OICL AO – Career Prospects & Job Profile

Dear Sehpaathians,

As all of you know that Oriental Insurance company has released a notification regarding recruitment of Administrative Officer i.e. Scale I Job.So, we are here with the following article, regarding job profile, salary, perks, posting, and career prospects of the exam, to help you make the right career choice

Salary & perks of OICL Administrative Officers

Basic pay: 32,795/-

Total emoluments: 51,000/- p. m. (approx.) in metropolitan centers

Perks: Pension benefits under New Pension system by PFRDA, Medical benefits, LTS, Gratuity, Group personal accident insurance, leased accommodation, etc.

Job Profile & Responsibilities of OICL Administrative Officers

Following are some of the responsibilities of OICL Administrative Officers:

Oversee insurance policies

Verifying clauses

Handle policy making

Setting the insurance claims

Responsible for running other departments (accounts, IT, HR, etc.)

Filling returns (official)

Marketing and bringing new business

Meeting with prospective clients

Promoting policies

Posting, Transfers, Career prospects of Administrative Officers

After selection, candidates have to go through a probation of 1 year which can be extended. Before joining as a probationer, Administrative Officers are made to sign a bond to serve the company for minimum of 4 years. If a candidate resigns before the expiry date of the bond period, he/she will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during probation.

Candidates selected can be posted or transferred anywhere in India by the company. Having said that, most of the vacancies are in Gujarat, Tamil Nadu, Kerala, Hubli (Karnataka), Mumbai (Maharashtra) and its suburbs.

The candidates have to stay for a minimum of 5 years at the initial place of posting.

Promotions of OICL Administrative Officers happens every 3 to 5 years. They have a chance of getting promoted to Deputy Manager and Zonal Manager positions.

Hope the above gives you clarity on OICL Administrative Officer work profile and helps you to make the right career choice!