General Insurance Corporation of India Notified Recruitment of 73 Scale I Officers

GIC Re is looking for Graduates /PG in various disciplines to fill in 73 posts of Assistant Managers (Scale-I) Officers. For more information, read ahead.

General Insurance Corporation of India -- the ‘Indian Reinsurer’, a wholly owned Government of India Company, is 15th largest Reinsurance Company in the world with its network in India and abroad.
GIC Re is looking for Graduates / PG in various disciplines to fill in 73 posts of Assistant Managers (Scale-I) Officers. The positions will be based in its offices in India (primarily in Head Office, Mumbai) and abroad. Interested eligible candidates should apply online till 31 March 2013.

Important Dates:
Last date to apply Online: 31 March 2013
Last date for receipt of applications by post: 8 April 2013
Date from which Admit cards will be available for download: 23 April 2013
Date of Written Test: 5 May 2013
Date of Group Discussion / Interview: Mid June 2013 (tentative)
Date of Joining for Induction Training programme: 1 August 2013

Vacancy details:
Total Vacancies: 73 posts
Name of the post: Assistant Manager (Scale-I)

Sl. No

Discipline / Stream

No of Posts




4 posts

Graduate (Maths. /Stats.)



2 posts

B.Sc (Agri.)



2 posts



Chemical Engineering

2 posts

B.E / B.Tech (Chemical)


Company Secretariat

1 post



Electrical Engineering

2 posts

B.E/ B.Tech


Enterprise Risk Management

2 posts



Executive PA/ Secretarial

4 posts

Graduate (English)


Finance / Accounts

15 posts



Human Resource Development

3 posts




18 posts



Information Technology (Software)

4 posts

B.E/ B.Tech (Com.Sci. /Inf .Tech.) / MCA / MBA –IT


Information Technology (Hardware / Networking)

2 posts

B.E/ B.Tech (Elect. / Telecom. / Elec & Telecom.)



2 posts




2 posts




2 posts




2 posts




4 posts


Age limit (as on 1 March 2013):
Minimum: 21 years
Maximum: 30 years
[Relaxation in upper age limit for SC / ST is 5 years, for OBC (eligible for reservation) is 3 years, & for PWDs is 10 years.]

Pay: Basic Pay Rs.17240 per month in the scale of Rs.17240-840(14)-29000-910-(4)-32640 and other admissible allowances like DA, HRA, CCA, etc.
Total emoluments will be about Rs.32000 p.m. plus other benefits.

Application Fee: Application fee of Rs.500 has to be paid through a crossed DD drawn in favour of ‘General Insurance Corporation of India’, payable at ‘Mumbai’.

SC/ ST/ PH & employees of GIC & GIPSA member companies are exempted from payment of fees.

Selection Procedure: Candidates will be selected on the basis of their performance in the written test, Group discussion & Interview.

The total marks for Written Test, Group Discussion and Interview will be 200. Competitive written examination will be held at 4 centres in India tentatively on 5 May 2013 (Sunday).

Candidates have to choose any one of these centres and indicate in the Application Format clearly.

Centre for Written Test

New Delhi




Centre Code No.





Scheme of written examination:



Maximum Marks

Part A (Objective)

Domain Knowledge of relevant stream


Part B (Objective)

Test of Reasoning


Test of English Language


Test of General Awareness


Test of Numerical Ability & Computer Literacy


Part C (Descriptive)

Test in English Language – Essay, Precis and Comprehension


The Part B & Part C of examination shall be common for the candidates of all the streams. The Candidates may exercise option to answer the tests either in Hindi or in English except the test under Part B (ii) and Part C.
Candidates will appear for written tests at their own expenses.

On the basis of performance in written examination, candidates will be called for Group Discussion and Interview. Maximum marks for Group Discussion and Interview are 20 and 30, respectively. Result of final selection, made on overall performance in written examination, Group Discussion and Interview will be notified on GIC Re website.

Outstation candidates called for interview will be reimbursed to and fro second class rail fare/bus fare by the shortest route from the station of the residence to the station of interview on production of evidence.

Appointment of selected candidates will be subject to their being found medically fit.

Service Conditions: Posts are permanent and selected candidates on appointment can be posted / transferred to any place in India and abroad, as and when required. However, initial posting will be in corporate office in Mumbai only.

Probation: Selected candidates will be appointed as Assistant Manager on probation for a period of one year, which may be extended by a further period upto one year. During the probationary period, candidates will be required to undergo theoretical and practical training, if required.

During probation, Officers would be required to pass the non-life “Licentiate Examination” conducted by Insurance Institute of India. Only after passing the said examination the Officer will be eligible for confirmation of his services in the Corporation.

Guarantee Bond: Before joining as probationer, selected candidates will be required to give an undertaking to serve the Corporation for a minimum period of four years including probationary period. In the event of their resignation from the Corporation 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.
Candidates resigning from the Corporation during the probationary period, shall be liable to pay the salary received by them during their entire period of service in the Corporation in addition to an amount of Rs.25000 towards partial cost of training incurred by the Corporation in respect of the candidate.

Admit Cards: Eligible candidates will be intimated by e-mail/sms regarding the written test. On receipt of the e-mail / sms candidates should download their admit card by logging on to. Candidates will have to carry this Admit Card to the examination centre on examination day.

How to Apply: Interested eligible candidates can apply online by logging on the website  till 31 March 2013. On submitting the online application form, candidates’ will receive a/an sms/e-mail on their registered mobile/ e-mail ID with their Application No. and Password. They should retain it for future reference.

After this, candidates’ should take printout of the acknowledgement slip and send it along with the Fee DD and copies of relevant documents by ordinary / speed post to “The Advertiser – GIC Re, Post Bag No 99, GPO Kolkatta, Kolkatta - 700001” so as to reach the given address on or before 8 April 2013.

On the envelope, candidates should super-scribe “Application for the post of Assistant Manager in GIC Re” and Stream /Discipline applied for.

Candidate can apply only for one stream of his / her choice.
All candidates must be computer proficient.
Candidates should retain a photocopy of their Demand Draft and Registration Slip for future reference.

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