GIC Assistant Manager Notification 2021: Admit Card Out

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GIC Admit Card 2021

The GIC Admit Cards have been released on August 18, 2021. Registered candidates can download their call letters by Registration No./Roll No. and password or D.O.B details. So below it slips your mind, drop everything and download your admit card now!

GIC Exam Date 2021

On August 4, 2021, the General Insurance Corporation of India released an official notification for the GIC exam date. The notification announced that the exam for GIC Assistant Manager recruitment will be held on August 29, 2021.

About GIC Assistant Manager Recruitment 2021

Name of OrganizationGeneral Insurance Corporation of India
Official WebsiteGIC Official Website
PostsAssistant Manager
No. of Vacancies44
Application Start Date11th March 2021
Application End Date29th March 2021
Exam DateAugust 29, 2021
Admit Card Download WindowAugust 18, 2021- August 29, 2021
Mode of ExamPhase I- Online Test- OnlinePhase-II- Group Discussion and Interview – Offline
Selection Process Online TestGroup Discussion and Interview

About GIC

General Insurance Corporation of India Limited abbreviated as GIC Re is an Indian government owned reinsurance company. The government of India nationalized the entire general insurance business in the country through the General Insurance Business (Nationalisation) Act, 1972. The shares of 55 Indian insurers as well as the undertakings of 52 insurers carrying on non-life insurance business were taken over by the government through nationalisation.

GIC was established in pursuance of Section 9(1) of General Insurance Business (Nationalisation) Act, 1972. It was formed on 22 November, 1972, under the Companies Act, 1956, as a private company limited by shares. Its functions then included superintending, controlling and carrying on the business of general insurance. The government transferred all of its shares in the non-life insurers to GIC, and the nationalised undertakings were transferred to Indian insurers. After a process of mergers among the insurance companies, four remained as fully-owned subsidiary companies of GIC, namely National Insurance Co. Ltd., The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd. and United India Insurance Co. Ltd.

When the Insurance Regulatory and Development Authority Act, 1999, was introduced, however, the exclusive privilege of GIC and its subsidiaries undertaking general insurance business in India was removed. In November 2000, GIC was formally designated as a reinsurer and its supervisory role over the four subsidiaries came to an end. Once the General Insurance Business (Nationalisation) Amendment Act, 2002 (40 of 2002), came into effect from 21 March 2003, GIC was no longer a holding company of its subsidiaries. The ownership of GIC and the four subsidiary companies was vested with the government.

Role of GIC

The General Insurance Council is an important link between the Insurance Regulatory and Development Authority of India and the non-Life insurance industry. It also pushes for the Industry’s issues with the Government. While the Council plays the role envisaged for it by the Insurance Act, it also facilitates overall growth for the industry in a fair and equitable manner in the interest of all stakeholders.

Current Chairman and Managing Director of GIC

Mr. Devesh Srivastava is the currently appointed Chairman- and- Managing Director of GIC Re. GIC Re’s various lines of business are headed by the General Managers namely Ms. Reena Bhatnagar, Mr. Deepak Prasad, Ms. Madhulika Bhaskar, Mr. Sashikant More, Ms. Suchita Gupta, and Mr. S L Tripathy.

What Value the GIC Assistant Manager Notification holds?

The General Insurance Corporation of India has announced a notification for the recruitment of Assistant Managers. GIC Assistant Manager Recruitment 2021 has a total of 44 vacancies. Candidates can apply between March 11 and March 29, 2021. The candidates will be chosen based on their performance in the Written Examination, Group Discussion and Interview.

The written test is tentatively scheduled for May 9th, 2021. Assistant Managers will be chosen from a variety of fields, including finance/accounting, IT, legal, general, and insurance. For more information, continue reading this article.

GIC Assistant Manager Vacancy 2021

A total number of 44 vacancies are released for the GIC Assistant Manager Recruitment.

Stream / DisciplineNo. Of Vacancies
Finance/Accounts15
General15
Legal4
Insurance10

GIC Assistant Manager Eligibility 2021 

The GIC Assistant Manager Eligibility criteria for the recruitment process is discussed below: 

Age Limit (Expected)21-30 Years
Educational QualificationVaries for Every post
NationalityThe eligible Candidate should be either of the following:An Indian CitizenA Nepalese CitizenA Bhutanese CitizenA Tibetian refugee who arrived in India before 1st Jan 1962A person of Indian origin who migrated from countries such as Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the motive of permanently settling in India. 

The candidates also can get the age relaxation which depends upon the category they belong to.

CategoriesGIC Assistant Manager Age Relaxation
Scheduled Caste / Scheduled Tribe5 Years
Other Backward Class (eligible for reservation)3 Years
Person with Disability10 Years
Ex-Servicemen / Disabled Ex-ServicemenThe actual period of service offered in the defence forces + 3 years (8 years for Disabled Ex-Servicemen belonging to SC/ST) subject to a maximum age limit of 45 years
Any of the Widows, Divorced women, and women legally separated from their husbands who have not remarried9 Years
Persons originally domiciled in the State of Jammu & Kashmir during the period 1-1-80 to 31-12-89 5 Years
Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.) 8 Years

Educational Qualification Streamwise

The educational qualification required for different streams is given below: 

