GIC Recruitment 2024 – 110 Scale I Officers Vacancy

General Insurance Corporation of India (GIC), one of the leading reinsurance companies globally, invites applications for 110 Scale I Officers in various streams. This is a unique opportunity for individuals looking to start a dynamic career in the insurance and reinsurance sector. Below is the complete guide to the recruitment process, eligibility criteria, selection procedure, and other essential details.

Recruitment Overview

Particulars	Details
Organization	General Insurance Corporation of India (GIC)
Recruitment Type	Direct Recruitment
Advertisement Reference	GIC-HO/HR/Recruit_Scale1/874/2024-25
Total Vacancies	110 Posts
Job Location	Initial posting at Mumbai
Application Mode	Online
Last Date to Apply	December 19, 2024
Official Website	Click Here

Vacancy Details

Stream/Discipline	Total Vacancies
General	18
Legal	9
HR	6
Engineering (various)	5
IT	22
Actuary	10
Insurance	20
Medical (MBBS)	2
Finance	18

Category-Wise Distribution

Category	Total Vacancies	PwBD Reservation (HI/VI/OC/ID/MD)
General	43	4 (HI)
SC	15	–
ST	10	–
OBC	34	–
EWS	6	1 (MD)

PwBD Reservation Details

Category	Reservation
Hearing Impairment (HI)	4 Reserved Seats
Multiple Disabilities (MD)	1 Reserved Seat

Important Dates

Event	Date
Online Application Start Date	December 4, 2024
Last Date to Apply	December 19, 2024
Exam Date	January 5, 2025

Eligibility Criteria

Citizenship Requirements

Candidates must be:

• Indian citizens.
• Or nationals of Nepal/Bhutan, or Tibetan refugees who settled in India before January 1, 1962.

Educational Qualifications for GIC Recruitment 2024

Candidates applying for the 110 Scale I Officers positions in GIC must meet the following educational qualifications based on the stream or discipline they are applying for. The essential and desirable qualifications for each stream are provided below:

Stream/Discipline	Essential Qualification	Desirable Qualification/Skills
General	Graduation in any discipline with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST).	Postgraduate degree or MBA is desirable.
Legal	Bachelor’s degree in Law (LLB) recognized by the Bar Council of India with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST).	LLM or experience in civil/cyber law.
HR (Human Resources)	Graduation in any discipline with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST), plus a postgraduate degree/diploma in HRM/Personnel Management.	Specialization in HR or experience in HR-related roles.
Engineering (various)	Bachelor’s degree (B.E./B.Tech) in Civil, Aeronautical, Marine, Mechanical, or Electrical Engineering with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST).	Master’s degree (M.E./M.Tech) or relevant experience in the respective engineering stream.
IT (Information Technology)	Bachelor’s degree (B.E./B.Tech) in Computer Science, IT, Electronics & Telecommunications, Electronics & Electrical, or MCA with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST). OR Any graduate with 60% marks plus MCA with 60%.	Certifications in Cybersecurity, Ethical Hacking, or Information Security. Proficiency in programming languages and IT systems.
Actuary	Graduation in any discipline with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST). Must have cleared at least 7 papers of the Institute of Actuaries of India or the Institute and Faculty of Actuaries (London), including CS2.	Strong analytical skills and actuarial expertise.
Insurance	Graduation in any discipline with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST). Candidates must have a postgraduate diploma/degree in General Insurance, Risk Management, Life Insurance, FIII, or FCII.	Specialization in Insurance-related fields or experience in risk management.
Medical (MBBS)	MBBS degree with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST). Must be registered with the Indian Medical Association (IMA) and have completed the internship under the MBBS degree by November 1, 2024.	Practical experience in the medical field.
Finance	Bachelor’s degree in Commerce (B.Com) with a minimum of 60% marks (General/OBC) or 55% marks (SC/ST).	MBA (Finance), CA, CMA, or CFA.

Key Notes:

1. Minimum Passing Marks: Candidates must achieve at least 60% marks (General/OBC) or 55% marks (SC/ST) in their qualifying degree.
2. Computer Proficiency: Proficiency in computer applications is mandatory for all streams.
3. Eligibility Date: Candidates must possess all qualifications and required certificates by November 1, 2024.
4. Stream-Specific Application: Candidates can apply for only one stream. If multiple applications are submitted, only the last application will be considered valid.

