IRDAI Assistant Manager Salary 2024: The Insurance Regulatory and Development Authority of India (IRDAI) has released the notification of recruitment for the post as Assistant Manager. IRDAI is a government-owned institution that is responsible for ensuring the efficient functioning of the insurance industry in India. It supervises the implementation of policies and expects Assistant Managers to assist investors in insurance firms.
A Assistant Manager holds an important job in the company that is accountable for a wide range of tasks that are in support of the development and regulatory goals that are set by the IRDAI. People who are interested in this job should be aware of IRDAI assistant manager’s compensation, benefits and job description. IRDAI Assistant Manager Salary 2024 Salary Structure and Allowances
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IRDAI Assistant Manager Salary Structure 2024
It is important to note that the IRDAI Associate Manager’s compensation structure is comprised of various allowances that are added to the base salary. The basic starting amount to one who is an IRDAI Assistant Manager amounts to approximately Rs. 44,500 per month. Candidates can be qualified for career advancement and promotions based upon their performance. Here’s a complete salary structure:
| Period | Basic Pay | Increment Offered |
|---|---|---|
| Initial | Rs. 44,500 | Rs. 2,500 |
| After 4 Years | Rs. 54,500 | Rs. 2,850 |
| After 7 Years | Rs. 74,450 | Rs. 2,850 |
| After 11 Years | Rs. 85,850 | Rs. 3,300 |
IRDAI Assistant Manager Pay Scale 2024
Pay scales of IRDAI Assistant Managers is the amount of Rs. 44,500-2,500(4)-54,500-2,850(7)-74,450-EB-2,850(4)-85,850-3,300(1)-89,150 (17 years).
IRDAI Assistant Manager Gross In-Hand Salary
The total pay of the IRDAI Assistant Manager is typically between Rs. 44,500 to Rs. 89,150 per month. The beginning gross income is about Rs. 1,30,000 per month, however it can differ based on a variety of factors, including educational level, experience, grades and the location.
IRDAI Assistant Manager Annual Package
The salary of the IRDAI Assistant Manager is based on a variety of aspects. The pay can range between to Rs. 44,500 to Rs. 89,150 per month. This includes basic pay and dearness allowance, house rent allowance and other benefits like the medical allowance and travel insurance. The annual salary ranges between Rs. 4,02,000 to Rs. 10,69,800.
IRDAI Assistant Manager Salary Slip 2024
The salary slip gives an in-depth breakdown of the salary structure for each month. It lists the base salary, as well as allowances, such as Dearness Allowance as well as Rent for the House Allowance and various other pertinent benefits. It also outlines deductions, such as the tax rate along with PF contributions. The salary slip to make loan applications as well as for other personal reasons.
IRDAI Assistant Manager Allowances & Benefits
In addition to their basic salary, IRDAI Assistant Managers receive numerous benefits and allowances which enhance their living standards. They include:
- Dearness Allowance
- House Rent Allowance
- New Pension Scheme
- Grade Allowance
- City Compensatory Allowance
- Qualification Allowance
Additional benefits are Leave Travel Concession (LTC) and medical insurance incentive programs based on performance such as auto loans, housing loans, allowances for furniture and reimbursement for phone and internet-related expenses.
IRDAI Assistant Manager Career Growth
IRDAI provides excellent career opportunities and opportunities for advancement depending on the performance. The path to advancement is according to:
- Assistant Manager
- Deputy Manager
- Manager
- Senior Manager
- General Manager
IRDAI Assistant Manager Job Role
Candidates who are selected for IRDAI assistant managers will be accountable for the smooth operation and oversight for insurance firms. The typical tasks are:
- Facilitating the smooth running for insurance firms.
- Investigating and analyzing insurance-related issues, and making sure that you are in compliance with the legal requirements.
- Coordination of communication with policy holders and insurance companies.
- Offering training and support to employees in junior positions and taking part in working groups and committees.
- Identifying the market’s requirements, risk and creating guidelines for incentive programs.
- Assisting senior members and other authorities in a variety of tasks.