GIC Salary 2023: Basic Pay Scale and Allowances

GIC SalaryGIC Salary 2023: GIC plans to take the online exam to recruit Level 1 officials (Assistant Manager-44 vacancies)  2023. 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.

GIC Salary 2023: 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 2023: Pay Scale

The GIC salary for the position of deputy manager in 2023 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 2023: 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

 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

Other Important Links:

GIC Assistant Manager Syllabus and Exam Pattern 2023

GIC Application Process 2023

GIC Exam Centre

GIC Vacancies 2023

GIC Exam Eligibility Criteria 2023

GIC Result and Score Card 2023

GIC Preparation Tips

GIC Exam Date 2023

GIC Cut Off 2023

GIC Admit Card 2023

GIC Exam Analysis

GIC Preparation Books 2023

GIC Previous Year Papers 2023

We have covered complete details on the GIC Salary 2023. If you have any queries related to the GIC Exam, feel free to comment below.

FAQs on GIC Salary and Job Profile 2023

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.

How many vacancies are posted by GIC?

44

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