National Insurance Engagement of Actuarial Apprentices has been released by National Insurance for 16 posts. Initially the candidates will be absorbed for a period of 2 years latter on they will be regularized as an Administrative Officer as per terms and conditions mentioned in the below blog post.
Table of Contents
Name of the Post | Actuarial Apprentices |
Total No of vacancies | 16 Nos |
Period Of Engagement | Fixed period of 2 Years |
Age Limit | Not more than 27 years as on 01.09.2023 |
Salary/monthly Stipend | 1st Year – INR 40,000 per month 2nd Year – INR 45,000 per month |
Selection Process | Personal Interview |
How to Apply | Offline Mode Only |
Last Date of Receipt of Application form | 15-10-2024 |
National Insurance Engagement of Actuarial Apprentices Vacancy Detail
16 (Sixteen) (Reservations shall be applicable as per Government guidelines).
Also Read:
Category | UR | SC | ST | OBC | EWS* | PwBD** |
Vacancies | 8 | 2 | 1 | 4 | 1 | 1(VI) |
Economically Weaker Section (EWS) as per OM No. 36039/1/2019-Estt (Res) dated 31.01.2019
Person with Benchmark Disability as per OM No. 36012/1/2020-Estt (Res-II) dated 17.05.2022 (Horizontal vacancy)
Eligibility Conditions as on 1st September 2024
Qualifications
Graduation / Post Graduation from recognised university with at least 60% or more marks in aggregate (55% in case of SC/ST candidates).
AND
The candidate should have passed or have been exempted from at least 3 actuarial exams conducted by Institute of Actuaries of India (IAI) or Institute and Faculty of Actuaries, UK as per curriculum 2019.
Age Limit
Not more than 27 years as on 01.09.2023, relaxation up to 30 years for OBC and 32 years for SC/ST and 37 years for person with PwBD.
Monthly Stipend
1st Year – Rs. 40,000 per month.
2nd Year – Rs. 45,000 per month.
Service Conditions
The apprenticeship period shall be for a period of two years.
The Apprentices need to pass a minimum of 2 (two) additional actuarial papers by the end of 2 years of apprenticeship period.
The apprentice can be terminated immediately on unsatisfactory work performance.
Absorption in the Cadre of Administrative Officer Scale – I
On completion of the apprenticeship period, those apprentices having satisfactory work record and have passed minimum 5 subjects shall be considered for absorption in the cadre of Administrative Officer (Scale-I) as per other prevalent recruitment rules. Such absorbed officers shall be treated as fresh Direct Recruit Officer in Scale-I cadre on probation from their date of absorption.
Method of Selection/Selection Process
All eligible candidates will have to appear for Personal Interview, their selection will be based on their performance in the same.
The qualifying marks in the Personal Interview will be decided by the Company.
Modalities regarding Personal Interview will be informed to the candidates through
Company’s Website and/or regd. e-mail id in due course.
Final selection of candidates will be subject to medical examination.
Postings of selected candidates will be at Head Office, Kolkata.
How to Apply
Candidates should have a valid personal email id and Mobile Number to which Company may send any related information through email and/or mobile and the same should be kept active till the completion of the selection process.
Candidates should visit the recruitment section of website of National Insurance Co. Ltd. for details.
Candidates should read carefully all the details given in the Advertisement.
Interested candidates, after ensuring the fulfilment of eligibility criteria can download the Application Form, fill all the details in the file, affix the photo, sign as per specification and send the application to the following address:
THE CHIEF MANAGER PERSONNEL DEPARTMENT NATIONAL INSURANCE CO LTD
HEAD OFFICE, PREMISES NO. 18-0374, PLOT NO.CBD-81, NEW TOWN, KOLKATA-700156
National Insurance Engagement of Actuarial Apprentices important Dates and Web Links
Last Date of Receipt of Application Form | 15-10-2024 |
Official Notification for National Insurance Engagement of Actuarial Apprentices | Click Here |
Recruitment Portal of National Insurance | Click Here |
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