The Oriental Insurance Company Ltd Mumbai Recruitment of Administrative Officers 2012
The Oriental Insurance Company Ltd
(Govt of India undertaking)
Oriental House, A-25/27, Asaf Ali Road, New Delhi-110002
Applications are to be submitted on-line only
Last date for submission of application is 13th February, 2012
Applications are invited from Indian citizens for the post of Administrative Office (scale-I) in specialized discipline of Actuaries, Marketing and Sales, Human Resource (HR), Information Technology (Hardware, Software and Networking), Accounts, Law, Engineers (Electrical, Mechanical, Chemical and Civil), Librarian and Generalist
Administrative Office (scale-I); 477 vacancies; SC 69; ST 35; OBC 141; Un-reserved 232
Eligibility (as on 01st January, 2012)
The candidates should apply only for any one of the following groups
Educational qualifications
Group A-Actuaries: Post graduate degree with 55% in Mathematics/Statistics/Actuarial Science or graduation with minimum 60% marks and pass in at least 04 papers of the examination conducted by Actuarial Society of India
Group B-Marketing: PG degree of MBA (Marketing/Sales) with minimum 55% of marks in aggregate
Group C-HR: PG degree of MBA (HR) with 55% marks in aggregate
Group D-IT: B.E./B.Tech (Computer) with minimum 60% marks in aggregate or MCA (Masters in Computer Applications)/MIT (Masters in Information Technology)/MCM (Masters in Computer Management) with minimum 55% marks in aggregate
Group E-Accounts: ACS/ACWA/ACA or B.Com degree with minimum 60% or M.Com with minimum 55% marks in aggregate from a recognized university
Group F-Legal: Bachelor of Law with minimum 60% marks in aggregate or LLM with 55% marks in aggregate, 03 years experience as a practicing lawyers is essential (02 years experience for SC/ST candidates)
Group G-Engineers: B.E./B.Tech in Engineering (Electrical, Mechanical, Chemical, Civil) with minimum 60% marks in aggregate or Master's degree in Engineering (Electrical, Mechanical, Chemical, Civil) with minimum 55% marks in aggregate
Group H-Librarian: Bachelor degree in Library Science/Information Science Documentation with minimum 60% or Master's degree in Library Science/Information Science documentation with 55% marks
In addition 03 years experience as a Librarian is essential (02 years experience for SC/ST candidates)
Group I-Generalist: Bachelor degree with minimum 60% marks in aggregate or Master's degree with minimum 55% marks
For SC/ST candidates minimum 55% marks in graduation or 50% marks in post graduation from recognized university
Other things being equal, preference will be given to candidates having post qualification experience in their area of specialization; having qualification in non-life insurance; having working knowledge of Computer
Candidates are advised to ensure that the academic/professional/technical qualifications acquired by them are duly approved by the respective competent authorities like UGC/AICTE/DEC etc during the period of study of the respective courses
Candidates applying for the post on the basis of requisite qualifications will be eligible only if the said qualification is acquired after passing 10th/12th std examination
Age (as on 01st January, 2012): Minimum 21 years, maximum general 30 years; SC/ST 35 years; OBC 33 years; PwD 40 years
Emoluments and benefits: Candidate selected for appointment shall draw a basic pay of Rs 17,240/- in the scale of Rs 17,240-840(14)-29,000-910(4)-32640 and other admissible allowances as applicable
Total emoluments will be about Rs 30,000/- (approx) in metropolitan centres
In addition, gratuity, LTS, medical benefits, group personal accident insurance, group savings linked insurance scheme (GSLI) and other benefits shall be as per rules of the company
The shall also be governed by the rules of new pension scheme
Service conditions: Selected candidates are subject to prevailing service conditions of the company which are subject to change from time to time. The posts are permanent and candidates selected for appointment are liable to be posted anywhere in India. They are also liable for transfer anywhere in India as per the service conditions of the company
Selection procedure: Applicants possessing the eligibility criteria shall be called for written examination which would comprise of the following
Group A-I
Objective type tests consists of Reasoning, English Language, Numerical Ability, General awareness test for the post under Group-I; Professional knowledge test for the posts under Group A-H (instead of General Awareness test)
The first three tests; Test of reasoning, English Language and Numerical Ability will be common for all the candidates
