Overview
General Insurance Corporation of India (GIC Re) is hiring talented graduates and postgraduates for Actuarial Apprentice positions. This is a golden opportunity for aspiring actuaries who have cleared at least 2 actuarial papers from IAI or IFoA. The apprenticeship offers excellent stipends and a clear path to becoming a Scale-I Officer upon clearing 7 actuarial papers.
Organization: General Insurance Corporation of India (GIC Re)
Total Vacancies: 20 Posts
Post Type: Actuarial Apprentice (Life & Non-Life Business)
Job Type: Apprenticeship (with absorption opportunity)
Application Mode: Online only
Official Website: www.gicre.in
📅 Important Dates
Start of Online Application: 17th November 2025
Last Date to Apply Online: 7th December 2025
Last Date to Send Documents: 7th December 2025
📍 Vacancy Details
| Stream | Number of Posts |
|---|---|
| Actuarial Apprentice (Non-Life Business) | 12 |
| Actuarial Apprentice (Life Business) | 8 |
| Total | 20 |
Note: Vacancies are subject to reservation as per government guidelines and may increase or decrease.
🎓 Educational Qualifications
- Degree Required: Graduation or Post Graduation in any discipline
- Minimum Marks: 60% (50% for SC/ST candidates)
- Mandatory Requirement: Must have cleared at least 2 actuarial papers from:
- Institute of Actuaries of India (IAI), OR
- Institute and Faculty of Actuaries, UK (IFoA)
💰 Stipend / Salary Details
During Apprenticeship:
- 1st Year: ₹40,000 per month
- 2nd Year: ₹45,000 per month
After Absorption as Scale-I Officer (upon clearing 7 actuarial papers):
- Basic Pay: ₹50,925
- Gross Salary: Approximately ₹85,000 per month
- Additional Benefits: Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), Housing facilities, Medical benefits, Leave Travel Concession (LTC), Subsidized loans, Pension, and more
🎯 Selection Process
- Online Interview / Group Discussion
- Medical Examination
- Final Merit List preparation
Place of Posting: Head Office, Mumbai
⏳ Age Limit
As on 1st November 2025:
- Minimum Age: 21 years
- Maximum Age: 27 years
Age Relaxation:
- OBC candidates: 3 years
- SC/ST candidates: 5 years
- PWD candidates: As per government rules
📑 How to Apply
Step 1: Fill the online application form by clicking on the official link (available on GIC Re website)
Step 2: After submitting the online form, send self-attested scanned copies of all required documents to [email protected]
Step 3: Use the subject line: “Application for Actuarial Apprentice 2025”
Important: Both online application and document submission must be completed by 7th December 2025.
⚙️ Key Documents Required
Send self-attested scanned copies via email:
- Caste Certificate (if applicable)
- Date of Birth Proof (10th Certificate or Birth Certificate)
- Graduation & Post Graduation certificates with mark sheets
- Actuarial Papers Passed Certificates (IAI/IFoA)
- Recent passport-size photograph
- Updated Bio-Data/Resume
📘 Important Links
- Apply Online: Click Here
- Official Notification PDF: Download Here
- Official Website: www.gicre.in
Application Fee: No fee required
Note: This is an excellent opportunity for candidates pursuing their actuarial qualification. Don’t miss the deadline of 7th December 2025!
