National Insurance Company Limited is India’s Oldest General Insurance Company. It was incorporated in Kolkata, West Bengal on December 5, 1906 to fulfil the nationalist aspiration for Swaraj. 66 years later, after passing of General Insurance Business Nationalisation Act in 1972, it was merged along with 21 foreign and 11 Indian companies to form National insurance Company Limited, one of the four subsidiaries of the General Insurance Corporation of India, fully owned by Govt. of India. Under the provisions of this Act, the shares of existing Indian general insurance companies and undertaking of other insurers were transferred to GIC for the regulation and control of insurance business.
VACANCY DETAILS :-
POST NAME - Officers Finance
QUALIFICATION - B.Com/M.Com/CA/CMA
EXPERIENCE - Nil
POST - 30
LOCATION - All Over India
EMOLUMENTS & BENEFITS :-
The starting Basic pay would be Rs. 50,925 /- in the scale of Rs.50925-2500(14)-85925-2710(4)-96765 and such other allowances as may be admissible
under the rules in force from time to time in the company. Total emoluments will be approximately Rs. 85,000/- per month in Metropolitan Centres. Other benefits such as Pension under New Pension scheme governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. shall be as per rules in force in the Company at the time of appointment. The Officers are also entitled for Company’s / leased accommodation as per norms.
SELECTION PROCESS :-
The written exam will be conducted in two phases :
Phase – I: Preliminary Examination online
Phase – II: Main Examination online
Phase-I: Preliminary Examination
Preliminary Examination consisting of Objective Tests (Multiple Choice type Questions) for 100 marks will be conducted online. This test would be of 60 minutes duration consisting of 3 sections (with separate timings for each section) as follows:
1. English Language - 30 Marks - 20 minutes
2. Reasoning Ability - 35 Marks - 20 minutes
3. Quantitative Aptitude - 35 Marks - 20 minutes
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: Main Examination online
Main Examination will consist of Objective Tests (Multiple Choice type Questions) for 250 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 3 Hours duration for total 250 Marks:
1. Test of Reasoning - 40 Questions - 40 Marks - 35 min
2. Test of English Language - 40 Questions - 40 Marks - 30 min
3. Test of General Awareness - 40 Questions - 40 Marks - 20 min
4. Test of Computer Knowledge - 40 Questions - 40 Marks - 25 min
5. Test of Quantitative aptitude - 40 Questions - 40 Marks - 35 min
6. In Specialist stream, an additional test to assess technical & professional knowledge in the relevantdiscipline
Objective - 50 Questions - 50 Marks - 35 min
(ii) Descriptive Test: The descriptive Test of 30 Minutes duration with 30 marks will be a Test of English Language (Essay – 10 Marks, Précis – 10 & Comprehension – 10 marks). The descriptive test will be in English and will be conducted through on-line mode.
Interview :-
Candidates who have been shortlisted based on online Phase – II (Mains Examination) will subsequently be called for an Interview to be conducted by the Company. Interview will be conducted at select centres. The centre, address of the venue, time & date of Interview will be informed to the shortlisted candidates in the call letter. Candidates are required to download their interview call letters from company’s website. Please note that any request regarding change in date, centre etc. of interview will not be entertained. However the company reserves the right to change the date/ venue/ time/ centre etc. of interview or hold supplementary process for particular date/session/ venue/centre/ set of candidates at its discretion, under unforeseen circumstances, if any.
APPLICATION FEE - 1000/-
IMPORTANT DATES :-
1. On line Registration commences from - 2nd January, 2024
2. Last Date for Online Registration - 22nd January, 2024
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