Agriculture Insurance Company of India Limited (AIC)
Agriculture Insurance Company of India Limited (AIC) is inviting applications from eligible Indian citizens for the recruitment of 55 Management Trainee (MT) positions across different disciplines. This recruitment is conducted on an All India Basis through an open competition.
Company Overview
Parameter
Details
Company Name
Agriculture Insurance Company of India Limited (AIC)
Persons with Benchmark Disabilities (PwBD) Reservations
Disability Type
No. of Posts
Visual Impairment (VI)
1
Hearing Impairment (HH)
4
Orthopedically Challenged (OC)
1
Intellectual/Multiple Disability (ID/MD)
2
Training & Probation Period
Phase
Duration
Salary
Management Trainee (MT) Training Period
1 Year
₹60,000 per month
Administrative Officer (Scale I) Probation Period
1 Year (Extendable by 6 months)
₹50,925 + Allowances (Total ~ ₹90,000 per month)
Trainees who perform satisfactorily will be absorbed as Administrative Officers (Scale I).
If work performance is unsatisfactory, employment may be terminated.
Service Bond: Candidates must serve 2 years after absorption. Early resignation/termination will require payment of liquidated damages.
Resignation Period
Liquidated Damages
Within 1 year of absorption
₹4,00,000
After 1 year & before 2 years
₹2,00,000
Eligibility Criteria
Educational Qualification (As on 01.12.2024)
Discipline
Qualification
Generalist
Graduate/Postgraduate in any discipline with 60% marks (UR/OBC/EWS) and 55% marks (SC/ST/PwBD)
Actuarial
Bachelor’s/Master’s degree in Statistics/Mathematics/Actuarial Science/Economics/Operations Research OR any Graduate with at least 2 actuarial papers from IAI/IFoA
Information Technology (IT)
B.E/B.Tech/M.E/M.Tech in CS/IT OR MCA with 60% marks (UR/OBC/EWS) and 55% marks (SC/ST/PwBD)
Age Limit (As on 01.12.2024)
Minimum Age
Maximum Age
21 Years
30 Years
Age Relaxation
Category
Age Relaxation
SC/ST
5 Years
OBC (Non-Creamy Layer)
3 Years
PwBD
10 Years
Ex-Servicemen
5 Years
Defense Personnel Disabled
3 Years
Selection Process
Selection will be based on Online Examination (CBT) + Interview.
Exam Pattern
For Generalists
Section
Type
Marks
No. of Questions
Duration
Reasoning
Objective
40
40
120 min
English
Objective
25
25
General Awareness
Objective
35
35
Quantitative Aptitude & Computer Literacy
Objective
40
40
English Essay & Precis
Descriptive
10
2
30 min
For IT & Actuarial
Section
Type
Marks
No. of Questions
Duration
Reasoning
Objective
30
30
120 min
English
Objective
10
10
General Awareness
Objective
10
10
Quantitative Aptitude
Objective
30
30
Professional Knowledge
Objective
60
40
English Essay & Precis
Descriptive
10
2
30 min
Note:
Negative Marking: 1/4th marks deducted for each wrong answer.
Minimum Qualifying Marks: 60% (UR/OBC/EWS), 55% (SC/ST/PwBD).
Interview
Marks: 50
Minimum Qualifying Marks: 25 (50%)
Candidates will be shortlisted for interviews in a 1:3 ratio (vacancy: candidates).
