Course Details

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Agriculture  Insurance  Company  of  India  Limited  (AIC) a  leading  Crop  Insurance  Company, invites applications from Indian Citizens for recruitment of 30 (Fifty) MANAGEMENT TRAINEES in Scale I Cadre in various discipline viz. Agriculture Sciences, Information  Technology,  Accounts & Legal.

Kindly note :

Date of Online Examination : January 2022 (Tentative)

Online Registration & payment of fees: 23rd November to 13th December 2021(both dates inclusive, from 08.00 hrs of 23rd November 2021 and 20.00 hrs on 13th December 2021)

Last date for Online Registration: 13th December 2021

TOTAL NO.OF VACANCIES: 30 (SC - 5, ST - 2, OBC - 08, Un-reserved – 14, EWS-2)

The vacancies are provisional and may vary according to the actual requirements of the Company at the material time.  

Eligibility Criteria (as on 01.11.2011)  

A)  Nationality :  

A candidate applying for recruitment in the Company must be either- (a) a citizen of India, or

(b) a subject of Nepal, or

(c) a subject of Bhutan, or

(d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or

(e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India.  

Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

B) Educational Qualification (as on 01.11.2021)

Candidate must possess the minimum qualification as listed in the table below from a recognized University or any equivalent qualification recognized as such by Central Government. Candidates should possess certificate in proof of passing the qualifying examination as on 01.11.2021 and have to ensure the following :

1. Educational qualification should be from a University/Institution/Board recognized by Govt. of India/approved by Govt. Regulatory Bodies and the result should have been declared on or before 01.11.2021.

2. The candidate must possess valid mark-sheet/Degree Certificate of the necessary qualification as on 01.11.2021.

3. Percentage marks shall be arrived at by dividing the total marks obtained by the candidate in all the subjects in all the semester(s)/ year(s) by aggregate maximum marks in all the subjects irrespective of Honours / optional / additional optional subject, if any. This will be applicable for those Universities also where class / grade is decided on basis of Honours marks only. The fraction of percentage so arrived will be ignored i.e.59.99% will be treated as less than 60% and the fraction of percentage so arrived i.e. 54.99% will treated as less than 55%.

4. Where CGPA/OGPA are awarded, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating the norms of the University regarding conversion of grade into percentage and the percentage of marks scored by the candidate in terms of norms.

Minimum Educational Qualifications As on 01.11.2021 :

Management Trainees: The candidate should apply only for any one of the following Groups:

Agriculture Sciences (Group A Code No. 01) : B. Sc. (Agriculture)/ B. Sc. (Horticulture)/ B.E./B. Tech in Agriculture Engineering with 60% marks, (for SC/ST 55% marks). Or   

M.Sc. (Agriculture) with 60% marks (For SC/ST 55% marks)

Information Technology (Group B Code No. 02) : BE/B. Tech (Computer Science/IT) with 60% marks, (for SC/ST 55% marks) Or  

MCA (Masters in Computer Applications) with 60% marks, (for SC/ST 55% marks)   

Legal (Group C Code No. 03) : Graduate in Law with 60% marks, (for SC/ST 55%) Or

Post Graduation in Law with 60% marks (for SC/ST 55%)

Accounts (Group D Code No. 04) : B.Com with 60% marks (for SC/ST 55% marks) Or

M.Com with 60% marks (for SC/ST 55% marks) Or  

Chartered accountants (ICAI) Or  

Company Secretary (ICSI) Or  

Cost and Management Accountant (The Institute of Cost Accountants

of India) Or  

MBA(Finance)*(2 years full time course) with 60% marks (for SC/ST candidates 55%)   

Note:  The candidate applying for any discipline must possess Computer efficiency.

C) Age – (As on 01.11.2021) : 

Minimum Age: 21 years &  

Maximum Age: 30 years   

i.e. a candidate must have been born not earlier than  1st November 1991 and not later than 31st October 2000 (both dates inclusive).

Service Conditions :

The service conditions will be applicable as per the prevalent rules of the company from time to time.  Selected candidates on appointment may be posted or transferred to any place in India as may be decided by the Company. Please note that the Field work in the districts being an essential part of the duty, one has to undertake extensive travel in the remote rural areas on a compulsory basis.

Training & Probation :

Management Trainees : The training period for Management Trainees will be for a period of 2 (two)  years. The trainee shall be eligible for the post of Administrative Officer (Scale I) on completion of the training period and subject to satisfactory work performance, Interview/Interaction and/or any other criteria to be decided by the Company. The candidate during the training period can be terminated immediately if the work performance is found to be unsatisfactory.  

The Management Trainee absorbed as Scale I Officer after completion of training period will be treated on par with a Direct Recruit Officer in Scale I and will be on probation for a period of one year from the date of absorption. The probation period  may be  extended by a further period  of six months.   

Guarantee Bond :

Management Trainee : The Management Trainees who are selected for absorption in Scale I, before joining as probationer will be required to give an undertaking -cum-Guarantee Bond to serve the Company for a minimum period of four (4) years including the probation period. In the event of their resigning from the Company or making it obligatory on the part of the Company to terminate the employee before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to Consolidated pay received during the training period of two years, which will be proportionately reduced depending on the length of service rendered. To this effect, he/she will have to submit a stamped Bond duly executed by two sureties (not blood relatives), of sound financial standing in the format prescribed by the Company.

Emoluments & benefits: 

Management trainees : The selected candidates would be paid a consolidated pay of Rs.40,000/- p.m. for the 1st year and Rs. 42,500/- p.m. for the 2nd year. 

Application Fees /Intimation Charges(Non-refundable)

Payable on-line from 23rd November 2021 TO 13th December 2021 (both dates inclusive)

*The transaction charge, if applicable, is to be borne by the candidate. Fee/ Intimation charges once paid will NOT be refunded on any account nor can it be held reserve for any other examination or selection. 

HOW TO APPLY :

Candidates can apply online only from  23rd November 2021 to 13th December 2021 and no other mode of application will be accepted.

Candidates to go to the Company‟s website www.aicofindia.com and click on the option "APPLY ONLINE" which will open a new screen. 

For more details visit

https://www.aicofindia.com/AICEng/General_Documents/Advertisements/Advertisement_Eng.pdf   

https://www.aicofindia.com/AICEng/Pages/Career_Recruitment.aspx

Kindly Note : The information provided here is just indicative information and is provided on "as is" and "as available" basis . We make no claims on accuracy and reliability of the information. For correct/current information kindly contact concerned college/institution/authorities.