Mohit Dhulia
GIC Recruitment: Good news for recent graduates and post-graduates seeking employment in the insurance industry: 85 Assistant Manager positions will be filled this year by the General Insurance Corporation of India. The GIC Online exam for Assistant Manager positions is slated to take place in February 2024, according to the notification pdf. GIC will make the precise exam date available on their official website, https://www.gicre.in/. Save this page to receive up-to-date information about the GIC Assistant Manager Exam Date 2024.
The General Insurance Corporation of India (GIC) is an insurance industry regulator. GIC’s selection method is divided into two phases: Phase I and Phase II. Phase I consists of an online test, while Phase II consists of a group discussion and an interview.
On its official website, the General Insurance Corporation of India will be accepting applications for Actuarial apprentice positions.
Every year, GIC holds an exam to recruit employees for a variety of positions. To apply for the GIC exam, candidates must be between the ages of 21 and 30.
Table of Contents
| Particulars | GIC Recruitment Details |
|---|---|
| Official Website | https://www.gicofindia.com/en/ |
| Name of the Organization | General Insurance Corporation of India |
| Mode of Application | Online |
| Exam Name | General Insurance Corporation of India (GIC) Recruitment, 2024 |
| Conducting Board | Government of India |
| Selection Process | Phase I- Online Test, Phase II- Group discussion & Interview. |
| Name of the Posts |
Assistant Manager Actuarial Apprentices |
| Exam mode | Phase I-Online, Phase II-Offline. |
On its official website, the Indian government will soon post notification for the recruitment of various positions under the GIC examination. Exam dates, syllabus, exam pattern, and guidelines will all be included in the GIC 2024 exam notification. The exam will last 150 minutes in total, with each phase lasting 150 minutes. The official website will soon have more information.
| Events | Dates (Out) |
|---|---|
| Application Start | 22nd December 2023 |
| Apply Online last date (Actuarial Apprentices) | 12th January 2024 |
| Last Date for Pay Fees | 12th January 2024 |
| Exam Date | February 2024 |
The total number of vacancies for the year 2024 is available on the official website. However, the following are the details of vacancies:
| GIC Assistant Manager Vacancy 2024 [Category-wise] | |
| Categories | Vacancies |
| UR | 35 |
| SC | 12 |
| ST | 06 |
| OBC | 26 |
| EWS | 06 |
| PWD* (HI/VI/OC/ID/MD) | 03 |
| Total | 85 |
| GIC Assistant Manager Vacancy 2024 [Stream-wise] | |
| Streams/Disciplines | Vacancies |
| General | 16 |
| Hindi | 01 |
| Statistics | 06 |
| Economics | 02 |
| Legal | 07 |
| HR | 06 |
| Engineering | 11 |
| IT | 09 |
| Actuary | 04 |
| Insurance | 17 |
| Medical (MBBS) | 02 |
| Hydrologist | 01 |
| Geophysicist | 01 |
| Agriculture Science | 01 |
| Natural Science | 01 |
| Total | 85 |
Candidates applying for GIC positions must meet the authority’s eligibility requirements. The following are the criteria:
The following is a list of educational qualifications:
| Stream | Required Educational Qualification |
|---|---|
| Finance /Accounts | B. Com Degree from a recognized University; General & OBC- 60% marks, SC/ST – 55% marks OR, any equivalent qualification recognized as such by Central Government with the prescribed benchmark. |
| Legal | LLB/BL degree from a recognized University; General & OBC- 60% marks, SC/ST – 55% marks OR, any equivalent qualification. |
| General | Graduation in any stream, from a recognized university General & OBC- 60% marks, SC/ST – 55% marks. |
| Insurance | Graduation in any stream, General & OBC- 60% marks, SC/ST – 55% marks OR, any equivalent qualification recognized university. |
| Post | Minimum age | Maximum age |
|---|---|---|
| Assistant manager | 21 years | 30 years |
The reserved candidate is also given an Age relaxation:
| Category | Age Relaxation |
|---|---|
| OBC | 3 Years |
| SC/ST | 5 Years |
| Existing Employees | 08 years |
| PwD | 10 Years |
| Widows, Divorced women and women legally separated from their husbands (who have not remarried) | 09 Years |
| Ex-Serviceman | 15 years |
| Persons originally domiciled in the State of Jammu & Kashmir during the period (01-01-80 to 31-12-89) | 05 Years |
The only way to apply for the job is to do so online at the organization’s official website. The steps below should be followed:
The following are the specifics:
| Category | Application Fees |
|---|---|
| All category | INR 1000/ +18% GST |
| Relevant Links | ||
|---|---|---|
| IBPS RRB | IPPB Recruitment | NHB Recruitment |
| IBPS PO | SBI PO | SBI SO |
GIC 2024 admit cards will be accessible online 10-15 days prior to the exam date once the application form has been successfully completed. Admit cards should be downloaded using the steps below.
