GIC Assistant Manager

About GIC Assistant Manager Exam

  • Overview
  • Salary Info
  • Exam Pattern
  • Eligibility
  • Exam Dates
  • Vacancies
  • Cutoff marks
  • Application Fee

GIC Assistant Manager Overview

GIC or GIC Re refers to the “General Insurance Corporation of India”.

GIC Re, the ‘Indian Reinsurer with a global footprint, is a 5 billion USD Reinsurer and 10th largest Reinsurance Company in the world with the network in India and abroad.

To know more about GIC Re, go through the details in the website www.gicofindia.in

GIC conducts this recruitment exam from time to time the vacancies for ‘Assistant Managers (i.e. Generalist & Specialist) Scale I’ posts. GIC Assistant Manager is one of the most sought after Insurance jobs in the Indian Insurance sector.

GIC Assistant Manager Salary

Candidates selected as GIC Assistant Manager are eligible for a Basic pay of 32,795/-per month in the pay 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.59000/-p.m. plus other benefits which are the New Pension Scheme and Newspaper /Internet Allowance Leave Travel Subsidy, Medical Benefits, House Furnishing Allowance, Household Help Allowance, Personal Accident cover, housing and vehicle loans with subsidized interests, and interest-free advances for festivals, natural calamities, and any other benefits as per rules and on confirmation of service in the Corporation.

The officers are also entitled to 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.30,000/- per month.

GIC Assistant Manager Exam Pattern & Selection Procedure

GIC Assistant Manager selection procedure consists of the following stages:

  1. Online Written Exam
  2. Group Discussion and Interview

The Total marks for the Written test, Group Discussion, and Interview will be 200.

 

Stage 1 – GIC Assistant Manager Online Written Examination

For Specialists Other Than Hindi Officer

Parts Topics Number of Questions Max. Marks
PART A (Objective) Technical & Professional Knowledge Test in the relevant discipline 40

 

40

 

PART B (objective)

 

Test of Reasoning 20 20
Test of English Language 20 20
Test of General Awareness 20 20
Test of Numerical Ability & Computer Literacy 20 20
Part C (Descriptive) Test in the English Language – Essay, precise and Comprehension 03 30
TOTAL 123 150

For Hindi Officer:

 Part Topics Number of Questions  Max. Marks 
PART A (Objective) Technical & Professional Knowledge Test in the relevant discipline= test of Hindi and English grammar/ vocabulary  + knowledge of  Act & rules regarding Official language implementation 40 40
PART B (Objective)

 

Test of Reasoning 20 20
Test Of translation (English to Hindi and Hindi to English) objective type. 20 20
Test of General Awareness 20 20
Part C (Descriptive)  Test of Hindi Language Essay, precise and

Comprehension & Hindi & English grammar + translation from English to Hindi and Hindi to English (Text) + Hindi typing ,UNICODE

05 50
Total 105 150

Total Test time – 150 minutes.

Part A – 30 Minutes

Part B – 60 Minutes

Part C – 60 Minutes

Candidates will be shortlisted for Group Discussion and interview on the basis of overall marks scored in the online examination.

Minimum qualifying marks in the online test – 60% for General & OBC and 50% for SC /ST.
Minimum qualifying marks for the overall selection process (online test, GD and Interview) – 60% for General & OBC and 50% for SC /ST.

Stage 2 – GIC Assistant Manager GD & Interview

Based on your performance in the written examination, you will be called for a GD & Interview.

The minimum qualifying marks for Group Discussion & Interview is 60% marks (in the total marks, and also in each of Part A, Part B, and Part C).

 

 

GIC Assistant Manager Eligibility Criteria

There are 2 eligibility criteria that one must fulfill in order to be eligible for GIC Assistant Manager Exam 2019.

