Job Description
Overview
The Oriental Insurance Company Limited (OICL) has announced an engagement opportunity for Actuarial Apprentices at its Corporate Office in New Delhi. This program is designed to provide hands-on training to aspiring actuaries within a premier public sector insurance entity. Selected candidates will undergo an 11-month contractual apprenticeship, gaining exposure to professional insurance operations and actuarial practices.
Key Responsibilities
- Assist senior actuarial staff in data analysis and risk assessment tasks.
- Support the preparation of technical reports and documentation for insurance products.
- Participate in the monitoring of insurance portfolios and claim trends.
- Collaborate with cross-functional teams to ensure accurate data processing.
- Maintain compliance with internal standards and regulatory requirements.
- Engage in continuous learning and professional development activities as assigned.
Why Apply
This apprenticeship offers a unique platform for candidates to bridge the gap between academic knowledge and industry practice. Participants will receive a competitive monthly stipend and gain valuable experience in a government-backed insurance environment, which is highly beneficial for those pursuing a career in the actuarial field.
Important Dates
- Last date for advance scanned application: 13 October 2026
- Last date for receipt of hard copy: 16 October 2026
Quick Facts
- Vacancy count: 15
- Monthly stipend: Rs. 35,000
- Location: New Delhi
- Category: Insurance Jobs
OICL Actuarial Apprentices Recruitment 2026 Overview
End Date
16 Oct 2026
Salary
35000
Vacancies
15
Eligibility
Graduate + 4 Actuarial Papers
Vacancy Details
- UR: 7
- OBC: 4
- SC: 2
- ST: 1
- EWS: 1
- PwBD: 1
- Total: 15
How to Apply
- Navigate to the official website of The Oriental Insurance Company Limited and access the Career section.
- Download the prescribed application form provided in the notification.
- Fill in all personal and professional details accurately.
- Affix a recent passport-size photograph and sign the document.
- Send a scanned copy of the completed application to the designated email address.
- Dispatch the hard copy of the application along with self-attested copies of required documents to the Dy. General Manager (HR) at the Corporate Office in New Delhi.
- Retain a photocopy of the submitted application for your personal records.
Cutoff Marks
Qualifying marks for the personal interview will be determined by the company at its discretion.
Application Fee
The provided information does not specify an application fee. Please refer to the official notification PDF for details regarding any applicable charges.
Age Limit
Minimum 21 years and maximum 30 years as on 01 September 2026. Relaxations apply for OBC (33 years), SC/ST (35 years), and PwBD (40 years).
Selection Process
The selection process is based on a personal interview. Eligible candidates will be shortlisted based on their qualifications and professional background. The interview panel will evaluate the candidates' technical knowledge and suitability for the apprenticeship. Final selection is determined by the performance in the personal interview. The company reserves the right to set qualifying marks for the interview, and details regarding the schedule will be communicated via email or the official website.
Exam Pattern
The selection process does not involve a written examination. It consists solely of a personal interview conducted by an expert panel to assess the candidate's actuarial knowledge and professional aptitude.
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Organization
The Oriental Insurance Company Limited (OICL) is a premier public sector general insurance company in India, providing a wide range of insurance products to individuals and businesses. It is a government-owned entity under the Ministry of Finance.
Frequently Asked Questions
There are a total of 15 vacancies for the Actuarial Apprentice position. The distribution includes 7 for UR, 4 for OBC, 2 for SC, 1 for ST, 1 for EWS, and 1 for PwBD. Please check the official notification for detailed category-wise breakdowns.
Candidates must hold a Graduate degree and must have successfully passed at least 4 Actuarial Papers from IAI or IFoA (excluding the CB3 paper). Proficiency in R, Python, or SQL is also considered a desirable qualification for the role.
The age limit is 21 to 30 years as of 01 September 2026. Age relaxation is provided as per government norms: up to 33 years for OBC, 35 years for SC/ST, and 40 years for PwBD candidates. Ensure you have valid certificates to claim these relaxations.
The last date to send the advance scanned application via email is 13 October 2026. The deadline for the receipt of the hard copy of the application at the Corporate Office is 16 October 2026. Submit your documents early to avoid any postal delays.
Selected Actuarial Apprentices will receive a monthly stipend of Rs. 35,000. This is a contractual engagement for a period of 11 months, and no other employee benefits or overtime allowances are applicable during this training period.
The selection process consists of shortlisting eligible candidates followed by a Personal Interview. Final selection is based on the performance in the interview. The company will communicate the interview details to shortlisted candidates via email or the official website.
The selected Actuarial Apprentices will be posted at the Corporate Office of The Oriental Insurance Company Limited, located in New Delhi. Candidates should be prepared to work from this location for the entire duration of the 11-month apprenticeship.
To apply, visit the official OICL website, download the application form, fill it out, and attach the required documents. Send a scanned copy to the provided email address and mail the hard copy to the Dy. General Manager (HR) at the Corporate Office in New Delhi. Keep a copy of your application for future reference.
