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NEW INDIA ASSURANCE COMPANY Ltd(ADMINISTRATIVE OFFICER) Exam Details

The New India Assurance Company Ltd.(NIACL), a leading Public Sector General Insurance Company & wholly owned by Government of India, invites applications for recruitment of 300 Administrative Officers (Generalist) in Scale I cadre. Eligible candidates may apply through online.

Kindly note :

Date of Phase-I Online Examination (Objective) (Tentative): 17.12.2016 

Date of Phase-II Online Examination (Objective + Descriptive)(Tentative): 10th January 2017

Start date for Online Registration: 14.10.2016

Last date for Online Registration: 01.11.2016

Download of Call Letter for Examination: 10 days prior to the date of examination (Tentative)

TOTAL NO.OF VACANCIES: 300

The vacancies are provisional and may vary according to the actual requirements of the Company at the material time.  

Eligibility Criteria (as on 01.10.2016)

A)  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 African 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.

B) Educational Qualification (as on 01.10.2016) 

A   candidate   must   possess   the   minimum   qualification   of   a   graduate/post graduate   in   any   discipline   from   a   recognised   University   or   any   equivalent qualification recognised as such by Central Government with at least 60% marks
in  either  of  the  degree  examination  for  General  candidates  and  at  least  55%
marks for SC/ST/PWD candidates.

C) Age – (As on 01.10.2016):

Minimum Age: 21 years Maximum Age: 30 years, as on 01.10.2016 i.e. a candidate must have been born not earlier than 2nd Oct-1986 and not later than 1st Oct-1995 (both dates inclusive). 

Emoluments and Benefits:

Basic pay of Rs.32,795/-in the scale of Rs.32795 - 1610 (14)-55335-1745(4)-62315 and other admissible allowance as applicable.Total emoluments will be approximately Rs.51,000/-p.m.in  Metropolitan  Centers.  Other  benefits  such  as  coverage  under  National  Pension  System  governed  by  PFRDA,  Gratuity,  LTS, Medical  Benefits,  Group  Personal  Accident  Insurance  etc.  shall  be  as  per  rules. The Officers are also entitled for Companys / leased accommodation as per norms.

Service Conditions:

The  service  conditions  will  be  applicable  as per  the  prevalent  rules  of  the Company from time to time. Selected candidates on appointment may be posted
or  transferred  to  any  place  in  India  as  may  be  decided  by  the  Company.
Please note  that  most  of  the  aforesaid  vacancies  are  in  Mumbaiand  its  suburbs,
Ratnagiri,  Raigad  &  Sindhudurg  districts  of  Maharashtra and  the  states  of
Goa & Gujarat. The minimum stay at the initial place of posting will be 5 years.

Probation :

A candidate appointed in the Officers cadre on regular pay rolls of the Company shall be on probation for a period of one year from the date of joining the duty. The probation period may be extended twice by a further period of six months at a time stretching up to one year.  

During the probation period the Officers would be required to pass the non-life “Licentiate Examination” conducted by Insurance Institute of India. Only after passing the said examination the Officer will be eligible for confirmation of his/her services in the Company. Failure to pass the said Examination within the extended probation  period will render the officer liable to be terminated from service on expiry of the period so specified.  

The Company reserves the right to terminate the services of the candidate if found unsuitable at any time during the probation period or the extended probation period without any notice or assigning any reason thereof.

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 probation 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 (not blood relatives) of sound financial standing for an amount equivalent to one years gross salary.

Candidates resigning from the Company during the probation period and candidates whose services are terminated by the Company during the probation 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.

Application Fees /Intimation Charges(Non-refundable) :

 

Payable on-line from 14.10.2016 to 01.11.2016 (both dates inclusive)

 

SC/ ST / PWD / FEMALE

Rs. 100/- (Intimation Charges Only)

All candidates other than SC/ ST / PWD / FEMALE

Rs. 600/- (Application fee including intimation charges)

*The transaction charge, if applicable, is to be borne by the candidate. Fee/ Intimation charges once paid will NOT be refunded on any account nor can it be held reserve for any other examination or selection. 

HOW TO APPLY :

Candidates can apply online only from 14.10.2016 to 01.11.2016 and no other mode of application will be accepted.

Candidates to go to the Companys website http://newindia.co.in and click on the option "APPLY ONLINE" which will open a new screen.

 

For more details visit

http://www.newindia.co.in/downloads/FINAL%20ENGLISH%20ADVERTISEMENT%2006.10.2016.pdf

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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