what is irda exam

The IRDA exam, also known as the Insurance Regulatory and Development Authority exam, is a standardized test designed to assess the knowledge and skills of aspiring insurance agents and brokers in India. It is conducted by the Insurance Institute of India and is an all-India level exam that recruits eligible candidates for dignified posts in IRDA. The exam is not an annual process, and the recruitment is done based on the requirement of the company. The IRDA exam is conducted on regular intervals of time, and the posts for which the IRDA exam is conducted include Assistant Manager and Manager (Grade B). The selection process of the IRDA exam comprises three stages: Phase-I Prelims exam, Phase-II Mains exam, and Phase-III Interview. The exam pattern of the IRDA exam is set by the conducting body, and the exam is conducted in online mode. The IRDA exam tests candidates on various aspects of insurance, including regulations, policies, and claim procedures. Success in this exam opens the gateway to a rewarding career in the insurance industry, enabling them to serve clients and safeguard their interests effectively.