The New India Assurance CO. Ltd.

Recruitment of 509 Administrative Officers (Scale-I) in The New India Assurance CO. Ltd.

The New India Assurance Company Ltd., a leading Public Sector General Insurance Company & wholly owned by Government of India, invites applications for recruitment of 509 (Five Hundred Nine) Officers in Scale I cadre from open market.

Job Details:

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.

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 approximately Rs.36,000/- p.m. in Metropolitan Centers. Other benefits such as Pension under New Pension sys te m governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. shall be as per rules. The Officers are also entitled for Company‟s / leased accommodation as per norms. The salary scales are under revision with effect from August 2012.

Educational Qualification (as on 01.10.2014)

Candidate should possess certificate in proof of passing the qualifying examination as on 01.10.2014. 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:

Age as on 01.10.2014

Minimum Age: 21 years Maximum Age: 30 years, as on 01.10.2014 i.e. a candidate must have been born not earlier than 2nd Oct-1984 and not later than 1st Oct-1993 (both dates inclusive)

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

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 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.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.

Selection Procedure:

The final selection will be made on the basis of overall performance in Online Examination and Interview.

A) Candidates will be called for online examination to be held on 10.01.2015/11.01.2015 (Tentative).The test comprises of the following

For Generalist:

For Specialist:

There will be negative marks for wrong answer, 1/4th of the allotted marks will be deducted for each wrong answer. Candidates will have to appear for the online examination at their own expenses on 10.01.2015 / 11.01.2015(Tentative)

Cut off Score: Each candidate will be required to obtain a minimum total score for short listing for the interview. Depending on the number of vacancies available, cut offs will be decided for short listing.

The above tests, except the Test of English Language, will be available bilingually, i.e. English and Hindi.

The Company reserves the right to modify the structure of the examination which will be intimated through its website.

Application Fee (Non-Refundable)

Payable on-line from 11.10.2014 to 03.11.2014 (both dates inclusive)

• SC/ ST / PWD / FEMALE Rs. 50/- (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

Detailed Guidelines/Procedures for:

A. Application Registration
B. Payment of Fees
C. Photograph & Signature Scan and Upload

Candidates can apply online only from 11.10.2014 to 03.11.2014 and no other mode of application will be accepted.

Important Dates:

• Publication of Advertisement in Employment News 11.10.2014
• On line Registration commences from 11.10.2014
• Last Date for Online Registration 03.11.2014
• Payment of Application fees 11.10.2014 to 03.11.2014(Both dates inclusive )
• Dates of online Examination 10-01-2015 / 11-01-2015 (Tentative)
• Downloading of call letters for examination commences from 10 days prior to the date of examination (Tentative)

Click Here for Official Notification

Click Here to Apply Online

Courtesy: NIACL