General Insurance Corporation of India recruitment of Assistant Managers (Scale I) – 2018

GENERAL INSURANCE CORPORATION OF INDIA
(A Government of India Company)

RECRUITMENT OF SCALE I OFFICERS

GIC Re, the ‘National Reinsurer of India’ with a global footprint, is a 5 billion USD Dollar Reinsurer and 12th largest Reinsurance Company in the world with the network in India and abroad, is looking for Young, Energetic Graduates / Post Graduates with Brilliant Academic record in the disciplines mentioned below to fill-in the positions of 25 Officers in the cadre of Assistant Manager (Scale-I) to be based in its offices in India and abroad (primarily to be posted in Head Office, Mumbai) and will be liable to be posted anywhere in India as well as abroad as per the requirement of the Corporation. To know more about GIC Re, go through the details in the website www.gicofindia.in

Applications are invited from Indian Citizens for recruitment of 25 Officers in the cadre of Assistant Manager (Scale I) from the open market.

PLEASE NOTE THE IMPORTANT DATES:

On line Registration commences from 08.05.2018
Last Date for Online Registration 29.05.2018
Payment of Application fees From 08.05.2018 to 29.05.2018
Tentative Date of online Examination June/July 2018
Downloading of call letters for examination commences from Around 10 days prior to the date of examination
Online Pre-recruitment training for SC/ST/OBC/PWD candidates 11.06.2018 TO 14.06.2018

Candidates should apply through On-Line mode only. No other means/mode of application will be accepted.

Stream No of vacancies Essential Qualification Desirable Qualification
General Stream 24 Candidate must possess the minimum qualification of a Graduate/Post Graduate in any discipline from a recognized University with at least 60% marks in either of the degree examination for General & OBC candidates and at least 55% marks for SC/ST candidates.
Hindi 1 Post Graduate in Hindi with English as one of the subjects in Graduation OR Post Graduate in English with Hindi as one of the subjects in Graduation with atleast 60% marks in either of the degree examination for General & OBC candidates and atleast 55% marks for SC/ST candidates. Certification in Translation work or work experience in translation
Total 25

THE CANDIDATE CAN APPLY ONLY FOR ONE STREAM OF HIS/HER CHOICE. In case multiple applications across or within discipline, only the last application submitted will be considered valid and fee against all other applications will be forfeited.

The candidate must possess the required qualification and additional qualification with the University / Institution Certificate as on 08.05.2018

The candidate applying for any stream must possess computer proficiency.

Number of vacancies and number of reserved vacancies may increase or decrease, depending upon the actual vacancies at the time of final selection and availability of successful candidates.

VACANCIES: Vacancies (including backlog/shortfall vacancies)

General SC ST OBC PWD*
(HI / VI / OC / ID / MD)
13 3 1 8**# 1 25

* Horizontal reservation – HI – Hearing impaired, VI – Visually impaired, OC – Orthopaedically challenged, ID – Intellectual Disability, MD – Multiple disability
**Candidates belonging to OBC category but coming in the “CREAMY LAYER’ are not entitled to OBC reservation and age relaxation.
# Backlog/shortfall vacancies detailed as under have been included in the above mentioned total vacancies:

SC ST OBC PWD
(HI / VI / OC)
Total
Shortfall 2 2
Backlog

Age Criteria: Age (As on 08.05.2018)

Minimum age : 21 years.
Maximum age : 30 years

Candidate should have been born not earlier than 09.05.1988 and not later than 08.05.1997 both days inclusive.

Relaxation in upper age limit:

Schedule Caste / Scheduled Tribe 5 Years
Other Backward Class (eligible for reservation) 3 Years
Person with Disability 10 Years
Ex-Servicemen / Disabled Ex-Servicemen Actual period of service rendered in the defence forces + 3 years (8 years for Disabled Ex-Servicemen belonging to SC/ST) subject to a maximum age limit of 45 years
Widows, Divorced women and women legally separated from their husbands who have not remarried 9 years
Persons ordinarily domiciled in the State of Jammu & Kashmir during the period 1-1-80 to 31-12-89 5 years
Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.) 8 years

Emoluments and Benefits
Basic Pay Rs. 32,795/- per month in the scale of Rs. 32795 – 1610(14) – 55335 -1745(4) – 62315 and other admissible allowances like DA, HRA, CCA, etc. The total emoluments will be about Rs.53400/-p.m. plus other benefits which are New Pension Scheme and Newspaper /Internet Allowance Leave Travel Subsidy, Medical Benefits, Personal Accident cover, housing and vehicle loans with subsidized interests, and interest free advances for festival, natural calamities and any other benefits as per rules and on confirmation of service in the Corporation. The officers are also entitled for Corporation’s / leased accommodation as per norms. (Presently Corporation owned accommodations are not available, whereas lease accommodation will be permitted as per norms). The present lease accommodation limits at Mumbai is Rs.20,000/- per month.

GIC Re provides excellent opportunity for career growth in the highly specialized area under which the Corporation is operating, through training and development interventions within the country as well as overseas.

Selection Procedure:
The selection for the above post shall be on the basis of shortlisting of the candidates based on Online Test and performance in Group Discussion and interview. The total marks for Written Test, Group Discussion and Interview will be 200.

Competitive online examination will be held tentatively in the month of June/July 2018.The candidate may choose any one of the following centres, which must be indicated in the Application Format clearly. Corporation also reserves the right to hold the written examination at some and not all the examination centres listed below depending upon the number of candidates and other relevant factors.

HOW TO APPLY: Candidates satisfying the eligibility conditions have to apply through online registration system of GIC Re i.e. https://gicofindia.in

Online submission of the applications will be allowed on the website between 09.05.2018 to 29.05.2018. No other means/mode of application shall be accepted.

While applying on-line, candidate should have the following readily available.

  • E-mail ID (which must be valid for at least one year from the date of application)
  • Mobile No (which must be valid for at least one year from the date of application)
  • Non refundable amount of 500/- (plus GST @ 18%) as Processing and Examination fees. (Rupees Five Hundred Only) has to be paid on line only as per instruction given in above website upon completion of registration and application. (Candidates belonging to SC/ST category and PH candidates and the employees of GIC and GIPSA Member Companies are exempted from the fees). Demand Draft/ Money Order / Postal Order or any other mode of payment is not acceptable.
  • A soft copy of recent (not more than 1 month old) colour passport size photograph of the full face (front view) with the file size not more than 300 kb.
  • Online payment of Processing and Examination fees (if applicable) and valid e-mail ID, Mobile Number & Photograph are mandatory fields without which applications will not be registered.

Download the notification along with application format:

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