The Oriental Insurance Company Limited (OICL), a Government of India undertaking, has invited applications for Actuarial Apprentices on a contractual basis. The opportunity is intended for aspiring students pursuing Actuarial Studies to become Actuaries. A total of 15 Actuarial Apprentice vacancies are available. The apprenticeship will be for a period of 11 months, and selected apprentices will be posted at the company's Corporate Office in Delhi.
Eligible candidates must be graduates and should have passed a minimum of 4 Actuarial Papers, excluding CB3, of IAI/IFoA. The monthly stipend for the apprenticeship is Rs. 35,000.
- Official Notification PDF: Oriental Insurance Actuarial Apprentice Recruitment 2026
- Apply Online: Click Here
Oriental Insurance Actuarial Apprentice Recruitment 2026 - Overview
| Particular | Details |
|---|---|
| Organization | The Oriental Insurance Company Limited |
| Post Name | Actuarial Apprentice |
| Total Vacancies | 15 |
| Apprenticeship Duration | 11 Months |
| Nature of Engagement | Contractual |
| Qualification | Graduate + Minimum 4 Actuarial Papers of IAI/IFoA, excluding CB3 |
| Minimum Age | 21 Years as on 01 September 2026 |
| Maximum Age | 30 Years |
| Monthly Stipend | Rs. 35,000 |
| Selection Process | Personal Interview |
| Job Location | Corporate Office, Delhi |
| Online Application / Advance Copy | On or before 13 October 2026 |
| Hard Copy Last Date | 16 October 2026 |
| Official Website | orientalinsurance.org.in |
Oriental Insurance Actuarial Apprentice Vacancy 2026
The Oriental Insurance Company Limited has announced 15 vacancies for Actuarial Apprentices. Reservation will be applicable as per Government guidelines.
| Category | Vacancies |
|---|---|
| UR | 7 |
| SC | 2 |
| ST | 1 |
| OBC | 4 |
| EWS | 1 |
| PwBD | 1 (OC) - Horizontal |
| Total | 15 |
Who Can Apply for Oriental Insurance Actuarial Apprentice Recruitment?
Candidates must satisfy the eligibility conditions prescribed by Oriental Insurance as on 01 September 2026.
Educational Qualification
The candidate must be a Graduate.
In addition, the candidate must have passed a minimum of 4 Actuarial Papers, excluding CB3, of IAI/IFoA.
IAI refers to the Institute of Actuaries of India, while IFoA refers to the Institute and Faculty of Actuaries.
Desirable Qualification
Proficiency in R, Python or SQL is desirable.
Oriental Insurance Actuarial Apprentice Age Limit
The minimum age of an apprentice should be 21 years as on 01 September 2026. The maximum age limit is 30 years.
| Category | Age Limit / Relaxation |
|---|---|
| General | 21 to 30 Years |
| OBC | Up to 33 Years |
| SC/ST | Up to 35 Years |
| PwBD | Up to 40 Years |
Age relaxation will be applicable as per Government norms.
Monthly Stipend and Apprenticeship Duration
Selected Actuarial Apprentices will receive a monthly stipend of Rs. 35,000.
The apprenticeship will be on a contractual basis for a period of 11 months.
The notification also specifies a one-month notice period.
Selection Process
All eligible candidates will have to appear for a Personal Interview before the Interview Panel.
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.
Details regarding the Personal Interview will be communicated to candidates through the Company's website and/or email.
Job Location
The selected Actuarial Apprentices will be posted at the Corporate Office of The Oriental Insurance Company Limited in Delhi.
The Corporate Office address mentioned in the notification is:
The Oriental Insurance Company Limited
Corporate Office
Block-IV, Plate-I, NBCC Office Complex
Kidwai Nagar East
New Delhi - 110023
Important Terms of the Apprenticeship
Apprentice Status
An apprentice undergoing this apprenticeship will be treated as a trainee and not as a worker or employee of the Company. The apprenticeship itself does not guarantee employment in Oriental Insurance.
No Automatic Absorption
Completion of the apprenticeship will not make the apprentice eligible for absorption or further employment in the Company by virtue of the apprenticeship.
The apprenticeship also does not provide any right or entitlement to claim employment, compensation or other benefits from the Company beyond those expressly provided under the apprenticeship terms.
Completion of the apprenticeship will not provide any weightage, preference, precedence or preferential consideration in future recruitment processes of the Company.
Employee Benefits
Apprentices will not be entitled to the benefits, facilities, allowances or other emoluments available to regular employees of the Company, except where specifically provided under the apprenticeship terms.
The notification states that no deduction towards employee benefits or statutory contributions such as Provident Fund or Staff Mediclaim will be made from the stipend payable to apprentices.
Leave and Holidays
During the training period, an apprentice will be entitled to one day of leave per month. The leave will be credited at the beginning of the subsequent month and can be availed only with prior permission from the Competent Authority.
If the entitled leave is not used in a particular month, it may be carried forward to the next month.
No stipend deduction will be made for entitled leave. For other absence, stipend will be deducted on a pro-rata basis. There is no provision for overtime allowance.
Apprentices will also be entitled to holidays observed by the Company.
Apprenticeship Certificate
On successful completion of training, apprentices will be awarded an Apprenticeship Certificate, subject to satisfactory performance.
How to Apply for Oriental Insurance Actuarial Apprentice Recruitment 2026
Eligible candidates should first visit the Career section of the Oriental Insurance Company Limited website and carefully read the complete advertisement.
- Visit the official Oriental Insurance website.
- Go to the Career section.
- Read the Actuarial Apprentice recruitment advertisement and instructions carefully.
- Download the prescribed application form.
- Fill in all required details in the application form.
- Affix the photograph and sign the application as specified.
- Send an advance scanned copy of the completed application to the prescribed email address.
- Send the hard copy of the application to the Company's Corporate Office by the prescribed deadline.
Application Submission Address
The completed application should be sent to:
Dy General Manager (HR)
The Oriental Insurance Company Limited
Corporate Office
Block-IV, Plate-I, NBCC Office Complex
Kidwai Nagar East
New Delhi - 110023
Important Application Dates
| Event | Date |
|---|---|
| Qualification / Age Cut-off Date | 01 September 2026 |
| Advance Application / Online Submission | On or before 13 October 2026 |
| Advance Scanned Copy Email Deadline | 13 October 2026 |
| Hard Copy Application Deadline | 16 October 2026 |
Advance Copy Submission
An advance scanned copy of the application must be sent to:
The scanned copy must be sent by 13 October 2026. It must be followed by the hard copy, which should reach the Corporate Office on or before 16 October 2026.
The notification clearly states that failure to submit the hard copy within the prescribed time will result in the candidature not being considered.
