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Public Sector General Insurance Companies hiring 1434 Administrative Officer

Public Sector General Insurance CompaniesFor Generalist Stream, a candidate must possess the minimum qualification of a Degree in any discipline from a recognized University OR any equivalent qualification recognized as such by Central Government.

 

Company Name: Public Sector General Insurance Companies
Position: 1434 Administrative Officer
Education: Any Degree
Experience: Freshers
Location: Anywhere in India

 

Job Description:

 

For Specialist Stream a candidate must possess the minimum qualification of Degree in the relevant discipline from a recognized University OR any equivalent qualification recognized as such by Central Government:
The minimum Educational Qualifications required for various disciplines are:-

Service Conditions: Candidates may be selected for employment in any of the four Companies. Company’s decision in this regard shall be final. The service conditions will be applicable as per the prevalent rules of the companies from time to time. Selected candidates on appointment may be posted or transferred to any place in India as may be decided by the Companies.

 

Probation: Selected candidates, if certified fit medically, may be appointed as Administrative Officers (Scale-I) on probation for a period of one year, which may be extended by a further period up to six months. The Company reserves the right to terminate service of the candidate if found unsuitable at any time during probationary period or the extended probationary period without any notice or assigning any reason thereof. During the probationary period, candidates may be required to undergo theoretical/practical training as may be prescribed/arranged for them.

 

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 probationary 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 of sound financial standing for an amount equivalent to one year’s gross salary.

 

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

 

Emoluments & Benefits: Basic pay of Rs.17,240/- in the scale of Rs.17,240-840(14)-29,000-910(4)-32640 and other admissible allowance as applicable. Total emoluments will be above Rs.34,000/- plus in Metropolitan Centers. Other benefits are Pension under New Pension Scheme governed by PFRDA. Gratuity, LTS, Medical Benefits, Group Personal Accident and Group Savings Linked Insurance Scheme (GSLI) etc as shall be as per rules. The Officers are also entitled for Company’s/leased accommodation as per norms. With Major Benefits beside the total emoluments, the CTC works out to approximately to Rs.5.10 lacs per annum at Metro centers.

 

Educational Qualification as on 31.07.2013:
For Generalist Stream, a candidate must possess the minimum qualification of a Degree in any discipline from a recognized University OR any equivalent qualification recognized as such by Central Government.
For Specialist Stream a candidate must possess the minimum qualification of Degree in the relevant discipline from a recognized University OR any equivalent qualification recognized as such by Central Government

 

The minimum Educational Qualifications required for various disciplines are:-
Finance Chartered Accountant (ICAI)/ Cost Accountant (ICWA)/ M.Com./B.Com. with MBA (Finance).
Marketing Bachelor’s Degree in any discipline plus MBA with specialization in Marketing from any University/Institute.
Engineering B.Tech/B.E in any Engineering branch.
Automobile Engineering B.E./B.Tech. in Engineering with specialization in Automobile Engineering OR Graduate in Mechanical Engineering with PG Diploma (atleast one year duration) in Automobile Engineering.
Information Technology B. Tech / B.E in Information Technology / Computer Science
Agriculture Specialist Bachelor’s Degree in Agricultural Science.
Librarian Bachelor’s Degree in Library Science.
Legal Graduate in Law.
Generalist Graduate in any stream.

 

Company Profile:

 

National Insurance Company (NIC) was incorporated on 6th December 1906 at the height of the country’s nationalist Swadeshi movement as an expression of the Indian aspiration to establish a strong indigenous Company even in the midst of foreign rule. Today 106 years after its incorporation, 37 years after its nationalization and 10 years after its delinking from GIC, NIC stands tall as the Oldest insurance company in India and the only Company among 24 life insurance and 27 non-life insurance companies to be headquartered in the Eastern part of the country.Expanding to a robust 1340 offices including 373 Business Centers with 15,200 skilled personnel, NIC spans the length and breadth of the country. The Company also has operations in Nepal.

 

How to Apply:

MORE DETAILS HERE

CLICK HERE TO APPLY (Online Application Starts from 16 July 2013)

 

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