Stream /DisciplineQualification Required
Finance / AccountsA B.Com Degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by the Central Government with the prescribed benchmark. 
GeneralGraduation in any discipline with at least 60% marks for General and OBC and at least 55% marks for SC/ST category from a recognized university
LegalCandidates must possess LLB/BL degree from a recognized University with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized as such by the Central Government with the prescribed benchmark. 
Insurance Graduation in any discipline with at least 60% marks in the degree examination for General & OBC category candidates and at least 55% marks for SC/ST category candidates OR any equivalent qualification recognized university

GIC Assistant Manager Exam Pattern

GIC Assistant Manager Written Exam Pattern

The GIC Assistant Manager exam pattern gives the candidates an overview of the question paper. It helps in implementing the preparation strategy and study plan. The GIC Assistant Manager exam pattern is different for candidates opting for Hindi and English streams. The exam pattern also differs from the type of post; specialist or general. Candidates can find the detailed exam pattern below:

GIC Assistant Manager Exam Pattern for Specialists:

SectionsSubjectsMax. MarksNumber of Questions
PART A (Objective)Technical & Professional Knowledge Test in the relevant discipline4040
PART B (Objective)Test of Reasoning2020
Test of English Language2020
Test of General Awareness2020
Test of Numerical Ability & Computer Literacy2020
Part C (Descriptive)Test in the English Language – Essay, precis, and Comprehension3003
TOTAL150123

GIC Assistant Manager General Streams Exam Pattern:

SectionsSubjectsMax. MarksNumber of Questions
PART A(Objective)Higher-Order Reasoning Ability/Critical Thinking4040
PART B (Objective)Test of Reasoning2020
Test Of English language with special emphasis on grammar and vocabulary2525
Test of General Awareness2020
Test of Numerical Ability and Computer Literacy1515
Part C (Descriptive)Test of English Language Essay, precis and Comprehension3003
Total150123

GIC Assistant Manager Exam Pattern for Hindi Streams

PARTSTOPICSMAXIMUM MARKSTOTAL QUESTIONS
PART-A (objective)Technical & Professional Knowledge Test of Hindi and English language4040
Reasoning2020
PART-B (objective)Translation2020
General Awareness2020
PART-C (descriptive)Test of Hindi Language Essay, precis and Comprehension, Hindi & English grammar, translation, Hindi typing, UNICODE5005
TOTAL150105

GIC Assistant Manager Section Wise Marks Weightage

Here is the section-wise mark distribution as per the GIC Asst. Manager recruitment notification. It will help the aspirants in figuring out how much importance a particular section of the GIC Assistant Manager scale-1 exam deserves.

GIC Assistant Manager Section Wise Mark Weightage for Specialists

TypeSectionsMaximum Marks
Objective TypeTechnical and Professional Knowledge40
Reasoning20
English Language20
General Awareness20
Numerical Aptitude & Computer Literacy20
Descriptive TypeEnglish language30
Total150

GIC Assistant Manager Section Wise Marks Weightage for the General Stream

TypeSectionsMaximum Marks
Objective TypeHigher-Order Reasoning Ability/Critical Thinking40
Reasoning20
English Language25
General Awareness20
Numerical Aptitude & Computer Literacy15
Descriptive TypeEnglish language30
Total150

GIC Assistant Manager Section Wise Mark Weightage for Hindi Stream:

TypeSectionsMaximum Marks
Objective TypeTechnical and Professional Knowledge40
Reasoning20
Translation20
General Awareness20
Descriptive TypeHindi language50
Total150

GIC Assistant Manager Apply Online 2021

The candidates who wish to fill the GIC Assistant Manager 2021 application form can follow the steps given below to register their candidature. 

  • Step 1: Click the Direct Link above or go to the GIC Official Website. 
  • Step 2: Click on APPLY ONLINE.
  • Step 3: Click on ‘New Registration’ and enter your Name, Contact Details, and Email Id.
  • Step 4: A provisional Registration Number and Password will be generated. Keep a note of the same. 
  • Step 5: Enter all information and click on Save and Next.
  • Step 6: Carefully verify your details and then press the ‘Final Submit’ button.
  • Step 7: Candidates should scan and upload their photograph and signature, ensuring that both the photograph and signature are according to the required specifications.
  • Step 8: Click on the payment tab and proceed with the payment.
  • Step 9: After the payment is done, keep the application receipt carefully. 

GIC Assistant Manager Application Fee

The candidates will have to pay an application fee of Rs. 850 /- plus GST @18% when they are applying for the GIC Assistant Manager Recruitment. The payment of the application fee can be done using a Debit card, Credit Card, Internet Banking, Mobile Wallets, etc. Candidates, please note that the application fee is non-refundable.

GIC Assistant Manager Online Course

ixamBee is offering GIC Assistant Manager (General) Online course for your advanced preparation for the exam. The course will provide you with everything that will make your GIC Assistant Manager (General) exam preparation much easier. The course consists of:

  • 400+ Video Lessons covering the whole syllabus of the GIC Assistant Manager General exam.
  • 150+ Study Notes in PDF format wherever required for easy learning and quick revision.
  • 150+ Difficulty Based chapter tests/section tests comprising questions divided into Easy, Moderate, and High Levels.
  • 7 Full-Length Practice Tests for GIC Assistant Manager (General) Part A and Part B exam.
  • 5 Descriptive Mock Tests for GIC Assistant Manager (General) Part C exam.
  • 10000+ practice questions in the form of Chapter Tests, Section Tests, and Mock Tests are provided wherever required.
  • Live Classes every week for guidance and doubt clarification with the subject experts.
  • Guidance for the Interview Round.

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