The General Insurance Corporation of India (GIC) provides a lucrative salary package and career growth opportunities for its Assistant Manager (Scale-I) position. All the appointed candidates receive basic pay of Rs.50,925/- per month on the scale of Rs.50925 -2500(14) – 85925 -2710(4) -96765.
Along with the basic emoluments, candidates will also be eligible for all the admissible allowances including DA, HRA, CCA, etc. Get the complete details about the GIC Assistant Manager Salary including in-hand salary, job profile, etc on this page.
GIC Assistant Manager Salary
The General Insurance Corporation of India (GIC) has invited online applications from Graduates / Post Graduates in various disciplines to fill the positions of 110 Officers in the cadre of Assistant Manager (Scale-I) to be posted in the Head Office, Mumbai.
The total emoluments of all the recruited Assistant Managers will be approximately Rs. 85,000/-p.m. plus other benefits as per the guidelines of the corporation. Apart from knowing the monthly remuneration, candidates must also check the job profile to get in-depth knowledge of the responsibilities allocated after joining the post.
GIC Assistant Manager Salary Structure
The GIC salary structure for the assistant manager comprises numerous details like basic pay, pay scale, gross salary, net salary, deduction, applicable allowances, and much more. However, the actual salary package depends on the job location of the candidates and other factors. Here is the detailed salary structure defined below.
| Components | Amount |
| Basic Pay | Rs. 50,925 |
| Dearness Allowances | Varies |
| House Rent Allowances | 7%-15% of Basic Pay |
| Gross salary | Rs. 85000 |
| Deductions | PF, Income Tax |
| Net Salary | Rs. 50,925- Rs. 85000 |
Candidates must be aware of the salary and job profile well in advance before applying for the post. This will help them avoid any sort of confusion after the appointment and also help in identifying whether the job requirements suit their career goals.
Assistant Manager In Hand Salary
The candidates appointed for the assistant manager post in GIC will be liable to be posted anywhere in India as well as abroad as per the requirement of the Corporation. The in-hand salary is the combination of basic pay and allowances. The monthly remuneration of the appointed candidates is expected to be around Rs. 85,000/-p.m. plus other admissible benefits.
Salary Slip
The assistant manager’s salary slip is offered to all the employees at the end of every month. It is considered one of the crucial documents because it acts as proof of employment and can also be used to avail loans or file taxes. It comprises all the information related to employees’ earnings including basic pay, gross salary, etc.
GIC Assistant Manager Allowances and Perks
Along with the basic GIC Assistant Manager Salary, all the appointed candidates will also receive a wide range of perks, allowances, and benefits as per the guidelines and upon confirmation of service in the Corporation. The officers will also be eligible for the Corporation’s / leased accommodation as per norms.
However, presently corporation-owned accommodations are not available, whereas lease accommodation will be allowed as per the guidelines. The current lease accommodation limit in Mumbai is Rs.45,000/- per month. The allowances amount may vary significantly depending on the location where employees are posted. The list of lucrative perks and allowances is shared below.
- DA
- HRA
- CCA
- New
- Pension Scheme and Newspaper /Internet Allowance
- Leave Travel Subsidy
- Medical Benefits
- House Furnishing Allowance
- Household Help Allowance
- Sodexo
- Personal Accident cover housing, vehicle and computer loans with subsidized interest
- Interest-free advances for festivals, natural calamities
GIC Assistant Manager Job Profile
GIC provides exceptional opportunities for career advancement in its specialized fields through comprehensive training programs both domestically and internationally.
Aspirants must be familiar with the roles and responsibilities involved in the job profile for smooth functioning after joining the post. Check the detailed job profile below.
- To assist in business development and financial functioning.
- To build and develop risk management strategies.
- To ensure all the regulatory guidelines and industry standards are met.
- To perform all the tasks as allocated by higher officials.