Agriculture Insurance Company of India Limited (AIC) is hiring 55 Management Trainees (MT) for various disciplines. This nationwide opportunity offers a structured career path in the insurance sector, with an attractive salary and training period. Candidates will undergo a one-year training program, followed by absorption as Scale I Officers based on performance.
Job Title:
Management Trainee (MT)
Job Positions Available:
AIC is inviting applications for the following disciplines:
Discipline-wise Vacancies:
- Generalist – 30 positions
- IT (Information Technology) – 20 positions
- Actuarial – 5 positions
Category-wise Total Vacancies:
Category | OBC | SC | ST | EWS | UR | Total |
---|---|---|---|---|---|---|
Fresh + Backlog | 19 | 9 | 5 | 6 | 16 | 55 |
Reserved Positions for PwBD (Persons with Benchmark Disabilities):
A total of 8 vacancies are reserved under different disability categories.
Employer Overview:
Agriculture Insurance Company of India Limited (AIC) is a Government of India enterprise established in 2002 and promoted by six public sector companies. It specializes in crop insurance and plays a critical role in safeguarding Indian farmers against agricultural risks. AIC is a leader in non-life insurance and is expanding its coverage to include risks associated with agriculture and allied activities.
Key Qualifications and Requirements:
Educational Requirements (as of 01.12.2024)
1. Generalists:
- Graduate/Postgraduate in any discipline from a recognized university.
- Minimum 60% marks (UR/OBC/EWS).
- Minimum 55% marks (SC/ST/PwBD).
2. Actuarial:
- Bachelor’s/Master’s degree in Statistics, Mathematics, Actuarial Sciences, Economics, or Operations Research with minimum 60% marks (UR/OBC/EWS) and 55% marks (SC/ST/PwBD).
- OR Bachelor’s/Master’s degree in any discipline with credit of at least 2 Actuarial papers from IAI/IFoA, UK.
- Must pass at least 3 Actuarial papers before completion of training.
3. IT (Information Technology):
- B.E/B.Tech/M.E/M.Tech in Computer Science, IT, or MCA with 60% marks (UR/OBC/EWS) and 55% (SC/ST/PwBD).
Additional Skills for IT Discipline:
Essential (Certification Required in One of the Following):
- Software Development: Java, Python, React, API Development, UI/UX.
- Network Administration: Linux, Nmap, Cybersecurity.
- System Administration: Cloud Computing, Server Management.
- Information Security: Ethical Hacking, Cyber Threats.
Age Limit (as of 01.12.2024):
- Minimum Age: 21 years
- Maximum Age: 30 years
Age Relaxation:
Category | Age Relaxation |
SC/ST | 5 years |
OBC (Non-Creamy Layer) | 3 years |
PwBD | 10 years |
Ex-Servicemen | 5 years |
Job Location:
Candidates will be posted anywhere in India, with fieldwork in rural areas being mandatory.
Salary Information:
- During Training: ₹60,000 per month (fixed).
- After Absorption (Scale I Officer): Basic pay ₹50,925/- with total pay around ₹90,000 per month (including allowances).
Application Fees:
Category | Application Fee |
SC/ST/PwBD | ₹200 |
General/OBC/EWS | ₹1000 |
Important Dates:
Event | Date |
Application Start Date | 30th January 2025 (08:00 AM) |
Application End Date | 20th February 2025 (08:00 PM) |
Online Written Exam (Tentative) | March/April 2025 |
Download Call Letter | 10 days before the exam |
Selection Process:
1. Online Examination (CBT) – 150 Marks
Generalist Stream:
Section | Questions | Marks | Duration |
Reasoning | 40 | 40 | 120 min |
English Language | 25 | 25 | |
General Awareness & Insurance | 35 | 35 | |
Quantitative Aptitude & Computer | 40 | 40 | |
Descriptive Test (Essay & Precis) | 2 | 10 | 30 min |
2. Interview – 50 Marks
Candidates must score a minimum of 25 marks out of 50 to qualify.
Application Process:
- Visit the official application page [Link given below].
- Click “Apply Online” and register.
- Fill out the application form and upload required documents.
- Pay the application fee online.
- Submit and take a printout for reference.
Frequently Asked Questions (FAQs):
- Who can apply? Indian citizens meeting the educational and age criteria.
- What is the selection process? Online exam + Interview.
- Is there a training period? Yes, 1-year training followed by probation.
- What is the salary? ₹60,000 per month during training, approx. ₹90,000 after absorption.
- What is the bond agreement? Candidates must serve at least 2 years after training.
- Where is the job location? Candidates can be posted anywhere in India.
- Is there negative marking? Yes, 0.25 marks deducted per wrong answer.
- What is the application fee? ₹1000 for General/OBC/EWS, ₹200 for SC/ST/PwBD.
- How can I get updates? Check the official website regularly.
- What is the last date to apply? 20th February 2025.