Agriculture Insurance Company of India Limited: Recruitment 2024
Agriculture Insurance Company of India Limited (AIC) has announced recruitment for 55 vacancies across multiple disciplines, including IT, Actuarial, and Generalist positions. This document provides an overview of the vacancies, eligibility criteria, terms, conditions, and other essential details for interested candidates.
Vacancies and Reservations
A total of 55 vacancies have been announced, including backlog vacancies. The discipline-wise distribution is:
- IT: 20 vacancies
- Actuarial: 5 vacancies
- Generalist: 30 vacancies
The category-wise total vacancies (fresh + backlog) are:
- OBC: 19
- SC: 9
- ST: 5
- EWS: 6
- UR: 16
Additionally, 8 vacancies are reserved for Persons with Benchmark Disabilities (PwBD), distributed as:
- Visual Impairment (VI): 1
- Hearing Impairment (HH): 4
- Orthopedically Challenged (OC): 1
- Intellectual/Multiple Disability (Id/MD): 2
Note: The number of vacancies is tentative and subject to change as per company requirements.
Training & Probation
Candidates selected as Management Trainees (MTs) will undergo training for one year, after which they will be eligible for absorption as Administrative Officers (Scale I) based on performance. If performance is unsatisfactory, the company reserves the right to terminate employment.
Post-training, candidates will be on probation for one year, extendable by six months. The company may terminate services if the candidate is found unsuitable.
Service Conditions
Selected candidates may be posted anywhere in India as per company requirements. Fieldwork in rural areas is an essential part of the job. If a candidate resigns or is terminated during training/probation, they must compensate the company for the average training cost incurred.
Bond & Liquidated Damages
Candidates must serve AIC for a minimum of two years after absorption in Scale I, failing which they must pay liquidated damages:
- Resignation within one year of absorption: ₹4,00,000
- Resignation between one to two years: ₹2,00,000
A bond must be executed by the candidate and two financially sound sureties (not blood relatives) in the prescribed format.
Emoluments & Benefits
- Management Trainee Period: ₹60,000 per month (consolidated pay).
- After Absorption in Scale I: Basic pay of ₹50,925 in the scale of ₹50,925-2,500(14)-85,925-2,710(4)-96,765.
- Gross Emoluments: ~₹90,000 per month (varies with posting location).
Educational Qualifications (As on 01.12.2024)
Generalists:
- Graduation/Post-Graduation in any discipline from a recognized university with:
- UR/OBC/EWS: Minimum 60% marks
- SC/ST/PwBD: Minimum 55% marks
Specialists:
| Discipline | Qualification |
|---|---|
| Actuarial | Bachelor’s/Master’s in Statistics/Mathematics/Actuarial Sciences/Economics/Operations Research with 60% marks (UR/OBC/EWS) and 55% marks (SC/ST/PwBD) OR Bachelor’s/Master’s in any discipline with 60% marks (UR/OBC/EWS) and 55% marks (SC/ST/PwBD) + credit of 2 actuarial papers from IAI/IFoA |
| Information Technology (IT) | B.E/B.Tech/M.E/M.Tech in Computer Science/IT/MCA with 60% marks (UR/OBC/EWS) and 55% marks (SC/ST/PwBD) |
Candidates applying for IT roles must have:
- Essential Skills (Certified in at least one):
- Software Development (Angular, J2EE, MySQL, Java, Python, API Development, UI/UX, etc.)
- Network Administration (Deep packet tracing, Nmap, Linux)
- System Administration (Cloud – AWS, OCI, Azure, SQL Queries, Linux)
- Information Security (Ethical Hacking, IT Security threats, Spoofing, etc.)
- Desirable Skills: Prior work experience in the respective essential skills.
Note: Candidates must be proficient in computer usage and regional/local languages.
Age Limit (As on 01.12.2024)
- Minimum Age: 21 years
- Maximum Age: 30 years (Born between 02.12.1994 and 01.12.2003)
Age Relaxation:
| Category | Relaxation |
|---|---|
| SC/ST | 5 years |
| OBC (Non-creamy layer) | 3 years |
| PwBD | 10 years |
| Ex-Servicemen/ECOs/SSCOs | 5 years |
| Disabled Defence Service Personnel | 3 years |
Additional Notes:
- Candidates must apply under ONE discipline only.
- Multiple applications will lead to disqualification, and only the latest valid application will be considered.
- Candidates belonging to OBC but falling in the Creamy Layer must apply under General category.
- EWS category applicants must meet government guidelines and provide a valid Income & Asset Certificate.
- CGPA/OGPA conversion to percentage should be certified by the university.
Conclusion
Agriculture Insurance Company of India Limited offers an excellent career opportunity with attractive salaries, benefits, and job security. Interested candidates should ensure they meet the eligibility criteria, prepare necessary documents, and apply within the stipulated time. The role involves significant responsibility and fieldwork, making it ideal for dedicated professionals willing to contribute to the agricultural insurance sector.
