OICL 2020: Application Process, Admit Card, Eligibility, Cut-off, Syllabus, Exam pattern

Updated On -

Aug 24, 2020

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Abanti Pramanik

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The Oriental Insurance Company Ltd. is an Indian general insurance company headquartered in New Delhi. OICL is a public sector undertaking (PSU) providing financial services in India since 12th September 1947. Currently, the OICL has merged with National Insurance Company Limited (NICL) and United India Insurance Company. It is serving the nation with its monetary facilities in over 1800 active branches across the country.

The ownership of the OICL is with the Government of India since 2003, which makes OICL Exam one of the most competitive. Every year thousands of candidates from all over the country prepare for the OICL Exam making OICL one of the most sought companies in India. To apply for the OICL Exam 2020, you have to go to the official website of the Oriental Insurance Company Limited at Careers 2020: https://orientalinsurance.org.in

OICL Important Dates

OICL 2020 Exam Important Dates

The candidates aspiring to sit for the exam must keep the following dates in their minds:

OICL Event OICL Important Dates
Start of the Application form 18th August 2020
Closing of the Application form 15th September 2020
OICL Prelims exam (tentative) 22 October 2020
OICL Prelims Result (tentative) November 2020
OICL Main exam (tentative) 18th November 2020
OICL Main result (tentative) January 2021
OICL Interview (tentative) January 2021
OICL final result March 2021
Prepp Test Series

OICL Highlights

OICL Exam 2020 Exam Highlights

Name of organization The Oriental Insurance Company Limited (OICL)
Type of the company Public Sector General insurance company
Owned by The Government of India (GOI)
Exam name OICL Exam 2020
Exam conducting Mode Online Computer Based Test (CBT)
Location of the posting India
Name of the posts Accounts, Actuaries, Generalists, Legal Officers, Engineers (Automobile), Medical Officer
Number of Vacancies 300
Online Application Begins August 2020
Online Application Ends September 2020
Selection Mode Written tests (Prelims and Mains), Personal Interview (PI)
Official Website https://orientalinsurance.org.in
OICL Application Process

OICL 2020 Application Process

The fees for the application for the posts in OICL has to be submitted online only. The amount of the fees differs according to the category you belong to. The fees to be submitted is as follows:

  • Application Fee Rs 600 - For unreserved or general category + Other backward classes (OBC)
  • Application Fee Rs 100 - For Scheduled castes (SC), Scheduled Tribes (ST), Persons with Disability (PwD)
OICL Eligibility

OICL Exam 2020 Eligibility Criteria

The educational qualifications necessary for the OICL exam differs for every post. The higher the post, the higher is the required minimum qualification.

Post OICL 2020 Minimum Educational Qualification
Generalist Bachelor’s degree or equivalent from a recognized university. (with 60% for unreserved category, and 55% for SC/ST)
Automobile Engineers Graduation or Post-graduation in Automobile Engineering (with 60% for unreserved category, and 55% for SC/ST)
Medical Officer Bachelor of Medicine and Bachelor of Surgery (MBBS)
Legal Officer Bachelors of Legislative Law (LLB degree)
Actuary Professional Graduation with 60% marks, plus cleared 4 Actuarial tests from IAI/IFOA
Accounts Masters in Commerce, or MBA in Finance, or ICWAI Exam, Cost and Management Accountant

OICL 2020 Age criteria

The age limit assigned for the application for OICL 2020 is given below. The applicant must have been born not earlier than 1st August 1990 and not later than 31st July 1999 (including both the dates. In case this age of the candidate doesn’t fit in this limit, he is not eligible for the application for OICL 2020.

  • Minimum Age- 21 years, as on 31st July 2020
  • Maximum Age- 30 years, as on 31st July 2020
OICL Exam Pattern

OICL 2020 Exam Pattern, Syllabus

The applicants of the OICL will have to go through three stages of the examination. The competition is tough because the exam is conducted at the national level. As the candidates are from all over the country, the students need to prepare very well for all the three exams. The three-tier exam structure helps the OICL examination body to assess the candidates from every way possible. Given below are the three stages for the OICL 2020 Exam:

  1. Prelims or Preliminary OICL 2020 Exam – MCQ Paper
  2. Mains OICL 2020 Exam - MCQ + Subjective
  3. Interview OICL 2020 Exam

You need to get qualifying marks in Prelims Exam in order to sit for the Mains Exam. Likewise, to appear for the final exam, the candidate has to go through all the above-mentioned exams.

