General Insurance Corporation of India (GIC) Assistant Manager Recruitment Exam 2024 - An Overview
• Organisation: General Insurance Corporation of India (GIC)
• Post: Assistant Manager
• Cadre: Officers Cadre
• Posting: All India
• Exam Conducted by: Institute of Banking Personnel Selection (IBPS)
• Vacancies: 110+ vacancies
• Type: Permanent Job
• Eligible: Both Male and Female candidates.
• Last Date: 19/12/2024
IMPORTANT DATES:
Date of Notification: 04/12/2024
Application Begin: 04/12/2024
Last Date to Apply Online: 19/12/2024
Last Date Fee Payment: 19/12/2024
Exam Date: 05/01/2025
APPLICATION FEES:
Gen/OBC/EWS: ₹1,000
SC/ST/PH: ₹0 (Nil)
All Category Female: ₹0 (Nil)
POSTS & ELIGIBILITY:
1. GENERAL
• Eligibility: Graduation with 60% (55% for SC/ST candidates)
• Desirable: Post Graduation/MBA
• Vacancies: 18
2. LEGAL
• Eligibility: Bachelor Degree in Law (LLB/Integrated) with 60% (55% for SC/ST candidates)
• Desirable: LLM/Experience in Civil/Cyber
• Vacancies: 9
3. HUMAN RESOURCE (HR)
• Eligibility: Graduation with 60% (55% for SC/ST candidates), AND, Post Graduation in HRM/Personnel Management.
• Vacancies: 6
4. ENGINEERING
• Eligibility: Bachelor’s degree (BE/BTech) in Civil/Aeronautical/Marine/Mechanical/Electrical with 60% (55% for SC/ST candidates).
• Desirable: M.E/M.Tech/MS/Experience in respective stream
• Vacancies: 5 (Marine - 1, Aeronautical - 1, Mechanical - 1, Civil - 1, Electrical - 1).
5. INFORMATION TECHNOLOGY (IT)
• Eligibility:
(i) BE/BTech in Computer Science/Information Technology/Electronics & Electrical/Electronics & Telecommunications/Electronics & Communication with 60% (55% for SC/ST candidates), OR,
(ii) Graduation with 60% (55% for SC/ST candidates), AND, Master in Computer Application (MCA) with 60% (55% for SC/ST candidates).
• Desirable: Post Graduation/Experience in IT projects in respective fields.
• Vacancies: 22
6. ACTUARY
• Eligibility:
(i) Graduation in any discipline with 60% (minimum 55% for SC/ST candidates), AND,
(ii) Candidates should have passed minimum 7 papers of Institute of Actuaries Society of India or Institute and Faculty of Actuaries, London out of which CS2 is compulsory.
• Vacancies: 10
7. INSURANCE
• Eligibility:
(i) Graduation in any discipline with 60% (minimum 55% for SC/ST candidates), AND,
(ii) Post Graduate Degree/diploma in General Insurance/Risk Management/Life Insurance/FIII/FCII.
• Vacancies: 20
8. MEDICAL (MBBS)
• Eligibility:
(i) MBBS degree with 60% (minimum 55% for SC/ST candidates), AND,
(ii) The candidate must be registered with the Indian Medical Association, and the candidates should have finished their internship under MBBS degree on or before 01-11-2024.
• Vacancies: 02
9. FINANCE
• Eligibility: BCom degree with 60% (minimum 55% for SC/ST candidates),
• Desirable: MBA Finance/CFA/CA/CMA/MCom
• Vacancies: 18
AGE LIMIT (as on 01/11/2024):
• Minimum: 21 years
• Maximum: 30 years
• Age relaxation in the Upper Age Limit will be provided to:
1. OBC-NCL: 03 years
2. SC/ST: 05 years
3. Physically Handicapped: 10 years
4. Ex-servicemen: Actual period of service rendered in the defence forces + 3 years
5. Widows and Divorced Women (not remarried): 9 years
6. Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.): 8 years
SALARY:
• Pay Scale: 50925-2500(14)-85925-2710(4)-96765
• Basic Pay: ₹50,925
• Allowances: Dearness Allowance (DA), House Rent Allowance (HRA), Grade Allowance, etc.
• Perquisites: Medical Reimbursement, Leave Travel Concession, Canteen, Newspaper/Internet Allowance, Household Help Allowance, Reimbursement of Monthly Conveyance, Mobile & Digital Services, Leave encashment, etc.
• Deductions: Defined Contribution Pension Scheme, Income Tax, Professional Tax, etc.
• Gross Salary: ₹85,000 approx.
• NET (In-hand Salary): ₹75,000 approx.
POSTING:
At the time of joining, initial posting will be done in the Corporate Office in Mumbai only. After that, you may be transferred to anywhere in India or abroad, as deemed necessary.
PROBATION PERIOD: Candidates will work in a probationary period of at least 01 year, which can be further extended by 01 more year.
GUARANTEE BOND:
Before joining as probationer, the selected candidates will be required to give an undertaking to serve the Company for a minimum period of four years including probation period. In the event of their resigning from the Company before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the length of service rendered.
BOND PERIOD: 4 years
BOND AMOUNT: One year Gross Salary (₹85,000 x 12 = ₹10,20,000)
SELECTION PROCESS:
Selection to the service will be done in two stages:
A. Online Written Test
B. Group Discussion & Interview
NOTE: For MBBS (Medical), there will be no online test, and selection will be done only on the basis of GD & Interview.
A. Online Written Test:
It consists of three parts:
1. Part-A: It will be Objective Type, and will be different for Generalist & Specialist Posts.
• For General: Higher Order Reasoning Ability/Critical Thinking: 40 questions (40 marks)
• For Specialist: Technical and Professional Knowledge Test in the relevant discipline: 40 questions (40 marks)
2. Part-B: Objective Test.
• It will be same for both General & Specialist posts.
• It will contain questions from:
(i) Reasoning: 20 questions (20 marks)
(ii) English Language: 25 questions (25 marks)
(iii) General Awareness: 20 questions (20 marks)
(iv) Numerical Ability & Computer Literacy: 15 questions (15 marks)
3. Part-C: Descriptive Test.
• It will be same for both General & Specialist posts.
• English Language – Essay, precis and Comprehension: 3 questions (30 marks).
TOTAL: 150 marks
TOTAL TIME: 150 minutes (30 minutes for PART A, 60 minutes for Part B and 60 minutes for Part C).
Negative Marking: One-fourth (-0.25 marks).
B. Group Discussion & Interview
• Group Discussion (GD): 20 marks
• Interview: 30 marks
TOTAL: 50 marks
FINAL SELECTION:
Final Selection will be done on the basis of marks scored in both Online Test and GD & Interview.
GRAND TOTAL: 150 + 50 = 200 marks.
That's all about the General Insurance Corporation of India (GIC) Assistant Manager Recruitment Exam 2024. For more such informative updates, keep visiting this blog!
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