Agriculture Insurance Company of India Limited (AIC) has been formed under the aegis of the Government of India and promoted by 6 Public Sector Companies as a specialty Crop Insurance provider to the Indian farming community. AIC was incorporated on 20th December 2002 with an Authorized Share Capital of INR 1500 crore and a Paid-up Capital of INR 200 crore. AIC commenced business operations from 1st April 2003, by taking over Crop Insurance operations from its major Promoter, General Insurance Corporation of India Ltd.
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.
VACANCY DETAILS :-
1. POST NAME - Management Trainee Finance
QUALIFICATION - B.Com With CA
EXPERIENCE - Nil
LOCATION - All Over India
2. POST NAME - Management Trainee Investment
QUALIFICATION - B.Com With CA/CFA
EXPERIENCE - Nil
LOCATION - All Over India
EMOLUMENTS :-
The selected candidates would be paid a consolidated pay of Rs. 60,000/- p.m.
during the training period of one year.
HOW TO APPLY :-
Candidates shall click on the link given below for filling and submission of the application and uploading the documents.
https://forms.gle/qMb32aSPLqKGtMmR7
• A candidate may apply for both disciplines 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.
The link will be active from 17.02.2023 (10:00 hrs) to 06.03.2023 (20:00 hrs)
ABSORPTION AS ADMINISTRATIVE OFFICER (SCALE I) :-
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. The probation period may be extended by a further period of six months.
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.
On absorption, as Administrative Officer (Scale I 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.
The Management Trainees who are selected for absorption in Administrative Officer (Scale I), before joining
as probationer will be required to give an undertaking-cum-Guarantee Bond to serve the Company for a minimum period of Three (03) years including the probation period of 1 year. In the event of their resigning from the Company or making it obligatory on the part of the Company to terminate the employee before the
expiry of the bond period, they will be liable to pay liquidated damages equivalent to consolidated pay received
during the training period of one year, which will be proportionately reduced depending on the length of service
rendered.
METHOD OF SELECTION :-
• 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. Candidates who have been qualified in the Written examination will
be ranked in the order of the merit for General as well as reserved category and will be called for an
interview to be conducted by the Company. Company reserves the right to relax/extend the eligibility standard in respect of minimum prescribed marks in written examination, in order to enhance / restrict the number of candidates to be called for interview, based on performance in the written examination and to commensurate with the number of vacancies.
• 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.
The Company reserves the right to fix the eligibility standards in order to restrict/ enhance the candidates to
be called for interview commensurate to the number of vacancies. The number of candidates to be called for interview will be about three times the number of vacancies to be filled in subject to availability of candidates. Maximum Interview marks are 50, and the minimum marks to qualify in the interview is 50% i.e., 25 marks. Company reserves the right to relax/extend the qualifying marks in order to enhance / restrict
the number of candidates to commensurate with the number of vacancies. The final merit list for selection of MT shall be prepared in descending order of the marks secured in interview by the candidates.
APPLICATION FEE - 500/-
LINK FOR OFFICIAL NOTIFICATION - CLICK HERE
LINK FOR ONLINE APPLICATION - CLICK HERE
LINK FOR OFFICIAL WEBSITE - CLICK HERE
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