The General Insurance Corporation of India (GIC) has announced two significant opportunities for 2024: one for Actuarial Apprentices and the other for Assistant Manager (Scale I Officers). Both roles offer tremendous potential for career growth and a pathway into the prestigious GIC, a leader in India’s reinsurance sector. This article will provide a comprehensive breakdown of both opportunities, covering eligibility criteria, qualifications, application processes, and other key details, ensuring that you have all the information needed to apply successfully.
GIC Notification 2024: Actuarial Apprenticeship Program
GIC is seeking fresh graduates or postgraduates with a passion for actuarial science to join their Actuarial Apprenticeship Program. This program aims to provide hands-on experience in the field, with a focus on enabling apprentices to clear at least six actuarial subjects within two years.
Key Highlights of the Actuarial Apprenticeship Program
- Stipend: Apprentices receive a competitive monthly stipend of INR 30,000 during the first year, which increases to INR 35,000 in the second year.
- Duration: The apprenticeship spans two years, during which apprentices are required to pass six actuarial exams.
- Selection Process: The selection process involves either a personal interview or a group discussion.
- Application Deadline: All applications must be submitted via email to Recruitment-AA@gicre.in by July 8, 2024.
Eligibility Criteria for Actuarial Apprenticeship
To be eligible for the GIC Actuarial Apprenticeship, candidates must meet specific educational and age-related criteria. Below is a detailed overview:
Educational Qualifications:
- Bachelor’s or Master’s Degree in Science (with Mathematics or Statistics) or Commerce (with Statistics or Actuarial Science) with at least 60% marks.
- Alternatively, candidates with a Bachelor’s Degree in Arts with Actuarial Science (minimum of 60% marks) or a Post-Graduate Diploma in Actuarial Science (minimum of 50% marks) can apply.
- For SC/ST candidates, there is a 10% relaxation in the required marks.
Age Criteria:
- Applicants should be aged 21 to 27 years. They must have been born between June 1, 1997, and June 1, 2003.
- There is an age relaxation of 3 years for OBC candidates and 5 years for SC/ST candidates. For PWD candidates, age relaxation follows government guidelines.
How to Apply for GIC Actuarial Apprenticeship
Follow these steps to apply for the GIC Actuarial Apprenticeship:
- Visit the official GIC Re website (www.gicre.in).
- Navigate to the careers or recruitment section.
- Click on the link related to the Actuarial Apprenticeship Program.
- Review the eligibility criteria and ensure you meet the required qualifications.
- Gather necessary documents, such as educational certificates, actuarial exam results, etc.
- Fill out the application form accurately.
- Submit the application form online or via email to Recruitment-AA@gicre.in.
- Ensure you submit your application by July 8, 2024.
GIC Assistant Manager Recruitment 2024: Overview, Eligibility, and Process
The General Insurance Corporation of India (GIC) is also recruiting Assistant Managers (Scale I Officers) for 2024. This is a coveted position within GIC, offering a prestigious entry point into the company. Below is an in-depth look at the GIC Assistant Manager recruitment process.
Key Highlights of GIC Assistant Manager Recruitment 2024
- Vacancies: A total of 85 vacancies are available for Assistant Manager (Scale I Officers) in various streams.
- Application Period: The application process began on December 23, 2023, and ended on January 12, 2024.
- Selection Process: The recruitment process consists of two stages:
- Online Written Examination
- Personal Interview
- Exam Date: The online examination was held on March 9, 2024, with Group Discussion (GD) and Interviews scheduled between June 25, 2024, and July 1, 2024.
- Result Announcement: The result for Assistant Managers was declared on June 5, 2024.
GIC Assistant Manager Eligibility Criteria 2024
Before applying for the position of Assistant Manager, candidates must ensure they meet the age, educational qualification, and nationality requirements.
Age Limit
- The minimum age to apply for the Assistant Manager role is 21 years, and the maximum age is 30 years.
- Age relaxation is provided as follows:
- SC/ST candidates: 5 years
- OBC candidates: 3 years
- PWD candidates: 10 years
- Ex-servicemen: Up to 45 years of age
- Widows/divorced women/legal separations: Up to 9 years
Educational Qualification
The required educational qualifications vary according to the specific stream:
- General Stream: Graduation in any discipline with a minimum of 60% marks (55% for SC/ST).
- Finance/Accounts: A B.Com Degree with at least 60% marks (55% for SC/ST) or completion of the final examination of the Institute of Chartered Accountants of India.
- Legal Stream: LLB/BL Degree with a minimum of 60% marks (55% for SC/ST).
- IT Stream: B.E./B.Tech in Computer Science/IT/ECE with 60% marks (55% for SC/ST), or MCA with 60% marks (55% for SC/ST).
- Hindi Stream: Postgraduate in Hindi with English as one of the subjects at Graduation level or vice versa, with a minimum of 60% marks (55% for SC/ST).
- Actuary Stream: Graduation in Mathematics or Statistics with a minimum of 60% marks (55% for SC/ST) and having passed at least 7 papers of the Institute of Actuaries of India or Institute and Faculty of Actuaries, London.
How to Apply for GIC Assistant Manager 2024
Candidates must follow the steps below to apply for the Assistant Manager role:
- Visit the official GIC website (www.gicre.in).
- Navigate to the careers section and locate the Assistant Manager recruitment link.
- Fill out the online application form with accurate details.
- Upload required documents, including educational certificates, photographs, and signature.
- Pay the application fee (if applicable).
- Submit the completed application before the deadline.
- Download the admit card once it is made available.
- Appear for the written exam and subsequent GD/Interview stages as per the recruitment process.
GIC Cut-Off, Results, and Key Dates for Assistant Manager Recruitment 2024
Candidates should be aware of the key dates and cut-off criteria for GIC Assistant Manager 2024 recruitment:
- GIC Cut-Off: The cut-off for each stream will be published on the official website after the written examination.
- Results: The GIC Assistant Manager Result 2024 was released on June 5, 2024, and can be accessed on the official GIC website.
- Interview Dates: Interviews for shortlisted candidates took place between June 25, 2024, and July 1, 2024.
Conclusion
The GIC Recruitment 2024 presents an incredible opportunity for both aspiring Actuarial Apprentices and candidates vying for the prestigious Assistant Manager positions. Whether you’re at the start of your actuarial career or seeking a leadership role as an Assistant Manager, GIC offers a robust platform for career advancement.
For Actuarial Apprentices, the program provides the perfect mix of learning and earning, while for Assistant Managers, GIC promises a rewarding career with excellent growth prospects both within India and internationally. Don’t miss your chance to apply for these highly competitive roles—ensure that all your documents and qualifications are in order, and meet the application deadlines to take the next step in your career.
