Important Dates
|
Particulars |
Date |
|
Online Registration commences from |
04.12.2024 |
|
Last Date for Online Registration |
19.12.2024 |
|
Tentative Date of online Examination |
05.01.2025 |
Number of Vacancies
|
Post / s |
Minimum Age |
Maximum Age (as on 01.11.2024) |
Total Vacancies |
|
GENERAL |
21 |
30 |
18 |
|
LEGAL |
21 |
30 |
9 |
|
HR |
21 |
30 |
6 |
|
INSURANCE |
21 |
30 |
20 |
|
FINANCE |
21 |
30 |
18 |
Relaxation in Age Limit
|
Category |
Age Relaxation |
|
Schedule Caste / Scheduled Tribe |
5 years |
|
Other Backward Class (eligible for reservation) |
3 years |
|
Person with Disability |
10 years |
|
Ex-Servicemen / Disabled Ex-Servicemen |
Actual period of service rendered 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 |
|
Widows, Divorced women and women legally separated from their husbands who have not remarried |
9 years |
|
Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.) |
8 years |
Qualification (As on 01-11-2024)
|
Posts |
Qualifications |
|
GENERAL |
Graduation in any discipline with minimum 60% marks for General & OBC candidates and minimum 55% for SC/ST candidates. DESIRABLE: Post Graduation/MBA |
|
LEGAL |
Bachelor’s degree in law recognized by Bar council of India for the purpose of enrolment as an Advocate with a minimum of 60% marks for General & OBC candidates and minimum 55% for SC/ST candida DESIRABLE: LLM/Experience/Civil/Cyber |
|
HR |
Graduate in any discipline with minimum 60% marks for General & OBC candidates and minimum 55% marks for SC/ST candidates And Post Graduation in HR / Personnel Management |
|
INSURANCE |
Graduation in any discipline with minimum 60% marks for General & OBC candidates and minimum 55% for SC/ST candidates. Candidates should possess Post Graduate Degree/diploma in General Insurance/ Risk Management/ Life Insurance/ FIII/ FCII. |
|
FINANCE |
B.Com. with 60% marks for General & OBC candidates and minimum 55% for SC/ST candidates from a recognized University MBA Finance / CFA / CA / CMA / M.Com |
Probation
- Selected candidates if medically found fit, will be appointed as Assistant Manager on probation for a period of one year, which may be extended by a further period up to one year. The Corporation reserves the right to terminate service of a candidate if found unsuitable at any time during the probationary period or the extended probationary period without any notice or assigning any reason therefor. During the probationary period, candidates will be required to undergo theoretical and practical training, as may be arranged for them.
- During the probation period, the Officers would be required to pass the non-life “Licentiate Examination” conducted by Insurance Institute of India. Only after passing the said examination, the officer will be eligible for confirmation of his services in the Corporation. Failure to pass the said Examination within the extended probation period will render the officer liable to be terminated from service on expiry of the period so specified.
Guarantee Bond
- Before joining as probationer, the selected candidate will be required to give an undertaking to serve the Corporation for a minimum period of four years including probationary period, failing which he/she will pay liquidated damages equivalent to one year’s gross salary paid to him / her during the year of probation which could be proportionately reduced depending on the length of service rendered. Besides he/she will have to submit a stamped Indemnity bond duly executed by two sureties of sound financial standing and not related to the candidate, for an amount equivalent to one year’s gross salary.
- Candidates resigning from the Corporation during the probationary period shall be liable to pay the salary received by them during their entire period of service in the Corporation in addition to an amount equivalent to the cost of training incurred by the Corporation in respect of the candidate.
- No lien/bond executed to retain a substantive post with present employer will be binding upon the Corporation and no Leave Salary or Pension Contribution will be made
Selection Procedure
- The selection (for all disciplines except MEDICAL (MBBS)) shall be on the basis of shortlisting of the candidates based on Online Test, performance in Group Discussion & interview and medical examination. The total marks for Online Test, Group Discussion and Interview will be 200.
- On the basis of performance in online examination, candidates will be called for Group Discussion and interview. The maximum marks for Group Discussion and Interview are 20 and 30, respectively. The result of final selection, made on overall performance in online examination, Group Discussion and Interview will be notified on GIC Re website.
