What is the approximate monthly Cost to Company for a AM position in IRDAI?
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The approximate monthly Cost to Company (CTC) for an Assistant Manager (AM) position in IRDAI is around ₹1,10,000 to ₹1,20,000, depending on the posting location and applicable allowances. The basic pay starts at ₹44,500 in the pay scale of ₹44,500 – 89,150, and the total salary package includes Dearness Allowance (DA), House Rent Allowance (HRA), Local Compensatory Allowance, Grade Allowance, and other perks like reimbursements for medical, newspaper, mobile bills, and more. IRDAI also provides benefits such as leased accommodation, Leave Fare Concession (LFC), NPS contribution, and group insurance, which collectively increase the overall value of the CTC. This makes the IRDAI AM role a financially attractive and stable government job in the regulatory sector, especially for those interested in the insurance and financial services domain.
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