OICL 2020 Exam Pattern Prelims

The OICL Prelims 2020 will be a total objective paper with only Multiple-Choice Questions (MCQ’s) asked in the exam. This test is primarily to filter the candidates for the Mains exam. The basic knowledge and the aptitude level will be checked and the students will be passed to the next level. The marks scored in the OICL Prelims will not be taken into consideration for the final result as the Prelims is just for screening and qualifying purposes.

Distribution of the marks of the OICL Prelims exam is given below:

Name of the Section Marks Allotted
English language 30
Reasoning Ability 35
Quantitative Aptitude 35
Total Marks 100 marks
  • Exam duration: 1 hour
  • Exam type: Objective/ MCQs
  • Exam Mode: Online Computer Based Test (CBT)
  • Maximum Marks: 100
  • Sections of Prelims: English Language, Logical Reasoning, Quantitative Aptitude
  • Sectional Cut-off: Yes Applicable. The candidate has to qualify every section
  • Negative Marking: Yes, for every wrong answer 1/4th of the marks assigned will be deducted. If any question is left unanswered then no marks will be deducted for that.

There are some sections in both Prelims and Mains Exam which are the same. The syllabus of those particular sections is same and are as follows:

OICL 2020 English Language or Verbal Ability Syllabus

This section of the paper will test the candidate’s basic knowledge about English language, grammar, and Comprehension skills. This will include familiarity with elementary English grammar and other simple topics related to the language.

OICL 2020 English Language syllabus
Synonyms Antonyms
Vocabulary Fill in the blanks
Comprehension Passages Editing
Jumbled Paragraphs Omitting
Sentence corrections Error Spotting
One-word substitutions Spelling check
Idioms and Phrases Sentence Completion
Passage Completion Prepositions
Active and Passive Voice Sentence Arrangement

OICL 2020 Reasoning Ability or Logical Reasoning

This Critical reasoning exam is for testing the candidates’ ability to draw logical conclusions. This skill is important in everyday life also which makes it an inherent part of the Prelims exam. The subsections for the Logical Reasoning test are as follows:

OICL 2020 Logical Reasoning
Logical Problems Number Series
Analytical Reasoning Cause and Effect
Statement and Conclusion Verbal Classification
Puzzles Verbal Classification
Logical Deduction Data Interpretation
Blood Relations Clocks
Calendars Alphanumeric Series

OICL 2020 Quantitative Aptitude or Mathematical Ability

This part of the paper consists of mathematics topics from primary and secondary level of school. This elementary level of mathematics and aptitude will test the candidate’s ability of problem solving and basic quantity calculation sums.

OICL 2020 Quantitative Aptitude syllabus
Number sense and numeration Profit and Loss
Unitary Method Geometry
Mensuration Algebra
Trigonometry Data Management
Simple Equations Problems on HCF and LCM
Elementary Number Theory Ratio and Proportion
Time and Distances Compound Interest

OICL 2020 Exam Pattern for Mains

The candidates who qualify the Prelims round are then allowed to give the OICL Mains exam. The competition is very high here because the Prelims-filtered candidates count is more than 20 times of the actual vacancies available. The candidates who clear this Mains exam get an opportunity to compete for the OICL posts. There are two sections of the Mains exam- Objective and Descriptive. The objective and the descriptive part will be based on various topics as mentioned below.

OICL 2020 Descriptive Test

This section is also part of the OICL Mains Examination. This subjective part will require the candidate to write answers in essay form i.e. lengthy questions, this will help the authorities check the language application ability of the candidates. This unit is of 30 marks and is very important as it is a qualifying section. The descriptive portion of the exam will be checked only if the student obtains the qualifying marks in the Objective Section. In addition to this, it is mandatory for the student to get passing marks in this individual section else, they would not be able to clarify the overall Mains paper without this.

Tip- The aspiring students are advised to do reading and writing practice in English language so that they are able to write long answers in the exam. The candidates are also advised to do typing practice on the computer so that they don’t waste their precious time typing slowly on the exam day. Become computer-friendly before the big day and you are good to go!

  • Exam duration : 2 hours for objective + 30 minutes for subjective/ descriptive
  • Exam type : Objective + Descriptive
  • Exam Mode: Online Computer Based Test (CBT)
  • Maximum Marks: 200 marks
  • Sections of Mains: English Language, Reasoning Ability, Quantitative Aptitude, General Awareness, Professional Knowledge.
  • Sectional Cut-off: Yes Applicable. The candidate has to qualify every section
  • Negative Marking: Yes, for every wrong answer 1/4th of the marks assigned will be deducted. If any question is left unanswered then no marks will be deducted for that.

