OICL Actuarial Apprentice Recruitment 2026 for 15 Contractual Posts

Government of India UndertakingDelhi15 Vacancies

The Oriental Insurance Company Limited (OICL), a Government of India Undertaking, invites applications for 15 Actuarial Apprentice positions on a contractual basis. Candidates pursuing actuarial studies can apply by 13 October 2026. Training will be conducted at OICL's Corporate Office in New Delhi.

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OICL Actuarial Apprentice Recruitment 2026 for 15 Contractual Posts – Overview

Exam NameActuarial Apprentice
Pay Scale / SalaryRs. 35,000/- per month
Selection ProcedurePersonal Interview
Application ModeOnline
Official Websitehttps://orientalinsurance.org.in/

About This Recruitment

The Oriental Insurance Company Limited (OICL) is looking to engage 15 Actuarial Apprentices on contract for 11 months at its Corporate Office in New Delhi. This opportunity is designed for candidates who have cleared a minimum of four actuarial papers (excluding CB3) from recognized actuarial bodies such as the Institute of Actuaries of India (IAI) or the Institute and Faculty of Actuaries (IFoA). Selected apprentices will receive a monthly stipend of Rs. 35,000 and will be selected through a personal interview. The application process requires submission of a physical form, with the last date to apply being 13 October 2026.

Exam NameActuarial Apprentice
Pay Scale / SalaryRs. 35,000/- per month
Selection ProcedurePersonal Interview

Eligibility Explained

Candidates should have completed graduation and passed at least four actuarial papers, except CB3, from the Institute of Actuaries of India or the Institute and Faculty of Actuaries. The age of applicants must be between 21 and 30 years. Age relaxation is available as per government norms—up to 33 years for OBC candidates, 35 years for SC/ST, and 40 years for persons with benchmark disabilities. This ensures a broad pool of eligible candidates from diverse categories can apply.

CategoryMaximum Age Relaxation
General Candidates30 Years
OBC CandidatesUp to 33 Years
SC/ST CandidatesUp to 35 Years
PwBD CandidatesUp to 40 Years

Application Process

Interested candidates need to download the application form from the official notification links and fill it carefully. The filled form, along with supporting documents, must be sent offline to the designated address before the deadline. The last date to submit the scanned application is 13 October 2026, while the hard copy should reach by 16 October 2026. Keep copies of your application and documents for your records. The selection will be based on a personal interview held by OICL.

EventDate
Last Date to Send Advance Scanned Application13 October 2026
Last Date for Receipt of Hard Copy Application16 October 2026

Important Dates

Last Date to Apply13 October 2026

Important Links

Download NotificationClick Here ↗
Download NotificationClick Here ↗

Frequently Asked Questions

Q: Who is eligible for the OICL Actuarial Apprentice posts?
You need to be a graduate with at least four actuarial papers cleared (excluding CB3) from the Institute of Actuaries of India or the Institute and Faculty of Actuaries. Age should be between 21 and 30 years, with relaxation available for reserved categories as per government rules.
Q: What is the last date to apply for the OICL Actuarial Apprentice recruitment 2026?
The last date to submit your scanned application form is 13 October 2026. The hard copy of the application must reach the office by 16 October 2026.
Q: How many Actuarial Apprentice vacancies are available at OICL?
There are 15 contractual Actuarial Apprentice positions available at the Corporate Office in New Delhi.
Q: What is the selection process for the Actuarial Apprentice role at OICL?
Candidates will be shortlisted based on their applications and then selected through a personal interview conducted by OICL.
Q: Is there an application fee for applying to the OICL Actuarial Apprentice posts?
No application fee is required for applying to these Actuarial Apprentice positions.
Q: Where will the Actuarial Apprenticeship training take place?
The apprenticeship training will be conducted at OICL's Corporate Office located in New Delhi.
Q: What is the monthly stipend for the OICL Actuarial Apprentices?
Selected apprentices will receive a stipend of Rs. 35,000 per month during the 11-month contract period.
Q: How do I apply for the OICL Actuarial Apprentice position?
You need to download the application form from the official links, fill it out, and send the signed copy along with required documents offline before the deadline. Keep a copy of your application for future reference.