GIC Assistant Manager 2023 Notification
1. GIC Assistant Manager 2023 Notification
General Insurance of Cooperation has released a notification for GIC Assistant Manager in – Finance (Scale -1). The GIC assistant manager 2023 notification was released in January. 2023 to fill 12 Officer positions posts. The last date for submission of application for GIC Assistant Manager is 27–02-2023.
The General Insurance Corporation of India (GIC) is the 15th largest Reinsurance company in the world. It has major branches in India and abroad also. Candidates who completed Chartered Accounts or Company Secretaries, and want to create a career in the insurance industry can apply for GIC Assistant Manager 2023 notification. To know more about the GIC Assistant Manager exam, Important days, syllabus, and cutoff marks continue reading the below blog.
2. About GIC Assistant Manager 2023 Exam
The GIC Assistant Manager exam is conducted online. There are three stages for the GIC Assistant Manager exam. There will be negative markings for objective questions. ie 0.25 mark as a penalty for a wrong question and 1 mark for every right answer. This exam pattern is applied for both the post of CA and CS.
Stage I: Preliminary Exam
Stage II: Interview Round
Stage III: Medical Examination
Phase – I Preliminary Exam Pattern for GIC Assistant Managers:
Below is the table for the GIC Assistant Manager 2023 exam. The exam pattern is different for the general stream and the specialist stream.
For Special Stream:
|Topics||Number of Questions||Total Marks|
|PART A (Objective)||Technical knowledge and professional knowledge||40||40|
|PART B (Objective)||Test of Reasoning||20||20|
|English Language with a special focus on grammar & vocabulary.||25||25|
|Test of Numerical Ability & Computer Literacy||15||15|
|Part C (Descriptive)||Exams about Essay, Precis & Comprehension in the English Language||30||03|
For General Stream:
|Particulars||Max. Marks||Number of Questions|
|PART A (Objective)||Higher-Order Reasoning Ability/Critical Thinking||40||40|
|PART B (Objective)||Test of Reasoning||20||20|
|Test with special emphasis on grammar and vocabulary of English Language.||25||25|
|Test of General Awareness||20||20|
|Test of Numerical Ability & Computer Literacy||15||15|
|Part C (Descriptive)||Test in the English Language – Essay, Precis and Comprehension||30||03|
Phase II: GD & Interview
Candidates qualified in the Preliminary exams can only attend the group discussion and interview round. Group discussion and Interview round is conducted for 50 marks. In the GIC Assistant Manager exam, the maximum marks for an Interview are 30 marks and 20 marks for Group Discussion.
Phase III: Medical Exam
It is the final stage of the exam process. Aspirants qualified to round 3 should produce all their certificates for medical verification. Students failing to show the certificates will not be short-listed for the assistant manager post.
3. About IACE coaching for GIC Assistant Manager
IACE is one of the best institutes for GIC Exam Coaching. Aspirants looking for proper guidance should check IACE Academy. It has 10+ years of experience in nurturing students for competitive exams. Experienced and trained teachers and special programs are the main reasons for choosing the IACE institution. Not just that, IACE customized programs make students’ exams ready with benefits like:
4. GIC Assistant Manager 2023 Exam Highlights
The exam highlights of GIC Assistant 2023 are given below.
|Name of Organization||General Insurance Corporation of India|
|Selection Process||Phase I- Written Test |
Phase II- Group Discussion & Interview
|Mode of Exam||Phase I- Written Test- Online|
Phase II- Group Discussion & Interview – Offline
|No. of Vacancies for |
|No. of Vacancies for |
|Salary for CA||Rs. 85,000 per month|
|Salary For CS||Rs. 85,000 per month|
5. GIC Assistant Manager 2023 Online Application & Fee
Candidates willing to join the 2023 GIC Assistant Manager Scale -1 posts can start applying through the online portal
5.1 GIC Assistant Manager 2023 Online Application Process:
- Visit the official GIC Official Website.
- Select Apply Online
- For New registration. Click on the tab New Registration and enter your name, contact number, and email ID
- After submitting, a provisional registration number and a password will be registered.
- Login with the information and fill in all the required information.
- Click on save and proceed to the next phase.
- Verify all the details carefully
- And proceed to pay the exam fee and click on submit the details.
- Upload all the required documents, and make sure they are in specified size and format
- After submitting, take a printout of the application.
5.2 GIC Assistant Manager Scale -1 Application Fee:
|Female candidates, SC/ST, PH and employees of GIC and GIPSA Member Companies||No Fee|
|General and OBC (male candidates)||₹ 850/- (plus GST @18%)|
6. GIC Assistant Manager 2023 Eligibility Criteria
To apply for GIC Assistant Manager 2023, certain eligibility criteria should be matched before applying. Candidates are advised to properly check their eligibility criteria.