Online Examination Pattern
FOR GENERAL STREAM CANDIDATES
|
Name of section |
Maximum Marks |
No. of Questions |
Duration |
||
|
PART A (objective) |
Higher Order Reasoning Ability/Critical Thinking |
40 |
40 |
30 mins |
|
|
PART B (Objective) |
i |
Test of Reasoning |
20 |
20 |
60 mins |
|
ii |
Test of English Language with special emphasis on grammar and vocabulary |
25 |
25 |
||
|
iii |
Test of General Awareness |
20 |
20 |
||
|
iv |
Test of Numerical Ability & Computer Literacy |
15 |
15 |
||
|
Part C (Descriptive) |
Test in English Language – Essay, precis and Comprehension |
30 |
03 |
60 mins |
|
|
150 |
123 |
150 minutes |
FOR SPECIALIST STREAM CANDIDATES
|
Name of section |
Maximum Marks |
No. of Questions |
Duration |
||
|
PART A (objective) |
Technical and Professional Knowledge Test in the relevant discipline |
40 |
40 |
30 mins |
|
|
PART B (Objective) |
i |
Test of Reasoning |
20 |
20 |
60 mins |
|
ii |
Test of English Language with special emphasis on grammar and vocabulary |
25 |
25 |
||
|
iii |
Test of General Awareness |
20 |
20 |
||
|
iv |
Test of Numerical Ability & Computer Literacy |
15 |
15 |
||
|
Part C (Descriptive) |
Test in English Language – Essay, precis and Comprehension |
30 |
03 |
60 mins |
|
|
150 |
123 |
150 Minutes |
- Minimum qualifying marks in the Online test – 60% for General & OBC and 50% for SC /ST.
- Minimum qualifying marks for overall selection process (Online test, GD and Interview) – 60% for General & OBC and 50% for SC /ST.
- Candidate has to secure the minimum qualifying marks stated above in each stage of the selection process i.e. Online test, GD and Interview separately.
- The Part B and Part C of examination shall be common for the candidates of all the streams. There will be penalty for wrong answers marked (in objective tests) by the candidates. For each wrong answer ¼ of the marks assigned to the question will be deducted from those obtained. Tests will be bilingual i.e. English and Hindi except test of English Language. The minimum qualifying marks would be applicable on the total score of online examination.
- The Descriptive English Test will be conducted only through online mode. Questions will be displayed on the screen of your computer. Answers are to be typed using the keyboard in English. Before start of typing answers to questions in Descriptive Paper, please check all key functions of the keyboard.
- Candidates will be shortlisted for Group Discussion and interview on the basis of overall marks scored in objective and descriptive section taken together against full marks of 150.
Syllabus for Part A & B
Higher-Order Reasoning Ability/Reasoning Ability
- Machine Input Output
- Puzzles
- Seating Arrangement
- Order and Ranking
- Clocks & Calendar
- Problem-based on Ages
- Inequalities
- Coding-Decoding
- Cause and Effect
- Venn Diagram/Syllogism
- Blood Relation
- Direction and Distance
English Language
- Reading Comprehension
- Para-jumbles
- Sentence-connectors
- Double Fillers
- Idioms and Phrases
- Vocabulary based questions
- Error Spotting
- Match the sentences
General Awareness
- Banking Reforms
- Regulatory Bodies in India- NABARD, SEBI etc.
- International Banking
- Latest circulars of RBI and SEBI
- Latest Updates in Financial & Capital Markets
- Financial Terms
- Banking Terms
- Latest Acts related to Banking
- Priority Sector Lending
- NPA - latest news
- SARFAESI Act
- RBI Monetary Policy
- Capital & Money Market Instrument
- Commercial Banks, NBFCs, HFC - Latest news
- Mergers and Acquisitions in Banking Companies
- Credit Rating and Agencies
- Payment Options- NEFT, RTGS, Bharat Bill payment etc.
- Complete List of Obituaries
- Recently Appointed Brand Ambassadors List
- Monthly GK Digest
- Ministry of Cabinet Ministers
- Renamed Govt. Schemes, Cities, Airports & Railway Stations
- Indian Financial System
- Financial market instruments
- International reports and indices
- Important committees
- Foreign investment and trade
- Growth numbers by various organization
- Union budget
- Latest mergers and MOUs of banks and financial institutions
- Heads of various financial organizations
- Mutual Funds
- Basel Norms
- Regulatory organizations: SEBI/NABARD/RBI
- Joint Military Exercises of India
- List of Summits and Conferences
- India's Rankings in Different Indices
- List of Appointments
- List of Important Days With Themes
- List of MoUs signed by India
- List of Sports Events & Winners
- Awards and Honours
Quantitative Aptitude
- Data Interpretation
- Boats and Streams
- Time and Work
- Time, Speed and Distance
- Partnership
- Mixtures and Alligation
- Ages and Average
- Profit and Loss
- Percentage and Interest
- Problems on Trains
- Pipes and Cisterns
- Area and Volume
- Number Series
Computer Awareness
- Hardware and Software
- Operating System
- Internet Terms and Services
- MS-Office (MS-Word, MS-Excel, MS-PowerPoint)
- History of Computers
- Networking and Communication
- Database
- Security Tools and Viruses.
