GIC Assistant Manager Salary 2025 Officer Scale-I Pay Scale, Job Profile & Allowances

GIC Assistant Manager Salary- This page contains the whole information on GIC Assistant Manager Salary 2025. The General Insurance Corporation of India (GIC) has declared opportunities for Assistant Manager (Scale-I Officer) positions. Candidates for this position should be aware of the wage structure, perks, and career advancement opportunities.

The GIC Assistant Manager post starts at Rs 50925 per month, which provides a solid financial basis. Including allowances, the monthly pay are approximately Rs 85000, making it a very sought profession in the insurance industry. This position provides a competitive income as well as a variety of bonuses and benefits, ensuring both financial security and professional development. Please read this page for information on the GIC Officer Scale I Pay Scale.

GIC Assistant Manager Salary 2025

The General Insurance Corporation of India (GIC) is one of the most respected names in the Indian insurance industry. With its strong presence in the market, it offers an excellent career opportunity for individuals aiming to work as Assistant Managers (Scale-I Officers). If you are considering this role, understanding the salary structure, perks, and job profile is essential for making an informed decision.

Employees also enjoy several benefits, including medical coverage, subsidized housing, and pension schemes. The job involves managing communication, preparing reports, updating systems, and ensuring smooth operations across departments. This role offers steady career growth and significant financial stability, making it an attractive opportunity in the insurance sector.

GIC Assistant Manager Salary 2025 Overviews

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GIC Assistant Manager Salary Structure 2025

The Assistant Manager (Scale-I Officer) at GIC enjoys a highly competitive salary, offering both financial stability and career growth. The basic pay starts at Rs 50,925 per month. This is a great starting point, with opportunities for significant growth over the years.

• Pay Scale: Rs 50,925 – Rs 25,00 (14 increments) – Rs 85,925 – Rs 2,710 (4 increments) – Rs 96,765.
• Basic Pay: Rs 50,925.
• Gross Monthly Salary: Rs 85,000 (with allowances).
• Annual Increment: Rs 2,500 annually for the first 14 years, followed by Rs 2,710 annually for the next 4 years.
• Maximum Basic Pay: Rs 96,765 after 18 years.

This pay structure is designed to ensure financial growth over time, rewarding employees with regular increments. After completing 14 years of service, the basic pay reaches around Rs 85,925, and after 18 years, it can rise to Rs 96,765.

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GIC Assistant Manager Allowances and Perks

In addition to the handsome salary, GIC Assistant Managers enjoy several perks and allowances that enhance the overall compensation package. These include:

• Dearness Allowance (DA): Helps offset the rising cost of living.
• House Rent Allowance (HRA): To assist employees in managing accommodation expenses.
• City Compensatory Allowance (CCA): Offered to employees working in cities with a higher cost of living.
• Medical Benefits: Comprehensive healthcare coverage for employees and their families.
• Pension Scheme: A long-term benefit ensuring financial security post-retirement.
• Newspaper and Internet Allowances: To stay updated with news and resources required for work.
• Subsidized Housing and Loans: Low-interest loans for vehicles, computers, and housing, making it easier for employees to manage their finances.
• Festival Advances: Interest-free loans to cover expenses during festivals.
• Canteen Subsidy: Discounted meals at the workplace.
• Personal Accident Insurance: Ensuring the safety and well-being of employees.

These allowances, coupled with the salary, make the Assistant Manager role at GIC both financially rewarding and secure, providing employees with a comfortable and well-rounded lifestyle.

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Job Profile of GIC Assistant Manager (Scale-I Officer)

As a GIC Assistant Manager (Scale-I Officer), the role is dynamic and involves various responsibilities that contribute to the smooth functioning of the company. GIC focuses primarily on general insurance, managing risks like fire, theft, and accidents, while also promoting its subsidiaries and crafting effective investment strategies.

• Communication Management: Checking emails and coordinating with brokers, team members, and departments like Claims and Accounts.
• Process Management: Preparing process sheets, submitting reports for approvals, and following up with senior officials to expedite approvals.
• System Updates: Ensuring all relevant data and approvals are updated in the internal IT systems.
• Documentation: Managing files and ensuring efficient record-keeping.

The job requires multitasking and close collaboration with different teams. You’ll need to manage time effectively and handle a variety of tasks while ensuring the smooth execution of the day’s activities.

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Career Growth & Opportunities

The role of Assistant Manager (Scale-I) offers significant career growth opportunities within GIC. As you complete more years of service, you’ll experience a steady increase in salary and responsibilities. Promotions are based on performance, and after 14 years, employees get a solid increment, ensuring long-term financial stability and career satisfaction. Moreover, GIC promotes continuous learning and development, allowing employees to improve their skills and grow in the insurance industry.

Conclusion

The GIC Assistant Manager (Scale-I Officer) role offers an attractive salary starting at Rs 50,925, with substantial annual increments and a potential to reach Rs 96,765 after 18 years. Coupled with various allowances and perks such as medical benefits, housing loans, and pension schemes, the position is financially rewarding and secure. In addition to the excellent compensation package, the role offers professional growth, career advancement, and an opportunity to work with one of the top players in the Indian insurance sector.

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