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
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|
|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)|
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:
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|
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.
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:
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.
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|
|Total Marks||100 marks|
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:
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|
|Vocabulary||Fill in the blanks|
|Sentence corrections||Error Spotting|
|One-word substitutions||Spelling check|
|Idioms and Phrases||Sentence Completion|
|Active and Passive Voice||Sentence Arrangement|
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|
|Logical Deduction||Data Interpretation|
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|
|Simple Equations||Problems on HCF and LCM|
|Elementary Number Theory||Ratio and Proportion|
|Time and Distances||Compound Interest|
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.
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!
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:
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|
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|
|Marketing Management||Human Resource/ Personnel Management|
|Account and Finance||Information Technology|
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.
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.
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|
|Total Number of vacancies||200|
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.
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.
|Designation||Average Monthly Salary in Rupees|
|Assistant Manager||₹ 52,500|
|Administrative Officer||₹ 54,000|
|Divisional Manager||₹ 1,11,000|
|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.