OICL AO – Online Phase II – MAINS Examination Result Released – CHECK NOW

Dear Bankersdaily Aspirant,

The Oriental Insurance Company Limited (OICL) has finally released the results of the OICL AO Phase II Mains  Examination which was held on November 18, 2017 for the Phase II which was conducted for various posts. Many of the candidates have been waiting for the results as this was one of the most expected exams that happened in the month of November, 2017.

OICL has released the results of the OICL AO Phase II Mains Examination as PDF’s in their careers page and you can check the same too. Alternately you can check the results of the OICL MAINS EXAM from the links that are provided below to know the respective results of the various streams. The list of Roll Numbers who have cleared the Phase II Examinations are released in the PDF.

Click the below links to download the PDF to check the results of the OICL AO Mains Examination 2017

Result of Accounts Stream

Result of Actuaries Stream

Result of Engineers (Automobile) Stream

Result of Generalist Stream

Result of Legal Stream

Result of Medical Officer Stream

Team Bankersdaily wish all the aspirants who have cleared the OICL Mains Examination 2017.

Vacancies of Different Posts

The Total Number of Posts available for various posts available in the OICL AO exams are provided here. Totally OICL has released 300 vacancies for the posts available and they are a combination of various posts such as accounts, legal, actuaries, generalists, automobile engineers and medical officers.

Streams Vacancies
Accounts 20
Legal 30
Actuaries 2
Generalists 223
Automobile Engineers 15
Medical Officers 10

 

Role of Administrative Officer :

  • Overseeing the issuance of Insurance Policies
  • Procurement of Businesses
  • Meeting Prospective clients & Promoting Policies and getting Clients
  • Implementing and getting formal feedback for the company
  • Handling Policy Claims
  • Filing returns and Statements to Higher regional offices and officers
  • Responsible for running departments within the organization in the respective offices
  • Managing the other assistants in the workplace
  • Setting Insurance Claims

Salary , Emoluments & Benefits :

S.NO

Pay

Amount & Benefits

According To

1.

Basic Pay

Rs.32,795

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2.

Total Emoluments

Rs.51,000/- P.M

(In Metropolitan Cities)

3.

Benefits

Pension under New Pension System governed by PFRDA

As Per Rules

Gratuity

LTS

Medical Benefits

Group Personal Accident Insurance

4.

Other Benefits

Company’s Leased Accommodation

(As per norms)

 

Probation & Guarantee Bonds

Role : Administrative Officer

Probation Period : 1 Year

Condition : From the Date of Joining the Duty

Extension (Not mandatory) : Can be Extended Twice (Six months) , Stretching upto One Year

Should Pass : Non Life “Licentiate Examination conducted by Insurance Institute of India

If Failed : Liable to be terminated from service on expiry of the period after the extended probation period

NOTE: 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

Bond Period : Four Years including the Probation Period
In the event of Resigning : Before expiring of Bond Period , should pay One year’s gross salary.
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 the 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 year’s 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.40,000/- 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.

Career Progression

ADMINISTRATIVE OFFICER

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DEPUTY MANAGER

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 ZONAL MANAGER

 

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