  1. Age limit
  2. Educational Qualifications

Age Limit for GIC Assistant Manager (as on 21st August 2019)

  • Minimum Age – 21 years
  • Maximum Age – 30 years
  • Candidate should have been born not earlier than 22.08.1989 and not later than 21.08.1998 both days
    inclusive

Relaxations in Upper Age Limit

  • SC/ST – 5 years
  • OBC – 3 years
  • PwD (Person with Disabilities) – 10 years
  • Ex-servicemen – Actual period of service + 3 years (max 45 years)
  • Widow, Divorced, Legally separated and not remarried Women – 9 years
  • Persons ordinarily domiciled in J&k during 1-1-80 and 31-12-89 – 5 years
  • Existing confirmed employees of Public sector General Insurance Companies ( GIC & Agriculture Insurnace company of India Ltd) – 8 years

Note: In case of a candidate who is eligible for relaxation under more than one of the above categories, the age relaxation will be available on a cumulative basis subject to the maximum age not exceeding 45 years

Educational Qualifications for GIC Assistant Manager (as on 21st August 2019)

Graduates in Engineering/Finance/Commerce/Law/IT etc, with at least 60% marks in degree exam for General & OBC candidates & at least 55% marks for SC/ST candidates.

The Educational qualifications required vary based on the stream of the vacancy. Check the Vacancies section for more details.

 

GIC Assistant Manager Exam Dates 2019

Below are the exam dates for the GIC Assistant Managers 2019 exam.

Exam Event Important Dates
Start Date of Online Application 21st August 2019
Last Date of Online Application 11th September 2019
Payment of Application Fees 21st August 2019- 11th September 2019
GIC Exam Dates 2019 5th October 2019
Start Date of Download of Admit Card 10 days prior to the date of examination
Pre-Exam Training for SC/ST/OBC/PWD 23rd September 2019 – 26th September 2019

GIC Assistant Manager Vacancies 2019

As per the GIC AM 2019 notification, there are a total of 25 vacancies.

General

EWS

SC

ST

OBC

PWD
(LD/HI/VI/MD/SLD)

Total

11

2

3

2*

7*

1

25

*Includes 1 shortfall of ST and 1 shortfall of OBC.

GIC Assistant Manager Detailed Vacancies

Stream No of vacancies Qualification Required Desirable additional
Qualification
FINANCE
/ACCOUNTS
9 Candidate must possess B. Com Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark Chartered
Accountant
(CA)/
Cost Accountant
(ICWAI)/M Com
INFORMATION
TECHNOLOGY
(Software)
2 B.E. / B. Tech. in IT OR Computer Science OR MCA with at least 60% marks for General and OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark *Desirable skill
set mentioned
below
LEGAL 6 Candidate must possess LLB/BL degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark. LLM/Experience
AUTOMOBILE
ENGINEERING
1 Candidate must possess BE/B TECH Degree in Automobile Engineering from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark           –
CIVIL
ENGINEERING
1 Candidate must possess BE/B TECH Degree in Civil Engineering from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the
prescribed benchmark.
          –
AERONAUTICAL
ENGINEERING
2 Candidate must possess BE/B TECH Aeronautical Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark.          –
MARINE
ENGINEERING
1 Candidate must possess BE/B TECH Marine Engineering Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark.           –
COMPANY
SECRETARY
2 ACS/FCS from ICSI and Graduation from a recognized university with at least 60% marks in case General & OBC category candidates and at least 55% marks for SC/ST candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark.           –
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 at least 60% marks in the degree examination for General & OBC candidates and at least 55% marks for SC/ST candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark. Certification in
Translation work
or work
experience in
translation
Total 25

GIC Assistant Manager Cutoff marks

Below are the GIC Assistant Manager Cutoff marks for each category:

SC

ST

OBC

General

94.25

86.50

98.25

100.50

GIC Assistant Manager Application Fee

 

Sr. No Exam Events  Important Dates
1 For General & OBC Category Rs. 500/- (plus GST @ 18%)
2 For SC/ST category and PH candidates and the employees of GIC and GIPSA Member Companies No Fees

About GIC Assistant Manager Exam

GIC Assistant Manager Overview

GIC or GIC Re refers to the “General Insurance Corporation of India”.

