GIC Recruitment 2024

GIC Recruitment 2024 The General Insurance Corporation of India (GIC) is offering an exciting opportunity for aspiring insurance professionals! They are currently recruiting for 12 Actuarial Apprentice positions. This program provides a unique chance to gain valuable experience in the insurance industry while working towards a qualified actuarial designation.

Positions Available: 12 Actuarial Apprentices (split between Life and Non-Life Business)Location: Mumbai, MaharashtraBefore applying, it’s crucial to ensure you meet the eligibility criteria. Details can be found on the GIC website, but here’s a general overview:

Age: Between 21 and 27 years oldEducation: Graduation or Post-graduation degree in a relevant field (Science, Commerce, or Arts) or a postgraduate diploma in Actuarial ScienceProfessional Qualification: Passed at least 2 Actuarial Exams from the Institute of Actuaries of India (IAI) or the Institute and Faculty of Actuaries (IFoA)

The selected candidates will receive a competitive monthly stipend. The first year offers ₹30,000, with an increase to ₹35,000 in the second year. This program not only provides financial support but also equips you with the necessary skills and knowledge to excel in the actuarial field.Shortlisted candidates will likely be called for an interview or group discussion to assess their suitability for the role.

Applications are accepted online only. You’ll need to download the application form from the official GIC website () and submit it electronically along with all required documents by the deadline: July 8th, 2024.

Launching a career in actuarial science can be incredibly rewarding. By becoming a GIC Actuarial Apprentice, you’ll gain valuable industry experience, receive financial support, and work towards a prestigious professional qualification.

Remember, carefully review the notification on the GIC website to ensure you meet all the eligibility requirements and application procedures before submitting your application.

GIC Recruitment 2024     [Quick Summary]

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The General Insurance Corporation of India (GIC) is seeking talented individuals to join their Actuarial Apprentice program! This program offers a unique opportunity to gain valuable experience in the insurance industry while working towards a prestigious professional qualification. Here’s a comprehensive breakdown of everything you need to know:

Positions Available:

• 12 Actuarial Apprentices (split equally between Life and Non-Life Business)

Location:

• Mumbai, Maharashtra

Eligibility:

• Education (as of July 8th, 2024):
  • Graduation/Post Graduation in Science (Mathematics or Statistics as main subject) with a minimum of 60% marks from a recognized university.
  • Graduation/Post Graduation in Commerce (Statistics/Actuarial Science as main subject) with a minimum of 60% marks from a recognized university.
  • Graduation in Arts (Actuarial Science as major subject) with a minimum of 60% marks from a recognized university.
  • PGDiploma in Actuarial Science with a minimum of 50% marks (10% relaxation for SC/ST candidates).
• Professional Qualification: Passed at least 2 actuarial subjects conducted by the Institute of Actuaries of India (IAI) or the Institute and Faculty of Actuaries (IFoA).
• Age (as of June 1st, 2024): Between 21 and 27 years old.

Age Relaxation:

• SC/ST Candidates: 5 years
• OBC Candidates: 3 years
• PwBD (Gen/ EWS) Candidates: 10 years
• PwBD (SC/ ST) Candidates: 15 years
• PwBD (OBC) Candidates: 13 years

Salary and Benefits:

• Stipend:
  • Year 1: ₹30,000 per month
  • Year 2: ₹35,000 per month
• Potential for Absorption: Upon successful completion of the program and passing a minimum of 7 actuarial subjects, you may be considered for absorption as an Assistant Manager (Scale I Officer) with a starting basic pay of ₹50,925 per month and other benefits like HRA, DA, CCA, etc., bringing the total compensation to approximately ₹85,000 per month.

Selection Process:

Shortlisted candidates will be called for an interview or group discussion to assess their suitability for the role.

How to Apply:

Applications are accepted online only. Download the application form from the GIC website () and submit it electronically along with the following documents to [email protected] by July 8th, 2024:

• Self-attested copies of caste certificate (if applicable)
• School Leaving Certificate/Matriculation Certificate (showing date of birth) or separate Birth Certificate
• Degree Certificate & Mark-sheets
• Certificate of passed actuarial subjects
• Bio-data with photograph

Important Dates:

• Application Start Date: June 25th, 2024
• Application Deadline: July 8th, 2024

Don’t Miss this Opportunity!

The GIC Actuarial Apprentice Program provides a launchpad for a rewarding career in the insurance industry. If you’re passionate about numbers, have a strong analytical mind, and an interest in risk management, this program could be the perfect fit for you. With a competitive salary, valuable work experience, and the opportunity for permanent employment, this program offers a comprehensive package to kickstart your professional journey.

Additional Notes:

• Carefully review the official notification on the GIC website for any additional details or clarifications.
• Ensure you meet all eligibility requirements before applying.
• Submit a complete application package before the deadline.

Official Notification & Application GIC Recruitment 2024   

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