Apply Now General Insurance Corporation of India Recruitment In All Over India
Apply Now General Insurance Corporation of India Recruitment In All Over India —Their is an appraisal for candidature’s from General Insurance Corporatin of India (GIC) for the recruitment of Officers .Those Candidature’s whose qualification relate with BE / B.Tech/ B.Com/ MBBS/ LLB/ B.Sc/ Graduate/ CA/ M.Com/ MBA/ LLM/ Post Graduate can apply for upcoming new recruitment appraisal from General Insurance Corporation of India (GIC) ,Eligible candidature’s can apply online for the Officer’s Job from 25.12.2014 to 24.01.2015. Get Detailed info. about the vacancy like Age , Selection Procedure, Qualification, Application fee, How to apply etc can be seen downstairs plz go through the details carefully .
|Company Name||General Insurance Corporation of India(GIC)|
|Qualification||B.E/B.Tech/ B.Com/ M.B.B.S/ LLB/ B.Sc/ Any Graduate/ CA/ M.Com/ MBA/PGDM/ LLM/ Any Post Graduate|
|Pay scale||Rs.17,240-32,640/- p.m.|
|End Date to Apply||24.01.2015|
|Address||Post Box no 10737, Sector 7, Rohini, Delhi- 110085|
Applications are invited from India, Candidature’s for the following vacancies :
|Post||No of post||Qualification||Salary||Age|
|Officers||BE / B.Tech/ B.Com/ MBBS/ LLB/ B.Sc/ Graduate/ CA/ M.Com/ MBA/ LLM/ Post Graduate.||Rs.17240-840(14)-29000-910-(4)-32640|
and other admissible allowances like DA, HRA, CCA, etc
|Minimum age : 21 years. Maximum age : 30 years|
Detail of General Insurance Corporation of India (GIC) Officers Recruitment
GIC is the sole reinsurance company in the Indian insurance market with over four decades of experience.
GIC Re has its registered office and headquarters in Mumbai.
The entire general insurance business in India was nationalised by the Government of India (GOI) through the General Insurance Business (Nationalisation) Act (GIBNA) of 1972. 55 Indian insurance companies and 52 other general insurance operations of other companies were nationalized through the act.
The General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed to control and operate the business of general insurance in India.
The GOI transferred all the assets and operations of the nationalized general insurance companies to GIC and other public-sector insurance companies. After a process of mergers and consolidation, GIC was re-organized with four fully owned subsidiary companies: National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company Limited.
GIC and its subsidiaries had a monopoly on the general insurance business in India until the landmark Insurance Regulatory and Development Authority Act (IRDA Act) of 1999 came into effect on 19 April 2000. This act also amended the GIBNA Act and Insurance Act of 1938. The act along with the amendments ended the monopoly of GIC and its subsidiaries and liberalized the insurance business in India.
In November 2000, GIC was renotified as India’s Reinsurer, but its supervisory role over its subsidiaries was ended. This was followed by the General Insurance Business (Nationalisation) Amendment Act of 2002. Coming into effect from 21 March 2003, this amendment ended GIC’s role as a holding company of its subsidiaries. The ownership of the subsidiaries was transferred to the Government of India.
As a result of these reforms, GIC became the sole Re-Insurer in India, and is now called GIC Re. Indian insurance companies are required by law to cede 5% of every policy value to GIC Re w.e.f. 1 April 2013, subject to some limitations and exceptions. GIC Re has diversified its operations and is now emerging as an important Re-Insurer in SAARC countries, Southeast Asia, Middle East and Africa, Europe and America. GIC Re has also expanded its international operations through branches in London, Moscow, Dubai and Kuala Lumpur and is further planning to establish offices in key regions.
As of 2012 GIC Re ranked 15th largest Reinsurer and 5th largest Aviation Reinsurer in the world (S&P Ratings). GIC Re has a rating of A- (Excellent) from A. M. Bestfor its financial strength. As of 2014 GIC Re has been assigned National Scale ‘AAA’ Reliability Rating And Global Scale ‘iA-’ Credit Rating by Russian National Rating Agency (NRA).
