What is GIC Re Scale 1 and what does the role involve?

GIC Re (General Insurance Corporation of India) is India's sole national reinsurer. Scale 1 Officers work in reinsurance, treaty management, claims, actuarial, finance, legal, and IT functions. GIC Re is one of the top 25 reinsurers globally.

What is the GIC Re Scale 1 2027 exam pattern?

GIC Re Scale 1 Phase 1 has 120Q in 60 minutes. Phase 2 includes a descriptive paper (100 marks) focusing on English writing and subject-specific knowledge. Interview of 25-50 marks is the final stage. Selection combines Phase 2 + Interview scores.

What is GIC Re Scale 1 2027 salary?

GIC Re Scale 1 Officer starting salary is Rs. 32,795 basic pay with allowances making total monthly emoluments approximately Rs. 55,000-62,000. Annual CTC is Rs. 11-14 lakhs. GIC Re also offers excellent LICI-related perks and reinsurance industry exposure.

What is the Insurance Awareness syllabus for GIC Re Scale 1?

GIC Re Insurance Awareness covers: Reinsurance concepts (facultative, treaty, proportional, non-proportional), Marine Insurance, Fire Insurance, Aviation Insurance, IRDAI regulations, Lloyd's of London, global reinsurance markets, and GIC Re's product portfolio.

How often does GIC Re Scale 1 recruitment happen?

GIC Re Scale 1 recruitment is irregular — conducted every 2-3 years based on organizational needs. Vacancies are limited (typically 25-100). It is highly specialized and preferred by candidates with insurance/actuarial/finance backgrounds.