The applicant should have minimum 45 years of age and two years of residual service [treating 60 years as the date of superannuation] as on the date of vacancy of the post i.e. October 01, 2025.
New Delhi: For the first time the FSIB, the government’s head hunting agency for the senior officials(executive directors, CMDs and CEOs) of public sector financial institutions has issued public advertisement for the post of CMD, GIC Re.
The last date for submitting the completed online application is December 01,2025.
After N Ramaswamy retired from the job on Sept 30, the Appointments Committee of Cabinet(ACC} has decided to throw open the post for the private sector professionals along with PSU candidates.
Earlier, the government shortlists senior five senior officials from among general managers and executive directors(who have two years of residual services) of PSU general insurance companies out of which one is selected by the FSIB after conducting multiple interviews.
The advertisement has specified that apart from being responsible for the overall strategic direction, management and performance of the organisation, the new CMD has to build an effective team of leaders by providing guidance and mentorship.
The assignment will be for five years or the date of superannuation [treating 60 years as
the date of superannuation], whichever is earlier. The CMD, GIC Re will be eligible for a
fresh tenure beyond the period of five years up to superannuation with the approval of ACC. said the advertisement.
The applicant should have minimum 45 years of age and two years of residual service [treating 60 years as the date of superannuation] as on the date of vacancy of the post i.e. October 01, 2025.
For internal candidates who are working in PSU general insurance companies. the applicant must have completed minimum 1-year service as executive director or a total of 2-year service as general manager in a non-life public sector insurance company.
For external candidates
The applicant must have minimum 21 years of experience with at least 15 years of experience in non-life insurance(including general and health insurance) sector of which
-at least two years should be at the board level or
-at least three years should be at the highest level below board level (to be held on substantive basis)
Candidate with two or more major penalties imposed in their career,will not be
eligible to apply for the position.
Candidates may be required to execute a non-disclosure agreement with the
FSIB prior to appearing for interactions, said the advertisement.