GIC Re, the ‘Indian Reinsurer with a global footprint, is a 5 billion USD Reinsurer and 10th largest Reinsurance Company in the world with the network in India and abroad.

To know more about GIC Re, go through the details in the website www.gicofindia.in

GIC conducts this recruitment exam from time to time the vacancies for ‘Assistant Managers (i.e. Generalist & Specialist) Scale I’ posts. GIC Assistant Manager is one of the most sought after Insurance jobs in the Indian Insurance sector.

GIC Assistant Manager Salary

Candidates selected as GIC Assistant Manager are eligible for a Basic pay of 32,795/-per month in the pay 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.59000/-p.m. plus other benefits which are the New Pension Scheme and Newspaper /Internet Allowance Leave Travel Subsidy, Medical Benefits, House Furnishing Allowance, Household Help Allowance, Personal Accident cover, housing and vehicle loans with subsidized interests, and interest-free advances for festivals, natural calamities, and any other benefits as per rules and on confirmation of service in the Corporation.

The officers are also entitled to 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.30,000/- per month.

GIC Assistant Manager Exam Pattern & Selection Procedure

GIC Assistant Manager selection procedure consists of the following stages:

  1. Online Written Exam
  2. Group Discussion and Interview

The Total marks for the Written test, Group Discussion, and Interview will be 200.

 

Stage 1 – GIC Assistant Manager Online Written Examination

For Specialists Other Than Hindi Officer

Parts Topics Number of Questions Max. Marks
PART A (Objective) Technical & Professional Knowledge Test in the relevant discipline 40

 

40

 

PART B (objective)

 

Test of Reasoning 20 20
Test of English Language 20 20
Test of General Awareness 20 20
Test of Numerical Ability & Computer Literacy 20 20
Part C (Descriptive) Test in the English Language – Essay, precise and Comprehension 03 30
TOTAL 123 150

For Hindi Officer:

 Part Topics Number of Questions  Max. Marks 
PART A (Objective) Technical & Professional Knowledge Test in the relevant discipline= test of Hindi and English grammar/ vocabulary  + knowledge of  Act & rules regarding Official language implementation 40 40
PART B (Objective)

 

Test of Reasoning 20 20
Test Of translation (English to Hindi and Hindi to English) objective type. 20 20
Test of General Awareness 20 20
Part C (Descriptive)  Test of Hindi Language Essay, precise and

Comprehension & Hindi & English grammar + translation from English to Hindi and Hindi to English (Text) + Hindi typing ,UNICODE

05 50
Total 105 150

Total Test time – 150 minutes.

Part A – 30 Minutes

Part B – 60 Minutes

Part C – 60 Minutes

Candidates will be shortlisted for Group Discussion and interview on the basis of overall marks scored in the online examination.

Minimum qualifying marks in the online test – 60% for General & OBC and 50% for SC /ST.
Minimum qualifying marks for the overall selection process (online test, GD and Interview) – 60% for General & OBC and 50% for SC /ST.

Stage 2 – GIC Assistant Manager GD & Interview

Based on your performance in the written examination, you will be called for a GD & Interview.

The minimum qualifying marks for Group Discussion & Interview is 60% marks (in the total marks, and also in each of Part A, Part B, and Part C).

 

 

GIC Assistant Manager Eligibility Criteria

There are 2 eligibility criteria that one must fulfill in order to be eligible for GIC Assistant Manager Exam 2019.

