AIC Management Trainee Recruitment 2023
AIC Finance, Investment & Actuarial Recruitment
AIC Management Trainee Recruitment 2023:
Agriculture Insurance Company of India Limited has released the latest notification for the recruitment of Management Trainees in the Finance, Investment, and Actuarial discipline.
Eligible candidates can download the AIC Management Trainee Recruitment 2023 from the download section of this blog and apply online for relevant disciplines in the "How to apply section".
|
Discipline |
Total Vacancies |
|
Finance and Investment |
10 |
|
Actuarial |
10 |
Emoluments , Training & Probation:-
The training period will be for a period of 1 (ONE) year. The selected candidates would be paid a consolidated pay of Rs. 60,000/- p.m. during the training period of one year.
The Management Trainee absorbed as Administrative Officer (Scale I) after completion of training period will be treated at par with a Direct Recruit Officer in Scale I and will be on probation for a period of one year from the date of absorption
On absorption, as Administrative Officer, the emoluments will be fixed in the scale of pay of Rs. 50,925-2500(14)-85,925-2710(4)-96,765 plus such other increment/allowance like DA, HRA, CCA etc. as may be admissible under the rules, in force, from time to time and subject to revision of the pay scales, if any.
The total emoluments will be approximately Rs 84,000/- per month in ‘A’ Class city plus other benefits, which are New Pension Scheme, Special Allowance for passing Actuarial Examination, Gratuity, LTC, Medical Lumpsum, Group Mediclaim, Group Personal Accident Insurance, Vehicle Loan, Meal coupon, cost of Briefcase/leather bags, mobile handset, Newspaper, mobile expenses, etc. as per rules.
Age Limit Details:-
Minimum Age: 21 Years;
Maximum Age: 30 years
i.e. a candidate must have been born not earlier than 2 nd February 1993 and not later than 01st February 2002 (both dates inclusive).
For relaxation in age limit, refer detailed notification.
Educational Qualification as on 01.02.2023;-
Minimum Qualification- Finance Discipline
- Qualified Chartered Accountant of ICAI and
- Graduation in Commerce from a recognized University/Institution/Board recognized by Govt. of India/ approved by Govt. Regulatory Bodies with minimum 60% (55% for SC/ST) marks
Minimum Qualification- Investment Discipline
- Qualified Chartered Accountant of ICAI or CFA Level 2 Passed or FRM L1 and
- Graduation in Commerce from a recognized University/Institution/Board recognized by Govt. of India/ approved by Govt. Regulatory Bodies with minimum 60% (55% for SC/ST) marks
Minimum Qualification Actuarial Discipline
- Passed or have been exempted from at least 9 CT Papers (as per old curriculum) or 7 Core Principle papers (as per 2019 curriculum) conducted by Institute of Actuaries of India (IAI) or Institute and Faculty of Actuaries, UK and
- Graduation from a recognized University/Institution/Board recognized by Govt. of India/ approved by Govt. Regulatory Bodies with minimum 60% (55% for SC/ST) marks
Selection Process:
The selection of the candidate will be based on Written Examination and/or Interview to be decided by the Company considering the number of applications received.
- Written Examination: In case of written examination being conducted for shortlisting of candidates, the examination will have Professional knowledge questions with 80% weightage and Aptitude questions of 20% weightage. The Minimum qualifying mark in the written examination is 60% for General, OBC & EWS and 55% for SC/ST candidates.
- Interview: In case written examination is not conducted, the shortlisting of eligible candidates will be done based on preliminary screening. The shortlisted candidates will be called for personal interview to be conducted by the Company. Shortlisting will be provisional based on the details filled up in the application form without verification of documents.
Application Fees:-
Applicant Category | Amount of Fees (Non-refundable) |
SC/ST/PwBD | Rs. 100/- |
All other categories | Rs. 500/- |
Note:
1.The candidate applying for both Finance and Investment Disciplines simultaneously as per eligibility criteria has to deposit fees once.
2.The payment of fees should preferably be made through NEFT/IMPS.
3.The application without fees as mentioned above will be summarily rejected.
4.The proof of payment is to be uploaded on the Google form.
The bank details are as follows: -
Agriculture Insurance Company of India Ltd
Bank Name: Axis Bank Ltd.
Bank Account No. 920020029227087
IFSC Code: UTIB0000007
How to Apply:-
- A candidate may apply for both disciplines (Finance & investment) as per the eligibility criteria in the same google form link mentioned above. •
- Incomplete applications without supporting documents, shall be summarily rejected.
- In case of difficulty in filling the application, you may email to recruitmentother2022@gmail.com •
- Candidates are advised to read the general information carefully before submitting the application form.
- MT Finance and Investment discipline. - Apply here
- MT Actuarial discipline- Apply here
General Information:-
1. Nationality:
A candidate applying 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.
2.Candidates need not to send the hard copy of the application and certificates to AIC.
3.Date, time, and venue of Written Exam/ Personal Interview will be informed to the shortlisted candidates to their e-mail id mentioned in their application form.
4. Refer other conditions from the notification.
About AIC:
Agriculture Insurance Company of India Limited (AIC) has been formed under the aegis of the Government of India and promoted by PSUs as a specialty Crop Insurance provider to the Indian farming community.
AIC is a specialty and one of the largest Crop Insurance Company in the Indian non-life Insurance Sector, having market share of about 50% in Crop Insurance and aiming to cover the huge protection gap lying uninsured with respect to other risks related to agriculture and allied activities of the farmers.
Check-Out GIC Finance Recruitment 2023 Notification
Download Section:
Official Website:- Click Here
Notification PDF:
MT Finance and Investment discipline. - Download here
MT Actuarial discipline - Download here
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