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The General Insurance Corporation of India (GIC) has released the GIC Notification 2024 PDF announcing a total of 110 vacancies for Assistant Manager (Scale -I) posts. The official notification outlines Assistant Manager salaries per the 7th pay commission. In this article, we have shared complete details on GIC Assistant Manager Salary 2024, including in-hand salary, job profile, allowances, etc.
GIC Assistant Manager Salary 2024
The starting salary for a GIC Assistant Manager depends on the scale, allowances, and benefits. Generally, the initial pay for a GIC Assistant Manager is around Rs 50,925 per month. The pay scale is Rs. 50925 -Rs. 2500(14) – Rs. 85925 -Rs. 2710(4) – Rs. 96765. Along with the basic salary, candidates will receive various perks and allowances like medical allowances, transport allowances, and other incentives as per the government norms.
GIC Assistant Manager Salary Structure
According to government regulations, candidates hired as GIC Assistant Managers would receive a base salary of Rs. 50,925 in addition to other benefits such as Dearness Allowance (DA) and House Rent Allowance (HRA). Those candidates chosen for this position will carry out a variety of duties in line with the requirements of the department.
| Components | Amount |
| Basic Pay | Rs. 50,925 |
| Dearness Allowances | Based on the DA rate (updated quarterly) |
| House Rent Allowances | 7%-15% of Basic Pay (depends on the city) |
| Other Allowances | HR(House rent), DA(Dearness Allowances) |
| Gross salary | Rs. 85000 |
| Deductions | Provident fund, Income Tax |
| Net Salary | Rs. 50,925- Rs. 85000 |
GIC Assistant Manager Allowances & Perks
Apart from a good salary, many other benefits are also provided to GIC Assistant Managers that encourage employees to do even better and pull them to this career opportunity. Some of these perks are given below.
- Newspaper and Internet allowances
- Leave travel subsidies
- Medical coverage
- Housing loans
- Canteen vouchers
- Accident insurance
GIC Assistant Manager Job Profile
All the candidates who have applied for the post of GIC Assistant Manager Recruitment 2024 should be well aware of their role. Below, through some pointers, we have explained to you what is the work of the GIC Assistant Manager and what responsibilities they have to handle.
- They have to handle all the financial functions as well as risk assessment and also help in business development and regulatory compliance.
- Oversees the claims procedure in order to ensure quick and accurate payments.
- Provides a guarantee that each action complies with relevant laws and guidelines.
- To succeed in the position, one must possess excellent analytical abilities, effective communication, leadership, teamwork, and attention to detail.
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