GIC Recruitment 2024 has announced a promising opportunity for candidates seeking a career in the insurance sector. The GIC Recruitment 2024 notification has been released, inviting applications for the position of Actuarial Apprentice. This GIC Recruitment 2024 drive aims to fill 12 vacancies in GIC Recruitment 2024 Head Office located in Mumbai. The positions are available for both Life and Non-Life Business sectors, offering a significant chance for eligible graduates and postgraduates to join a prestigious government institution.
About
GIC Recruitment 2024 is one of the leading reinsurance companies in India, playing a crucial role in the nation’s insurance industry. The corporation is seeking enthusiastic and qualified individuals to join as Actuarial Apprentices. This role is essential in the insurance sector as it involves assessing and managing the financial risks associated with insurance policies. Candidates selected for these positions will undergo comprehensive training and will be part of a dynamic team at GIC Recruitment 2024 Head Office.
The GIC Recruitment 2024 process is designed to identify candidates with strong analytical skills and a keen interest in actuarial science. GIC Recruitment 2024 offers a robust training program, along with a competitive stipend, making this an excellent opportunity for aspiring actuaries to gain valuable experience and kickstart their careers in the insurance industry.
Overview
| Organization Name | General Insurance Corporation of India (GIC) |
|---|---|
| Job Name | Actuarial Apprentice (Life & Non-Life Business) |
| Total Vacancies | 12 |
| Job Location | Head Office, Mumbai |
| Application Start Date | 20th June 2024 |
| Application Last Date | 8th July 2024 |
| Official Website | www.gicre.in |
Position and Number of Vacancies
| Position | Number of Vacancies |
|---|---|
| Actuarial Apprentice (Life) | 6 |
| Actuarial Apprentice (Non-Life) | 6 |
| Total | 12 |
Educational Qualification and Eligibility
To apply for the GIC Actuarial Apprentice position, candidates must meet the following educational qualifications and eligibility criteria:
Education Qualifications
- Degree: Applicants must possess a Graduate/Post Graduate/PG Diploma in relevant disciplines.
- Professional Exams: Candidates should have passed at least 2 subjects from the exams conducted by the Institute of Actuaries of India (IAI) or the Institute and Faculty of Actuaries, UK.
Age Limit (As of 1st June 2024)
- Minimum Age: 21 years
- Maximum Age: 27 years
- Age Relaxation: As per government norms, candidates belonging to reserved categories may be eligible for age relaxation. Applicants should refer to the official notification for detailed information.
Salary
- Stipend:
- 1st Year: ₹30,000 per month
- 2nd Year: ₹35,000 per month
Training Period
- The training period for the Actuarial Apprentice position is 2 years, during which candidates will receive hands-on experience and mentorship from industry experts.
Selection Process
- The selection process for the GIC Actuarial Apprentice position includes:
- Group Discussion (GD): To assess the candidates’ communication skills, teamwork, and ability to articulate ideas.
- Interview: A personal interview to evaluate the candidate’s technical knowledge, aptitude, and suitability for the role.
- Medical Examination: Selected candidates will undergo a medical examination to ensure they meet the physical fitness standards required for the job.
Application Fee
- Applicants are advised to check the official notification for details regarding the application fee. The fee may vary based on the category of the candidate.
Required Documents
Candidates need to submit the following documents along with their application:
- Educational Certificates: Proof of educational qualifications.
- Age Proof: Birth certificate or any valid document indicating date of birth.
- Professional Exam Results: Proof of passing the required actuarial exams.
- Category Certificate: For candidates applying under reserved categories.
- Experience Certificates: If applicable.
How to Apply
Applying for the GIC Actuarial Apprentice position requires careful attention to the application process. Here are the steps to ensure a successful application:
- Visit the Official Website: Go to www.gicre.in.
- Navigate to Careers Section: On the homepage, click on the ‘People Resources’ tab and select ‘Careers.’
- Locate the Detailed Advertisement: Find the link for the ‘Detailed Advertisement for appointment of Actuarial Apprentice 2024’ and click on it to read the notification thoroughly.
- Access the Application Form: After reading the notification, click on the MS form link provided for applying to the Actuarial Apprentice position.
- Fill Out the Application Form: Enter all the required details accurately. Make sure to double-check the information provided to avoid errors.
- Attach Required Documents: Upload scanned copies of the necessary documents as per the instructions given in the notification.
- Submit the Application: Review your application one last time before submitting it. Once satisfied, click the ‘Submit’ button to finalize your application.
- Save a Copy: After submission, it is advisable to save a copy of your application for future reference.
Important Links
- Official Notification: Download Here
- Official Website: GIC Official Website
Conclusion
GIC Recruitment 2024 presents a valuable opportunity for aspiring actuaries to gain practical experience in a leading government insurance corporation. With 12 vacancies available for the position of Actuarial Apprentice, candidates who meet the eligibility criteria should seize this chance to build a career in the insurance sector. The selection process is designed to identify the best talent, offering them a platform to enhance their skills and contribute to GIC’s ongoing success. Interested candidates are encouraged to apply before the deadline and prepare diligently for the selection process. For further information and updates, applicants should regularly visit the official GIC website. Stay updated with finfinanceguide for the latest updates on this and other recruitment opportunities