General Insurance Corporation of India (GIC) 2020 Jobs Recruitment. GIC has released official notification for the job openings of Actuarial Apprentice vacancies. Check the eligibility and notification prior to apply for the positions.

Closing Date is on :- 25th October, 2020.

No.of Posts and Vacancies :-

Actuarial Apprentice - 07 Posts

Job Location - Mumbai

Other Qualification Details :-

GIC Re, the ‘National Reinsurer of India’ with a global footprint, is a 5 billion USD Dollar Reinsurer and 11 th largest Reinsurance Company in the world 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 7 Actuarial Apprentices, who have passed at least 7 actuarial subjects of exam conducted by Institute of Actuaries of India(IAI) / Institute and Faculty of Actuaries, UK.

1. Total Number of vacancies: 7 (Four for Non-Life Reinsurance & Two for Life Reinsurance & One for Obligatory Cell)

2. Qualification:

i. Graduation/Post Graduation in Science from recognized University with Mathematics or Statistics as main subject with 60% or more marks in aggregate, or

ii. Graduation/Post Graduation in Commerce from recognized University with Statistics/Actuarial Science as main subject with 60% or more marks in aggregate, or

iii. Graduation in Arts with Actuarial Science as major subject from recognized University with 60% or more marks, or

iv. Post-graduate Diploma in Actuarial Science with 50% or more marks

3. Stipend and other Benefits: 

a. With minimum 7 or 8 subjects ₹ 14,000/-

b. 9 or 10 subjects ₹ 15,000/-

c. More than 10 subjects ₹ 16,000/-

4. Service Conditions: A three-year period of Apprenticeship. May be eligible for being considered for the post of Assistant Manager after passing 10 or more subjects, Apprentice to pass total nine subjects by the end of 3 years. A further extension of 1 year (2 years in case of SC/ST candidates) shall be granted if the apprentice passes 9 subjects within the initial 3 years of apprenticeship for passing another 1 papers so as to complete 10 papers. Termination of apprenticeship on failure to pass 9 subjects within three years.

Age: 21 years (completed) and not more than 27 years i.e. candidate should have been born not earlier than 30.09.1993 and not later than 30.09.1999 both days inclusive, relaxation up to 30 years for OBCs and 35 years for SCs/STs. Age relaxation for PWD candidates is as per rules.

Note :-

1. Incomplete applications without the copies of the relevant certificates and those received late are liable to be rejected.

2. Corporation reserves the right to amend or alter any of the conditions mentioned above.

Selection Process :-

1. Interview/Group Discussion (to be conducted only in Mumbai).

2. All eligible candidates will be called for interview/ Group Discussion and their selection will be based on their performance in Interview/Group Discussion.

3. Final Selection of candidates will be subject to Medical Examination.

4. Posting of selected candidates will be at Head Office of GIC Re.

5. The selected candidates will be for both the streams i.e. life and non-life.

Steps to Apply :-

1. Interested candidates may apply in the prescribed application form as per Annexure.

2 Attach self-attested copies of the Caste Certificate (wherever applicable), School Leaving Certificate/ Matriculation Certificate showing Date of Birth or Birth Certificate separately, Degree Certificate & Mark-sheets, Certificate of the Actuarial papers passed

3. Affix passport size photograph at the right hand top corner of the application.

4. Then send the scan copy of the application along with the other required documents to the email id [email protected]

5. The original application along with the original certificates are to be brought during the Interview/Group Discussion.

6. Last Date for receiving applications: 25th October, 2020

Official Notification