General Insurance Corporation Of India

GIC Re, the ‘Indian Reinsurer’ and 15 th largest Reinsurance Company in the world fully owned by Government of India 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 65 Officers in the cadre of Assistant Managers (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 the following vacancies.

Details of Vacancies

Age Criteria

Age (As on 31.12.2014)

• Minimum age : 21 years.
• Maximum age : 30 years

Compensation Package

Basic Pay Rs.17,240/- per month in the scale of Rs.17240-840(14)-29000-910-(4)-32640 and other admissible allowances like DA, HRA, CCA, etc. The total emoluments will be about Rs.38,500/-p.m. plus other benefits which are New Pension Scheme and Group Savings Linked Insurance Scheme (GSLI)., Newspaper /Internet Allowance Leave Travel Subsidy, Medical Benefits, Personal Accident cover, housing and vehicles 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.12,000/- 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 Written Test and performance in Group Discussion and interview. The total marks for Written Test, Group Discussion and Interview will be 200. Competitive written examination will be held at 04 centres in India viz. Mumbai, Chennai, Calcutta and Delhi tentatively on Sunday, 1st March, 2015 The candidate may choose any one of the following centres, which must be indicated in the Application Format clearly. No change of the centre will be allowed at a later date. Corporation reserves the right to direct candidates to appear at a centre other than the one chosen by them for written examination without monetary assistance. 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.

IMPORTANT : THE CANDIDATE CAN APPLY ONLY FOR ONE STREAM OF HIS /HER CHOICE.

Scheme of Written Examination

Minimum qualifying marks in the written test – 60% for General & OBC and 50% for SC /ST.

The Part B and 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. Choice of Medium of Written Test MUST be mentioned in the ONLINE Form. Question Paper shall be provided as per the Choice indicated.

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

Probation

Selected candidates if medically found fit, 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. The Corporation reserves the right to terminate service of a candidate if found unsuitable at any time during the probationary period or the extended probationary period without any notice or assigning any reason therefor. During the probationary period, candidates will be required to undergo theoretical and practical training, as may be arranged for them.

During the probation period, the 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. Failure to pass the said Examination within the extended probation period will render the officer liable to be terminated from service on expiry of the period so specified.

Guarantee Bond

Before joining as probationer, the selected candidate will be required to give an undertaking to serve the Corporation for a minimum period of four years including probationary period, failing which he/she will pay liquidated damages equivalent to one year’s gross salary paid to him / her during the year of probation which could be proportionately reduced depending on the length of service rendered. Besides he/she will have to submit a stamped Indemnity bond duly executed by two sureties of sound financial standing and not related to the candidate, for an amount equivalent to one year’s gross salary.

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 equivalent to the cost of training incurred by the Corporation in respect of the candidate.

No lien/bond executed to retain a substantive post with present employer will be binding upon the Corporation and no Leave Salary or Pension Contribution will be made.

How to Apply

Candidates satisfying the eligibility conditions have to apply through online registration system of GIC Re i.e. https://psu.shine.com/company/general-insurancecorporation-ltd/

Online submission of the applications will be allowed on the website between 25th December, 2014 to 24th January,2015 . 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 Rs. 500/- 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 (OH) 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 email ID, Mobile Number & Photograph are mandatory fields without which applications will not be registered.

Enclosures Required

Enclose attested copies of the

• HSC Certificate showing Date of Birth,

• Degree / PG Certificates and Mark Sheets,

• Certificate regarding prescribed professional training,

• Caste Certificate

• Disability Certificate wherever applicable

• Ex-Servicemen Release Order wherever applicable

• Evidence of Domicile for the period from 1.1.1980 to 31.12.1989 in the case of Kashmir Division of the State of Jammu & Kashmir Residents (for age relaxation purpose).

Original application with No Objection Certificate should reach The Advertiser-GIC Re, Post Box no 10737, Sector 7, Rohini, Delhi- 110085, super scribing the Envelope as “APPLICATION FOR THE POST OF ASSISTANT MANAGER IN GIC Re –ADVANCE COPY”

Important Dates

• Commencement of online registration of applications by candidates : 25th December, 2014

• Last date for Online Registration : 24th January, 2015

• Last date for accepting acknowledgement slips with required documents by post : 30th January, 2015

• Intimation to candidates regarding Downloading of admit cards by sms/email latest by : 13th February, 2015

• Online training for SC/ST/OBC begins : 13th February, 2015

• Online training for SC/ST/OBC ends : 27th February, 2015

• Tentative Date of Written Test  : 1st March, 2015

• Tentative Date for commencement of Group Discussion / Interview : 9th April, 2015

• Tentative Date for joining the Corporation on induction training programme : 21st May, 2015

Click Here for Official Notification

Click Here to Apply

Courtesy : General Insurance Corporation Ltd.