Candidates are encouraged to verify that their qualifications align with the requirements before applying.

Age Limit (as of November 1, 2024)

Category	Minimum Age	Maximum Age
General	21	30
SC/ST	21	35
OBC	21	33

Application Fee

Category	Fee
General/OBC/EWS	₹1,000 (plus GST)
SC/ST/PwBD/Women	Exempted

Salary Structure for GIC Recruitment 2024

The Scale I Officers recruited in GIC will receive a lucrative salary package along with additional allowances and benefits. The details of the pay scale, total emoluments, and in-hand salary are outlined below:

Component	Details	In-Hand Salary (Approx.)
Basic Pay	₹50,925 per month.
Pay Scale	₹50,925 – 2,500 (14 increments) – 85,925 – 2,710 (4 increments) – ₹96,765
Dearness Allowance (DA)	Approx. 40% of basic pay.
House Rent Allowance (HRA)	7.5%, 8%, or 9% of basic pay depending on posting location (tier of city).
Other Allowances	Includes CCA, Medical Allowance, Newspaper/Internet Allowance, Leave Travel Subsidy, and Sodexo benefits.
Gross Monthly Emoluments	₹85,000 (inclusive of all allowances).	₹73,000–₹75,000 (depending on deductions and benefits).

Additional Benefits:

• New Pension Scheme (NPS): Contribution-based pension for post-retirement benefits.
• Housing Facility: Corporation-owned or leased accommodation with a monthly limit (e.g., ₹45,000 for Mumbai postings).
• Loans and Advances: Subsidized loans for housing, vehicles, and computers; interest-free advances for festivals or calamities.
• Medical Benefits: Comprehensive medical coverage for employees and eligible family members.
• Leave Travel Concession (LTC): Travel reimbursement for employees on leave.
• Accident Cover: Personal accident insurance for employees.

Career Growth Opportunities

• GIC Scale I Officers have excellent opportunities for career growth, with periodic promotions and chances for overseas postings.
• Training programs (both domestic and international) are provided to enhance skills and expertise.

Notes:

1. The in-hand salary varies slightly depending on deductions such as NPS contributions, professional tax, and income tax.
2. Officers may receive additional benefits based on performance, experience, and specific allowances tied to job locations.

This competitive salary structure, along with extensive perks, makes GIC Scale I Officer roles highly desirable in the insurance and reinsurance sector.

Exam Pattern for GIC Recruitment 2024

The online written examination for GIC Scale I Officers recruitment will assess candidates on various aspects such as reasoning, language skills, technical knowledge (for specialist streams), and general awareness. Below are the detailed exam patterns for General Stream and Specialist Stream candidates.

Exam Pattern for General Stream Candidates

Section	Max. Marks	Number of Questions	Type
Part A: Higher Order Reasoning Ability/Critical Thinking	40	40	Objective
Part B: i. Test of Reasoning	20	20	Objective
ii. Test of English Language (Grammar and Vocabulary)	25	25	Objective
iii. Test of General Awareness	20	20	Objective
iv. Test of Numerical Ability & Computer Literacy	15	15	Objective
Part C: Test in English Language (Essay, Precis, and Comprehension)	30	3	Descriptive
Total	150	123

Exam Pattern for Specialist Stream Candidates (Other Than Medical)

Section	Max. Marks	Number of Questions	Type
Part A:
Technical and Professional Knowledge in Relevant Discipline	40	40	Objective
Part B:
Test of Reasoning	20	20	Objective
Test of English Language (Grammar and Vocabulary)	25	25	Objective
Test of General Awareness	20	20	Objective
Test of Numerical Ability & Computer Literacy	15	15	Objective
Part C:
Test in English Language (Essay, Precis, and Comprehension)	30	3	Descriptive
Total	150	123

