GIC Assistant Manager Salary 2024, Pay Scale, Salary Structure

The General Insurance Corporation of India (GIC) has announced 110 openings for the post of Assistant Manager through its official recruitment notification. Aspiring candidates must be aware of key details related to the recruitment, including the GIC Assistant Manager Salary 2024. The position offers a basic pay of ₹50,925/- along with numerous perks and benefits provided to selected candidates. This article covers all the essential information about the GIC Assistant Manager Salary 2024, including the perks and allowances associated with the role.

GIC Assistant Manager Salary 2024

The Assistant Manager in the General Insurance Corporation is a highly sought position and this is a great opportunity for the candidates. According to the official notification, the total monthly GIC Assistant Manager Salary 2024 will be approximately ₹85,000/-. This post is especially appealing due to its impressive salary structure.

GIC Assistant Manager Salary- Overview

As stated in the official notification, the GIC Assistant Manager Salary 2024 follows the pay scale of ₹50,925 – 2,500(14) – 85,925 – 2,710(4) – 96,765. In this article, we have provided the complete details of the GIC Scale 1 Salary 2024, including its perks, allowances, career growth opportunities, and more.

GIC Assistant Manager Salary Structure

As per the official notification, the GIC Assistant Manager Salary Structure 2024 offers an impressive package. The basic pay starts at ₹50,925/-, and the pay scale is structured as ₹50,925 – 2,500(14) – 85,925 – 2,710(4) – 96,765. The total monthly salary, including allowances, is approximately ₹85,000/-. To provide more clarity, a detailed table of the GIC Assistant Manager Salary Structure 2024 is included below.

GIC Assistant Manager Salary: Benefits

Under the new pension scheme, GIC offers attractive benefits alongside its salary structure. Some of the key benefits for GIC Assistant Managers in 2024 include:

• Medical Benefits
• House Furnishing Allowance
• Household Help Allowance
• Leave Travel Subsidy
• Sodexo Coupons
• Personal Accident Coverage
• Newspaper/Internet Allowance
• Housing Assistance
• Support during natural calamities
• Subsidized vehicle and computer loans
• Interest-free festival advances

GIC AM Salary: Perk and Allowance

Below are the perks and allowances offered by GIC to its Assistant Managers. For your convenience, we have listed the GIC AM Salary 2024 perks and allowances:

1. Dearness Allowance (DA)
2. House Rent Allowance (HRA)
3. City Compensatory Allowance (CCA)

GIC Assistant Manager Service Conditions

The selected candidates for the GIC Assistant Manager post are governed by the terms and conditions of service as per the General Insurance Corporation of India, subject to updates over time. The positions are permanent, with initial postings exclusively in the Corporate Office in Mumbai. However, candidates can be transferred to any location in India or abroad, based on the organization’s requirements.

GIC Assistant Manager Job Profile

The GIC Assistant Manager Job Profile involves administrative, managerial, and technical responsibilities in the General Insurance Corporation of India. Key duties include:

1. Policy Management: Designing and managing insurance policies, ensuring compliance with regulations.
2. Underwriting: Assessing risk and approving insurance policies.
3. Claims Processing: Handling claims efficiently and providing resolutions.
4. Financial Analysis: Managing budgets, reviewing financial reports, and ensuring profitability.
5. International Exposure: Opportunities to work in global branches, contributing to international insurance operations.
6. Customer Interaction: Resolving customer queries and fostering client relationships.

GIC Assistant Manager Salary: Career Growth

After being appointed as an Assistant Manager at the General Insurance Company, candidates become eligible to apply for promotions. GIC conducts internal exams and interviews for advancement, offering significant career growth opportunities. Therefore, this GIC Assistant Manager Recruitment is an excellent chance for aspiring candidates to build a successful career.

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