6.1 Education Qualification:
|Stream||Additional Qualification||Educational Qualification|
|Insurance||Applicants must have a bachelor’s degree in any subject and a minimum of 60% for general and OBC candidates (55 percent for SC/ST candidates). Candidates must also have a bachelor’s degree/diploma in general insurance/risk ma|
|General||Graduation in any field with a minimum of 60% for General and OBC applicants and a minimum of 55% for SC/ST candidates OR any equivalent qualification recognized as such by the Central Government with the required benchmark.|
|Legal||LLM/Experience||Candidates must have an LLB/BL degree with at least 60% from a recognized university for General & OBC category candidates and at least 55% for SC/ST category candidates OR any equivalent qualification recognized as such by the Central Government with the prescribed benchmark.|
|Finance /Accounts||Chartered Accountant (CA)/Cost Accountant (ICWAI)/M Com||Candidates must have a graduation degree from a recognized university with at least 60% in the degree examination for General and OBC category candidates and at least 55% for SC/ST category candidates OR any equivalent qualification recognized as such by the Central Government with the prescribed benchmark.|
6.2 Age Limit for GIC Assistant Manager 2023:
Candidates only who have the required age can only be considered for the GIC Assistant Manager Scale – 1 2023 exam notification ( for Posts CA & CS). The age criteria for a GIC Assistant manager are:
- The Minimum Age is 21 years
- The maximum Age is 30 years
6.3 Age Relaxation for GIC Assistant Manager 2023:
|Categories||GIC Assistant Manager Age Relaxation|
|Ex-Servicemen / Disabled Ex-Servicemen||The actual period of service rendered in the defense forces + 3 years (8 years for Disabled Ex-Servicemen belonging to SC/ST) subject to a maximum age limit of 45 years|
|Existing Confirmed Employees of the Public Sector||8 years|
|Other Backward Class||3 Years|
|Person with Disability||10 Years|
|Persons ordinarily resided in the State of Jammu & Kashmir during the period 1-1-80 to 31-12-89||5 Years|
|ST / SC||5 Years|
|Single women, Widows and women legally separated from their husbands||9 Years|
7. GIC Assistant Manager 2023- Important Dates
Aspirants waiting for GIC Assistant Manager ( Scale -1) Exam notification can check important dates in the below table. Students are also advised to check the blog regularly
|Application Start Date for CA post||10th February 2023|
|Application End Date for CA Post||27th February 2023|
|Application End Date For CS Post||31st March 2023|
|Admit Card Release Date||To be announced|
|Exam Date||To be announced|
|Results for Written Exam||To be announced|
|GD/ Interview||To be announced|
|Final Results||To be announced|
8. GIC Assistant Manager Selection Procedure
Candidates who are interested in applying for General Insurance Corporation of India Assistant Manager (Scale- 1) post-recruitment should qualify for 3 phases.
Phase I Preliminary Screening:
Selection for the GIC Assistant Manager Scale-1 Posts will be based on the preliminary exam. Candidates are selected for the interview round only if they are qualified in the preliminary exam.
Phase II Interview Round:
Based on the merit list created by the recruitment board of GIC, students are called for the interview process which is conducted by the cooperation only. However, the interview details will be emailed to the eligible candidates. The GIC board will finally release the official list of the selected students.
9. GIC Assistant Manager Syllabus 2023
Candidates looking for the 2023 GIC Assistant Manager exam syllabus can check the below table. Candidates are required to answer both objective and descriptive questions. These are the expected topics for the GIC Assistant Manager exam.
|Computer Knowledge||Operating System|
MS Excel – Spreadsheets
MS Word – Word Processing
MS Power-Point – Presentation
Cause and Effect
Pattern Series and Sequences
Order & Ranking
Statement and Assumptions
Statement and Conclusions
|Numerical Ability||Numerical problems |
Fraction, Ratios, Average & Volume
Simple interest & Compound interest
Market price, Cash price & Expenditure.
Time & Work, Speed & Distance etc
|General Awareness||Inventions & Discoveries|
Neighboring Countries of India
|English Language||Reading Comprehension |
Usage of words
Synonyms & Antonyms
complete the sentence
Cloze Test etc.
10. GIC Assistant Manager Vacancy 2023: Category-Wise
The GIC recruitment board has released 12 posts for 2023 notification GIC Assistant Manager Finance Chartered Accountant (Scale- 1) and 2 posts for GIC Assistant Manager Company Secretary (Scale- 1). Below are the recruitment details in category wise.
|GIC Assistant Manager Finance Chartered Accountant (Scale- 1)|
|Category||No. Of Vacancies|
|GIC Assistant Manager Finance Company Secretary (Scale- 1)|
11. GIC Assistant Manager exam previous year Cut-Off Marks:
Candidates can estimate their marks by checking the cut-off marks of the previous year. The final cut-off notification will be released after the declaration of results. The cuff-off table for the year 2021 is given below.
|Cut-off Marks for GIC Assistant Manager 2021|
12. GIC Assistant Manager 2023 Salary Structure
The GIC Corporation of India provides an excellent work model with a notable pay structure. Candidates interested in joining the General Insurance Corporation of India can check the below information for Chartered Account and Company Secretary.
