Rupali PruthiAssistant Manager - Editorial
What is OICL?
Oriental Insurance Company will release the OICL recruitment notification as soon as the company will find it a suitable time to conduct the exam. The company is mulling the idea of issuing the recruitment notification at the end of this year.
Oriental Insurance Company Limited (OICL) is one of the oldest insurance companies in India. Incorporated in 1947, this company was working as a subsidiary of LIC of India from 1956 to 1973. In 2003, its ownership was transferred from General Insurance to Central Government. The OICL assistant and the OICL Assistant Administrative Officers are the two positions pivotal in expanding the business to its current extent.
OICL conducts the following exams every year to recruit the candidates:
- Agent
- Assistant
- Administrative officer(AO)
OICL Exam Highlights
| Exam Name | OICL Exam 2020 |
| Conducting Body | Oriental Insurance Company Limited |
| Exam Level | National |
| Exam Frequency | Once a year |
| Exam Mode | Online – Computer Based Test(CBT) |
| Exam Stages | Prelims - Main - Interview |
| Application Fee | Rs 600 |
| Language | English And Hindi |
| No. of Test Cities | Test centres across the nation |
| Exam Helpdesk No. | 1800118485 / 011-33208485 |
| Official Website | https://orientalinsurance.org.in |
OICL Eligibility
OICL exam is one of the most popular exams in the insurance sector. Being one of the government company, competition in the OICL exam is fierce. All the candidates try to get selected in the OICL exam and hence increase the competition in the exam.
Educational Qualification
For the OICL Administrative officer exam, the minimum educational qualification required is different for different positions and the detail educational requirement for each post is given below.
| Post | Education Qualification required |
|---|---|
| Generalist | Graduation Degree with 60% (55% for SC/ST) from a recognised university |
| Engineers (Automobile) | Graduation/Post Graduation degree in Automobile Engineering with 60% marks(55% for SC/ST) |
| Accounts | Master’s Degree in Commerce / MBA degree in Finance with 60% marks (55% for SC/ST) Or ICWAI Or Cost and Management Accountant(ICWAI) earlier known as Cost and Wok Accountants (ICWAI) |
| Legal | Law Degree with 60% marks(55% for SC/ST) |
| Actuaries | Graduation Degree with 60% marks and must have passed 4 Actuarial papers from IAI/IFOA |
| Medical Officer | M.B.B.S Degree |
OICL AO Age limit
The date of the candidates will be counted from July 31st of the exam year. The prescribed age limit for the OICL AO exam is as follows.
Minimum Age: 21 years
Maximum Age: 30 years
The candidate must have been born not earlier than 1st August 1990 and not later than 31st July 1999(both dates inclusive).
OICL Important Dates
| OICL Event | Important Dates | Salient Features |
|---|---|---|
| Notification | December 2020 (Tentative) | The OICL notification will be issued online |
| Last date for application | December 2020 (Tentative) | The OICL application will end |
| OICL Prelims exam | February 2021 | The OICL prelims exam will be conducted online |
| OICL Result for prelims | March 2021 | The OICL result will be declared |
| OICL Main exam | April 2021 | The OICL main exam will be conducted online |
| OICL Result for the main exam | May 2021 | The OICL result will be declared online |
| OICL Interview | June 2021 | The OICL interview will be conducted at various exam centres |
| OCIL Result | June 2021 | The OICL result will be declared online |
OICL Vacancies
The OICL vacancies will be mentioned in the official notification when the notification will be released. There are a good number of vacancies in the OICL recruitment each year and the candidates should hope for the maximum number of vacancies. The OICL vacancies as notified in the last notification is given below
OICL Notification
The OICL notification will officially declare the number of vacancies in the OICL AO exam. It will also underline the OICL important dates for the candidates to plan their preparation.
This is the appropriate time to start the preparation of the OICL AO preparation because the exam will be conducted within two months from the date of notification and the candidates need to compete at all India level in the prelims exam. This will be a tough task to compete for a paper of one hour only.
OICL Syllabus
OICL syllabus will be officially mentioned in the OICL notification 2020. In addition to the syllabus, OICL exam pattern will also be defined in the OICL notification. The candidates can prepare for the OICL exam with the old syllabus because the syllabus topics will be similar in the new notification also. The OICL syllabus will help the candidate to prepare well in advance and take advantage over the competitors.
OICL Selection Procedure
The OICL exam is a three-tier exam where the candidates need to appear and clear all the tiers of the exam. The three-tier system of the exam helps the examination body to select the best talent available. The candidates also get a fair chance to perform in different stages of the exam. Following are the stages of exam
- Prelims
- Mains
- Interview
To appear in the any of the OICL exams, the candidates are required to download OICL admit card for each stage.
Download here: OICL Admit Card
OICL Prelims exam
After the application process came to an end, the candidates wait for the OICL prelims exam. This is the first stage exam and serves as the filter for the other stages. The prelims exam has the highest competition among all the stages of the exam.
| Exam Duration | One Hour |
| Paper Type | Objective |
| Paper Mode | Online CBT |
| Maximum Marks | 100 |
| No. of Sections | 3 - English language, Reasoning Ability, Quantitative Aptitude |
| Sectional Cut off | Yes |
Approximately 20 times, the number of vacancies, candidates will be shortlisted for the main exam. The marks of OICL will not be counted for the final selection. It serves only as a filter for the main exam.
OICL Probation Period
The probation period for the Administrative Officer in the OICL in one year. OICL reserves the right to extend the period of probation for six months for two times. The candidates are required to pass the “Licentiate Examination” conducted by the Insurance Institute of India. If the candidates fail to pass the said exam, he will be terminated from the service.
OICL Guarantee Bond
The candidates need to furnish a bond to serve the company for a minimum period of four years, including the probation period. In case the candidates resign before the completion of said period, he/she will be liable to pay the liquidated damage equivalent to one year of gross salary paid to them in the probation period.
The candidates who resign in the probation period, need to pay the company all the emoluments provided to them by the company and an amount of Rs Forty thousand as a partial cost of training.
OICL 2022 Contact Information
Oriental Insurance Company Ltd.
Oriental House, A-25/27, Asaf Ali Road,
New Delhi - 110002
OICL Exam
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