The pattern of the OICL Mains exam is different for Generalists and for Specialist:

Section Generalists (Marks Allotted) Specialists (Marks Allotted)
Reasoning Ability Test 50 40
English Language Test 50 40
General Awareness Test 50 40
Quantitative Aptitude Test 50 40
Professional Knowledge Test - 40
Total 200 Marks 200 Marks

The syllabus for the sections like English Language, Reasoning Ability and Quantitative Aptitude is the same as it was for the OICL Prelims exam, as mentioned above. The syllabus for the rest of the sections i.e. General Awareness and Professional Knowledge are given below:

OICL 2020 General Knowledge

A good knowledge of general awareness has become important for every exam point of view. This part of the paper will test the candidates’ knowledge of the current affairs and basic familiarity with the social, economic and political situation in India and the world around. Keep yourself updated about the current affairs through good English newspapers and regularly watch informative news channels. This will even improve your reading, writing and understanding skills for the English paper as well.

OICL 2020 General Knowledge syllabus
Countries and Capital Static GK
International Events Science and Technology
Literature- Famous Books and Authors Fiscal and Monetary Awareness
Constitution of India Inventions and Discoveries
Indian Politics, culture, Sports Tourism
Indian Geography Famous days in History

OICL 2020 Professional Knowledge Section

This section of the Mains exam will test knowledge and understanding of specific subjects of the study. This part is important as it can give you edge over the other candidates if you learn the basic of the following subjects that are important from recruitment point of view:

OICL 2020 Professional Knowledge syllabus
Database Management Actuaries
Marketing Management Human Resource/ Personnel Management
Legal Operating System
Account and Finance Information Technology

OICL 2020 Personal Interview

The candidates qualifying the Mains exam will be called upon for the Personal Interview round. Here the candidates will be approximately three times more than the actual positions required to be filled. The selected candidates have to reach the assigned Exam Centre at the reporting time. The interview will be given the weightage of 20% of the total final marks.

No doubt, theoretical knowledge is important, but also what can never be neglected is the personality skills and communication expertise. This helps you in getting an edge over the other candidates. So prepare yourself well for the personal interview round, and showcase your knowledge with confidence.

OICL 2020 Final Result

It is estimated that the final result and the list of the candidates selected will be declared in the month of March 2021. The final marks for OICL 2020 will be calculated on the basis of the performance in the Mains (Objective Section) and Personal Interview (PI). The ratio of the Mains (Objective) and Interview will be 80:20.

OICL Vacancies

OICL 2020 Vacancies

In 2020 Oriental Insurance Jobs have the vacancy of 300 candidates. So, the competition is going to be a tough one as there are a smaller number of positions as compared to the number of applicants. The candidates will be chosen on the basis of their performance in the OICL Exam 2020. The specific number of positions for the particular posts are given below:

Name of the Position OICL 2020 Number of Vacancies OICL 2020
Generalist 223
Automobile Engineers 15
Medical Officer 10
Legal Officer 30
Actuary Professional 02
Accounting 20
Total Number of vacancies 200

Oriental Insurance Work Profile

OICL Probation Period

Probation Periods is the trial period of the new recruited employees. So, the candidates who will be selected for the post of Administrative Officer in the OICL will be kept under the supervision of the probation period for one year. This time period can be extended by the higher authorities two times for six months, according to their jurisdiction. Only when the selected candidates clear the Licentiate Examination (assessment made by the Insurance Institute of India), that they are kept for permanent posts.

OICL Guarantee Bonds

Along with the Probation period, another important thing is signing the guarantee bonds for the period of four years including the probation period. No employee should resign before the completion of the Bond period. In case one does, the person would be liable to pay one year’s gross salary to the authorities, as per the terms and conditions. According to the Guarantee bond, the employee is paid monetary compensation for the job along with the partial cost of the training.

OICL Salary and Benefits

OICL Salary and benefits

Designation Average Monthly Salary in Rupees
Assistant Manager ₹ 52,500
Administrative Officer ₹ 54,000
Divisional Manager ₹ 1,11,000
Manager ₹ 40,000
Branch Manager ₹ 87,000

All in all, if your dream is to work by joining the Insurance sector then this is the place. OICL is one of the most sought public sectors by the candidates, because of its reputation in great financial services towards the country. With governmental security to the job, social status and economic stability this is a place worthy of your hard-work. Prepare well and good luck!

*The article might have information for the previous academic years, please refer the official website of the exam.

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