ADVERTISEMENT – RECRUITMENT OF 1434 ADMINISTRATIVE OFFICERS IN PUBLIC SECTOR GENERAL INSURANCE COMPANIES
National Insurance Company Limited (NICL), A Govt of Undertaking, invites application on behalf of four Public Sector General Insurance Companies ( National Insurance Company Limited, THe New India Assurance Company Limited, Oriental Insurance Company Limited, United India Insurance Company Limited) of 65651 having 6116 offices / business centres in India, for filling up of Administrative Officer (AO) vacancies via Online mode only on or before 03rd August 2017-2018. For more details of the recruitment given below….
Total Number of Posts: 1434 posts
1. National Insurance Company Limited : 423 vacancies
2. The New India Assurance Company Limited : 494 vacancies
3. Oriental Insurance Company Limited : 223
4. United India Insurance Company Limited : 294
National Insurance Company invites application on behalf of four Public Sector General Insurance Companies with a combined human resource base of 65651 having 6116 officesl business centers in every nook & corner of the Country with a total Premium Income of Rs.35000 crores for the year 2017-2018-1 3, for recruitment of 1434 (One thousand four hundred & thirty four) Officers in Scale I cadre from open market.
The eligibility Criteria for Recruitment, as on 31 July, 2017-2018 shall be as under:
Nationality: A candidate applying for recruitment in the Company must be either:—
(a) a citizen of India, or (b) a subject of Nepal, or (c) a subject of Bhutan, or (d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or (e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East Affican countries of Kenya,
Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.
Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the
Government of India
Please note the Important Dates:
i) The discipline wise numbers mentioned above are provisional/indicative. The Companies reserves the right not to select any candidate from any of the disciplines mentioned above. The discipline wise number indicated above may vary and or can be interchanged at any stage of recruitment process.
ii) Reservation for Person with Disabilities (PWD) shall be as per prevailing government rules.
iii) Candidates may be selected for employment in any of the above mentioned Companies. Company’s decision in this regard shall be final.
Abbreviations stand for: UR –Un-reserved; SC-Scheduled Caste; ST-Scheduled Tribe; OBC-Other Backward Classes.
The reservation under various categories will be as per prevailing Government Guidelines at the time of finalisation of result. The above vacancies are provisional and may vary according to the actual requirement of the Companies at the material time. Merit list will be drawn up Discipline-wise and Category-wise.
The candidates who are shortlisted in the written test will have to appear for Interview. National Insurance Company Limited would coordinate the written examination, thereafter; Interview for the short-listed candidates would be conducted by each Company in their respective zones where their Head Office is
situated (except in certain cases). However, the Company reserves the right to alter the aforesaid arrangement.
1. Service Conditions:
Candidates may be selected for employment in any of the four Companies. Company’s decision in this regard shall be final. The service conditions will be
applicable as per the prevalent rules of the companies from time to time. Selected candidates on appointment may be posted or transferred to any place in
India as may be decided by the Companies.
Selected candidates, if certified fit medically, may be appointed as Administrative Officers (Scale-I) on probation for a period of one year, which may be extended by a further period up to six months. The Company reserves the right to terminate service of the candidate if found unsuitable at any time during probationary period or the extended probationary period without any notice or assigning any reason thereof. During the probationary period, candidates may be required to undergo theoretical/practical training as may be prescribed/arranged for them.
3. 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 will be liable to pay liquidated
damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the length of service rendered. Besides, he/she will have 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 and candidates whose services are terminated by 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.25,000/- 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.
4. Emoluments & Benefits:
Basic pay of Rs.17,240/- in the scale of Rs.17,240-840(14)-29,000-910(4)-32640 and other admissible allowance as applicable. Total emoluments will be above Rs.34,000/- plus in Metropolitan Centers. Other benefits are Pension under New Pension Scheme governed by PFRDA. Gratuity, LTS, Medical Benefits, Group Personal Accident and Group Savings Linked Insurance Scheme (GSLI) etc as shall be as per rules. The Officers are also entitled for Company’s/leased accommodation as per norms. With Major Benefits beside the total emoluments, the CTC works out to approximately to Rs.5.10 lacs per
annum at Metro centers.
Educational Qualification as on 31.07.2017-2018:
For Generalist Stream, a candidate must possess the minimum qualification of a Degree in any discipline from a recognized University OR any equivalent qualification recognized as such by Central Government.
For Specialist Stream a candidate must possess the minimum qualification of Degree in the relevant discipline from a recognized University OR any equivalent qualification recognized as such by Central Government:
The minimum Educational Qualifications required for various disciplines are:-
Age as on 31/07/2017-2018
A candidate must be of the Minimum Age of 21 years and the Maximum Age of 30 years as on the stipulated date for this purpose.
Detailed Advt Given Below
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