Rs.50,295/- every month in a spectrum of Rs.50925 -2500(14)- Rs.85925 -2710(4)- Rs.96765 along with other Allowances: DA, HRA, CCA, and so forth With additional perks, the overall remuneration will be around Rs. 85,000 per month.
13. GIC Assistant Manager Salary Benefits
The advantages offered to GIC Assistant Managers significantly alter the situation. The following are the benefits and allowances provided to GIC Officer scale-1:
- Newspaper/Internet Allowance under the New Pension Scheme,
- Leave Travel Subsidy,
- Medical Benefits,
- House Furnishing and Household Help Allowances
- Personal Accident Insurance,
- Housing, vehicle loans and any other benefits as per rules and upon confirmation of service in the Corporation.
Following the rules, the officers are also entitled to corporate or leased housing. (Presently Corporation owned accommodations are not available, whereas leasing accommodation would be granted as per regulations). The current Mumbai lease lodging cap is Rs. 30,000 per month.
14. GIC Assistant Manager 2023 Exam Centre
The GIC Assistant Manager scale -1 has released the notification for the year 2023, but the exam dates are yet to be announced. The below Exam centres are according to the notification. Students can check them accordingly.
|14.||DELHI||New Delhi – NCR|
15. GIC Assistant Manager Preparation Tips 2023
The GIC Assistant Manager Exam is conducted every year, and notification will be released on the website by the GIC recruitment officials. Having a proper plan is important, planning makes preparation easy. Below are a few tips that need to be followed while preparing for GIC Assistant Manager Exams.
- Syllabus Analysis – As mentioned earlier, having a proper plan is important in syllabus analysis and is the first step towards exam preparation.
- Daily Practice Test, Attending daily practice will help you analyze the strong topics and weak topics that need to be covered more.
- As Reasoning is the most important topic of the GIC exam, Focus on those topics.
- Go through complete notes, and prepare your notes. Try to create questions out of it.
- Revision, learn and Relearn the topics.
- Write Mock Exams.
- Stick to your timetable, this helps in completing the syllabus easily
- Follow proper reputed books.
16. GIC Assistant Manager 2023 Admit Card & Call Letter
Here for GIC assistant manager exams candidates will receive tier-wise admit cards. There are 3 phases of exams, Prelims, Interview round/Group Decision and Medical examination.
Candidates will receive the call letter for Group discussion / Interview only if they are qualified for the Preliminary exams. Admit cards for the preliminary exam of GIC Assistant Manager 2023 will be released in August.
The link for admit cards will be updated here. Students are suggested to check the blog regularly.
17. GIC Assistant Manager Prelims 2023 Result
The preliminary results of the 2023 GIC Assistant Manager Finance Scale -1 post will be after the commencement of exams i.e. within one month. Students can check their results here in this blog. The link will be updated as soon as the results are out.
18. GIC Assistant Manager Interview Results
Aspirants qualified in preliminary exams will be called for an interview, which will be conducted by the corporation. The shortlisted students will get an email with the information on the venue, date & timings of the interview,
Aspirants need to qualify in the interview round and group decision, for attending the medical examination.
19. GIC Assistant Manager Medical Examination
Phase -III Medical examination is the last round for the GIC Assistant Manager ( Scale-1) Finance posts. After the selection of Preliminary exams and Group discussion rounds, students are selected based on their marks and merit list. The selected students are called for medical certification if qualified they will receive the call letter.
1. When will the 2023 GIC Assistant Exam be conducted?
Ans. The recruitment board of the GIC board is yet to release the exam date. Official notification will be announced by the GIC Assistant Manager. August is the tentative month
2. What is the salary for the GIC Assistant Manager Finance (Scale-1 ) post?
Ans. The salary for GIC Assistant Manager Finance ( Scale -1) employees is approximately Rs. 85,000/- p.m for Chartered Account Posts and Company Secretary posts.
3. Does GIC conduct recruitment every year?
Ans. Yes, the Reinsurance of India releases a notification for General Insurance Corporation recruitment every year. The exams are conducted by the GIC recruitment board and short-listed students will be allotted the posting letters.
4. What are the eligibility criteria for Applying GIC Assistant Manager Post Scale-1 Finance department?
Ans. The Eligibility criteria for applying for the GIC Assistant Manager Post Scale-1 Finance department are given below:
- Age – Minimum 21 years; Maximum: 30 years
- Education –
- For Company Secretary: Candidates should have passed the final examination of the Institute of Company Secretaries of India and should be graduated in any discipline with a minimum of 60%
- For Chartered Account: Candidates should be qualified and certified Chartered Account from the Institute of Chartered Account of India, and also a graduate from any discipline with 60% of marks.
5. Do we have negative markings for the GIC Assistant Manager Exam?
Ans. Yes, there is a negative marking system for the GIC Assistant Manager Exam. For every incorrect answer, a 0.25 mark is deducted, and 1 mark for every correct answer.