(In Kolkata) Apprenticeship Opportunity at National Insurance Company Limited
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The National Insurance Company
Limited (NICL), a leading public sector insurance company in India, invites
applications for the position of Actuarial Apprentice. This is a unique
opportunity for aspiring actuaries to gain hands-on experience in the insurance
sector while continuing their studies. The apprenticeship is structured to
offer practical exposure to actuarial practices and prepares candidates for a
successful career in the field.
Total Posts
16 Vacancies
The positions are distributed across various categories, adhering to government
regulations on reservations.
Category-wise Distribution:
- Unreserved (UR): 8 vacancies
- Scheduled Caste (SC): 2 vacancies
- Scheduled Tribe (ST): 1 vacancy
- Other Backward Classes (OBC): 4 vacancies
- Economically Weaker Section (EWS): 1 vacancy
- Persons with Benchmark Disabilities (PwBD): 1 vacancy (Visually Impaired)
Job Role
The Actuarial Apprentice will
engage in a two-year apprenticeship program designed to bridge the gap between
academic learning and practical application. This role is ideal for individuals
who are currently pursuing actuarial studies and are looking to apply their
knowledge in a professional environment.
Job Description
As an Actuarial Apprentice, you
will:
- Assist in data collection and analysis to
support actuarial projects.
- Work closely with experienced actuaries to
understand risk assessment, pricing models, and financial projections.
- Participate in the preparation of reports and
presentations related to actuarial analyses.
- Collaborate on various tasks that contribute
to the company’s actuarial functions, ensuring that theoretical concepts
are effectively translated into practice.
Job Location
Kolkata, West Bengal
All selected candidates will be based at NICL’s Head Office in Kolkata.
Eligibility Criteria
To qualify for this position,
candidates must meet the following requirements:
Age Limit
Candidates must be not more
than 27 years old as of 1st September 2023.
Relaxation
in Age:
OBC: Up to 30 years
SC/ST: Up to 32 years
PwBD: Up to 37 years
Educational Qualifications
- Candidates must possess a Graduation or
Post Graduation degree from a recognized university, with a minimum of
60% marks in aggregate (55% for SC/ST candidates).
- Additionally, candidates should have passed or
been exempted from at least 3 actuarial exams conducted by the
Institute of Actuaries of India (IAI) or the Institute and Faculty of
Actuaries (IFoA), UK, as per the curriculum of 2019.
Experience
No prior
experience is required, making this
position perfect for recent graduates or those still studying.
Physical Measurements:
There are no specific physical
measurement requirements for this role.
Salary / Pay Scale
Monthly
Stipend:
1st Year: ₹40,000
2nd Year: ₹45,000
This stipend will support the apprentices during their training period.
How to Apply / Application Process
Interested candidates should
follow these steps to apply:
1.
Visit the Recruitment Page: Go to the NICL recruitment section at National Insurance Recruitment.
2.
Download the Application Form: Ensure you have a valid email ID and mobile number for correspondence.
3.
Complete the Application: Fill in all required details, affix a recent passport-sized
photograph, and sign as per the instructions.
4.
Submit Your Application:
o
By Post: Send your completed application to:
THE CHIEF
MANAGER
PERSONNEL
DEPARTMENT
NATIONAL
INSURANCE CO LTD
HEAD
OFFICE, PREMISES NO. 18-0374, PLOT NO.CBD-81, NEW TOWN, KOLKATA-700156.
Advance
Copy: Email a scanned copy of your
application to HO.Pers@nic.co.in.
Selection Process
The selection will be conducted
as follows:
1.
Personal Interview: All eligible candidates will be invited for a personal interview. The
performance in this interview will determine selection.
2.
Qualifying Marks: The company will set qualifying marks for the interview.
3.
Medical Examination: Final selection will also depend on the candidate’s medical fitness.
4.
Postings: Selected candidates will be placed at the Head Office in Kolkata.
Application Fees
No
Application Fee: There are no fees associated
with the application process, making it accessible for all eligible candidates.
Important Dates
Last Date
for Receiving Applications: 15th October 2024
Important Links
National Insurance Company Recruitment Page
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FAQs
1. What is the duration of the
apprenticeship?
- The apprenticeship lasts for two years.
2. Can I be absorbed into a
permanent position after the apprenticeship?
- Yes, candidates with satisfactory performance
who pass at least 5 actuarial subjects may be considered for
absorption as Administrative Officers.
3. Is there any relaxation in
educational qualifications for reserved categories?
- Yes, candidates from SC/ST categories require
a minimum of 55% marks.
4. How will I be notified about
the interview process?
- Candidates will receive updates via email or
can check the NICL website for information.
5. Are there any physical
requirements for the position?
- No, there are no specific physical
requirements for this apprenticeship.
Conclusion
This Actuarial Apprenticeship at
the National Insurance Company Limited presents an exceptional opportunity for graduates
to gain invaluable experience in the actuarial field. If you're passionate
about pursuing a career in actuarial science, this apprenticeship could be the
perfect stepping stone. Don’t miss out on this chance! For more details and to
apply, visit myjobsy.com today. Your future in actuarial
science awaits!
