General Insurance Corporation of India Recruitment 2020 | Actuarial Apprentices

General Insurance Corporation of India has Published Notification For Actuarial Apprentices Vacancy. Invites Application From Graduation/Post Graduation Degree Holder Candidates. Job Seekers of Mumbai Can Send Their Application For Above GIC Jobs Before the Last Date.

General Insurance Corporation of India Recruitment Recruitment 2020

Job Recruitment Board General Insurance Corporation of India
Notification No.
Post Actuarial Apprentices
Vacancies 07
Job Location Mumbai
Job Type Bank Jobs
Application Mode Online by Email

General Insurance Corporation of India Vacancy 2020

Important Dates

Last Date 25-10-2020

GIC Vacancy 2020 Details

  • Actuarial Apprentices: 7 Posts (Four for Non-Life Reinsurance & Two for Life Reinsurance & One for Obligatory Cell)

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 a total of 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.

Eligibility Criteria

Age Limits

  • 21 years (completed) and not more than 27 years
  • relaxation up to 30 years for OBCs and 35 years for SCs/STs. Age relaxation for PWD candidates is as per rules.

Education Qualification

  • Graduation/Post Graduation in Science from recognized University with Mathematics or Statistics as the main subject with 60% or more marks in aggregate, or
  • Graduation/Post Graduation in Commerce from recognized University with Statistics/Actuarial Science as the main subject with 60% or more marks in aggregate, or
  • Graduation in Arts with Actuarial Science as major subject from recognized University with 60% or more marks, or
  • Post-graduate Diploma in Actuarial Science with 50% or more marks


  • The candidate should have passed at least 7 actuarial subjects of an exam conducted by the Institute of Actuaries of India (IAI) or Institute and Faculty of Actuaries (IFA).

Salary/Pay Scale

  • With a minimum of 7 or 8 subjects Rs. 14,000/-
  • 9 or 10 subjects Rs. 15,000/-
  • More than 10 subjects Rs. 16,000/-

Selection Process

  • Interview/Group Discussion (to be conducted only in Mumbai).
  • All eligible candidates will be called for interview/ Group Discussion and their selection will be based on their performance in Interview/Group Discussion.
  • The final Selection of candidates will be subject to Medical Examination.
  • The posting of selected candidates will be at the Head Office of GIC Re.
  • The selected candidates will be for both the streams i.e. life and non-life

Application Fee

  • There is no application fee.

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How to Apply

  • Interested candidates may apply in the prescribed application form.
  • 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
  • Affix passport size photograph at the right-hand top corner of the application.
  • Then send the scan copy of the application along with the other required documents to the email id [email protected]
  • The original application along with the original certificates is to be brought during the Interview/Group Discussion.

Note: The Applicants Are Requested to Read the Official Notification Carefully Before Apply.

Important Links

Official Notification & Application Form Download
Official Website Check Here
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Updated: October 16, 2020 — 10:49 am

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