GIC Recruitment 2024: Exam Date(Soon), Notification(Out), Eligibility, Application

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.


GIC Recruitment Highlights 2024

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.

GIC Notification 2024

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.


GIC Exam Dates 2024

EventsDates (Out)
Application Start22nd December 2023
Apply Online last date (Actuarial Apprentices)12th January 2024
Last Date for Pay Fees12th January 2024
Exam DateFebruary 2024

GIC Vacancy 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]
CategoriesVacancies
UR35
SC12
ST06
OBC26
EWS06
PWD* (HI/VI/OC/ID/MD)03
Total85
GIC Assistant Manager Vacancy 2024 [Stream-wise]
Streams/DisciplinesVacancies
General16
Hindi01
Statistics06
Economics02
Legal07
HR06
Engineering11
IT09
Actuary04
Insurance17
Medical (MBBS)02
Hydrologist01
Geophysicist01
Agriculture Science01
Natural Science01
Total85

GIC Recruitment Eligibility Criteria 2024

Candidates applying for GIC positions must meet the authority’s eligibility requirements. The following are the criteria:

Educational Qualifications of the GIC in 2024:

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.

GIC Age Limit 2024

PostMinimum ageMaximum age
Assistant manager21 years30 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

GIC Application Form 2024

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:

  • Step 1: Go to GIC 2024’s official website and click on “apply online.”
  • Step 2: First, create an account by clicking on “new registration.”
  • Step 3: Fill out the form with your name, email address, and phone number.
  • Step 4- After clicking submit,’ the system will generate an ID and password for you.
  • Step 5- ‘Login’ through the same, and fill in the required information before clicking save and next.
  • Step 6- Upload all required documents, including signatures and photographs.
  • Step 7: Select ‘fee payment’ and complete the form after payment.
  • Step 8: Keep it for future use.

Fees for GIC applications in 2024:

The following are the specifics:

CategoryApplication Fees
All categoryINR 1000/ +18% GST
Relevant Links
IBPS RRB IPPB Recruitment NHB Recruitment
IBPS PO SBI PO SBI SO

GIC Admit Card 2024

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.

  • Step 1: Go to GIC’s official website.
  • Step 2: Go to the ‘candidate tab’ and log in with your registration number and password.
  • Step 3: The GIC 2024 call letter will appear.
  • Step 4: Download the call letter and print it out for future reference.

GIC Exam Pattern 2024

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:

  • The GIC exam for the 2024-23 session will be divided into two phases: Phase I and Phase II.
  • It is divided into three sections: Part A, Part B, and Part C.
  • Parts A and B will be objective, while Part C will be descriptive in nature.
  • There will be 123 questions in total, with a total score of 150.
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
  • The pattern will be the same for the Hindi stream.
  • There will be a total of 105 questions, with a total score of 150.
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
  • Phase II will consist of a round of personal interviews.
  • It will be completed in a non-interactive manner.
  • It is carried out in order to assess the candidate’s professional knowledge.

GIC Recruitment Syllabus 2024

The GIC 2024 exam syllabus is available on the exam’s official website. The following is a detailed syllabus:

PartTopics
Part A & BGeneral Awareness
Reasoning Ability
Technical and Professional Knowledge Test
Computer Knowledge
English/ Hindi Language
Quantitative Aptitude
Part CComprehension
Precis
Translation
Essay Writing

GIC Topic Wise Syllabus 2024

SubjectsTopics
ReasoningStatement 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 AbilityMarket 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 AwarenessGeneral Polity
Neighboring Countries of India
Sports
Culture
Indian Constitution
History
Geography
Economics
Inventions & Discoveries
Scientific Research
English LanguageSentence formation
complete the sentence
Ordering
Error spotting
Usage of words
Preposition
Synonyms & Antonyms
Cloze Test
Reading Comprehension
Conjunctions
Hindi languageArticles
Sentence Rearrangement
Idioms & Phrases
Tenses
Comprehension
Voice
Translation
Antonyms, etc.
Synonyms
Grammar

GIC Recruitment Selection Process 2024

The procedure consists of two stages: a written exam and a Pi round. It goes like this:

  • The written exam is the first phase.
  • Candidates must pass the written exam (online exam) with a minimum score.
  • After that, they’ll move on to Phase II.
  • The PI round, also known as the personal interview round, is the second phase.
  • They will participate in a GD, or group discussion, as well as a personal interview.
  • After passing all of the stages, the candidates will be finalized under the GIC board.

GIC Answer Key 2024

The GIC usually releases the answer key on the official website only 2-3 weeks after the examination. The steps below should be followed:

  • Step 1: 1st, go to the official website.
  • Step 2: Navigate to the ‘answer key’ tab.
  • Step 3: Fill in the required information.
  • Step 4: Press the’submit’ button.
  • Step 5: Select ‘view answer key’ from the drop-down menu.
  • Step 6- The answer key will appear on the screen; save it to your computer for future use.

GIC Recruitment Result 2024

The outcome will be made public on the official website. To obtain the result, follow the steps below:

  • Step 1: 1st, go to the official website.
  • Step 2: Go to ‘Result 2024 notification’ and fill in your information.
  • Step 3: The outcome will be displayed on the screen.
  • Step 4- Review the results against the cutoff and save them for later use.

GIC Cut-Off 2024

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:

  • General & OBC- 60%
  • SC/ ST- 50%

GIC Salary Structure 2024

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.

Conclusion

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.


GIC Recruitment FAQs

u003cstrongu003eu003cstrongu003eDoes GIC have a negative marking?u003c/strongu003eu003c/strongu003e

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.

u003cstrongu003eu003cstrongu003eHow do I become a GIC Assistant Manager?u003c/strongu003eu003c/strongu003e

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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