The GIC Assistant Manager Salary 2024 offers a competitive pay package along with several perks and benefits. According to the official notification released by the General Insurance Corporation of India (GIC), the basic pay for the GIC Assistant Manager salary per month is Rs. 50,925. The pay scale ranges from Rs. 50,925 to Rs. 96,765, which includes periodic salary increments as per the career progression.
Apart from the basic salary, the candidates selected for this position are entitled to various allowances such as house rent allowance (HRA), dearness allowance (DA), medical benefits, and insurance coverage. These additional benefits enhance the overall compensation package, making the GIC Assistant Manager position highly attractive.
GIC Assistant manager Salary 2024, Salary In Hand
GIC Assistant Manager Salary 2024 has been detailed in this article. The basic pay for the GIC Assistant Manager is Rs. 50,925/-. The pay scale ranges from Rs. 50,925 to Rs. 96,765, including periodic salary increments as per career progression.
Ananya Gupta9 Dec, 2024
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GIC Assistant Manager Salary 2024: The GIC Assistant Manager salary for 2024 starts with a basic pay of Rs. 50,925 per month. Alongside the basic pay, selected candidates will receive various allowances and benefits including house rent allowance (HRA), dearness allowance (DA), medical allowances, and other perks based on the posting location.
These additional perks significantly enhance the overall compensation package. The GIC also provides various facilities such as leave encashment, gratuity, and insurance coverage which contribute to the overall financial package. For detailed information about the salary structure and allowances, candidates can refer to the official GIC recruitment notification available on their website.GIC Assistant Manager Salary 2024
The GIC Assistant Manager salary for 2024 is structured on a pay scale ranging from Rs. 50,925 to Rs. 96,765. This pay scale includes basic pay, along with allowances such as house rent allowance (HRA), dearness allowance (DA), and other perks provided by the General Insurance Corporation of India (GIC). The salary package also includes additional benefits like medical facilities, leave encashment, and insurance coverage, making it a desirable career option for candidates.GIC Assistant Manager Salary 2024 Overview
| Category | Details |
| Organization | General Insurance Corporation Of India |
| Recruitment | GIC Assistant Manager Recruitment 2024 |
| Post | Assistant Manager |
| Vacancies | 110 |
| Basic Pay | Rs. 50,925/- per month |
| Pay Scale | Rs. 50,925 - 2,500(14) - 85,925 - 2,710(4) - 96,765 |
| Perks & Allowances | HRA, DA, Medical Benefits, Insurance Coverage, and other allowances |
| Official Website | www.gicre.in |
GIC Assistant Manager Gross Salary
The gross salary of a GIC Assistant Manager for 2024 is structured to include various components beyond the basic pay. According to the official notification and recruitment details released by the General Insurance Corporation of India (GIC), the gross salary comprises:- Pay Scale : Rs. 50,925 - 2,500 (14) – 85,925 - 2,710 (4) - 96,765
- Basic Pay : Rs. 50,925 per month
- Maximum Basic Pay : Rs. 96,765 per month
- Lease Accommodation : Rs. 45,000 per month
GIC Assistant Manager Salary in Hand
The GIC Assistant Manager salary in hand for 2024 varies based on the basic pay and the perks provided. According to the official notification from the General Insurance Corporation of India (GIC), the basic pay for the position is Rs. 50,925 per month. With the inclusion of allowances such as lease accommodation, medical benefits, and other perks, the total salary can approximate Rs. 85,000 per month. The exact take-home salary can vary depending on the individual's city of posting and their choice of accommodation.GIC Assistant Manager Salary 2024 Perks & Allowances
The GIC Assistant Manager Salary 2024 includes a comprehensive package of perks and allowances that enhance the overall compensation for the position. These perks and allowances are designed to provide financial stability and support to the employee. Here’s a breakdown of the key components:Dearness Allowance (DA) : Adjusts the salary based on the cost of living and inflation, ensuring the purchasing power of the salary is maintained.
House Rent Allowance (HRA) : Provides financial assistance for accommodation, varying according to the location of the posting.
City Compensatory Allowance (CCA) : Offers additional compensation based on the location's cost of living.
Medical Benefits : Comprehensive health coverage for the employee and their family.
Leave Travel Allowance (LTA) : Reimburses travel expenses for official travel.
Leave Encashment : Option to encash earned leave during retirement, providing additional financial flexibility.
Performance Linked Incentives : Bonuses based on individual and organizational performance.
GIC AM Salary 2024 Benefits
The GIC AM Salary 2024 Benefits include a variety of financial and non-financial perks designed to enhance the compensation package for the GIC Assistant Manager. These benefits are part of the new pension scheme and provide additional financial support and security. Some of the major benefits include:Newspaper / Internet Allowance : Reimbursement for newspaper and internet bills.
Leave Travel Subsidy : Assistance with travel expenses during leave periods.
Medical Benefits : Comprehensive health coverage for the employee and their family.
House Furnishing Allowance : Financial assistance for furnishing a new house.
Household Help Allowance : Financial support for employing household help.
Sodexo : Meal card benefits.
Personal Accident Cover : Insurance coverage for accidents.
Housing : Subsidized housing options.
Vehicle and Computer Loans : Loans for purchasing vehicles and computers at subsidized interest rates.
Interest-free Advances : For festivals and natural calamities.
GIC Assistant manager Salary 2024 FAQs
What is the basic pay for the GIC Assistant Manager 2024?
The basic pay for the GIC Assistant Manager is Rs. 50,925/- per month as per the official notification.
What are the additional allowances provided to GIC Assistant Managers?
Additional allowances include Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA), 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 and natural calamities.
Is GIC a government company?
Yes, General Insurance Corporation of India (GIC Re) is a government-owned entity. GIC Re is a 100% government-owned company, which means it is fully controlled and owned by the Government of India. It is a statutory reinsurance company established under the General Insurance Corporation Act, 1972, and is headquartered in Churchgate, Mumbai, India.
What is the pay scale for the GIC Assistant Manager?
The pay scale ranges from Rs. 50,925 - Rs. 96,765, which includes periodic salary increments as per the career progression.
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