The General Insurance Corporation of India (GIC Re) is one of the leading public-sector companies in the country, and it is offering a prestigious opportunity for aspiring candidates through the Assistant Manager (Officer Scale-I) position. With an attractive salary package, excellent career growth opportunities, and additional benefits, this role promises to be a rewarding experience for selected candidates. This article delves into the GIC Assistant Manager Salary details, along with job responsibilities and allowances associated with the position.
GIC Assistant Manager (Officer Scale-I) Salary Structure
The Assistant Manager (Officer Scale-I) role at GIC comes with a well-structured salary designed to offer competitive pay. Below is the breakdown of the salary components for this position:
| Position | Basic Salary | Monthly Pay |
|---|---|---|
| Assistant Manager (Officer Scale-I) | Rs 50,925 per month | Rs 85,000 per month |
Pay Breakdown:
- Basic Salary: The basic pay for the Assistant Manager in GIC is Rs 50,925 per month.
- Monthly Pay: The total monthly salary, including allowances, amounts to approximately Rs 85,000 per month.
Additional Allowances and Benefits
In addition to the basic salary, candidates selected for the Assistant Manager (Officer Scale-I) role will receive various allowances and benefits, further enhancing the overall pay package.
- Dearness Allowance (DA): This is provided to help employees cope with inflation and maintain their purchasing power.
- House Rent Allowance (HRA): Candidates are entitled to HRA based on their location of posting, which is a percentage of the basic salary.
- Medical Benefits: GIC offers medical coverage for employees and their dependents.
- Travel Allowance (TA): Employees are eligible for travel allowances depending on the nature of their job and travel requirements.
- Other Benefits: Additional benefits include Provident Fund (PF), Gratuity, and Insurance coverage.
In-Hand Salary of GIC Assistant Manager
The in-hand salary for the Assistant Manager (Officer Scale-I) at GIC typically ranges between Rs 80,000 to Rs 85,000 per month, factoring in the basic pay, allowances, and deductions such as taxes and provident fund contributions.
GIC Assistant Manager Job Profile
The role of an Assistant Manager (Officer Scale-I) in GIC is highly dynamic and involves various responsibilities. Some key aspects of the job include:
Key Responsibilities:
- Policy Management: Assist in the creation, analysis, and management of insurance policies.
- Client Interaction: Interact with clients, providing them with information and guidance about insurance products.
- Risk Assessment: Evaluate potential risks associated with insurance policies and suggest mitigating strategies.
- Claims Processing: Oversee and manage the claims processing process, ensuring timely settlements.
- Team Collaboration: Work in collaboration with other departments to ensure smooth operations and customer satisfaction.
- Report Preparation: Prepare reports related to policies, claims, and underwriting processes.
Career Growth and Promotion
GIC offers excellent career growth opportunities for its Assistant Managers. The organization follows a structured promotion system that rewards performance, allowing employees to advance to higher positions over time.
- Officer Scale-II: After gaining experience, Assistant Managers may be promoted to Officer Scale-II, where they can handle more significant responsibilities and enjoy a higher salary.
- Managerial Positions: Further growth could lead to managerial roles, including Manager and Senior Manager, depending on performance and tenure.
GIC Assistant Manager Work Environment
Working at GIC comes with various perks. As a government-backed company, GIC provides job security and offers an employee-friendly work environment. There is a good work-life balance, and employees have access to regular training programs, ensuring that they are always equipped with the latest skills and knowledge in the field of insurance.
How to Apply for GIC Assistant Manager Position
Interested candidates can apply for the Assistant Manager (Officer Scale-I) role at GIC through the official website of GIC Re. The application process involves online registration, followed by a written examination and personal interview.
- Official Website: gicofindia.com
- Admit Card Availability: Admit cards for the exam will be available approximately 7 to 10 days before the examination date.
Conclusion
The Assistant Manager (Officer Scale-I) position at GIC offers a competitive salary of Rs 50,925 basic pay, with a monthly pay of approximately Rs 85,000. The attractive salary package, combined with allowances, career growth opportunities, and the prestige of working with a leading public-sector organization, makes this position highly desirable. If you are looking for a rewarding career in the insurance sector, the GIC Assistant Manager role is an excellent opportunity.
People May Ask
What is the basic salary for GIC Assistant Manager?
The basic salary for the GIC Assistant Manager (Officer Scale-I) is Rs 50,925 per month.
What is the total monthly salary for an Assistant Manager in GIC?
The total monthly pay for an Assistant Manager at GIC is approximately Rs 85,000, including allowances.
What are the allowances provided to GIC Assistant Managers?
GIC provides several allowances, including Dearness Allowance (DA), House Rent Allowance (HRA), Medical Benefits, and Travel Allowance (TA).
What are the job responsibilities of an Assistant Manager at GIC?
Key responsibilities include policy management, client interaction, risk assessment, claims processing, and team collaboration.
What are the career growth opportunities for GIC Assistant Managers?
With experience, Assistant Managers can be promoted to Officer Scale-II, and further to higher managerial positions within the organization.
How can I apply for the Assistant Manager position at GIC?
You can apply for the Assistant Manager position through the official website of GIC Re at gicofindia.com.
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