IRDA JO Syllabus 2016 Phase 1, 2 Exam Pattern

Here you can check IRDA JO Syllabus 2016.
Insurance Regulatory and Development Authority of India (IRDAI) organizes 3 phase selection process for Junior Officers posts. To qualify this test, candidates need to prepare better. Syllabus is one of the one thing they need in order to score. You can find the IRDA Junior Officer Syllabus here. If you are preparing for this test, then you should check out the syllabus and pattern of IRDA Junior Officer exam.

IRDA JO Syllabus 2016

The selection for these posts is to be done on the basis of performance in Phase 1, 2 and interview. Those candidates who want to apply for these posts, should prepare as per the prescribed syllabus in order to perform better. Here you can check the syllabus of IRDA Junior Officer exam.
Download IRDA JO Admit card
Phase 1 is an objective type online exam while phase 2 is descriptive type comprising 3 Papers.

The On-line preliminary Examination (Phase I) will be for 200 marks with four Tests as under:
IRDA Junior Officer Exam Pattern Phase 1
Sr. No. Name of Tests No. of questions Max. Marks Duration
1 Quantitative Aptitude 40 40 100 minutes
2 English language 40 40
3 General Awareness 40 40
4 Reasoning 40 40
Total 160 160

A candidate has to qualify in each Objective test separately and in aggregate as per the cut-off marks for each test and in aggregate to be decided by IRDAI. Separate cut-offs may also be applied for each of the specialization and general posts. Tests will be provided in English and Hindi (except test of English Language will be provided only in English).

IRDA Junior Officer Syllabus Phase 1

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.

2. 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.

3. 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.

4. 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.

The Phase–II online Descriptive examination will consist of three papers as under:

IRDA Syllabus of Junior Officer for Phase-II examination

Descriptive (computer based, to be typed with the help of the keyboard)
Name of Section Time Allowed Maximum marks
Paper 1 English 90 minutes 200
Paper 2 - Physical Sciences (Physics and Chemistry) Economic and Social Issues impacting Insurance 2 hours 200
Paper 3 - Mathematics Insurance and Management 2 hours 200

IRDA JO Syllabus 2016 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.

IRDA Junior Officer Syllabus 2016
(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.

The above IRDA JO Syllabus 2016 is only indicative and not exhaustive. Keeping in view that candidates from different areas of study apply for the post, the questions in Papers I and II will be of foundation standard.
You can check official website for details.

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