Syllabus for Part C
English (Descriptive Test)
- Precise Writing
- Essay Writing
- Letter Writing
Part A: Professional Knowledge (Legal Stream)
- Insurance laws and Regulations
- General Insurance Business (Nationalization) Act, 1972
- Insurance Act, 1938
- Insurance Regulation Development Authority of India Act, 1999
- Motor Vehicle Act, 1988
- IRDA Regulations
- Constitutional Law, Administrative law & Civil & Criminal Law
- Constitution of India, 1950
- Administrative Law
- Civil procedure Code, 1908
- Limitation Act, 1908
- Indian Evidence Act, 1872
- Indian Contract Act, 1972
- Transfer of Property Act, 1882
- Registration Act, 1908
- Indian Stamp Act, 1899
- Bombay Stamp Act, 1958
- Arbitration and Conciliation Act, 1996
- Indian Penal Code, 1860
- Code of criminal procedure, 1973
- Miscellaneous Law
- Labour Laws
- Companies Act, 2013
- Information Technology Act, 2000
- Competition Act, 2002
- Right To Information Act, 2005
- Specific Relief Act, 1963
- The Negotiable Instruments Act, 1881
- Partnership Act, 1932
- Taxation Laws including GST
- Insolvency and Bankruptcy Code, 2016
- Securities Laws
- Intellectual Property Laws
- Consumer Protection Act, 1986
Part A: Professional Knowledge (Finance & Accounts)
Professional Knowledge (F & A)
Module A
- Overview of Credit
- Principles of lending
- Credit policy
- Types of borrowers & types of credit facilities
- Credit delivery Credit Appraisal
- Credit rating
Module B
- Analysis of Financial Statements
- Basics of Financial statements
- Ratio analysis
- Cash flow statement
- Fund flow statement
- Project appraisal
- Working capital management
Module C
- Financial management
- Indian Financial System
- Regulatory bodies in India
- Money market and Capital market instruments
- Time value of money
- Basics of derivatives
- Leverages
- Capital budgeting
Module D
- Other credits
- Export finance
- Priority sector lending
- Non-fund based Credit Facilities
- Government sponsored schemes
- Retail loans
Module E
- Management of Impaired assets
- Documentation
- IRAC norms
- Types of charges
- Management of impaired assets
- IBC 2016
- SARFAESI ACT
Module F
- RBI circulars and related laws
- RBI circulars (1 year)
- Companies act
- Contract act 1872
- Banking regulation 1949
- RBI act 1934
- Negotiable instruments act 1881
- Payment and settlement act 2007
The Basic Financial Statement
- Trial Balance
- Balance Sheet
- Cash flow statement
- Income Statement
Cost accounting concepts (basics)
- Marginal costing
- Cost volume profit analysis
- Cost sheet
- Forecasting
- Absolute costing
- Social accounting
Management accounting
- Cost of capital
- Capital structure
- Capital budgeting
- Sources of finance
Corporate accounting
- Dividend distribution in cooperative
- Share issues
Indian Financial System
- Banking Reforms
- Regulatory Bodies in India- NABARD, SEBI etc.
- International Banking
- Important RBI Circulars
- Latest Updates in Financial & Capital Markets
- Financial Terms
- Banking Terms
- Latest Acts related to Banking
- Priority Sector Lending
- NPA - latest news
- SARFAESI Act
- RBI Monetary Policy
- Capital & Money Market Instrument
- Commercial Banks, NBFCs, HFC - Latest news
- Mergers and Acquisitions in Banking Companies
- Credit Rating and Agencies
- Payment Options- NEFT, RTGS, Bharat Bill payment etc.
