GIC Assistant Manager Salary: Pay Scale, Basic Pay, Job Profile, Promotion

GIC Assistant Manager Salary 2022 – In Hand Salary, Pay Scale, Allowances Details

GIC Assistant Manager Salary details are updated in this blog. This article will explain to you in detail regarding the GIC Assistant Manager Salary In-Hand, Pay Scale, Basic Pay, Perks & Benfits, Job Profile & Promotion. So candidates who are all going to prepare for the GIC Assistant Manager Exam must know the complete details and then start the explainpreparation process.

Govt Jobs Updates

General Insurance Corporation has released the Assistant Manager Recruitment Notification every year. One of the most important recruitment notifiation among the aspirants. Now its time to know the GIC Assistant Manager Salary details. By knowing the salary details will tend to induce your preparation process in a well manner. Once the notification has released, many candidates are eager to know the salary for the notified post. In aspirants point of view here we have given you the GIC Assistant Manager Salary details along with the In Hand Salary, Pay Scale, Basic Pay, Allowances.

General Insurance Company provides excellent job opportunity for career growth in the highly specialized area under which the Corporation is operating, through training and development interventions within the country as well as overseas. Candidates shall refer to this GIC Assistant Manager Salary article and know the complete details.

GIC Assistant Manager Salary PDF

GIC Assistant Manager Salary: Basic Pay

The Basic Pay of GIC Assistant Manager is Rs. 32,795/-

GIC Assistant Manager Pay Scale:

The GIC Assistant Manager in the scale of Rs.32795 -1610(14) – 55335 -1745(4) – 62315.

GIC Assistant Manager In Hand Salary:

The total emoluments will be about  Rs.59,000/- P.M +. plus other benefits

GIC Assistant Manager Exam Pattern & Syllabus

GIC Assistant Manager Salary: Allowances & Perks

DA, HRA, CCA New Pension Scheme, Group Savings Linked Insurance Scheme (GSLI), Conveyance / Newspaper / Internet Allowance, Leave Travel Subsidy, Medical Benefits, Personal Accident cover, housing and vehicles loans with subsidized interests, and interest free advances for festival, natural calamities and any other benefits as per rules and on confirmation of service in the Corporation.

City Compensation Allowance:

City Category In Rupees Population
City X 3% of pay subject to a maximum of ₹ 800/- per month Population Above 50 Lakh
City Y 2.5% of pay subject to a maximum of ₹ 760/- per month Population Between 5 – 50 Lakh
City Z 2% of pay subject to a maximum of ₹ 590/- per month Population Below 50 Lakh

House Rent Allowance(HRA):

City Category In Rupees Population
City X 10% of pay subject to a maximum of ₹ 3,200/- per month Population Above 50 Lakh
City Y 8% of pay subject to a maximum of ₹ 2,700/- per month Population Between 5 – 50 Lakh
City Z 7% of pay subject to a maximum of ₹ 2,600/- per month Population Below 50 Lakh

Other Allowances:

  • New Pension Scheme
  • Newspaper /Internet Allowance
  • Leave Travel Subsidy
  • Medical Benefits
  • House Furnishing Allowance
  • Household Help Allowance
  • Sodexo
  • Personal Accident cover
  • Housing, vehicle
  • Computer loans with subsidized interests
  • Interest-free advances for the festival
  • Natural calamities

The officers are also entitled for Corporation’s / leased accommodation as per norms. (presently Corporation owned accommodations are not available, whereas lease accommodation will be permitted as per norms). The present lease accommodation limits at Mumbai is Rs.12,000/- per month.

GIC Assistant Manager Salary Slip:

GIC Assistant Manager Salary Slip


The GIC Assistant Manager Salary Slip attached here is – Oct 2018. But now the Gross Salary is 65,000. Similarly you can expect a similar raise in the take home salary also.

GIC Assistant Manager Probation Period:

Selected candidates if medically found fit, will be appointed as Assistant Manager on probation for a period of one year, which may be extended by a further period up to one year. The Corporation reserves the right to terminate service of a candidate if found unsuitable at any time during the probationary period or the extended probationary period without any notice or assigning any reason therefore.

GIC Assistant Manager Bonding:

Before joining as probationer, the selected candidates will be required to give an undertaking to serve the Corporation for a minimum period of four years including probationary period. In the event of their resignation from the Corporation before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the length of service rendered.

GIC Assistant Manager Promotion:

Apart from the GIC Assistant Manager Salary, candidates are eligible for the promotion. Generally the promotion will be done based on the service rendered, departmental exam & perfromance basis. For your reference here we have given the GIC Assistant Manager Promotion hierarchy

S.No Scale Position
1 Chairman-cum-Managing Director
3 SCALE – VI General Manager (GM)
4 SCALE – V Deputy General Manager (DGM)
5 SCALE – IV Assistant General Manager (AGM)
6 SCALE – III Chief Manager (Chief Mgr)
7 SCALE – II Deputy Manager (DM)
8 SCALE – I Assistant Manager (AM)