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 the salary of Assistant Manager as per 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 GIC Assistant Manager depends on the pay scale, perks and benefits. Generally, the starting salary for GIC Assistant Manager is around Rs 50,925 per month. Pay scale Rs. 50925 -Rs. 2500(14) – Rs. 85925 -Rs. 2710(4) – Rs. 96765. Along with the basic salary, candidates will receive various allowances and perks like medical allowances, transport allowances and other incentives as per government norms.
GIC Assistant Manager Salary Structure
As per government rules, candidates appointed as GIC Assistant Managers will get a basic salary of Rs. Rs 50,925 in addition to other benefits like Dearness Allowance (DA) and House Rent Allowance (HRA). The candidates selected for this post will perform a variety of duties as per the requirements of the department.
| Component | amount |
| basic salary | Rupee. 50,925 |
| dearness allowance | Based on DA rate (updated quarterly) |
| house rent allowance | 7%-15% of basic salary (depends on city) |
| other allowances | HR (House Rent), DA (Dearness Allowance) |
| gross salary | Rupee. 85000 |
| cut | provident fund, income tax |
| net salary | Rupee. 50,925- Rs. 85000 |
GIC Assistant Manager Allowances and Facilities
Apart from good salary, many other benefits are also provided to GIC Assistant Managers which encourage the employees to do even better and draw them towards this career opportunity. Some of these allowances are given below.
- Newspaper and Internet Allowances
- Leave travel subsidy
- medical coverage
- housing loan
- canteen voucher
- accident insurance
GIC Assistant Manager Job Profile
All the candidates applying for the post of GIC Assistant Manager must be well aware of their role. Below we have told you through some pointers what is the work of a GIC Assistant Manager and what are the responsibilities he has to handle.
- They have to handle all the financial functions as well as risk assessment and also help in business development and regulatory compliance.
- Monitors the claims process to ensure prompt and accurate payments.
- This provides a guarantee that every action complies with relevant laws and guidelines.
- To be successful in this position, a person must have excellent analytical abilities, effective communication, leadership, teamwork, and attention to detail.
