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Recruitment of Administrative Officer in Agriculture Insurance Company of India Limited

Administrative Officer,  Jobs & Vacancy in Officer at  Agriculture Insurance Company of India Limited , Kasturba Gandhi Marg Apr 2012
Job or Vacancy Description:
Applications are invited from Indian Citizens for the post of Administrative Officer (Scale I) :

Administrative Officer :  46 posts (UR-23, OBC-13, SC-7, ST-3) in specialized discipline of Agriculture, Information Technology, Marketing, Finance, Legal, Human Resource, Statistics, Actuary, Insurance & Risk Management & Generalist, Age : 21-30 years, relaxation in age as per rules, Pay Scale : Rs.17240-32640

Application fee : Rs.400/- (Rs.100/- for SC/ST and no fee for PH) to be paid in any branch of Axis bank thru a payment challan.

How to Apply :  Apply Online at Agriculture Insurance Company of India Limited (AIC)

General Instructions:
1. The candidates would be required to submit the attested copies of certificates as per the details given below in proof of their age/date of birth, educational qualifications,

2. District Magistrate/Additional District Magistrate/Collector/Deputy Commissioner/Deputy Collector/Sub-Divisional Magistrate/Taluka Magistrate/Executive Magistrate/Extra Assistant Commissioner (Not below the rank of First Class Stipendiary Magistrate)

3. For claiming reservation under OBC category, candidate should belong to such Caste or Community, which is common to both the lists in respect of Mandal Commission and the Stage Govt. lists from the State of his/her origin (as per the list published by the Central Govt.).

4. Company reserves the right to restrict the number of candidates to be called for interview based on their performance in the written examination and commensurate with the number of vacancies. The decision of the Company will be final and binding in all matters.

5.  Company reserves the right not to call any candidates to appear at the written examination and interview. Depending upon the response of applicants,

6.  In case it is found at any stage of recruitment the candidate does not fulfill the eligibility criteria and/or he/she has furnished any incorrect/false/incomplete information

Tentative Last Date :23-05-2012

About the organization:
Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon’ble Union Finance Minister in his General Budget Speech FY 2002-03 that, “to subserve the needs of farmers better and to move towards a sustainable actuarial regime, it was proposed to set up a new Corporation for Agriculture Insurance”. AIC has taken over the implementation of National Agricultural Insurance Scheme (NAIS) which, until FY 2002-03 was implemented by General Insurance Corporation of India. In addition, AIC also transacts other insurance businesses directly or indirectly concerning agriculture and its allied activities.Shri Kharat had two stints of foreign postings in Fiji and Japan. He had been recognized with Awards for his excellent performance during his tenure at Fiji as Chief Manager from 1995 to 2001. He held positions as Director of Fiji Reinsurance Corporation and Chairman of Insurance Council of Fiji, made significant contributions in revising Fiji’s Insurance Act, 1998 and served as Executive Member on National Road Safety Council of Fiji, the body responsible for Road Safety in Fiji. Shri Kharat was posted as CEO for Japan Operations of New India Assurance Co. Ltd. from 2004 to 2007. He was Executive Committee Member of Foreign Non-Life Insurance Association of Japan and Member of  the Finance Committee for Celebration of Indo-Japan Friendship Year 2007. The first aspect regarding the modalities of crop insurance considered was whether the same should be on an Individual approach or on Homogenous area approach. The former seeks to indemnify the farmer to the full extent of the losses and the premium to be paid by him is determined with reference to his own past yield and loss experience. The ‘individual approach’ basis necessitates reliable and accurate data of crop yields of individual farmers for a sufficiently long period, for fixation of premium on actuarially sound basis. The ‘homogenous area’ approach envisages that in the absence of reliable data of individual farmers and in view of the moral hazards involved in the ‘individual approach’, a homogenous area comprising villages that are homogenous from the point of view of crop production and whose annual variability of crop production would be similar, would form the basic unit, instead of an individual farmer.

Agriculture Insurance Company of India Limited (AIC)
Ambadeep, 13th Floor, 14, Kasturba Gandhi Marg, New Delhi – 110001

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