Recruitment For 300 Officers in Scale I cadre in THE ORIENTAL INSURANCE COMPANY

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 THE ORIENTAL INSURANCE COMPANY LTD.
(Wholly Owned By Govt. of India)
HEAD OFFICE: A-25/27, ASAF ALI 
ROAD, NEW DELHI - 110002


 The Oriental Insurance Company Limited., a leading Public Sector General Insurance Company & wholly owned by Government of India, invites applications for recruitment of 300 (Three Hundred) Officers in Scale I cadre from open market.

Please note the Important Dates (Tentative):


Publication of Advertisement in Employment News
In the month of August 2017
On line Registration commences from / Payment of fees
18.08.2017
Last Date for Online Registration / payment of fees
15.09.2017
Dates of online Examination
Phase – I : 22.10.2017 (Tentative) Phase – II : 18.11.2017 (Tentative)

Candidates should apply through On-Line mode only. No other means/mode of application will be accepted.
Vacancies:

Discipline
No. of Posts
SC
ST
OBC
UR
PWD (HI/VI/OC)
Accounts
20





44





21





77





158




As per Government Rules.
Actuaries
02
Engineers (Automobile)

15
Legal
30
Medical Officer
10
Generalist
223
Total
300

Abbreviations stand for: UR: Un-reserved; SC: Scheduled Caste; ST: Scheduled Tribe; OBC: Other Backward Classes. PWD: persons with disabilities; HI: Hearing Impaired; VI:    Visually Impaired;                          OC: Orthopedically Challenged


     Educational Qualification (as on 31.07.2017)
Candidates  must  possess  the  minimum  qualification  as  listed  in  the  table  below  from  recognized University or any equivalent qualification recognized as such by Central Government.
Candidates should possess certificate in proof of passing the qualifying examination as on 31.07.2017

S. No.

Discipline
Minimum Qualification (Graduation/Post Graduation degree from a recognized
University )




1




Accounts
M.Com. with 55% for SC/ST and 60% for Others from a recognized University
or
Chartered Accountants (ICAI)
or
Cost and Management Accountant (The Institute of Cost Accountants of India) earlier known as Cost and Wok Accountants (ICWAI)
or
MBA (Finance) with 55% for SC/ST and 60% for Others from a recognized University


2


Actuaries
Graduate with 55% for SC/ST and 60% for Others in any discipline from a recognized university
&
has passed 4 Actuarial Papers from Institute of Actuaries of India (IAI) or Institute and Faculty of Actuary, UK (IFoA)

3
Engineers (Automobile)
Graduate/Post Graduate Degree in engineering(4 or 5 Years) with automobile engineering as a subject, with 55% for SC/ST and 60% for Others from a recognized University
4
Legal
Graduate in Law with 55% for SC/ST and 60% for Others from a recognized University
5
Medical Officer
M.B.B.S.
6
Generalist
Graduate in any stream with 55% for SC/ST and 60% for Others from a recognized University



      Selection Procedure

Phase-I: Preliminary Examination
Preliminary Examination consisting of Objective Tests for 100 marks will be conducted online. This test  would be of 1 hour duration consisting of 3 sections as follows:

S. No.
Name of the Test (not in sequence)
Type of test
Max. Marks
Duration
Version
1
English language
Objective
30

1 Hour
English
2
Reasoning Ability
Objective
35
English / Hindi
3
Quantitative Aptitude
Objective
35
English / Hindi

Total

100


Candidates have to qualify in each test by securing passing marks to be decided by the Company. Adequate number of candidates in each category as decided by the Company (approximately 20 times the numbers of vacancies subject to availability) will be shortlisted for the Main Examination.

Phase – II: Main Examination

Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 marks. Both the Objective and Descriptive Tests will be online. Candidates will have to answer Descriptive Test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test will be administered.
(i)      Objective Test: The Objective Test of 2 hours duration consists of 4 sections (Generalists) and 5 sections (Specialists) for total 200 marks.

For Generalists-


S. No.
Name of the Test (not in sequence)
Type of test
Max. Marks
Duration
Version
1.
Test of Reasoning Ability
Objective
50


120 Minutes
English / Hindi
2.
Test of English Language
Objective
50
English
3.
Test of General Awareness
Objective
50
English / Hindi
4.
Test        of       Quantitative Aptitude
Objective
50
English / Hindi

Total (Aggregate)

200



For Specialists-

S. No.
Name of the Test (not in sequence)
Type of test
Max. Marks
Duration
Version
1.
Test of Reasoning Ability
Objective
40



120 Minutes
English / Hindi
2.
Test of English Language
Objective
40
English
3.
Test of General Awareness
Objective
40
English / Hindi
4.
Test        of       Quantitative Aptitude
Objective
40
English / Hindi
5.
Test       of             Professional Knowledge
Objective
40
English / Hindi

Total (Aggregate)

200



(ii)       Descriptive Test: The Descriptive Test of 30 minutes duration with 30 marks will be a Test of English Language (Letter Writing-10marks & Essay-20 marks). The descriptive test will be in English and will be conducted through on-line mode.
Each candidate will be required to obtain a minimum score for each section of objective test separately for short listing for the Descriptive test evaluation/Interview. Descriptive answer script would be evaluated only in respect of those candidates who qualify the objective test and also score high. Depending on the number of vacancies available, cut offs will be decided for Descriptive paper evaluation.
Each candidate will be required to obtain a minimum total score (to be decided by the Company according to number of vacancies) in the objective test (main examination) and qualify in the descriptive test for short listing for the Interview.

A candidate shall be required to qualify in the descriptive test, but the marks in the descriptive test will not be counted towards short listing for interviews or final selection.

Penalty for Wrong Answers (Applicable to both – Preliminary and Main examination)
There will be penalty for wrong answers marked in the Objective Tests. Each question for which a wrong answer has been given by the candidate, one-fourth of the marks assigned to that question will be deducted as penalty to arrive at corrected score. If a question is left blank, i.e. no answer is marked by the candidate; there will be no penalty for that question. The Company reserves the right to modify the structure of the examination which will be intimated through its website.

Phase – III: Interview

Candidates who have been shortlisted at the end of Phase-II will subsequently be called for an Interview to be conducted by the Company, up to three times the number of vacancies of respective stream/category. Interview will be conducted at select centres. The weightage (ratio) of online Examination and Interview will be 80:20 respectively. The centre, address of the venue, time & date of Interview will be informed to the shortlisted candidates in the call letter. Candidates are required to download their interview call letters from company’s website. Please note that any request regarding change in date, centre etc. of interview will not be entertained. However the company reserves the right to change the date/ venue/ time/ centre etc. of interview or hold supplementary process for particular date / session / venue / centre / set of candidates at its discretion, under unforeseen circumstances, if any.

Final selection

Final selection would be based on consolidated marks of main examination (objective test) & Interview. The final merit list shall be prepared in descending order of the consolidated marks secured by the candidates. Candidates who fall within the number of vacancies in the merit list shall be considered for appointment. The selected candidates may be appointed in more than one batch as per the discretion of the Management. The seniority of the selected candidates will be as per the merit / select list. A Waiting List of candidates not exceeding 50% of the number of vacancies may also be prepared and may be utilized in the event of non acceptance of employment offer by the candidates selected in the final merit list.
The candidates are advised to ensure that they fulfill the requirements of age and qualification (final result for the qualification must have been published on or before 31.07.2017) before they apply. If a candidate is found ineligible, his/her candidature will be cancelled at any stage of recruitment. Appearing in the ONLINE EXAMINATION(S) & INTERVIEW will not automatically confer any right of being selected for the said post.

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