Indian Corporations- GIC Actuarial Apprentice Recruitment 2022– GIC invites applications for recruitment of 10 Actuarial Apprentice Posts. Apply before 22 April 2022.

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GIC

Name of the Post & No of Vacancies:

GIC Invites Applications for the Following Posts

SI No Name of Posts No. of Posts
1. Actuarial Apprentice 10
Total 10

Educational Qualification: (As on 31.03.2022)

i. Graduation/Post Graduation in Science from recognized University with Mathematics or Statistics as main subject with 60% or more marks in aggregate, or

ii. Graduation/Post Graduation in Commerce from recognized University with Statistics/Actuarial Science as main subject with 60% or more marks in aggregate, or

iii. Graduation in Arts with Actuarial Science as major subject from recognized University with 60% or more marks, or

iv. Post-graduate Diploma in Actuarial Science with 50% or more marks (10% relaxation in marks for SC/ST candidates).

AND

The candidate should have passed at least 2 actuarial subjects (As per New Curriculum) of exam conducted by Institute of Actuaries of India (IAI) or Institute and Faculty of Actuaries (IFoA).

Age Limit: (As on 31.03.2022)

21 years (completed) and not more than 27 years i.e. candidate should have been born not earlier than 31.03.1995 and not later than 31.03.2001 both days inclusive, relaxation up to 30 years for OBCs and 35 years for SCs/STs. Age relaxation for PWD candidates is as per rules.

Stipend:

1st Year – Rs.30000/-

2nd Years  – Rs.35000/-

On absorption on regular basis, as Assistant Manager (Scale I Officer) after passing minimum 8 actuarial subjects (As per New Curriculum), the emoluments will be fixed in the scale of Basic Pay Rs. 32.7951-per month in the scale of Rs.32795 -1610(14) – 55335 -1745(4) – 62315 and other admissible allowances like DA, HRA, CCA, etc. The total emoluments will be about Rs.650001-p.m. plus other benefits which are New Pension Scheme and Newspaper /Internet Allowance Leave Travel Subsidy, Medical Benefits, Personal Accident cover, housing and vehicle loans with subsidized interests, and interest free advances for festival, natural calamities and any other benefits as per rules and on confirmation of service in the Corporation the officers are also entitled for Corporation’s leased accommodation as per norms.

Selection Process:

GIC may follow the following process to select the candidates.

1. Interview/Group Discussion

How to apply:  

  • Interested candidates may apply in the prescribed application form as per Annexure.
  • 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 subjects 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 recruitment@gicofindia.com.The original application along with the original certificates are to be brought during the Interview/Group Discussion.

Important Dates: 

Starting Date for Submission of Application 05.04.2022
Last date for Submission of Application 22.04.2022

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