Introduction: OICL Administrative Officer Recruitment 2024
The Oriental Insurance Company Limited (OICL) has announced openings for 100 Administrative Officers (Scale-I) through a recruitment drive aimed at the general public. Commencing on March 21, 2024, interested candidates can register online and make the necessary fee payments until April 12, 2024. The online examination is tentatively scheduled for May/June 2024. Candidates must adhere to the specified registration dates.
Successful applicants will undergo a probationary period of one year, extendable for an additional year if required. They are obligated to commit to a minimum of four years of service, including the probation period, and will receive a basic salary of Rs. 50,925, supplemented by various allowances. For comprehensive details regarding eligibility criteria and selection processes, candidates are advised to refer to the official notification.
Key Point of the OICL AO Recruitment 2024:
- Recruitment Organization: Oriental Insurance Company Ltd OICL.
- Post Name: Administrative Officers (Accounts, Actuarial, Engineer, Engineering IT, Legal, and Medical Officer).
- Total Vacancies: 100.
- Application end date: April 12, 2024.
- Mode of Application: Online.
- Selection Process: Prelims, Mains, Interview
- Salary: Rs. 85,000/- Per Month
- Job Location: India.
- Official Website: https://orientalinsurance.org.in
OICL AO Jobs 2024 Important Dates:
As of March 11th, 2024, the detailed PDF released by OICL has specified the online application commencement date. The exact exam date will be announced soon, and any updates regarding it will be provided here.
- Notification Release: March 11th, 2024
- Start of Online Application: March 21st, 2024
- Last Date to Apply: April 12th, 2024
- Exam Date: May/June 2024 (tentative)
OICL Administrative Officer Notification 2024:
The OICL AO Recruitment 2024 is set to enlist Administrative Officers across various disciplines including Accounts, Actuarial, Engineering, Legal, and Medical Officers. Eligible candidates are encouraged to apply based on their educational qualifications in the respective fields. The online application portal is currently accessible from March 21st to April 12th, 2024. The comprehensive PDF containing vital details regarding the recruitment process was released on March 11th, 2024. Interested individuals can download the Notification PDF from the provided link for further information.
OICL AO 100 Posts Vacancy 2024:
For the Administrative Officer Post, a total of 100 vacancies have been announced. Below are the stream-wise vacancies:
| Posts | Vacancy |
|---|---|
| Accounts | 20 |
| Actuarial | 5 |
| Engineering | 15 |
| Engineering (IT) | 20 |
| Legal | 20 |
| Medical | 20 |
| Total | 100 |
OICL AO Category-wise Vacancy 2024:
| Category | Vacancy |
|---|---|
| SC | 13 |
| ST | 7 |
| OBC | 26 |
| EWS | 9 |
| UR | 45 |
| PwBD | As per Govt Rules |
| Total | 100 |
OICL AO Educational Qualification:
- Accounts: B.Com with a minimum of 60% (55% for SC/ST) from a recognized University, OR MBA from a recognized University, OR CA from ICAI, OR Cost and Management Accountant from ICWAI.
- Actuarial: Graduation in Statistics/Mathematics/Actuarial Science with a minimum of 60% (55% for SC/ST) from a recognized University, OR Master’s degree in Statistics/Mathematics/Actuarial Science with a minimum of 60% (55% for SC/ST) from a recognized University.
- Engineering (IT): B.E./B.Tech in IT/Computer Science/Electronics & Communication (ECE) with a minimum of 60% (55% for SC/ST) from a recognized University, OR M.E./M.Tech in IT/Computer Science/Electronics & Communication (ECE), OR MCA with a minimum of 60% (55% for SC/ST) from a recognized University.
- Engineering: B.E./B.Tech in Automobile/Mechanical/Electrical/Civil/Chemical/Power/Industrial/Instrumentation Engineering with a minimum of 60% (55% for SC/ST) from a recognized University, OR M.E./M.Tech in Automobile/Mechanical/Electrical/Civil/Chemical/Power/Industrial/Instrumentation Engineering.
