GIC Re Actuarial Apprentice Recruitment 2025 —  Detailed Notification, Eligibility, Stipend, Selection Process & Apply Link

The General Insurance Corporation of India (GIC Re)—India’s national reinsurer and the 9th largest reinsurance company in the world—has released the official recruitment advertisement for 20 Actuarial Apprentice Posts for the year 2025–26.

The recruitment notification, issued under
Reference No. GIC-HO/HR/RECRUIT_AA/819/2025-26,
invites young, academically strong graduates and postgraduates who have passed actuarial subjects from IAI (India) or IFoA (UK).

Introduction

General Insurance Corporation of India (GIC Re), headquartered in Mumbai, functions as the National Reinsurer of India, providing reinsurance support to the domestic insurance market and operating globally through international branches and subsidiaries.
To strengthen its actuarial division in both Life Insurance and Non-Life Insurance segments, GIC Re has announced recruitment for Actuarial Apprentices for a two-year structured apprenticeship program.

This program is an exceptional opportunity for actuarial students and young graduates seeking industry exposure in reinsurance, pricing, reserving, risk modelling, and actuarial analytics.

Total Vacancies

According to the official notification :

Total Vacancies: 20 Actuarial Apprentice Posts

Breakup:

• 12 posts — Non-Life Actuarial Apprentices
• 8 posts — Life Insurance Actuarial Apprentices

Reservation will be applied as per Government of India rules.

The number of posts may increase or decrease based on organizational requirements.

Eligibility Conditions

Your eligibility is calculated as on 01 November 2025.

Age Limit

As per the official advertisement:

• Minimum Age: 21 years (completed)
• Maximum Age: 27 years
  (Born not earlier than 01-11-1998 and not later than 01-11-2004)

Age Relaxation

• OBC: +3 years
• SC/ST: +5 years
• PwD: As per Government rules

Educational Qualification

You  must possess:

1. Graduation or Post-Graduation

• From a recognized university
• Minimum 60% marks in aggregate
• SC/ST candidates: Relaxation — 50% aggregate

2. Actuarial Subject Requirement

You must have passed at least 2 actuarial subjects from:

• Institute of Actuaries of India (IAI)
  OR
• Institute and Faculty of Actuaries (IFoA), United Kingdom

Stipend Structure

As per the official notification , GIC Re offers a high stipend compared to most actuarial internships in India.

Monthly Stipend

This stipend is paid monthly and includes apprenticeship benefits, learning resources, and project exposure.

Service Conditions for you

The apprenticeship is governed by the terms clearly stated in the notification:

1. Apprenticeship Duration

• Total: 2 Years

2. Exam Requirements During Apprenticeship

You must:

• Pass at least 6 actuarial subjects within 2 years

3. Extension Criteria

If the apprentice completes 6 subjects by the end of the 2nd year:

• Extension of 1 year may be given
• SC/ST candidates get up to 2 years extension

Purpose of extension:

• To complete 7 actuarial subjects, which is a requirement for future absorption.

4. Termination Clause

Failure to pass 6 subjects within 2 years will lead to termination of apprenticeship.

5. Posting Location

If you are selected you will be posted at:

• GIC Re Head Office, Mumbai

Pathway to Permanent Job — Absorption as Assistant Manager (Scale-I)

One of the biggest attractions of this program is the pathway to full-time employment.

Eligibility for Absorption

You must:

• Complete the apprenticeship successfully
• Pass at least 7 actuarial subjects

When Will Absorption Happen?

After completing minimum 1 year of apprenticeship.

Cadre of Absorption

• Assistant Manager (Scale-I Officer)
• Pay scale begins at ₹50,925/month (Basic Pay)

Salary After Absorption

As per the official notification :

Total Emoluments: ~₹85,000 per month

Additional Benefits

• Dearness Allowance (DA)
• House Rent Allowance (HRA)
• City Compensatory Allowance
• New Pension Scheme benefits
• Medical benefits
• Leave Travel Subsidy
• Newspaper/Internet allowance
• House furnishing allowance
• Personal Accident cover
• Subsidized loans for:
  • Housing
  • Vehicle
  • Computer
• Festival advances
• Natural calamity advances
  and more as per corporation rules.

Accommodation

• Leased accommodation at Mumbai up to ₹45,000/month

Selection Procedure

Selection is merit-based and conducted online.

1. Group Discussion / Interview

• All eligible candidates will be called
• Conducted online

2. Final Selection

• Based on performance in GD/Interview

3. Medical Examination

• If you have clear the interview you must undergo medical fitness testing

4. Appointment

If you are selected you will receive appointment orders to join at GIC Re, Mumbai.

Application Procedure

You must follow the instructions given in the official notification .

Step 1: Fill Online Form

Fill the application form through the official Microsoft Forms link provided by GIC Re.

Step 2: Email Submission of Documents

Email the following self-attested documents to:Recruitment-AA@gicre.in

Documents to attach:

• Birth certificate / SSC or matriculation certificate
• Degree certificate + all mark sheets
• Actuarial exam subject pass certificates
• Caste certificate (if applicable)
• Recent photograph
• Updated Biodata/Resume

Deadline

Last Date: 07 December 2025

Late or incomplete applications will be rejected.

Key Terms and Conditions

• Applications without documents will be rejected
• GIC Re reserves the right to modify or amend the notification
• Apprenticeship does not guarantee absorption
• If you have shortlisted you will be called for next stages

Job Description 

This apprenticeship prepares you are for core actuarial and insurance functions.

Major Responsibilities

• Actuarial modelling
• Pricing of insurance products
• Reserving calculations
• Risk assessment
• Data analysis for Life and Non-Life portfolios
• Preparation of actuarial reports
• Working with reinsurance analytics
• Participation in financial projections
• Supporting senior actuaries in regulatory filings
• Statistical and predictive modelling
• Exposure to IFRS 17 actuarial systems
• Involvement in Solvency II / RBC frameworks

Skills Required

• Strong mathematical aptitude
• Proficiency in Excel, R, Python (preferred)
• Logical reasoning
• Insurance domain awareness
• Analytical mindset
• Good communication skill
• Ability to clear actuarial exams regularly

Why GIC Re Actuarial Apprenticeship Is Valuable

Industry Exposure

• Work with India’s national reinsurer
• Live exposure to domestic and global reinsurance markets

Career Growth

• Chance to become Assistant Manager (Scale-I)
• High-salary government-sector job

Learning Environment

• Mentoring by senior actuaries
• Support for exam preparation

Financial Benefits

• Very competitive stipend
• Subsidized accommodation
• Officer-level benefits after absorption

Important Dates & Links Table

Conclusion

The GIC Re Actuarial Apprentice Recruitment 2025 is one of the most prestigious opportunities for actuarial students in India. With a structured training program, excellent stipend, and a clear career pathway into a permanent Assistant Manager position, this recruitment attracts highly motivated actuarial professionals every year.

If you have meet eligibility conditions you should apply immediately and ensure that all documents are submitted before the 7 December 2025 deadline.

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