The conducting authority determines the exam pattern for GIC Recruitment 2024. On the website, candidates can get a quick overview of the previous year’s exam papers and mock tests. The following are the remaining details:
| Sections | Subjects | Maximum Marks | Number of Questions |
|---|---|---|---|
| Part- A | Technical & Professional Knowledge Test in the relevant discipline | 40 | 40 |
| Part- B | English Language | 25 | 25 |
| Numerical Ability & Computer Literacy | 15 | 15 | |
| General Awareness | 20 | 20 | |
| Reasoning | 20 | 20 | |
| Part- C | English Language – Essay, precis, and Comprehension | 30 | 03 |
| Sections | Subjects | Maximum Marks | Number of Questions |
|---|---|---|---|
| Part- A | Technical & Professional Knowledge Test of Hindi and English language | 40 | 40 |
| Part- B | Reasoning | 20 | 20 |
| Translation | 20 | ||
| General Awareness | 20 | ||
| Part- C | Hindi Language Essay, precis, and Comprehension, Hindi & English grammar, translation, Hindi typing, UNICODE | 50 | 05 |
The GIC 2024 exam syllabus is available on the exam’s official website. The following is a detailed syllabus:
| Part | Topics |
|---|---|
| Part A & B | General Awareness Reasoning Ability Technical and Professional Knowledge Test Computer Knowledge English/ Hindi Language Quantitative Aptitude |
| Part C | Comprehension Precis Translation Essay Writing |
| Subjects | Topics |
|---|---|
| Reasoning | Statement and Conclusions Coding-Decoding Pattern Series and Sequences Reasoning Analogies Order & Ranking Seating Arrangements Statement and Assumptions Calendars Cause and Effect Clocks Shape Construction Alphanumeric series Blood Relations Syllogism Artificial Language |
| Numerical Ability | Market price, Cash price & Expenditure. Time & Work, Speed & Distance Simple interest & Compound interest Mensuration formulas Profit Loss LCM, HCF Numerical problems Percentages Fraction, Ratios, Average & Volume |
| General Awareness | General Polity Neighboring Countries of India Sports Culture Indian Constitution History Geography Economics Inventions & Discoveries Scientific Research |
| English Language | Sentence formation complete the sentence Ordering Error spotting Usage of words Preposition Synonyms & Antonyms Cloze Test Reading Comprehension Conjunctions |
| Hindi language | Articles Sentence Rearrangement Idioms & Phrases Tenses Comprehension Voice Translation Antonyms, etc. Synonyms Grammar |
The procedure consists of two stages: a written exam and a Pi round. It goes like this:
The GIC usually releases the answer key on the official website only 2-3 weeks after the examination. The steps below should be followed:
The outcome will be made public on the official website. To obtain the result, follow the steps below:
Each category and stream has its own set of GIC cut-offs. The following is the written exam cut-off based on last year’s results:
| Posts/Stream under GIC | OBC | PWD | General | ST | SC | EWS |
|---|---|---|---|---|---|---|
| Finance | 80.75 | 88 | 80 | NA | 69 | NA |
| Insurance | 80 | 88 | 80.50 | 70 | 70.50 | 83.25 |
| Legal | 80.50 | 88 | 86 | 68.25 | 78.75 | NA |
| General | 90.25 | 88 | 94 | 77 | 88.25 | 92 |
The following are the minimum qualifying marks for the written test and the PI round:
Candidates will receive a monthly basic salary of Rs. 32,795/-, as well as other perks and benefits such as DA, HRA, CCA, and others. With additional benefits, the total payment will be around 65000/INR. Other benefits include insurance coverage, medical coverage, and more.
| Particulars | Amounts |
|---|---|
| Pay Scale | Rs. 32795 -1610(14) – 55335-1745(4) – 62315 |
| Gross Monthly Salary | Rs. 65,000/-p.m. |
| Basic Pay | Rs. 32,795 (Increment Rs. 1610/-) |
| Maximum Basic Pay | Rs. 62,315 |
| Basic Pay after 14 years | Rs. 55,335 (Increment Rs. 1745/-) |
| Total Salary Per Annum | Current CTC (Cost to Company) of the Assistant Manager posted in Mumbai is approximately Rs13 lakh per annum. |
Along with the fixed pay, the GIC also provides some additional benefits/perks to its chosen candidates, such as Internet Allowance, Leave Travel Subsidy, Medical Facility, House Furnishing Allowance, Household Help Allowance, Sodexho, Personal Accident Coverage, and so on. Employees also have more opportunities for advancement and growth as a result of their work profile.
Candidates in the GIC 2024 online test need to be aware that there is a system that awards fewer points for incorrect answers. Every incorrect answer will result in a loss of one-quarter of a point in the final grade. Every time you give an answer that is incorrect, you will lose one point.
Two online tests are the first step in the GIC Assistant Manager selection process, which is then followed by a Group Discussion and an interview. The selection of the candidate will be based on their overall performance in the Written Test, the Group Discussion, and the Interview.
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