- Legal: Law Degree with a minimum of 60% (55% for SC/ST) from a recognized University.
- Medical: MBBS/BDS from a recognized University, OR Equivalent Foreign degree recognized by the National Medical Council, NCISM, and Dental Council of India, with registration from the same institute as of the scheduled interview date.
OICL AO Age Limit (As on 31/12/2023):
| Age Limit | |
|---|---|
| Minimum Age | 21 years |
| Maximum Age | 30 years |
OICL AO Age Relaxation:
| Category | Age Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC | 3 years |
| Ex-Servicemen | 5 years |
| Defence Service Personnel Disabled in Operation | 3 years |
| Widows/Divorced Women/Women Legally Separated | 9 years |
| Existing Confirmed Employees of Public Sector General Insurance Companies | 8 years |
| Persons with Disabilities (PwD) | 10 years |
OICL AO Recruitment 2024 Application Fees:
| Category | Examination Fee (in INR) |
|---|---|
| SC/ST/PwBD Candidates | Rs. 250 + GST |
| All Other Categories | Rs. 1000 + GST |
Selection Process for OICL AO Recruitment 2024:
| Stage | Description |
|---|---|
| Stage 1: Prelims Exam | Objective type exam Qualifying in nature (marks not added to final merit list) |
| Stage 2: Mains Exam | Consists of both objective and descriptive type papers Total marks: 230 (200 for objective + 30 for descriptive) Candidates must meet sectional and overall minimum marks to qualify |
| Stage 3: Interview | Qualified candidates from Mains Exam proceed to the Interview stage Weightage: Online Exam (80%) and Interview (20%) Final selection based on performance in Mains Exam and Interview |
Exam Pattern for OICL AO Recruitment 2024:
OICL AO Prelims Exam Pattern:
- Total Questions: 100
- Total Marks: 100
- Duration: 60 Minutes
- Negative Marking: 0.25 mark deducted for each wrong answer
| Name of Test | No. of Questions | Max. Marks | Duration |
|---|---|---|---|
| Reasoning Ability | 35 | 35 | 20 mins |
| Quantitative Aptitude | 35 | 35 | 20 mins |
| English Language | 30 | 30 | 20 mins |
| Total | 100 | 100 | 60 mins |
OICL AO Mains Exam Pattern:
- Total Questions: 200
- Total Marks: 200
- Duration: 150 Minutes
| Name of the Test | No. of Questions | Max Marks | Duration |
|---|---|---|---|
| Reasoning | 40 | 40 | 30 mins |
| English Language | 40 | 40 | 30 mins |
| General Awareness | 40 | 40 | 25 mins |
| Quantitative Aptitude | 40 | 40 | 30 mins |
| Professional Knowledge | 40 | 40 | 35 mins |
| Total | 200 | 200 | 150 mins |
OICL AO Descriptive Paper:
- Topic: English Language (Letter and Essay Writing)
- Total Marks: 30
- Duration: 30 Minutes (10 mins for Letter, 20 mins for Essay). Descriptive answers will only be evaluated if candidates pass the objective test.
