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GIC Recruitment: 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 is accepting applications for Actuarial Apprentices positions. The deadline to apply for the GIC Exam is May 6, 2023.
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
| Admissions Open for 2023 | |
| Karnavati University Admissions Open | Apply |
| Manipal University Admissions Open | Apply |
| Amrita University Admissions Open | Apply |
| NIIT University Admissions Open | Apply |
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GIC Recruitment Highlights 2023
| 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, 2023 |
| 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 2023
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 2023 exam notification. The exam will last 150 minutes in total, with each phase lasting 150 minutes. The official website will soon have more information.
| Admissions Open for 2023 | |
| Karnavati University Admissions Open | Apply |
| Manipal University Admissions Open | Apply |
| Amrita University Admissions Open | Apply |
| NIIT University Admissions Open | Apply |
GIC Exam Dates 2023
| Events | Dates (Tentative) | Previous Year Dates |
|---|---|---|
| Application Start | March 2023 | March 11, 2021, |
| Apply Online last date (Actuarial Apprentices) | May 06, 2023 (Extended) | March 26, 2021, |
| Last Date for Pay Fees | March 2023 | March 26, 2021, |
| Exam Date | April/May 2023 | August 18, 2021, |
GIC Vacancy 2023
The total number of vacancies for the year 2023 is not yet available on the official website. However, the following are the expected details of vacancies:
| Post | Vacancies (expected) |
|---|---|
| Assistant manager | 44 (same as the year 2021) |
GIC Recruitment Eligibility Criteria 2023
Candidates applying for GIC positions must meet the authority’s eligibility requirements. The following are the criteria:
Educational Qualifications of the GIC in 2023:
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 2023
| 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 |
| Admissions Open for 2023 | |
| Karnavati University Admissions Open | Apply |
| Manipal University Admissions Open | Apply |
| Amrita University Admissions Open | Apply |
| NIIT University Admissions Open | Apply |
GIC Application Form 2023
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 2023’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 2023:
The following are the specifics:
| Category | Application Fees |
|---|---|
| All category | INR 850/ +18% GST |
| Relevant Links | ||
|---|---|---|
| IBPS RRB | IPPB Recruitment | NHB Recruitment |
| IBPS PO | SBI PO | SBI SO |
GIC Admit Card 2023
GIC 2023 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 2023 call letter will appear.
- Step 4: Download the call letter and print it out for future reference.
GIC Exam Pattern 2023
The conducting authority determines the exam pattern for GIC Recruitment 2023. 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 2023-23 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.
- The following topics are discussed: Union Budget 2023, Current Economic Situation, Atmanirbhar Bharat Abhiyan, Economic Impact of Covid-19, India’s Global Situation.
| Admissions Open for 2023 | |
| Karnavati University Admissions Open | Apply |
| Manipal University Admissions Open | Apply |
| Amrita University Admissions Open | Apply |
| NIIT University Admissions Open | Apply |
GIC Recruitment Syllabus 2023
The GIC 2023 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 |
GIC Topic Wise Syllabus 2023
| 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 |
GIC Recruitment Selection Process 2023
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 2023
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 2023
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 2023 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 2023
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%
| Admissions Open for 2023 | |
| Karnavati University Admissions Open | Apply |
| Manipal University Admissions Open | Apply |
| Amrita University Admissions Open | Apply |
| NIIT University Admissions Open | Apply |
GIC Salary Structure 2023
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
Candidates in the GIC 2023 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.
The overall difficulty level of the paper for the 2019 GIC Assistant Manager exam was quite moderate, according to the analysis of the results of the exam.
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.