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Showing posts with label Oriental Insurance AO Recruitment Special. Show all posts
Showing posts with label Oriental Insurance AO Recruitment Special. Show all posts
April 17, 2018
OICL AO Final (Interview) Results out
January 24, 2018
OICL AO Interview Call Letters out
December 26, 2017
OICL AO Phase II Exam Result out
November 18, 2017
General Awareness Questions asked in Today's (18th November 2017) OICL AO Phase 2 Exam
GA Questions Asked in Oriental Insurance Company Ltd Administrative Officers (Scale I) Phase II Exam
- 2017 AIBA world boxing championships held at - Hamburg, Germany
- 2017 BRICS summit was held at - Xiamen, China
- Cassini is one of the most ambitious efforts in planetary space exploration by which organization - NASA
- North East Calling event is being organised by the Ministry of Development of North Eastern Region in which Indian city - New Delhi
- Quito is capital city of - Ecuador
- Sardar Patel Stadium located at - Ahmedabad, Gujarat
- Sports person HS Prannoy is related to which of the following sports - Badminton
- Tata Teleservices to merge consumer business with- Bharti Airtel
- The book “I am HIV positive, so what ?” was written by - Jayanta Kalita
November 02, 2017
OICL AO 2017 Phase I Online Exam Results out
September 25, 2017
OICL AO 2017 Phase I Online Exam Call Letters out
Download your OICL Administrative Officers (Scale I) Phase I Exam Call Letters 2017 from here
Thanks to Biswaraj Bandhu Bhattacharyaa for the update
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August 10, 2017
OICL AO Recruitment 2017 Official Notification out
Name of the Organization : Oriental Insurance Company Ltd (OICL)
Name of the Posts : Administrative Officers (Scale I)
Vacancy Details :- SC - 44 Posts
- ST - 21 Posts
- OBC - 77 Posts
- General - 158 Posts
- Total - 300 Posts
Discipline wise vacancy Details
- Accounts : 20 Posts
- Actuaries : 2 Posts
- Engineers (Automobile) : 15 Posts
- Legal : 30 Posts
- Medical Officers : 10 Posts
- Generalists : 223 Posts
- Total : 300 Posts
July 15, 2016
OICL AO Contingency List and Joining Dates out
September 18, 2015
OICL AO Final (Interview) Results out
August 18, 2015
Insurance One-Liners for Insurance Exams and Interviews
- Insurance is a contract between------------Insurer & insured
- In insurance policies the premium charged has to be paid----------- In advance
- Insurance Works on the principal of ------------sharing Risk.
- Insurance works on the principal of sharing of----------Losses
- Insurance is taken for----------Investment and protection
- To send renewal notice to the policyholders is the duty of----------Insurer
- The detail in the proposal form regarding the customer's age and other features is beneficial to whom---------Insurer
- Earthquake fall under act of god peril----------Catastrophic Risk
- which is not covered under standard fire and special perils policy----------Earthquake
- If a merchandise kept his all jewelery in one place in the evening than he can---------Retention of risk
- If any person plan for his risk according to "self risk" mechanism then it is---------Risk reduction
- If risk is not transferred by an individual and he decided to keep the same what does it shows---------Risk retention
- A Sale is act of giving product in return of ------------ Premium.
- In insurance policies the premium charged has to be paid----------- In advance
- Premium charged in general insurance company is normally calculated for----------12 Months
- Premium calculated for short duration-------Short period scales
- what is Pure premium----------Premium sufficiently big enough to pay for losses only
- The replacement claim is made to the complainants in reinstatement policy it is ---------Insurer’s liability
- Which principal stops you from making profit out of losses--------Indemnity
- which type of risk are insurable as in it only the chances of loss and insurance are to compensate for losses-------Pure risk
- If any Unknown person forcefully enters your premises for the purpose of stealing, this type of risk is covered nunder--------- Burglary Insurance
- When theft is done by employees /relatives then it is not covered under---------Burglary insurance
- what do you mean by ethical behavior---------a behavior with persons moral value
- In the case of disputes arising in claim settlement who settles the claim-------Arbitration
- Provision for Arbitration does not apply in---------Marine
- Arbitrator is appointed by-------------Mutually by both parties.
- If there are more than one arbitrator than decision will be ----------Umpire appointed by both arbitrator
- In the marketing the win win situation arises when ---------Negotiation
- Insurance surveyor also undertakes the work of----------Investigation
- What is the right for an insurer to pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid to the insured form the third party -------------Subrogation
- Who is responsible to inform about the renewal of policy and intimate the expire date of policy------Insurer
- The sharing of a claim b/w two insurers is called--------------Contribution
- Duty of Disclosure is in the insurance contract called-------Obligation
- If an agent has full knowledge regarding the product , clients renewal etc what does it shows--------Responsiveness
- First Insurance Company is ----------------Oriental Life Insurance Co. Ltd.