Key Features of the Examination

1. Minimum Qualifying Marks:
   • Online Test: 60% for General/OBC and 50% for SC/ST candidates.
   • Overall Selection Process (Online Test + GD + Interview): 60% for General/OBC and 50% for SC/ST candidates.
2. Common Sections for All Streams:
   Part B (Objective) and Part C (Descriptive) are common across General and Specialist streams.
3. Penalty for Wrong Answers:
   • For each incorrect answer in the objective test, 1/4th of the marks assigned to the question will be deducted.
4. Language of the Exam:
   • Objective tests will be bilingual (English and Hindi), except for the English Language sections.
5. Descriptive Test:
   • Conducted online; candidates must type their answers using a keyboard.
6. Time Allocation:
   • Part A (Objective): 30 minutes.
   • Part B (Objective): 60 minutes.
   • Part C (Descriptive): 60 minutes.
   • Total Duration: 150 minutes.
7. Pre-Recruitment Training:
   • Candidates from SC/ST/OBC/PwBD categories will be provided online pre-recruitment training before the exam.

Important Exam Guidelines

• Candidates must carry the following to the exam center:
  1. Valid Call Letter for the specific date and session of the exam.
  2. Original Photo Identity Proof (as specified in the instructions).
  3. Photocopy of the Identity Proof matching the details in the application form.
• Ensure all keyboard functions are operational before starting the descriptive section.

Syllabus

Section	Topics Covered
Reasoning Ability	Logical reasoning, puzzles, critical thinking.
General Awareness	Current affairs, insurance, and finance-related topics.
English Language	Grammar, vocabulary, comprehension.

How to Apply for GIC Recruitment 2024

Eligible candidates can apply for the Scale I Officer positions in General Insurance Corporation of India (GIC) through the online application process.

Step 1: Visit the Official Website

• Go to the GIC Re official website.
• Navigate to the “Recruitment” section on the homepage and click on the Apply Online link.

Step 2: Registration

1. Click on “New Registration” to begin the application process.
2. Provide your basic details such as:
   • Full Name
   • Contact Number
   • Valid Email Address
3. Upon successful registration, a Provisional Registration Number and Password will be generated.
   • Note down these credentials or check your registered email/SMS for the details.

Step 3: Fill the Application Form

1. Log in with your provisional credentials.
2. Fill in the required details, including:
   • Personal Information (Name, Address, Contact Details).
   • Academic Qualifications and Professional Experience.
   • Choice of Exam Centre.
3. Double-check all entries for accuracy before proceeding.

Step 4: Upload Documents

Prepare scanned copies of the following documents as per the specified guidelines:

Document	Format	Size
Recent Passport-Size Photo	JPG/JPEG	20 KB to 50 KB
Signature	JPG/JPEG	10 KB to 20 KB
Left Thumb Impression	JPG/JPEG	20 KB to 50 KB
Handwritten Declaration*	JPG/JPEG	50 KB to 100 KB

Handwritten Declaration Text:
“I, [Your Name], hereby declare that all the information submitted by me in the application form is correct, true, and valid. I will present the supporting documents as and when required.”

• Ensure the declaration is handwritten in English only and not in capital letters.

Step 5: Pay the Application Fee

1. Proceed to the payment gateway for fee submission
2. Application Fee
   Payment can be made via:
   • Debit Card
   • Credit Card
   • Net Banking
   • Mobile Wallets
3. After successful payment, a payment receipt will be generated.

Step 6: Submit the Application

1. Verify all the details entered in the application form.
2. Click on “Final Submit” to complete the process.
3. Take a printout of the completed application form and payment receipt for future reference.

Exam Dates and Admit Card

Event	Details
Admit Card Availability	December 29, 2024
Online Examination	January 5, 2025

Selection Process

1. Online Test: Objective and descriptive tests to assess subject knowledge and aptitude.
2. Group Discussion (GD): Evaluation of communication skills and teamwork.
3. Interview: Interaction to assess domain knowledge and overall suitability.
4. Medical Examination: Verification of medical fitness as per prescribed standards.

Result

The final result will be based on a combined score of the online test, GD, and interview. Selected candidates will be notified through the official website.

Important Web-Links

Resource	Link
Advertisement Details	Click Here
Apply Online	Click Here
Join us on WhatsApp Channel	Join Here

Conclusion

GIC offers a lucrative career opportunity for talented individuals seeking professional growth in the insurance sector. Interested candidates must carefully read the guidelines and submit their applications before the deadline.

FAQs