The Oriental Insurance Company Limited (OICL) has invited applications for 15 Actuarial Apprentices on a contractual basis. The Oriental Insurance Company Limited, a Government of India undertaking, has announced the Oriental Insurance Actuarial Apprentice Recruitment 2026 opportunity.
Candidates interested in building a career in the actuarial and insurance sector can check the detailed eligibility criteria, educational qualifications, experience requirements, and remuneration details through the company’s official website.
Oriental Insurance Actuarial Apprentice Recruitment 2026: Highlights
| Particular | Details |
|---|---|
| Organisation | The Oriental Insurance Company Limited |
| Organisation Type | Government of India Undertaking |
| Post | Actuarial Apprentice |
| Number of Posts | 15 |
| Job Basis | Contractual |
| Application Mode | As prescribed by OICL |
| Official Website | orientalinsurance.org.in |
| Detailed Advertisement | Available through the Career section of the OICL website |
About the Oriental Insurance Actuarial Apprentice Recruitment 2026
The Oriental Insurance Company Limited has announced the engagement of 15 Actuarial Apprentices on a contractual basis. The opportunity is aimed at eligible candidates interested in actuarial work and the insurance sector.
The newspaper advertisement directs interested candidates to visit the Career section of the official OICL website to view the complete recruitment advertisement.
The detailed notification is expected to provide information about the eligibility criteria, educational qualification, experience requirements, remuneration and application procedure.
Who Can Apply for OICL Actuarial Apprentice Posts?
OICL Actuarial Apprentice Eligibility 2026
The qualifications must be fulfilled as on September 1, 2026. Candidates must meet the following requirements:
Essential Qualification:
- The candidate must be a Graduate.
- The candidate must have passed a minimum of 4 Actuarial Papers, excluding CB3, conducted by IAI/IFoA.
Desirable Qualification:
Candidates having proficiency in any of the following are desirable:
- R
- Python
- SQL
Oriental Insurance Actuarial Apprentice Recruitment 2026: Age Limit
The minimum age of an apprentice should be 21 years as on September 1, 2026. The maximum age limit is 30 years. Age relaxation will be applicable as per Government norms. The recruitment details provide the following relaxations:
| Category | Maximum Age |
|---|---|
| General | 30 years |
| OBC | 33 years |
| SC/ST | 35 years |
| PwBD | 40 years |
Thus, candidates belonging to eligible reserved categories can avail themselves of the applicable age relaxation subject to the prescribed conditions.
OICL Actuarial Apprentice Stipend
Selected Actuarial Apprentices will receive a monthly stipend of ₹35,000.
| Particular | Details |
|---|---|
| Position | Actuarial Apprentice |
| Monthly Stipend | ₹ 35,000 |
| Nature of Engagement | Contractual/Apprenticeship |
| Notice Period | 1 month |
| Posting | Corporate Office, Delhi |
Oriental Insurance Actuarial Apprentice Recruitment 2026 Selection Process
The selection process will be based on a Personal Interview. All candidates who meet the eligibility conditions will have to appear before the Interview Panel. The selection will be based on the candidate’s performance in the Personal Interview. The qualifying marks for the Personal Interview will be decided by the Company.
The detailed modalities, including information regarding the Personal Interview, will be communicated to candidates through the OICL website and/or their registered email ID in due course.
OICL Actuarial Apprentice Selection: Key Points
Eligibility → Personal Interview → Final Selection
There is no written examination mentioned in the recruitment details provided. Eligible candidates will be called for the Personal Interview, and their performance in the interview will determine selection.
Place of Posting
Selected candidates will be posted at the Corporate Office, Delhi. The Oriental Insurance Company Limited’s Corporate Office is located in New Delhi.
Notice Period
The prescribed notice period for the Actuarial Apprentice is one month. Candidates should carefully read the applicable service conditions and contractual terms before accepting the apprenticeship.
Status of an Apprentice
An important condition of the recruitment is that an apprentice undergoing apprenticeship will be treated as a trainee.
The apprentice will:
- Not be considered a worker of the Company.
- Not be considered an employee of the Company.
- Not be covered as an employee under applicable labour-law provisions in relation to the apprenticeship.
- Not receive any guarantee of employment in the Company merely because of completing the apprenticeship.
The apprenticeship should therefore not be treated as a permanent employment opportunity with Oriental Insurance. The Oriental Insurance Actuarial Apprentice Recruitment 2026 conditions specifically state that the apprenticeship will not be considered a guarantee or qualification for employment with the Company.
Also read: RMS CET 2026 Application Form
How to Apply for Oriental Insurance Actuarial Apprentice Recruitment 2026
Eligible candidates can follow these general steps after the detailed application notice is made available:
Step 1: Visit the Official Website
Go to the official website of The Oriental Insurance Company Limited
Step 2: Open the Career Section
Look for the Career or recruitment section on the OICL website.
Step 3: Find the Actuarial Apprentice Advertisement
Search for the notification relating to 15 Actuarial Apprentices on a contractual basis.
Step 4: Read the Detailed Advertisement
Before applying, carefully check:
- Educational qualification
- Age limit
- Experience requirement
- Remuneration
- Contract period
- Application procedure
- Last date
- Required documents
- Selection process, if specified
Step 5: Submit the Application
Complete the application according to the instructions provided in the official advertisement. Candidates should ensure that all information entered in the application is accurate.
Step 6: Keep Proof of Application
After completing the application, candidates should retain a copy of the submitted application and any acknowledgement or supporting documents for future reference.
OICL Actuarial Apprentice Recruitment: Remuneration
The newspaper advertisement states that remuneration details are available in the full advertisement. The exact amount is not mentioned in the notice shown above. Candidates should therefore check the detailed notification on the official OICL website for the applicable remuneration and other contractual terms.
Contractual Appointment
The 15 Actuarial Apprentice positions are specifically advertised as being on a contractual basis. Candidates should read the detailed terms of engagement carefully to understand the duration and conditions of the apprenticeship/contract.
Important Instructions
OICL has stated in the advertisement that any addendum, corrigendum, or further updates relating to the recruitment will be published only on its website.
The company has also reserved the right to cancel the recruitment exercise at any stage of the process without assigning any reason. Candidates should therefore regularly check the official website rather than relying on third-party information for changes to the recruitment process.
Oriental Insurance Actuarial Apprentice Recruitment 2026: Important Points
- OICL is recruiting 15 Actuarial Apprentices.
- The engagement is on a contractual basis.
- The detailed eligibility criteria are to be checked on the official OICL website.
- Educational qualification and experience requirements are not specified in the newspaper advertisement.
- Remuneration details are available in the full advertisement.
- Candidates should apply according to the procedure mentioned in the detailed notification.
- Any corrigendum or update will be published on the OICL website.
- OICL has reserved the right to cancel the recruitment exercise at any stage.
In The End
The Oriental Insurance Actuarial Apprentice Recruitment 2026 offers 15 contractual positions with The Oriental Insurance Company Limited. Candidates interested in actuarial careers should check the detailed advertisement through the company’s Career section before applying.