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GENERAL INSURANCE COMPANIES ASSISTANT MANAGER SCALE I OFFICERS Exam Details 

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GIC Officer Scale I Admit Card 2021
Click Here for GIC Officer Scale I Online Exam Call Letter
Commencement of Call letter Download : 16 - 04 - 2021
Closure of Call letter Download : 09 - 05 - 2021

GIC Re, the ‘National Reinsurer of India’ with a global footprint, is a 5 billion USD Dollar Reinsurer and 11th largest Reinsurance Company in the world with the network in India and abroad, is looking for Young, Energetic Graduates / Post Graduates with Brilliant Academic record in the disciplines mentioned below to fill-in the positions of 44 Officers in the cadre of Assistant Manager (Scale-I) to be based in its offices in India and abroad (primarily to be posted in Head Office, Mumbai) and will be liable to be posted anywhere in India as well as abroad as per the requirement of the Corporation. 

Applications are invited from Indian Citizens for recruitment of 44 Officers in the cadre of Assistant Manager (Scale I) from the open market.

Date of GIC Online Examination (Tentative): 9th MAY 2021 (Afternoon Shift)

Start date for GIC Online Registration : 11.03.2021

Last date for GIC Online Registration of Application : 29.03.2021

Payment of GIC Application Fee: From 11.03.2021 to 29.03.2021  

TOTAL NO. OF VACANCIES : 44

General

EWS

SC

ST

OBC

PWD

TOTAL

18

3

5

4

14

2

44

 

Number of vacancies and number of reserved vacancies may increase or decrease, depending upon the actual vacancies at the time of final selection and availability of successful candidates.

THE CANDIDATE CAN APPLY ONLY FOR ONE STREAM OF HIS /HER CHOICE.  

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ELIGIBILITY CRITERIA :

A) Educational Qualification (as on 01/02/2021)

 

STREAM / DISCIPLINE

NO. OF VACANCIES

QUALIFICATION REQUIRED

Desirable Additional Qualification

FINANCE-CHARTERERED ACCOUNTANTS

15

Graduation in any discipline with minimum 60% marks for General & OBC candidates (55% for SC/ST candidates) and candidates should have passed the Final examination of Institute of Chartered Accountants of India. Candidates should provide their membership number and the same will be verified with Institute of Chartered Accountants of India.

Chartered Accountant(CA) / Cost Accountant(ICWAI) / MCom

GENERAL

15

Graduation in any discipline with minimum 60% marks for General & OBC candidates (55% for SC/ST candidates).

 

LEGAL

4

Bachelors Degree in Law recognized by Bar council of India for the purpose of enrolment as an Advocate with a minimum of 60% marks for General & OBC candidates (55% for SC/ST candidates).

 LLM / Experience

INSURANCE

10

Graduation in any discipline with minimum 60% marks for General & OBC candidates (55% for SC/ST  candidates) and candidates should possess Post Graduate Degree/diploma in General Insurance/ Risk Management/ Life Insurance/ FIII/ FCII.

 

TOTAL

44

 

 

 


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B) Age – (As on 01/02/2021)

Minimum Age : 21 years ;

Maximum Age: 30 years (as on 01/02/2021).

Candidate should have been born not earlier than 02.02.1991 and not later than 01.02.2000 both days inclusive.

C) Nationality : A candidate applying for above vacancies in the Corporation must be either : (a) a citizen of India or (b) a subject of Nepal, or (c) a subject of Bhutan, or (d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India , or (e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

Emoluments and Benefits:

Basic Pay Rs.32,795/-per month in the scale of Rs.32795 -1610(14) –55335 -1745(4) -62315 and other admissible allowances like DA, HRA, CCA, etc. The total emoluments will be about Rs. 65,000/-p.m. plus other benefits which are New Pension Scheme and Newspaper /Internet Allowance, Leave Travel Subsidy, Medical Benefits, House Furnishing Allowance, Household Help Allowance, Sodexo, Personal Accident cover, housing, vehicle and computer loans with subsidized interests, and interest free advances for festival, natural calamities and any other benefits as per rules and on confirmation of service in the Corporation. The officers are also entitled for Corporations / leased accommodation as per norms. (Presently Corporation owned accommodations are not available, whereas lease accommodation will be permitted as per norms). The present lease accommodation limits at Mumbai is Rs.30,000/-per month.

GIC Re provides excellent opportunity for career growth in the highly specialized area under which the Corporation is operating, through training and development interventions within the country as well as overseas. 

Probation :

Selected candidates if medically found fit, will be appointed as Assistant Manager on probation for a period of one year, which may be extended by a further period upto one year. The Corporation reserves the right to terminate service of a candidate if found unsuitable at any time during the probationary period or the extended probationary period without any notice or assigning any reason therefor. During the probationary period, candidates will be required to undergo theoretical and practical training, as may be arranged for them.

During the probation period, the Officers would be required to pass the non-life “Licentiate Examination” conducted by Insurance Institute of India. Only after passing the said examination, the officer will be eligible for confirmation of his services in the Corporation. Failure to pass the said Examination within the extended probation period will render the officer liable to be terminated from service on expiry of the period so specified.

GIC SELECTION PROCEDURE : The selection for the above post shall be on the basis of shortlisting of the candidates based on Online Test, and performance in Group Discussion and interview and medical examination. The total marks for Written Test, Group Discussion and Interview will be 200.   
GIC Competitive online examination will be held tentatively in the month of May 2021.

GIC EXAM CENTRE FOR WRITTEN TEST :
The GIC examination will be conducted online in venues to be given in the respective call letters.
No request for change of centre/venue/date/session for Examination shall be entertained. 

HOW TO APPLY GIC Officers Assistant Manager (Scale-I) Application Form: Candidates have to apply through online registration system of GIC Re i.e. https://gicofindia.in
Online submission of the GIC applications will be allowed on the website between 11.03.2021 to 29.03.2021
No other means/mode of application shall be accepted.

CLICK HERE To Apply Recruitment of GIC Scale I Officers

GIC APPLICATION FEES : The application form is integrated with the payment gateway.
The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
Non refundable amount of Rs.850/- (plus GST @ 18%) as Processing and Examination fees  has to be paid on line only.
Candidates belonging to SC/ST category and PH candidates and the employees of GIC and GIPSA Member Companies are exempted from the fees.
Demand Draft/Money Order/Postal Order or any other mode of payment is not acceptable.

For More GIC Officers Assistant Manager (Scale-I) Information : visit

Click Here advertisement for Recruitment of Scale I Officers    

https://www.gicofindia.com/  

 

 

 

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