GIC Assistant Manager (Scale 1)

GIC Assistant Manager 2024 Highlights

GIC or General Insurance Corporation of India is the eleventh largest reinsurance company in the world with a wide network in India and abroad. General Insurance Corporation of India was incorporated on 22 November 1972 under the Companies Act,1956 as a private company limited and was the sole reinsurance company in the Indian insurance market until the insurance market was open to reinsurance players from abroad. Its headquarter is situated in Mumbai. Recently, GIC came out with its recruitment notification of GIC Assistant Manager (Scale 1) post for 85 vacancies in various streams like General, Hindi, Statistics, Legal, HR, Insurance, Engineering, IT, Agriculture Science, and many more.

Let’s check the details about GIC Assistant Manager recruitment 2023-24 below.

GIC Assistant Manager (Scale 1) Result Declared 

The GIC Assistant Manager (Scale 1) exam was conducted on 9th March 2024 and the results for the same have been declared. The list of selected candidates was shortlisted after group discussions and interview rounds conducted after the exam between 25th June 2024 and 1st July 2024. The selected candidates now only have to undergo a medical examination, the details of which will be sent to them. ixamBee wishes the selected candidates the best and brightest in their future careers.  

GIC Assistant Manager Notification 2024

GIC had invited applications from Indian Citizens for the recruitment of 85 Officers in the cadre of Assistant Manager (Scale I). The GIC Assistant Manager recruitment has various streams covered under it and you can apply for one stream only of your choice. If you apply to multiple applications under various streams for GIC Assistant Manager recruitment , only the last application submitted will be considered valid. The date to apply for GIC Assistant Manager will be announced once the GIC AM Notification for 2024 is announced. The GIC exam 2024 for Assistant Manager will take place after the GIC AM Exam Date is announced.

Therefore, careful examination of the GIC Assistant Manager notification 2024 is important for candidates. It ensures you don't overlook all the important details, such as GIC Assistant Manager eligibility criteria, application deadlines, and GIC Assistant Manager exam pattern & Syllabus. With complete scrutiny in this regard, candidates can go through the application process effectively and increase their chances of success in the exam.

GIC Assistant Manager Vacancy 2024

The GIC Assistant Manager recruitment is a nationwide exam, welcoming applications from eligible Indian citizens to occupy 85 Officer positions at the Assistant Manager level, designated as Scale I. The vacancies for GIC Assistant Manager are allocated based on categories, ensuring equitable distribution. This inclusive approach encourages qualified applicants from various backgrounds to apply for the exam. Doing this brings about more uniformity and inclusivity in the recruitment process. Aspirants need to do a careful study of the notification once it is released. That way, they can do a review on the application process and category-specific vacancy distribution.

GIC Assistant Manager Exam Pattern & Syllabus 2024

Ensuring foolproof success in the GIC Assistant Manager exam requires a comprehensive understanding of the GIC Assistant Manager exam pattern 2024 and related details. The selection process involves two stages: an Online Examination and Group Discussion & Personal Interview, followed by a Medical Examination. The total marks allocated for the Online Test, Group Discussion, and Interview amount to 200. Familiarizing yourself with the exam pattern is essential, along with exploring the GIC Assistant Manager marking scheme and exam language.

Additionally, a thorough grasp of the GIC Assistant Manager syllabus 2024 is imperative to avoid overlooking important details that could help in acing the exam. In addition to the syllabus, awareness of recommended GIC Assistant Manager books is needed for effective and targeted preparation.

To check your exam readiness, you can also take a look at ixamBee’s GIC AM Mock Tests.

GIC Assistant Manager Exam Dates 2024

GIC has yet to unveil the GIC Assistant Manager recruitment 2024, which will include important exam details and dates that aspirants need to know. Last year, the exam ‘s application window was from December end to mid January. The GIC Assistant Manager exam was then held on 09 March, 2024. Once the result was out on 05 June, 2024, the time has come for the last stage of the recruitment cycle, the interview. As per the official website, the interview will be held from 25 June to 01 July, 2024. Prospective candidates who want to sit for the next exam cycle need to carefully review the comprehensive GIC AM exam dates to avoid overlooking crucial details and potential regrets later. This time frame is critical for aspirants to register and prepare adequately, ensuring they are well-equipped for the Assistant Manager exam. Diligence in adhering to these dates enhances one's chances of a successful application and performance.

