted for an interview based on the overall marks obtained in the three sections of Phase I.
• The final selection will be made on the basis of marks obtained in Phase II & Interview rounds.

Sections

How to apply for IRDA Exam 2024?

• Interest candidates can apply for IRDA Exam in any of the two modes i.e ONLINE mode or MANUAL or OFFLINE mode.
• For ONLINE IRDA Exam, the candidates have to visit the official website and get themselves registered for the online IRDA Exam.
• However, a candidate preferring the MANUAL mode of examination is required to submit the examination entry-Annexure-III- form duly completed by the candidate and countersigned by the authorized official of the sponsoring insurer.

Note: If the candidate wishes to appear for both life and General branches, he/she shall have to submit two separate entry forms, one each from the two sponsoring companies.

IRDA Exam 2024 Dates

IRDA Exam is not held on a particular date or a particular venue. In fact, IRDA exams are conducted on the dates and venues mutually agreed upon between the sponsoring insurer and the Institute with a condition that at least 20 candidates are ready to appear for the examination.

IRDA Exam 2024 Fees

IRDA Exam fee for each entry form is Rs. 200/- (Rs. 400/- for Life & General Insurance)

Requisite fee along with two photographs is to be submitted to the Insurance Institute of India, Universal Insurance Building, 6th Floor, Sir P.M.Road, Fort, Mumbai-400001l, through the sponsoring Insurance company.

IRDA Exam 2024 Result

The result of the candidates is declared within 5 days from the date of examination. Candidates who pass the examination receive certificates of having passed the examination in due course of time through their sponsoring insurer. whereas candidates who have been declared to fail in the examination should contact their sponsoring insurer to enroll for the next pre-recruitment test.

IRDA Exam 2024 Centres

IRDA Exam venue is usually the place where the training is conducted. However, the Presiding Officer of the exam can change the venue and his decision will be final and binding.

• Agra, Ajmer, Aizawl, Aligarh, Agartala, Ahmedabad, Ahmednagar, Allahabad, Amritsar, Alwar, Aurangabad
• Bijapur, Bokaro, Bikaner, Bilaspur, Bhubaneshwar, Bangalore
• Chennai, Cochin, Calicut, Chandigarh, Chandrapur, Coimbatore
• Delhi, Dehradun, Dibrugarh
• Faizabad, Ferozepur
• Guna, Guwahati, Gulbarga, Gorakhpur
• Hissar, Hoshiarpur, Hyderabad
• Indore, Itanagar, Imphal
• Jind, Jaipur, Jorhat, Jodhpur, Junagadh
• Kadapa, Karnal, Kannur, Kanpur, Kolhapur
• Malda, Mandi, Meerut, Mumbai, Mysore, Muzaffarpur, Mangalore
• Nellore, Nashik, Nanded, Navi Mumbai
• Pune, Patna, Patiala, Pathankot, Port Blair, Pondicherry
• Rohtak, Rewari, Rourkela
• Shimla, Shillong, Sagar, Saharsa
• Tirunelveli
• Valsad, Vellore, Varanasi, Vijayawada