Dear Readers,
General Insurance Corporation of India (GIC of India) has released an official notification inviting eligible candidates for the post of Officer Scale I in the cadre of Assistant Manager (Insurance) Scale I. We are sharing the Important information about the latest notification about the Exam date, Number of vacancies, Exam Pattern and Syllabus for GIC Scale 1: Assistant Manager (Insurance) according to the latest pattern.|
On line, Registration commences from |
11.03.2021 |
|
Last Date for Online Registration |
29.03.2021 |
|
Payment of Application fees |
From 11.03.2021 to 29.03.2021 |
|
Tentative Date of Online Examination |
9th MAY 2021 (Afternoon Shift) |
|
Downloading of call letters for examination commences from |
Around 10 days prior to the date of examination |
|
Online Pre-recruitment training for SC/ST/OBC/PWD candidates |
26.04.2021 TO 29.04.2021 |
Eligibility Criteria
Educational Qualification
- Graduation in any discipline with minimum 60% marks for General & OBC candidates (55% for SC/ST candidates) and candidates should possess Post Graduate Degree/Diploma in General Insurance/ Risk Management/ Life Insurance/ FIII/ FCII.
Age Criteria
- Minimum age: 21 years.
- Maximum age: 30 years
- The candidate should have been born not earlier than 02.02.1991 and not later than 01.02.2000 both days inclusive.
Relaxation in upper age limit
|
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 |
Selection Process
|
|
|
Max. Marks |
Number of Questions |
|---|---|---|---|
|
PART A |
Professional Knowledge | 40 |
40 |
|
(Objective) |
|
|
|
|
PART B |
Test of Reasoning |
20 |
20 |
|
(Objective) |
Test of English Language |
25 |
25 |
|
|
Test of General Awareness |
20 |
20 |
|
|
Test of Numerical Ability & Computer Literacy |
15 |
15 |
|
Part C (Descriptive) |
Test in English Language – Essay, precise and Comprehension |
30 |
03 |
|
|
|
150 |
123 |
- Minimum qualifying marks in the online test – 60% for General & OBC and 50% for SC /ST.
- Minimum qualifying marks for the overall selection process (online test, GD and Interview) – 60% for General & OBC and 50% for SC /ST.
Syllabus for Part A
Insurance and Financial Market Awareness
- 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 2020-21 Highlights
- RBI, SEBI and IRDA’s important circulars
- Government schemes related to financial markets
- Tax provisions related to financial markets
Syllabus for Part B
Reasoning Ability
- Machine Input Output
- Puzzles
- Seating Arrangement
- Order and Ranking
- Inequalities
- Statement and Assumptions
- Statement and Conclusion
- Coding-Decoding
- Cause and Effect
- Statement and Argument
- 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 2021
- 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 in 2021
- List of Important Days With Themes
- List of MoUs signed by India in 2021
- Upcoming Sports Event From 2017-2023
- List of Sports Events & Winners – 2021
- Awards and Honours 2021
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 Basics
- 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
- Precise Writing
- Essay Writing
- Letter Writing
