GIC recruitment Exams
Indian Finance Minister Palaniappan Chidambaram today welcomed a "giant step" in the international expansion of the General Insurance Corporation of India (GIC Re) as he officially opened a new London branch office for the Mumbai-based reinsurer. General Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was incorporated on 22 November 1972 under the Companies Act, 1956 as a private company limited by shares. GIC was formed for the purpose of superintending, controlling and carrying on the business of general insurance.
GIC recruitment Exams 2010 Domestic Reinsurance Business:
GIC is the only reinsurer in the domestic reinsurance sector, providing reinsurance to direct general insurance companies. A statutory cession of 20% on every policy (subject to certain terms) is given to GIC.
GIC recruitment Exams 2010 Eligibility for Loan:
1. The amount of loan repayment that you can afford to make every month.
2. A percentage of the cost of the property.
3. Existing loan would affect the repayment capacity, thereby affecting eligibility criteria.
GIC recruitment Exams 2010 Age:
The age should not exceed 60 years (as per the retirement age defined at the firm) for salaried employees and not exceed 65 years for self employed professionals.
GIC recruitment Exams 2010 International Reinsurance Business:
A GIC is spreading its wings to emerge as an effective reinsurance solutions partner for the Afro-Asian region and has started leading the reinsurance programmes of several insurance companies in SAARC countries, South East Asia, Middle East and Africa.
Jamshedji Tata Road,
Mumbai – 400 020