The Oriental Insurance Company Limited (OICL), a Government of India Undertaking, is inviting applications from eligible graduates to join as Actuarial Apprentices on a contractual basis. A total of 15 posts are available for an 11-month fixed-term engagement at the Corporate Office in New Delhi. This is an excellent opportunity for aspiring actuaries to gain structured professional experience and develop expertise in the insurance sector.
Overview
OICL is one of India's leading insurance companies and is actively recruiting Actuarial Apprentices to strengthen its actuarial team and nurture talent for the insurance industry. The apprenticeship programme provides 11 months of intensive, hands-on training and practical experience in actuarial work at a premier Government of India Undertaking. This role is particularly suited for recent graduates who have successfully completed their actuarial examinations and are seeking meaningful career entry into the insurance and financial services sector.
Actuaries at OICL work on risk assessment, pricing, reserving, and other critical functions that drive the company's business operations. As an apprentice, you will gain exposure to real-world actuarial projects, learn industry best practices, and develop professional competencies under the guidance of experienced practitioners. The programme also serves as a pathway for potential permanent employment opportunities based on performance and organizational needs.
Important Dates
| Event | Date |
|---|---|
| Last Date to Send Advance Scanned Application | 13 October 2026 |
| Last Date for Receipt of Hard Copy Application | 16 October 2026 |
Vacancy Details
| Category | Number of Posts |
|---|---|
| Unreserved (UR) | 7 |
| Other Backward Classes (OBC) | 4 |
| Scheduled Caste (SC) | 2 |
| Economically Weaker Sections (EWS) | 1 |
| Scheduled Tribe (ST) | 1 |
| Persons with Benchmark Disability (PwBD) | 1 |
| Total | 15 |
Eligibility
Educational Qualification: Candidates must hold a bachelor's degree from a recognized university and must have cleared a minimum of 4 actuarial papers (excluding CB3) from either the Institute of Actuaries of India (IAI) or the Institute and Faculty of Actuaries (IFoA). Proof of paper clearance from the respective actuarial body is mandatory.
Age Limit: The general age limit is 21 to 30 years as on the application date. Age relaxation is provided to reserved category candidates as per Government of India norms:
- General candidates: 21–30 years
- OBC candidates: Up to 33 years
- SC/ST candidates: Up to 35 years
- PwBD candidates: Up to 40 years
Candidates must ensure they meet all eligibility criteria before submitting their application. Any discrepancy in qualifications or age could result in rejection at any stage of the selection process.
How to Apply
- Visit the OICL recruitment page or notification portal to download the official application form and read the complete recruitment guidelines carefully.
- Gather all required supporting documents: Bachelor's degree certificate, actuarial examination scorecards/pass statements, identity proof (Aadhar/PAN/Passport), passport-sized colour photographs (4×6 cm), date of birth proof, category certificate (if applicable), and disability certificate (if claiming PwBD reservation).
- Carefully fill out the application form with all requested information. Ensure accuracy in personal details, educational qualifications, and contact information. Any false or misleading information can lead to disqualification.
- Scan all required documents and your completed application form at 300 dpi resolution in PDF format.
- Submit the scanned application form and all supporting documents via email to the specified OICL email address. The scanned submission must be received on or before 13 October 2026. Note the time specified in the notification to avoid missing the deadline.
- Subsequently, send the original hard copy of your application form along with all supporting documents by registered courier or in person to the designated OICL Corporate Office address. The hard copy must be received by 16 October 2026.
- Keep a copy of your application form, email confirmation, and courier tracking details for future reference and follow-up.
- Await notification from OICL regarding shortlisting. Shortlisted candidates will be called for a Personal Interview. Be prepared with your resume, certificates, and detailed knowledge of your actuarial coursework.
Salary and Stipend
Selected Actuarial Apprentices will receive a monthly stipend of ₹35,000 during the entire 11-month engagement period. This compensation is provided to support living expenses and sustain the apprentice during their training phase. No additional allowances are mentioned in the notification; candidates are advised to see the official recruitment document for complete compensation details.
Selection Process
The selection process consists of a Personal Interview round. Shortlisted candidates will be notified with the interview date, time, and venue. During the interview, candidates should be prepared to discuss their actuarial knowledge, relevant academic projects, understanding of the insurance industry, and career aspirations. The interview panel will assess your technical competence, communication skills, and cultural fit with OICL.