- First Insurance Company In India which city---------Calcutta
- Which association is formed under Actuaries 2006--------Institutes of Actuaries
- Which of the act deals with the risk of the companies dealing with hazardous substances--------Public liability act 1991
- In which year Public Liability insurance act was passed----------1991
- In which year ECGC (Export credit Guarantee Corporation) is formed------1957
- Nomination fall under-----------section 39 of insurance act 1938
- Assignment fall under----------section 38 of insurance act 1938
- Consumers protection act passed in-----------24-Dec-86
- When IRDAI is formed -----------2000
- IRDAI Head office is located at-------------Hyderabad
- In which section of IRDA 2000 its roles and duties are mentioned------------Section 14
- IRDAI Stands for----Insurance Regulatory Development Authority Of India
- Redressel of Public Grievance Rules 1998 passed on----------11 Nov 1998
- General insurance business (nationalization) act pass in the---------year 1972
- First non life insurance company comes in----------1956
- Ombudsman is appointed under----------Public grievance rules
- Health insurer and TPA works on behalf of who in the claims settlement of health insurance policies--------Non-life insurance
- In the insurance contract "Uberrima Fides" means----------Meeting of minds
- In the case of Temporary Partial Disablement in the personal accidents policies the weekly amount paid is------ Rs 1000/- perweek (max 3 week)
- To cover the Unlimited liability for death, injury in the motor insurance what type of insurance cover is available------Motor third party insurance
- In insurance the Revenue account, profit and loss account and balance sheet is signed by------------- Auditor
- If a property is mortgaged to bank than at the time of claim settlement claim will be paid to------- Bank
- In how many categories surveyor and loss assessors defined---------7 classes
- Which documents is necessary with the vehicle when driving on the road----------Vehicle insurance
- For disputes regarding claims where we go to when our amount is 100 lakh---------State forum
- After state forum decision how many given to the insure company for the final decision--------30 Days
- Insurance company issue another card other than identity card ----------Smart card for ashless Facility
- How much is the minimum requirement for the starting insurance business in India---------Rs 100 Crore
- Which type of Fire Policy cover stock at various location under one sum insured------------Floating policy
- A subrogation claim is recovered from the third party and Or which other party--------- Client's Insurers
- If any person loses Two eyes, Two legs etc in which policy--------personal accident policy
- Investigation is done for which type of claim------------Non standard claims
- When more than one members of the family are covered in a single plan which plan benefits them at the time of medical expenses-----------Health
- If the claim is filled due to loss by cyclone which report in addition is required with claim form----------Meterialogical report
- In personal accident, cover issued worldwide on which basis----------24 hrs
- Total disability and death covers accident insurance are available in-------- Accident Insurace
- Under micro insurance policy, the policy document provided on---------Vernacular language
- Total disability Refers to-------------Permanent total disability
- Who is work for both life and general Insurance Company-----------Composite Agent
- EAR Stands for---------------Erection all risk policy
- ALOP Stands for-------------Advance Loss of Profits Policy
- CPM Stands for--------------Contractor Plants & Machinery Policy
- MLOP Stands for------------Machinery Loss of Profits Policy
- MCE Stands for--------------Marine Cum Erection Policy
- CAR Stands for-------------Contractors All Risks Policy
- TPA Stands for-------------Third party administrator
- III Stands for----------------Insurance institute of India
- TAT Stands for-------------Turnaround time
- IGMS Stands for-----------Integrated grievances management system
- IDV Stands for--------------Insured declared value
- GIBNA Stands for--------General insurance Business Nationalization Act
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June 05, 2015
OICL AO Online Exam 2015 Results out
May 03, 2015
Review of Today's Oriental Insurance Generalists Exam
OICL AO Exam Review (Morning Shift)
Reasoning was moderate to hard
- Machine problem-hard
- Seating arrangement few are facing outside,few are facing center
- One problem is related to days,work(running,acting,etc.) and persons
- Syllogism--easy
- Some decisive type of questions--quiet hard
- My attempts--26 only
Aptitude--time consuming
- 15 DI questions(frnds first go for these questions)
- then go for work,time,train type of questions and then numericals
- My attempts--23
April 21, 2015
OICL AO Online Exam 2015 Call Letters out
February 27, 2015
OICL AO Recruitment 2015 Online Application Link Activated
February 18, 2015
Official Notification of OICL AO Recruitment 2015 out
