Recruiter: General Insurance Corporation of India (GIC)
Overview
The General Insurance Corporation of India (GIC) has invited applications for the position of Actuarial Apprentice. This is a training/apprenticeship program targeted at young graduates and postgraduates who have cleared actuarial examinations. :contentReference[oaicite:0]{index=0}
Vacancy Details
Number of Apprentices: 7 Actuarial Apprentices. :contentReference[oaicite:1]{index=1}
Eligibility Criteria
- Educational Qualification: Graduation or Post-Graduation in Science (Mathematics / Statistics), Commerce (Actuarial Science / Statistics), or Arts (with Actuarial Science). :contentReference[oaicite:2]{index=2}
- Minimum Marks: ~60% in relevant degree. :contentReference[oaicite:3]{index=3}
- Actuarial Exams: Candidates must have passed at least **3 actuarial subjects** from the Institute of Actuaries of India (IAI) or Institute & Faculty of Actuaries, UK. :contentReference[oaicite:4]{index=4}
- Age Limit: ~ 21 to 27 years, with relaxations for OBC, SC/ST as per government norms. :contentReference[oaicite:5]{index=5}
Apprenticeship Duration & Conditions
The apprenticeship is for **3 years**. :contentReference[oaicite:6]{index=6} Apprentices are required to clear a certain number of actuarial subjects within this period. :contentReference[oaicite:7]{index=7} If they complete more subjects (for example, 10), they may be considered for a regular role (Assistant Manager, Scale I) in the company. :contentReference[oaicite:8]{index=8}
Stipend / Compensation
The monthly stipend for the apprenticeship is in the range of ₹ 30,000 to ₹ 35,000 (depending on the year). :contentReference[oaicite:9]{index=9}
Selection Process
Candidates will be selected based on their applications, academic records, and performance in interview / group discussion. :contentReference[oaicite:10]{index=10} Final selection is subject to medical fitness. :contentReference[oaicite:11]{index=11}
How to Apply
- Visit the official GIC / GIC-Re website. :contentReference[oaicite:12]{index=12}
- Locate the “Actuarial Apprentice” recruitment section.
- Fill in the application form with personal, educational, and actuarial exam details.
- Upload required documents (educational certificates, actuarial exam certificates, ID proof, photo, etc.).
- Submit the form as directed in the notification.
Important Notes / Conditions
Reserved category norms apply as per government guidelines. :contentReference[oaicite:13]{index=13} The total number of vacancies may change depending on the final selection. :contentReference[oaicite:14]{index=14}
Disclaimer: This information is compiled from publicly available sources and may not reflect the most recent changes. Candidates are advised to refer to the official GIC recruitment notification for complete and precise details. :contentReference[oaicite:15]{index=15}