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.
Candidature’s Selection Process for General Insurance Corporation of India (GIC) – Officers Post:
The selection of candidature’s is baised on shortlisting by Written Test and their 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 four centres in India viz. Mumbai, Chennai, Calcutta and Delhi probably on Sunday, 1st March, 2015 The candidature’s may choose any one of the following centres, which must be indicated in the Application Format clearly.Their will be no change for the centre that allowed at a later date. Corporation reserves the right to direct candidature’s 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 candidatures and other relevant situations.
STEPS to be followed for APPLYING For General Insurance Corporation of India
* Visit our online application website https://psu.shine.com/company/general- insurancecorporation-ltd/.
* Click on “Advertisement ” to view the full details before applying.
* Click on “Apply Online” to fill up the application form . Note that you have to pay online the Processing and Examination fee of Rs.500/- while applying, as applicable.
* Kindly enter the details as mentioned in the Application form.
*Choose the relevant choice of centre for Written Test.
*Candidature’s have to upload passport size photograph while submitting online application a) Photograph must be recent passport size photograph b) The picture should be in colour, against a light coloured, preferably white background. c) Size of file should be maximum 300 kb only.
*After you fill the Application form, click on “PROCEED BUTTON” to go to the next step. Ensure that you have chosen the correct stream and filled the right information.
* Kindly check Preview of your application and check all the information is correct and if you want to edit, kindly Click “EDIT BUTTON” or Click “SUBMIT BUTTON” for final submission of your application. After Clicking “Submit”, Candidate will not be able to EDIT any more.
*After that you will come to payment page where you will get payment options as per your Category. Candidates need to make payment Online through (Net Banking, 9 Debit Card or Credit Card) and if candidates get the registration slip it means his/her payment is successful and they can take print out of his/her Registration Slip. If Candidate doesn‟t receive any Registration slip, it means his/her payment is failed due to some reason and this amount will be refunded to candidate within 7 Working days and Candidate need to make the payment again to confirm his/her candidature (Candidates needs to bear a small extra amount over and above the fees viz service/payment gateway/Bank charges. etc.).
* After submitting online application, take Printout of the acknowledgement slip, put signature.
* Candidature’s should use pins for fastening all documents and Self-attested copies of the supportive documents, testimonials, qualification and age proof certificates and send the same by ordinary post/speed post at the address given below. Only original acknowledgement slip (no photocopy) shall be accepted. Please send your acknowledgement Slips with other supportive documents by ORDINARY POST / SPEED POST so as to reach latest by 30th January, 2015 to The Advertiser-GIC Re, Post Box no 10737, Sector 7, Rohini, Delhi- 110085, superscribing the Envelope as “APPLICATION FOR THE POST OF ASSISTANT MANAGER IN GIC Re”. (Please indicate the Stream /Discipline for which you have applied also).
* If your candidature’s is found eligible, you will be intimated by e-mail/sms regarding the written test. On receipt of the e-mail / sms you will have to once again login to https://psu.shine.com/company/general-insurance-corporation-ltd/ and click on DOWNLOAD ADMIT CARD” OPTION.
* Print the admit card with photo and carry the ADMIT CARD to the examination centre on the date and time indicated therein. Photograph appeared on the acknowledgement slip and admit card, should be the same.
Applying Process for Officers Vacancy in General Insurance Corporation of India (GIC):
Candidature’s 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 8 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.
Enclose attested copies of the (i) HSC Certificate showing Date of Birth, (ii) Degree / PG Certificates and Mark Sheets, (iii) Certificate regarding prescribed professional training, (iv) Caste Certificate (v) Disability Certificate wherever applicable (vi) Ex-Servicemen Release Order wherever applicable (vii) 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).
“Wish Luck ! For all candidature’s those who want to make career ahead in parliamentry services as posts of Officers in General Insurance Corporation of India (GIC) !!!! “