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General Insurance Corporation of India jobs for Actuarial Apprentices in Mumbai. Last Date to apply: 17 Mar 2017

Actuarial Apprentices

General Insurance Corporation of India
experience-icon 0 Years
salary-icon Not disclosed
Expired

Posted: 08 Mar 17

Job Description

Actuarial Apprentices recruitment in General Insurance Corporation of India


Total Number of vacancies : 07 posts


Qualification: 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 recognised University with 60% or more marks and Post graduate Diploma in Actuarial Science with 50% or more marks. iv. 10% relaxation in marks for SC/ST candidates AND The candidate should have passed at least 3 actuarial subjects of exam conducted by ASI


Monthly Stipend :

With minimum 3 or 4 subjects – Rs.14,000/-

5 or 6 subjects – Rs.15,000/-

More than 6 subjects – Rs.16,000/-


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


Method of selection : Interview/Group Discussion (to be conducted only in Mumbai). Date of Interview: 23rd March, 2017 All eligible candidates will be called for Interview/ Group Discussion and their selection will be based on their performance in Interview /Group Discussion. Final Selection of candidates will be subject to Medical Examination. Posting of selected candidates will be at Head Office of GIC Re. The selected candidates will be for both the streams i.e. life and non-life and the number may be decided by the Corporation.

Job Particulars

Education B.Com, BA, M.Com, BSc, MSc
Who can apply Freshers
Hiring Process Face to Face Interview, Group Discussion
Employment TypeFull Time
Job Id281297
Locality Address
Country India

About Company

The entire general insurance business in India was nationalised by General Insurance Business (Nationalisation) Act, 1972 (GIBNA). The Government of India (GOI), through Nationalisation took over the shares of 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business. General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance. As soon as GIC was formed, GOI transferred all the shares it held of the general insurance companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance companies.

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