The General Insurance Corporation of India is a government-owned business that specializes in various kinds of general insurance services. The purpose of GIC is to look after the business of general insurance in the country, take on a supervisory role over the various insurance subsidiaries and administer the proper functioning of the insurance industry. GIC, as an organization, is the only reinsurer in the Indian market and therefore, its significance is multifold.
The General Insurance Corporation of India (GIC) conducts its recruitment process to hire highly qualified professionals as Assistant Managers. The post of GIC Assistant Manager is highly sought-after by candidates and therefore, lakhs of aspirants apply for this position. With the increasing competition for all government posts, all aspirants must give their best while preparing for the GIC Assistant Manager exam. Many candidates who apply for this post find it difficult to formulate a preparation strategy that can help them clear the exam in one go.
Vacancies for the post of Assistant Manager, also known as Reinsurance Officer Scale 1, are rolled out through the official website of the insurance provider. Candidates are advised to keep a close eye on the official website for all the latest details about the recruitment process or other relevant details related to upcoming govt exams.
GIC Assistant Managers are hired for four divisions and the eligibility criteria differ based on previous experience and educational qualifications –
- Finance and Accounting
- General
- Legal
- Insurance
To get started with the preparation process and formulating a fool-proof strategy to clear the exam, all aspirants need to be aware of the various aspects of the recruitment process. The GIC Assistant Manager post recruitment is conducted through a national-level online examination process. There is no one-way shortcut to clear the GIC Assistant Manager exam. Aspirants should focus on multiple aspects of the preparation process to ace the exam –
- Know the Eligibility Criteria
This step is essential to focus on before deciding to go ahead with the recruitment process. Every person who is interested in this position should check the eligibility criteria for the examination before applying for it. The eligibility criteria of the GIC Assistant Manager exam includes:
- Nationality – The candidate applying for the position should either be a citizen of India, a subject of Nepal or Bhutan, a Tibetan refugee, or an Indian-origin person who is permanently settled in India.
- Age Limits – A candidate applying for this position should be at least 21 years of age and should not be more than 30 years. Some age relaxation is provided to socially marginalized groups to promote inclusivity.
- Educational Qualifications – Educational qualifications are different for different streams of the GIC organizational structure. For a position in Finance and Accounting, a candidate must have an undergraduate degree from a reputed University. Non-mandatory but desirable additional qualifications include Chartered Accountant or Cost Accountant. For the General and Insurance positions, an undergraduate degree in any discipline would be sufficient. An LLB degree is required to apply for the Legal position. A candidate with relevant experience in the legal field or having an LLM would benefit the corporation.
Checking the eligibility criteria and matching the qualification should be done before filling the recruitment form.
- Know the Selection Process
Knowledge about the selection process should be clear to ensure that you focus on all aspects of the recruitment process. GIC Assistant Manager selection process has two online tests, a group discussion, and a final personal interview. While at the beginning of your preparation, your focus should be on preparing for the online examination, you should not neglect the group discussion and personal interview as these can make or break your candidature. General and OBC candidates must secure 60% marks in the online test and 60% overall cumulative marks in the overall procedure. The same is reduced to 50% for aspirants belonging to Scheduled Caste and Scheduled Tribes.
- Know the Syllabus and Structure of the Examination
The syllabus and structure of the online examination are different for different streams. Understanding the exam pattern will help candidates prepare a strategy that would help them cover all aspects. For Specialist Positions, the exam pattern is as follows –
- Part A – This part has objective-type questions that test the basic technical knowledge of the specialization and has a Professional Knowledge Test. This section has 40 questions, with one mark allotted to each question.
- Part B – Part B also has objective-type questions where the candidates will be tested on their Reasoning Skills, English Language Skills, General Awareness and Knowledge, Numerical Ability, and Computer Literacy, with the number of questions being 20, 25, 20, and 15, respectively.
- Part C – This part consists of descriptive type answers that test a candidate’s English language skill, essay writing, and comprehension skills with 3 questions of 10 marks each.
For the general stream, the syllabus and exam pattern differs from the one mentioned above. The exam pattern is as follows –
- Part A – This section has objective-type questions that test a candidate’s Critical thinking and High Order Reasoning Ability, with 40 questions of one mark each.
- Part B – This section includes a Test of Reasoning, a test of English Awareness, General Knowledge and Awareness, and Numeric Ability with Computer Basics.
- Part C – This part consists of descriptive type answers that test a candidate’s English language skill, essay writing, and comprehension skills with 3 questions of 10 marks each.
- Preparation and Practice
After understanding the syllabus and the structure of the exam, candidates can divide their syllabus depending upon their level of preparation, knowledge of the subject, the time required for each section, etc. Practice is the key to clear the recruitment process. Sufficient and relevant practice will help you build your speed and accuracy during the exam. Frequent chapter and sectional tests can also help you prepare for the real exam.
- Mock Tests
Mock Tests are an indispensable part of the preparation process. Mock tests help candidates understand the examination process better, allows them to create an exam-like environment, encourages them to complete their exam in the given time, and helps them get insight into what areas they should work on.
Preparing for any competitive exam is not easy, however, with proper understanding, knowledge, and strategy, GIC Assistant Manager aspirants can secure this position. Expert guidance and proper practice can help them overcome any difficulties while preparing for the exam.