- Minimum marks required: 15/30 (13.5 for SC/ST/PwD)
OICL AO Recruitment 2024 Syllabus:
| Subject | Topics to be Covered |
|---|---|
| Reasoning Ability | Puzzles & Seating Arrangement Coded Inequalities Logical Reasoning Ranking/Direction/Alphabet Test Data Sufficiency Syllogism Blood Relations Input-Output Coding-Decoding Alphanumeric Series |
| English Language | Reading Comprehension Cloze Test Fill in the blanks Multiple Meaning/Error Spotting Paragraph Complete/Sentence Correction Para jumbles Miscellaneous |
| Quantitative Aptitude | Approximation Number Series Inequality Arithmetic: Ratio and Proportion, Percentage, Number System and HCF and LCM, Basic of Algebra Average, Age, Partnership, Mixture and Allegation, Simple Interest, Compound Interest, Time and Work, Pipe and Cistern, Profit & Loss and Discount, Speed Time Distance, Boat And stream, Train, Mensuration 2D and 3D, Probability, Permutation and combination etc. Data Interpretation: Table DI, Missing Table DI, Pie chart DI, Line chart DI, Bar chart DI, Mixed DI, Caselet, Radar DI, Arithmetic DI Data Sufficiency: Two Statement and Three statements |
| General Awareness | Summits Books & Authors Awards Sports Defence National Appointment International Obituary Banking Awareness Indian Financial System History of the Indian Banking Industry Regulatory Bodies Monetary & Credit Policies Budget Basics and Current Union Budget International Organizations / Financial Institutions Capital Market & Money Market Government Schemes Abbreviations Economic Terminologies |
| Professional Knowledge | As per the relevant disciplines |
How to Apply for the OICL AO Jobs 2024:
Step 1: Visit the official website at www.orientalinsurance.org.in.
Step 2: Navigate to the Career section available on the homepage and click on the “Apply Now” button.
Step 3: Complete the registration process by providing your personal information, including name, email address, and other required details.
Step 4: After successful registration, you will receive a unique registration ID and password on the screen, along with an email and SMS containing this information to your registered email address and phone number.
Step 5: Log in using the provided credentials and proceed to fill out the application form with all the necessary details.
Step 6: Verify all the entered information for accuracy, and then submit your application by clicking on the designated “submit” button.
By following these steps, you can successfully apply for the OICL AO Recruitment 2024 through the official website.
FAQs: OICL Administrative Officer Recruitment 2024
What is the abbreviation of OICL?
Answer: OICL stands for The Oriental Insurance Company Limited.
Is Oriental Insurance a general insurance company?
Answer: Yes, Oriental Insurance is a general insurance company. They offer various insurance products like property, vehicle, health, personal accident, etc., unlike life insurance companies.
Is Oriental Insurance a government company?
Answer: Yes, Oriental Insurance is a public sector general insurance company owned by the Government of India and administered by the Ministry of Finance.
How to claim Oriental Health Insurance?
Answer: You can find information on claiming Oriental Health Insurance on their website (https://orientalinsurance.org.in/) or by contacting their customer care department. The process typically involves submitting a claim form along with the necessary documents as per your policy terms.
What is the claim settlement ratio for Oriental Insurance Company?
Answer: The claim settlement ratio for Oriental Insurance can vary depending on the type of insurance and year. You can find their annual reports or search for news articles mentioning their claim settlement ratio.
What is the full form of LV insurance?
Answer: LV likely refers to LV= General Insurance, a UK-based insurance company.
What is the full form of TPC in insurance?
Answer: TPC in insurance can have several meanings depending on the context. Here are a few possibilities:
- Third Party Cover (in auto insurance)
- Term and Condition Precedent
- Total Permanent Disability Clause
If you know the context in which you encountered TPC, it can help narrow down the meaning.
Who is the chairman of Oicl?
Answer: The chairman of OICL can change over time. You can find the current chairman on the OICL website or through news articles about the company.
What is the oldest insurance company in India?
Answer: Determining the absolute oldest insurance company in India can be complex due to historical mergers and acquisitions. However, some of the early insurance companies in India include Bombay Mutual Life Assurance Society (1820s) and Oriental Life Insurance Company (1874).
What is a reinsurance company?
Answer: A reinsurance company provides insurance to insurance companies. This helps insurance companies spread out their risk on large or high-risk policies.
What is the percentage of claim settlement in Oriental Health Insurance?
Answer: Similar to the claim settlement ratio for the whole company, the percentage of claim settlement in Oriental Health Insurance can vary depending on the year and specific policy details. Refer to their annual reports or customer service for details.
