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