The test of Professional Knowledge will be specific to each of the Group (A to H) as may be applicable
Candidates will appear for the written examination at their own expenses
On the basis of performance in written examination, candidates will be called for interview and final selection will be made on overall performance in written examination and interview
Outstation candidates called for an interview will be reimbursed to and fro sleeper class fare/bus fare by the shortest route from the station of residence to the station of interview on production of evidence of having undertaken journey for interview purpose
Examination centres: Competitive written examination will be held at 24 centres in India. The candidates may choose any one of the following centres, which must be indicated in the application form clearly. No change of centre will be allowed at a later date. Company reserves the right to direct candidates to appear at a centre other than the one chosen by them for written examination without monetary assistance. Company reserves the right to hold the written examination at some and not all the examination centres depending upon the number of candidates and other relevant factors
Ahmedabad, Allahabad, Bangalore, Bhopal, Bhubaneshwar, Kolkata, Chandigarh, Chennai, Dehradun, Guwahati, Hyderabad, Jaipur, Jammu, Kochi, Lucknow, Madurai, Mumbai, Nagpur, New Delhi, Panaji, Patna, Ranchi, Thiruvananthapuram, Vishakhapatnam
Date of written examination: 08th April, 2012
Probation and training: Selected candidates if certified to be medically fit, may be appointed as Administrative Officer (scale-I) on probation for a period of one year which may be extended as per the decision of the competent authority. During the probation period the candidates are required to pass the non-life Licentiate Examination conducted by the Insurance Institute of India. Only after passing the said examination will the candidate be eligible for confirmation of his services in the company. A maximum period of two years would be available to the candidates for passing the above examination. Failure on the part of the candidate to clear the examination within the stipulated period will render his/her services liable for termination
Guarantee bond: Before joining as probationer, the selected candidates will be required to give an undertaking to serve the company for a minimum period of four years including probationary period. In the event of their resigning from the Company before the expiry of the bond period, they are liable to pay liquidated damages equivalent to one year's gross salary paid to them during the first year of probation which could be proportionately reduced depending on the length of service rendered
The selected candidates are also required to submit a stamped bond duly executed by two Sureties of sound financial standing, for an amount equivalent to one year's gross salary
Candidates resigning from the company during the probationary period shall be liable to pay the salary received by them during their entire service in the company in addition to an amount of Rs 40,000/- towards partial cost of training. No lien/bond executed to retain a substantive post with present employer will be binding upon the company and no leave salary or pension contribution will be made
Application fee: For General/OBC Rs 500/-; SC/ST/PwD are exempted from paying the application fee
Application fee is required to be remitted in any of the offices of Oriental Insurance Company Ltd by way of cash/demand draft/bankers cheque during the cash collection hours at the cash counter. For the convenience of the candidates, a format of payment challan is displayed in the company's website
www.orientalinsurance.org.in under office locator
Payment by other means/mode is not acceptable
The amount will be credited to the Account Code No-3034 under TXN code No-51-80
Issue of call letter: Candidates eligible for written examination for the post of AO (scale-I) will have to visit the website link
www.oiclao2012.com for downloading call letters for written examination by clicking My Account
How to apply
Candidates are required to apply on-line, in the given format on the basis of instructions given therein and register their applications. On-line applications can be accessed on the
through internet from 28th January, 2012 to 13th February, 2012
Candidates are required to have a valid person E-mail Id
After applying on-line, keep a print out of the system generated on-line application form and retain it for the records of the candidates
On-line applications will be accepted only up to 13th February, 2012, 10.00 p.m.