  1. Age limit
  2. Educational Qualifications

Age Limit for GIC Assistant Manager (as on 21st August 2019)

  • Minimum Age – 21 years
  • Maximum Age – 30 years
  • Candidate should have been born not earlier than 22.08.1989 and not later than 21.08.1998 both days
    inclusive

Relaxations in Upper Age Limit

  • SC/ST – 5 years
  • OBC – 3 years
  • PwD (Person with Disabilities) – 10 years
  • Ex-servicemen – Actual period of service + 3 years (max 45 years)
  • Widow, Divorced, Legally separated and not remarried Women – 9 years
  • Persons ordinarily domiciled in J&k during 1-1-80 and 31-12-89 – 5 years
  • Existing confirmed employees of Public sector General Insurance Companies ( GIC & Agriculture Insurnace company of India Ltd) – 8 years

Note: In case of a candidate who is eligible for relaxation under more than one of the above categories, the age relaxation will be available on a cumulative basis subject to the maximum age not exceeding 45 years

Educational Qualifications for GIC Assistant Manager (as on 21st August 2019)

Graduates in Engineering/Finance/Commerce/Law/IT etc, with at least 60% marks in degree exam for General & OBC candidates & at least 55% marks for SC/ST candidates.

The Educational qualifications required vary based on the stream of the vacancy. Check the Vacancies section for more details.

 

GIC Assistant Manager Exam Dates 2019

Below are the exam dates for the GIC Assistant Managers 2019 exam.

Exam Event Important Dates
Start Date of Online Application 21st August 2019
Last Date of Online Application 11th September 2019
Payment of Application Fees 21st August 2019- 11th September 2019
GIC Exam Dates 2019 5th October 2019
Start Date of Download of Admit Card 10 days prior to the date of examination
Pre-Exam Training for SC/ST/OBC/PWD 23rd September 2019 – 26th September 2019

GIC Assistant Manager Vacancies 2019

As per the GIC AM 2019 notification, there are a total of 25 vacancies.

General

EWS

SC

ST

OBC

PWD
(LD/HI/VI/MD/SLD)

Total

11

2

3

2*

7*

1

25

*Includes 1 shortfall of ST and 1 shortfall of OBC.

GIC Assistant Manager Detailed Vacancies

Stream No of vacancies Qualification Required Desirable additional
Qualification
FINANCE
/ACCOUNTS
9 Candidate must possess B. Com Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark Chartered
Accountant
(CA)/
Cost Accountant
(ICWAI)/M Com
INFORMATION
TECHNOLOGY
(Software)
2 B.E. / B. Tech. in IT OR Computer Science OR MCA with at least 60% marks for General and OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark *Desirable skill
set mentioned
below
LEGAL 6 Candidate must possess LLB/BL degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark. LLM/Experience
AUTOMOBILE
ENGINEERING
1 Candidate must possess BE/B TECH Degree in Automobile Engineering from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark           –
CIVIL
ENGINEERING
1 Candidate must possess BE/B TECH Degree in Civil Engineering from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the
prescribed benchmark.
          –
AERONAUTICAL
ENGINEERING
2 Candidate must possess BE/B TECH Aeronautical Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark.          –
MARINE
ENGINEERING
1 Candidate must possess BE/B TECH Marine Engineering Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark.           –
COMPANY
SECRETARY
2 ACS/FCS from ICSI and Graduation from a recognized university with at least 60% marks in case General & OBC category candidates and at least 55% marks for SC/ST candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark.           –
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 at least 60% marks in the degree examination for General & OBC candidates and at least 55% marks for SC/ST candidates OR any equivalent qualification recognized as such by Central Government with the prescribed benchmark. Certification in
Translation work
or work
experience in
translation
Total 25

GIC Assistant Manager Cutoff marks

Below are the GIC Assistant Manager Cutoff marks for each category:

SC

ST

OBC

General

94.25

86.50

98.25

100.50

GIC Assistant Manager Application Fee

 

Sr. No Exam Events  Important Dates
1 For General & OBC Category Rs. 500/- (plus GST @ 18%)
2 For SC/ST category and PH candidates and the employees of GIC and GIPSA Member Companies No Fees

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