POSTED DATE: 13/10/2011
COMPANY NAME: GENERAL INSURANCE CORPORATION OF INDIA
COMPANY PROFILE:
The entire general insurance business in India was nationalised by General Insurance Business (Nationalisation) Act, 1972 (GIBNA). The Government of India (GOI), through Nationalisation took over the shares of 55 Indian insurance companies and the undertakings of 52 insurers carrying on general insurance business. crackcrack
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. crackcrack
As soon as GIC was formed, GOI transferred all the shares it held of the general insurance companies to GIC. Simultaneously, the nationalised undertakings were transferred to Indian insurance companies. After a process of mergers among Indian insurance companies, four companies were left as fully owned subsidiary companies of GIC (1) National Insurance Company Limited, (2) The New India Assurance Company Limited, (3) The Oriental Insurance Company Limited, and (4) United India Insurance Company Limited crackcrack
The next landmark happened on 19th April 2000, when the Insurance Regulatory and Development Authority Act, 1999 (IRDAA) came into force. This act also introduced amendment to GIBNA and the Insurance Act, 1938. An amendment to GIBNA removed the exclusive privilege of GIC and its subsidiaries carrying on general insurance in India. crackcrack
In November 2000, GIC is renotified as the Indian Reinsurer and through administrative instruction, its supervisory role over subsidiaries was ended. crackcrack
With the General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from March 21, 2003 GIC ceased to be a holding company of its subsidiaries. Their ownership were vested with Government of India crackcrack
FIELD OF WORKING: Multiple field(Govt.Job)
JOB ROLE: Specalist Officers
SALARY OFFERED: Check Details
JOB LOCATION: Across India
LAST DATE:
WRITTEN TEST VENUE LOCATION: Delhi,Mumbai,Kolkata,Chennai
REQUIRED QUALIFICATION:
EXPERIENCE REQUIRED: Check attachment
CANDIDATE PROFILE:
- Graduates(UG/PG) from Engineering,Arts,Medical fields.
- To know more about vaccancies,Qualifications check the attachment.
SELECTION PROCEDURE:
- Written Test
- GD
APPLY MODE: Online
HOW TO APPLY:
Intrested candidates apply this positons in online 15/10/2011 - 5/11/2011
CONTACT DETAILS OF COMPANY:
"Suraksha",
170, Jamshedji Tata Road,Churchgate,
Mumbai - 400 020
India
No comments:
Post a Comment