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Oriental Insurance Ltd. Invites Applications for Administrative

The Oriental Insurance Company Limited invites applications for recruitment of 246 Administrative Officer (Scale I) jobs. Oriental Insurance is a leading public sector bank wholly owned by Government of India. Pursuing a career in the Oriental Insurance Company is rewarding.

Oriental Insurance Limited

Eligibility Criteria:

Nationality

(a) a citizen of India

(b) a subject of Nepal

(c) a subject of Bhutan

(d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India

(e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.

Other than candidates who are Indian citizen, the rest belonging in b, c, d and e categories need to produce certificate of eligibility issued by the Government of India.

Educational Qualifications

Applicants should have the certificate of passing the qualifying exam as on 28.02.2015.

For General Stream, candidates should have a Degree in any discipline from a recognized University OR any equivalent qualification recognized as such by Central Government.

For Specialist Stream, candidates should have a Degree in the relevant discipline from a recognized University OR any equivalent qualification recognized as such by Central Government.

Sl. No. Discipline Minimum Qualification
1. Accounts Chartered Accountant (ICAI) / B. Com / M. Com
2. Legal Graduate in Law
3. Generalist Graduate in any stream
4. Actuaries Post Graduate Degree in Mathematics / Statistics / Actuarial Science Or Graduation and pass in at least 04 papers of the examination conducted by Actuarial Society of India
5. Marketing MBA (Marketing / Sales

Age

Candidates who are of 21 years (minimum age) and 30 years (maximum age), as on 28.02.2015 are eligible to apply for the Oriental Insurance company Administrative Officer vacancies. Candidates must not born earlier than 01-03-1985 and not later than 28-02-1994.

Age relaxation:

Sl. No. Category Age Relaxation
1 Scheduled Caste/Scheduled Tribe 5 years
2 Other Backward Classes (Non creamy layer) 3 years
3 Persons With Disability 10 years
4 Ex-Servicemen, Commissioned Officers including Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCO s) who haverendered at least 5 years military service and have been released on completion of assignment (including those whose assignment is due to be completed within 1 year from the last date of receipt of application) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or physical disability attributable to military service or invalidment. 5 years
5 Defence service personnel disabled in operation during the hostilities with any foreign country or in a disturbed area and released as consequence thereof 3 years
6 Persons domiciled in the Kashmir Division of the Jammu & Kashmir State during the period 1-1-80 to 31.12.1989 Gen: 5 yearOBC: 8 years SC/ST:10 years
7 Existing Confirmed Employees of Public Sector General Insurance Companies (including GIC & Agriculture Insurance Company of India Ltd.) 8 years

Oriental Insurance Administrative Office Jobs Important Dates:

Date of Advertisement Publication in Employment News 28-02-2015
Online Registration commences from 27-02-2015
Last Date for Online Registration 20-03-2015
Payment of Application Fees 27-02-2015 – 20-03-2015
Dates of Online Examination Tentatively in May 2015

Candidates need to apply for the Administrative Officer jobs ONLINE only. No other mode of application would be accepted.

No. of Vacancies for Oriental Insurance Limited

Discipline No. of Posts
Accounts 100
Actuaries 02
Generalist 50
Legal 44
Marketing 50
Total Vacancies 246

N.B. Candidates are allowed to apply for only ONE discipline. If more than one application is submitted, only the latest completed application would be considered and the application fees/intimation charges for the other applications/registrations would remain forfeited.

Positions allocated on the following categories:

Categories Allocation
Un-reserved (UR) 125
Scheduled Caste (SC)   40
Scheduled Tribe (ST)   21
Other Backward Classes (OBC)   60
PWD -  HI/VI/OC (Persons with Disabilities)HI – Hearing Impaired/VI – Visually Impaired/OC – Orthopedically Challenged   19
Total 246

Administrative Officer Selection Process

The final selection of candidates for the Administrative Officer job would be based on overall performance in the Online Examination and Interview.

The Online Examination would consists of the following:

For Generalist:

Sl. No. Name of Test Type of Test Total Questions Max. Marks Medium of Exam Duration
1 Test of Reasoning Objective 40 40 Eng./Hindi 120 Mins.
2 Test of English Language Objective 40 40 English
3 Test of General Awareness Objective 40 40 Eng./Hindi
4 Test of Quantitative Aptitude Objective 40 40 Eng./Hindi
5 Test in English Language comprising of Essay, Précis and Comprehension. Descriptive 3 Essay – 15Precis – 10Comprehension – 15 English 45 Mins.

For Specialist:

Sl. No. Name of Test Type ofTest TotalQuestions Max. Marks Medium of Exam Duration
1 Test of Reasoning Objective 30 30 Eng. / Hindi 120 Mins.
2 Test of English Language Objective 30 30 English
3 Test of General Awareness Objective 30 30 Eng./Hindi
4 Test of Quantitative Aptitude Objective 30 30 Eng./Hindi
5 In Specialist stream, anadditional test to assess technical & professional knowledge in the relevant discipline Objective 40 40
6 Test in English Languagecomprising of Essay, Précis andComprehension Descriptive 3 Essay – 15Precis – 15Comprehension – 15 English   45 Mins.

Exam Patterns to Note:

  1. ¼ of the allotted marks would be deducted for each wrong answer.
  2. Descriptive English Test would be conducted only through Online mode.
  3. Total marks for the exam would be 200. Candidates would be shortlisted based on their performance in the objective and descriptive section.
  4. Cut off Score would be applied in two stages:

a)      On scores in individual tests

b)      On Total score

  1. Candidates require to obtain a minimum score in each section of the objective test separately to be shortlisted for the Descriptive paper evaluation/Interview.
  2. Descriptive paper would be evaluated only for candidates whose have passed the Objective test
  3. Cut offs for Descriptive and further shortlisting would be decided depending on the number of vacancies
  4. The test is available in both Hindi/English. However, the medium of writing the Test of English Language is English.

Interview

Candidates who have been shortlisted in the Online Examination would be called for interview, up to 3 times the vacancies of respective discipline/category. Necessary venue details, timing and date would be informed to respective selected candidates in advance. There is no option of candidates changing the set date, timing and venue of the interview. The weightage of the Online Examination and Interview would be 80:20.

Candidates should note the following points once selected as Administrative Officer:

Service Conditions

Selected candidates should be ready to join at the place of posting offered to them. They should not request for change of posting for a period of 05 years.

Probation Period

Candidates who are appointed in the Officers’ cadre on regular pay rolls of the Company shall be on probation for a period of 1 year from the date of joining the duty. The probation period may be extended twice maximum for a period of six months each.

If candidates are not able to pass the “Licentiate Examination” during probation period, the company holds complete authority to terminate the officer from service without any notice or assigning any reason thereof.

Guarantee Bond

Prior to joining as probationer, the selected candidates need to serve the company for at least 4 years including the probation period. If a candidate resigns before the expiry of bond period, he needs to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation.

Candidates resigning within the probation period or whose services are terminated by the company shall be liable to pay the salary received by them during their entire service in the company, in addition to an amount of INR 40,000 partial training costs.

Salary & Other Benefits

Candidates would paid a basic pay of INR 17,240 in the scale of INR 17,240-840(14)-29,000-910(4)-32640 and other admissible allowance as applicable. Total pay would be INR 36,000/- p.m. (approx.) in Metropolitan Centers. Other benefits such as PF, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. shall be as per government rules.

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