National Insurance Company Recruitment 2015 (362 Posts)

National Insurance Company Recruitment 2015

Online application are invited from NICL (National Insurance Company Ltd.) for the following Post.

Name of Post	No. Of Posts
Finance	60
Legal	60
Automobile Engineering	20
Information Technology	30
Total Specialist	170
Generalist	192
Total	362 Posts

1. 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.

2. 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 InsuranceInstitute 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.

3. 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 yearsincluding probation period. In the event of their resigning from the Company before the expiry of the bond period, they will beliable to pay liquidated damages equivalent to one year’s gross salarypaid to them during the year of probation which could be proportionately reduced depending onthe

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 andno Leave Salary or Pension Contribution will be made.

4. 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 system governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. shall be as per rules. The CTC works out to Rs 5.3 lakhs p.a. The Officers are also entitled for Company’s / leased accommodation as per norms. The salary scales are under revision with effect from August 2012.

5. Educational Qualification (as on 30.11.2014) Candidate should possess certificate in proof of passing the qualifying examination as on 30.11.2014. 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:

SrNo	Name of Post	Qualification
1	Finance	Chartered Accountant (ICAI) / Cost Accountant (ICWA)/ M.COM/ B.COM
2.	Automobile Engineering	B.E./B.Tech. in Automobile Engineering
3.	Information Technology	B.E/B.Tech in Computer Science/Information Technology
4.	Legal	Graduate in Law.
5.	Generalist	Graduate in any stream.

Note

a) Qualifications mentioned above should be from any of the recognized Indian Universities duly approved by theUGC or any of the recognized Indian Institutes duly approved by AICTE.

b) Preference will be given to candidates having post qualification experience in their area of specialization. Company’s decisionin this regard shall be final.

c) The candidate must possess valid Mark-sheet / Degree Certificate of the necessary qualification as on 30.11.2014.

6. Age as on 30.11.2014 Minimum Age:21 years Maximum Age:30 years, as on 30.11.2014

i.e. a candidate must have been born not earlier than 1.12.1984 and not later than 30.11.1993 (both dates inclusive). 

 

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