Are you aspiring to build a career in the insurance and actuarial domain? The General Insurance Corporation of India (GIC Re) has announced a prestigious recruitment drive to select talented individuals for the position of Actuarial Apprentice. This comprehensive job opportunity is designed for graduates and postgraduates who are keen on gaining hands-on experience in the insurance sector while preparing for actuarial certifications. If you meet the eligibility criteria and are ready to embark on this rewarding journey, read this detailed job description to understand all aspects of the recruitment process, benefits, and application procedures.
## GIC Re Actuarial Apprentice Recruitment 2025: Complete Job Profile and Details
Overview of the Recruitment Drive
The GIC Re Actuarial Apprentice program aims to onboard 20 enthusiastic candidates to assist in actuarial functions related to Life and Non-Life insurance businesses. Selected candidates will undergo a structured apprenticeship with attractive stipends, comprehensive benefits, and opportunities for career advancement. This initiative is part of GIC Re’s commitment to nurturing actuarial talent and creating a pipeline of skilled professionals for the insurance industry.
Vacancy Details
| Stream | No. of Posts |
|---|---|
| Actuarial Apprentice (Non-Life Business) | 12 |
| Actuarial Apprentice (Life Business) | 08 |
| Total | 20 |
Note: The number of vacancies is indicative and may vary as per administrative requirements and government guidelines. Reservation will be applied as per the prevailing employment policies.
Eligibility Criteria
Educational Qualifications
To be eligible for this position, candidates must possess:
- Graduation or Post-Graduation in any discipline with a minimum of 60% marks. (Relaxed to 50% for SC/ST candidates.)
- At least two actuarial papers cleared from recognized institutes:
- Institute of Actuaries of India (IAI) or
- Institute and Faculty of Actuaries (IFoA), UK.
Age Limit
The candidate’s age should be within the following limits as on 01-11-2025:
- Minimum Age: 21 Years
- Maximum Age: 27 Years
Age relaxation is applicable as per government rules:
- OBC: 3 Years
- SC/ST: 5 Years
- PWD: As per applicable rules
Salary and Stipend Structure
During Apprenticeship
| Year | Stipend |
|---|---|
| 1st Year | ₹40,000/- per month |
| 2nd Year | ₹45,000/- per month |
Post-Absorption as Scale-I Officer
Upon successful completion of the apprenticeship and clearing the required actuarial papers, candidates will be absorbed as Scale-I Officers with the following benefits:
- Basic Pay: ₹50,925/-
- Gross Salary (approximate): ₹85,000/- per month including allowances
- Allowances include DA, HRA, CCA, and other permissible benefits.
- Additional benefits include housing, medical facilities, LTC, loans at subsidized rates, pension schemes, and more.
Important Dates
| Event | Date |
|---|---|
| Notification Release Date | 17-Nov-2025 |
| Start of Online Application | 17-Nov-2025 |
| Last Date for Online Submission | 07-Dec-2025 |
| Last Date for Sending Documents | 07-Dec-2025 |
Selection Process
The selection process is designed to thoroughly assess candidates’ suitability for the role. It involves:
1. Online Interview / Group Discussion
Candidates will be evaluated through an online interview or group discussion to test communication skills, subject knowledge, and overall suitability.
2. Medical Examination
A medical check-up will be conducted to ensure fitness standards are met.
3. Final Merit List
The final selection will be based on performance in interviews, medical fitness, and overall merit, considering reservation quotas as applicable.
Location of Posting
Selected candidates will be posted at the Head Office of GIC Re in Mumbai. However, operational requirements may necessitate posting at other locations as per the company’s discretion.
How to Apply
Step-by-step Application Procedure
- Visit the official GIC Re recruitment portal or directly access the Online Application Form.
- Fill in all required details carefully in the application form.
- Upload scanned copies of necessary documents:
- Caste Certificate (if applicable)
- Date of Birth Proof (10th Certificate or Birth Certificate)
- Graduation & Post Graduation Certificates and Mark sheets
- Actuarial Papers Passed Certificates (IAI / IFoA)
- Recent Passport Size Photograph
- Updated Bio-Data / Resume
- Send the self-attested scanned copies of these documents via email to [email protected] with the subject line: “Application for Actuarial Apprentice 2025”.
- Ensure that all documents reach before the closing date: 07-Dec-2025.
Important Links
Frequently Asked Questions (FAQs)
1. What is the last date to apply for GIC Re Actuarial Apprentice 2025?
The last date to submit the application is 07-Dec-2025.
2. How many vacancies are available?
There are a total of 20 vacancies, split into 12 for Non-Life Business and 8 for Life Business.
3. What are the minimum educational qualifications required?
A candidate must have a graduation or postgraduate degree with at least 60% marks (50% for SC/ST) and at least two actuarial papers cleared from recognized institutes.
4. What is the age limit for applicants?
The candidate should be between 21 and 27 years as of 01-11-2025, with age relaxations applicable as per government policies.
5. What stipend is provided during the apprenticeship period?
Stipends of ₹40,000/- per month in the 1st year and ₹45,000/- per month in the 2nd year are provided.
This comprehensive overview offers all necessary information to assist prospective candidates in preparing for the GIC Re Actuarial Apprentice recruitment process. For further details and updates, candidates are advised to visit the official GIC Re website regularly.