GIC Assistant Manager previous Year Cut-off

Given the escalating competition for government jobs, the GIC Assistant Manager exam witnesses a significant influx of candidates vying for limited positions. In this context, understanding the previous year's cut-off for the GIC Assistant Manager exam becomes imperative. Analyzing past cut-off trends provides valuable insights, aiding candidates in strategic preparation planning. It serves as a benchmark, offering a clear understanding of the competitive landscape and facilitating a more targeted and effective approach to navigate through the rigorous selection process. Refer to the table given below for the GIC Assistant Manager previous year cut-offs.

GIC Assistant Manager 2021 Cut off

GIC Assistant Manager 2021 Cut off for Medical Examination

GIC Assistant Manager 2019 Cut off

GIC Assistant Manager Online Course

To enhance your preparation and gain a competitive advantage, ixamBee presents a meticulously crafted GIC Assistant Manager Online Course. Tailored for comprehensive coverage, this GIC Assistant Manager course is designed to optimize your learning experience. Seizing every opportunity is crucial for success, and this online coaching for GIC Assistant Manager is curated by seasoned experts with extensive backgrounds in insurance, banking and finance. Benefit from their expertise to ensure thorough preparation and maximize your chances of success in the GIC Assistant Manager examination.

GIC Assistant Manager Salary:

Embarking on a career as a GIC Assistant Manager promises excellent opportunities for professional advancement through comprehensive training and developmental initiatives. With an initial basic pay of Rs. 50,925/- per month in the scale of Rs. 50,925 - 2500(14) – 85,925 - 2710(4) - 96,765, coupled with various allowances such as DA, HRA, CCA, etc., the total emoluments for a GIC Assistant Manager stand at an impressive Rs. 85,000/- per month. Additionally, the inclusion of benefits under the New Pension Scheme further enhances the overall compensation package, making it an enticing proposition for aspirants seeking financial stability and career growth.

Perks and Allowances:

In addition to the base salary, GIC Assistant Managers enjoy a range of allowances, including Newspaper/Internet Allowance, Leave Travel Subsidy, Medical Benefits, House Furnishing Allowance, Household Help Allowance, Sodexo, and Personal Accident cover. The perks extend to housing, vehicle, and computer loans at subsidized interest rates, along with interest-free advances for festivals, natural calamities, and other benefits as per regulations upon confirmation of service. Accommodation options include Corporation's/leased residences, although currently, Corporation-owned accommodations are unavailable. Lease accommodation, in line with norms, is permitted, with a current limit of Rs. 45,000/- per month in Mumbai.

Service Conditions:

Appointed candidates will be governed by the prevailing terms and conditions of service within the General Insurance Corporation of India. The positions are permanent, and upon appointment, individuals will be stationed at the Mumbai office only. However, subsequent transfers may be deemed necessary, encompassing locations across India and abroad. The assignment to the corporate office in Mumbai serves as the initial posting, emphasizing the potential for subsequent relocations based on organizational requirements.

GIC Assistant Manager Vacancy 2024

The GIC Assistant Manager recruitment 2024 has vacancies distributed pan India. Besides that vacancies are also broken up category wise also. Given below are the vacancy details of the GIC exam 2024.

* Horizontal reservation
**including shortfall vacancies

Shortfall vacancies detailed as under have been included in the above mentioned total vacancies: -

SC: Scheduled Caste; ST: Scheduled Tribe; OBC: Other Backward Classes; EWS: Economically Weaker Section; PWD: Persons with Disabilities; LD: Locomotor Disability; HI: Hearing Impairment VI: Visual Impairment; ID: Intellectual Disability; MD: Multiple Disability

GIC Assistant Manager Vacancy 2021: Stream Wise

GIC Assistant Manager Eligibility Criteria 2024

The GIC Assistant Manager recruitment enforces specific GIC AM eligibility criteria crucial to avoid rejection in subsequent stages. Non-compliance with the GIC Assistant Manager eligibility criteria 2024, as outlined in the official GIC Assistant Manager notification 2024, prohibits application submission. Adhering to guidelines, especially regarding educational qualifications and the GIC Assistant Manager age limit, is essential for a successful application. Reserved category candidates can avail age relaxation benefits in the GIC Assistant Manager exam. It is imperative to meticulously follow these criteria to ensure a smooth application process and avoid the risk of disqualification.