10. Banking Regulation Act
11. Knowledge of IT and Cooperative
12 . Knowledge of IT and Digital Transaction
13. Compliance of KYC Norms
Part A: Professional Knowledge(Insurance)
- Insurance Awareness
- Insurance – history and types
- Principles of insurance
- Government schemes related to insurance
- Legal principles of an insurance contract
- IRDA – powers and functions
- Grievance redressal mechanism
- Documentation
- Claims procedure
- Insurance Terms
- Underwriting
- Financial Awareness
- Financial markets
- Banking awareness
- Derivatives
- Stock exchanges
- Mutual funds
- Depositories
- Regulatory organizations
- International financial organizations
- Union Budget 2024
- RBI, SEBI and IRDA’s important circulars
- Government schemes related to financial markets
- Tax provisions related to financial markets
Part A: Professional Knowledge (HR)
Principles and Practices of Management:
- Development of Management Thought, Contributions of Taylor, Fayol, Mayo, C.I. Barnard. Behavioural Approach, Systems Approach, Quantitative Approach and Contingency Approach.
- Function of Management: Planning and Decision Making, Organizing, Staffing, Directing, Controlling, and Coordinating.
Human Resource Management:
- Conceptual framework, Human Resource Planning, Job Analysis, Recruitment, Selection, Placement, Induction, Training and Development, Performance Management, Job Evaluation, Compensation Management, Employee Benefits and Incentives, and Managing Career.
- New Trends in HRM: Changing environment of HRM and contemporary challenges
Human Resource Development:
- Concepts, Assumptions, Values, HRD Mechanisms, Action – research Model, HRD Culture and Climate, HRD Interventions, HR Accounting and Audit, Consultant – client relationship, Knowledge Management, Human Resource Information System.
- International Human Resource Management (IHRM): Organizational context of IHRM, IHRM and Sustainable Business, Functions of IHRM, Cross–Cultural Studies, Cultural Diversity, Transnational Organizations, IHRM models.
Organizational Behaviour:
- Concept, Scope, Nature of human behaviour, Personality, Perception, Learning, Attitude, Motivation, Interpersonal Behaviour, Group Dynamics, Leadership, Communication, Power and Authority, Stress, Organizational Change and Development.
Industrial Relations:
- Concept, Scope, Evolution, Approaches, Actors and Models, Conflict and cooperation, Bi-partitism, Tri-partitism, Collective Bargaining, Workers’ Participation in Management, Grievance Handling and Disciplinary Action, Code of Conduct, Industrial Relations in changing scenario, Employers’ organisations.
- Trade Unions: Concepts, Evolution, Problems of trade unions in India, Recognition, The Trade Unions Act, 1926. Emerging role of trade unions in India.
Industrial Disputes:
- Factors, Forms, Trends, Prevention and Settlement, Role of State and Central Labour Administration, Strikes and Lockouts. The Industrial Employment (Standing Orders) Act, 1946. The Industrial Disputes Act, 1947.
Labour Legislation:
- Objectives, Principles, Classification and Evolution. International Labour Organisation, Social Justice and Labour Legislation, Indian Constitution and Labour Laws.
- The Factories Act, 1948.
- The Mines Act, 1952.
- The Interstate Migrant Workmen (Regulation of employment and conditions of service) Act, 1979.
- The Contract Labour (Regulation and Abolition) Act, 1970.
- The Building and other Construction Workers (Regulation of employment and conditions of service) Act, 1996.
- The Child Labour (Prohibition and Regulation) Act, 1986.
Wages:
- Concept, Types, Factors influencing wages, Wage Theories and Wage Differentials
- The Minimum Wages Act, 1948.
- The Payment of Wages Act, 1936.
- The Payment of Bonus Act, 1965.
- The Equal Remuneration Act, 1976.
- The Payment of Gratuity Act, 1972.
- The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952.
Labour Welfare:
- Labour Welfare: Concept, Scope, Types, Theories and Principles, Industrial Health and Hygiene, Industrial Accidents and safety, Occupational Diseases Social Security: Concept and Scope, Social Assistance and Social assurance.
Labour Market:
- Features, Demand and Supply of Labour, Nature and Composition of Indian Labour Force, Unemployment and Underemployment, Types of Labour Market,
- Characteristics of Indian Labour Market, New Dynamics of Labour Market in India, Economic Systems and Labor Market, Problems of Labour in India.
General Insurance Corporation of India Assistant Manager (Scale-I) Course by Team BankExamsToday
Team BankExamsToday is offering is a full-fledged, comprehensive and systematic course for the preparation of General Insurance Corporation of India Assistant Manager (Scale-I) exams.
Course features
- Daily video classes
- Study Material
- Live sessions
- Special attention to Professional Knowledge & General Awareness section from Day 1
- Interview preparation guide
