The New India Assurance Company Ltd., a leading Public Sector General Insurance Company, invites applications for recruitment of 312 Officers (Generalist & Specialists) in Scale I cadre from open market.
Name of the Post: Administrative Officers(Generalists & Specialists)
Total number of Posts: 312
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.
Age (as on 01.12.2018):
Minimum Age: 21 years Maximum Age: 30 years, as on 01.12.2018 i.e. a candidate must have been born not earlier than 2nd Dec-1988 and not later than 1st Dec-1997 (both dates inclusive).
Educational Qualification (as on 01.12.2018):
Generalists: 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/PwBD candidates.
Specialists: A candidate must possess the minimum qualification as follows. The qualification should be from a recognised University or any equivalent qualification recognised as such by Central Government.
Emoluments & 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 Company’s / leased accommodation as per norms. The salary scales are due for revision w.e.f Aug 2017.
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.
Phase I Examination:
Candidates have to qualify in each test/section by securing passing marks to be decided by the Company. Adequate number of candidates in each category as decided by the Company (approximately 15 times the numbers of vacancies subject to availability) will be shortlisted for the Main Examination.
Phase II Examination: Online Exam + Descriptive:
Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 marks. Both the Objective and Descriptive Tests will be online. Candidates will have to answer Descriptive Test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test will be administered.
(I) Objective Test: The Objective Test of 2 hours duration will be as follows:
The Descriptive Test of 30 minutes duration with 30 marks will be a Test of English Language (Letter Writing-10marks & Essay-20 marks). The descriptive test will be in English and will be conducted through on-line
mode. Each candidate will be required to obtain a minimum score for each section of objective test separately for short listing for the Descriptive test evaluation/Interview. Descriptive answer script would be evaluated only in respect of those candidates who qualify the objective test. Depending on the number of vacancies available, cut offs will be decided for Descriptive paper evaluation. Each candidate will be required to obtain a minimum total score (to be decided by the Company according to number of vacancies) in the objective test (main
examination) and qualify in the descriptive test for short listing for the Interview. Qualifying marks in the descriptive test shall be as follows: 15/30 (13.5/30 for SC,ST and PwBD).
All candidates other than SC/ ST / PwBD – Rs. 600/- (Application fee including intimation charges)
On-line registration and payment of application fees – 10th – 26th Dec 2018 (both dates inclusive)
Phase-I Online Examination (Objective) – 30th Jan 2019
Phase-II Online Examination (Objective + Descriptive) – 2nd Mar 2019
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