THE NEW INDIA ASSURANCE COMPANY LTD RECRUITMENT 2016Flame Institute

THE NEW INDIA ASSURANCE COMPANY LTD

The New India Assurance Company Ltd., a leading Public Sector General Insurance Company & wholly owned by Government of India, invites applications for recruitment of 300 Officers (Generalist) in Scale I cadre from open market.

TOTAL VACANCIES- 300

UR: Un-reserved; SC: Scheduled Caste; ST: Scheduled Tribe; OBC: Other Backward Classes. PWD: persons with disabilities; HI: Hearing Impaired; VI: Visually Impaired; OC: Orthopedically Challenged The above vacancies are provisional and may vary according to the actual requirements of the Company at the material time. *Candidates belonging to OBC category but coming in the ‘CREAMY LAYER’ are not entitled to OBC reservation and age relaxation. They should indicate their category as GENERAL. The reservation under various categories will be as per prevailing Government Guidelines at the time of finalization of result.

Please note the Important Dates

On-line registration and payment of application fees 14 Oct-01 Nov 2016

Phase-I Online Examination (Objective) 17th December 2016

Phase-II Online Examination (Objective + Descriptive) January 2017 (Tentative)

Candidates should apply through On-Line mode only. No other means/mode of application will be accepted.

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. Please note that most of the aforesaid vacancies are in Mumbai and its suburbs, Ratnagiri, Raigad & Sindhudurg districts of Maharashtra and the states of Goa & Gujarat. The minimum stay at the initial place of posting will be 5 years.
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 Insurance Institute 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 th e 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.
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 years including probation period. In the event of their resigning from the Company before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the 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.
Emoluments & Benefits Basic pay of Rs. 32,795/- in the scale of Rs. 32795-1610(14)-55335-1745(4)- 62315 and other admissible allowance as applicable. Total emoluments will be approximately Rs.51,000/- p.m. in Metropolitan Centers. Other benefits such as coverage under National Pension System governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. shall be as per rules. The Officers are also entitled for Company’s / leased accommodation as per norms. 5. Educational Qualification (as on 01.10.2016) A candidate must possess the minimum qualification of a graduate/post graduate in any discipline from a recognised University or any equivalent qualification recognised as such by Central Government with at least 60% marks in either of the degree examination for General candidates and at least 55% marks for SC/ST/PWD candidates. Candidate should possess certificate in proof of passing the qualifying examination as on 01.10.2016.
Age (as on 01.10.2016) Minimum Age: 21 years Maximum Age: 30 years, as on 01.10.2016 i.e. a candidate must have been born not earlier than 2nd Oct-1986 and not later than 1st Oct-1995 (both dates inclusive).
Selection Procedure Phase-I: Preliminary Examination Preliminary Examination consisting of Objective Tests for 100 marks will be conducted online. This test would be of 1 hour duration consisting of 3 sections as follows:

S. No	Name of the Test (not in sequence)	Type of test	Max. Marks	Duration
1	English Language	Objective	30	TOTAL -1 HOUR
2	Reasoning Ability	Objective	35
3	Quantitative Aptitude	Objective	35
			100

Phase – II: Main Examination will consist of Objective Tests for 200 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 2 hours duration consists of 4 sections for total 200 marks.