Gic Jobs for Recruitment For Assistant Manager in Delhi
GIC
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Job Description
Post Name : Assistant Manager No of Vacancy : 20 Posts Pay Scale : Rs. 32795-62315/- Educational Qualification : Graduate or B.Com or BE / B.Tech in Mechanical /Aeronautical or LLB/B.L. Nationality : Indian Age Limit : 21 to 30 years As on 23.03.2016 Age Relaxation : SC/ST Candidates : 5 years OBC Candidates : 3 years Persons with Disability Candidates : 10 years Job Location : All India Selection Process : Selection will be based on Written Test, Group Discussion & Interview . Application Fee : Candidates have to pay Rs. 500/- through online. How to Apply : Interested Candidates may apply Online through website www.nhb.org.in from 23.03.2016 to 11.04.2016. Important Dates to Remember : Starting Date for Submission of Online Application : 23.03.2016 Last Date For Submission of Online Application : 11.04.2016 Tentative Date of online Examination : 15.05.2016
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Candidate Profile
Graduate or B.Com or BE / B.Tech in Mechanical /Aeronautical or LLB/B.L.
Looking for B.E. / B.Tech , B .Com , LLB graduates profile.
2016-03-11 to 2016-04-11
Company Profile
About Gic
The entire general insurance business in India was nationalised by General Insurance Business (Nationalisation) Act, 1972 (GIBNA).
The Government of India (GOI), through Nationalisation took over the shares of 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business.
General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA.
It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares.
GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance.
As soon as GIC was formed, GOI transferred all the shares it held of the general insurance companies to GIC.
Simultaneously, the nationalised undertakings were transferred to Indian insurance companies.
The next landmark happened on 19th April 2000, when the Insurance Regulatory and Development Authority Act, 1999 (IRDAA) came into force.
This Act also introduced amendment to GIBNA and the Insurance Act, 1938. An amendment to GIBNA removed the exclusive privilege of GIC and its subsidiaries carrying on general insurance in India.
In November 2000, GIC was renotified as the Indian Reinsurer and through administrative instruction, its supervisory role over the four subsidiaries was ended.
With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from March 21, 2003 GIC ceased to be a holding company of its subsidiaries.
The ownership of the four erstwhile subsidiary companies and also of the General Insurance Corporation of India was vested with Government of India.
