GIC Salary And Job Profile 2021: Basic Pay Scale, & Exclusive Allowances

GIC Salary 2021: GIC plans to take the online exam to recruit Level 1 officials (Assistant Manager-44 vacancies) on May 9, 2021. As a reinsurance company with global influence, it is the eleventh largest reinsurance company in the world and has extensive networks in India and abroad. With all these openness and generous salaries, GIC provides one of the best career opportunities. Understand the salaries, benefits and allowances of GIC assistant managers from this article.

Table of Contents

GIC Salary 2021: Basic Assistant Manager Salary

GIC provides excellent opportunities for the company’s active professional development in highly specialized fields through education and training at home and abroad. The official GIC Level I (Executive Assistant) is based on the following imprint-

Pay Scale	Rs. 32795 -1610(14) – 55335-1745(4) – 62315
Basic Pay	Rs. 32,795 (Increment for 14 Years = Rs. 1610/-)
Basic Pay after 14 years	Rs. 55,335 (Increment for 4 Years = Rs. 1745/-)
Maximum Basic Pay	Rs. 62,315
Gross Monthly Salary	Rs. 65,000/-p.m.
Total Salary Per Annum	Current CTC (Cost to Company) of Assistant Manager posted in Mumbai is approximately Rs13 lakh per annum.

GIC Assistant Manager Salary 2021: Pay Scale

The GIC salary for the position of deputy manager in 2021 comes from a monthly base salary of Rs 32,795 on the rupee table. 32795-1610 (14)-55335-1745 (4)-62315 and other appropriate mappings.

GIC Salary and Job Profile 2021: Other Allowances

The benefits of GIC assistant managers are very important. The benefits and allowances granted to GIC Tier 1 employees are as follows:

New Pension Scheme
Newspaper /Internet Allowance,
Leave Travel Subsidy,
Medical Benefits,
House Furnishing Allowance,
Household Help Allowance,
Sodexo,
Personal Accident cover,
Housing, vehicle and computer loans with subsidized interests, and
Interest free advances for festivals, natural calamities and any other benefits as per rules and on confirmation of service in the Corporation.

GIC Salary and Job Profile: Transport Allowance

Starting from August 1, 2007, every official who has not received one of the promotion allowances for one of the promotion plans will receive a promotion bonus of Rs 800 per month.

GIC Salary and Job Profile: City Compensation Allowance

Place of posting	Rate
a) Cities of Mumbai, Navi Mumbai, Calcutta, New Delhi, Ahmedabad, Bangaluru, Hyderabad, Pune, Faridabad, Ghaziabad, NOIDA, Gurgaon, and Chennai	3% of pay subject to a maximum of Rs.800/- per month
b) Cities with a population exceeding 12 lacs, except cities mentioned in (a), Gandhinagar and all cities in the State of Goa	2.5% of pay subject to a maximum of Rs.760/- per month
c) Cities with a population of 5 lacs and above but not exceeding 12 lacs, State capitals with a population not exceeding 12 lacs, Chandigarh, Mohali, Panchkula, Pondicherry, Port Blair	2% of pay subject to a maximum of Rs.590/- per month

GIC Salary and Job Profile: House Rental Allowance

Place of posting	Rate
a) Cities of Mumbai, Navi Mumbai, Calcutta, New Delhi, Ahmedabad, Bengaluru, Hyderabad, Pune, Faridabad, Ghaziabad, NOIDA, Gurgaon, and Chennai	10% of pay subject to a maximum of Rs.3,200/- per month
b) Cities with a population exceeding 12 lacs, except cities mentioned in (a), Gandhinagar and all cities in the State of Goa	8% of pay subject to a maximum of Rs.2,700/- per month
c) Cities with a population of 5 lacs and above but not exceeding 12 lacs, State capitals with a population not exceeding 12 lacs, Chandigarh, Mohali, Panchkula, Pondicherry, Port Blair	7% of pay subject to a maximum of Rs.2,600/- per month

FAQs on GIC Salary and Job Profile 2021

What is the GIC Assistant Manager’s salary?

Total remuneration will be around Rs. 65,000/- per month, with various incentives as listed above.

What is the best way to prepare for the GIC Assistant Manager Exam?

Taking high-quality mock examinations is an important part of the best preparation.

What is the GIC Assistant Manager’s take-home pay?

The GIC Assistant Manager’s in-hand remuneration will be around Rs. 57,000/- per month. Allowances may influence this.

GIC Salary 2021: Basic Pay Scale and Allowances