OICL Actuarial Apprentice Recruitment 2026 – 15 Vacancies, ₹35,000 Stipend, Apply Offline

The Oriental Insurance Company Limited (OICL), a Government of India Undertaking, has released an advertisement for the engagement of Actuarial Apprentices on a contractual basis at its Corporate Office in New Delhi.

As per the official notification, OICL is inviting applications from eligible graduates pursuing actuarial studies for a total of 15 Actuarial Apprentice vacancies. Selected candidates will receive a monthly stipend of ₹35,000 during the 11-month apprenticeship period.

Eligible candidates must submit the scanned application by email on or before 13 October 2026 and ensure that the hard copy reaches the company’s Corporate Office by 16 October 2026.

OICL Actuarial Apprentice Advertisement 2026

The following post is prepared from the official four-page advertisement supplied at the Oriental Insurance Company PDF link.

Download Official Notification PDF OICL Official Website 

OICL Actuarial Apprentice Recruitment 2026 – Overview

Source: OICL official advertisement, pages 1–4.

OICL has announced 15 vacancies for Actuarial Apprentices. The category-wise vacancy distribution is provided below.

PwBD reservation: 1 vacancy for OC (Orthopedically Challenged), on a horizontal reservation basis. Reservations are applicable as per Government guidelines. The PwBD vacancy is included within the total of 15 and is not an additional vacancy.

OICL Actuarial Apprentice Eligibility 2026

Candidates must fulfil the educational qualification and age requirements prescribed in the official notification.

Educational Qualification

Candidates must possess both of the following qualifications as on 1 September 2026:

1. Graduate degree.

2. Passed a minimum of 4 actuarial papers of IAI (Institute of Actuaries of India) or IFoA (Institute and Faculty of Actuaries), excluding CB3.

– Proficiency in R, Python or SQL.

The desirable programming skills are additional requirements mentioned in the advertisement and should not be confused with the essential eligibility criteria.

The age eligibility is calculated as on 1 September 2026.

Age relaxation is applicable as per Government norms specified in the notification.

OICL Actuarial Apprentice Salary 2026

Selected candidates will receive a fixed monthly stipend during the apprenticeship.

Important conditions:

• The engagement is on a contractual apprenticeship basis for 11 months.

• Apprentices are trainees and not employees or workers of the company.

• They are not entitled to regular employee benefits, allowances or emoluments except those expressly provided in the apprenticeship terms.

• No deduction towards employee benefits or statutory contributions, including PF or staff mediclaim, will be made from the stipend, subject to the terms specified in the advertisement.

• Completion of apprenticeship does not guarantee permanent employment or absorption in OICL.

The selection process consists of a Personal Interview.

Personal Interview

• All eligible candidates will have to appear before the Interview Panel.

• Selection will be based on performance in the Personal Interview.

• Qualifying marks will be decided by OICL.

• Interview modalities and related instructions will be communicated through the company’s website and/or email.

The notification does not prescribe a separate written examination or CBT for this apprenticeship recruitment.

Important: Both application deadlines must be followed. The scanned application must be emailed by 13 October 2026, and the hard copy must reach the Corporate Office by 16 October 2026.

The official advertisement does not specify an application fee for this engagement.

Candidates should follow the application instructions and formats provided by OICL and check the official website for any subsequent updates.

How to Apply for OICL Actuarial Apprentice Recruitment 2026

Eligible candidates must submit the application in the prescribed format and send both the scanned copy and hard copy within the specified deadlines.

Step 1: Download the Application Form

Visit the official OICL website and open the Career section. Download the application form and read the advertisement carefully.

Step 2: Fill in the Application Form

Enter the required personal, educational and actuarial examination details correctly.

Affix the photograph and sign the application as prescribed.

Step 3: Email the Scanned Application

Send the advance scanned application to the following email address:

Step 4: Send the Hard Copy

The hard copy of the same application must reach the following address on or before 16 October 2026.

Keep a copy of the emailed application, email delivery confirmation and postal dispatch details for future reference.

The advertisement states that candidates whose scanned application is not received by 13 October 2026 or whose hard copy does not reach the Corporate Office by 16 October 2026 will not be considered.

Candidates should carefully read the following conditions before applying:

The advertisement states that the apprenticeship does not create a right to future employment, preferential consideration or weightage in subsequent recruitment.

Apprentices are entitled to the prescribed stipend and benefits specifically provided under the apprenticeship terms. No overtime allowance is provided.

OICL Actuarial Apprentice Recruitment 2026 – FAQ

Q1. How many vacancies are available in OICL Actuarial Apprentice Recruitment 2026?

There are 15 Actuarial Apprentice vacancies.

Q2. What is the monthly stipend?

Selected apprentices will receive ₹35,000 per month.

Q3. What is the minimum qualification?

Candidates must be graduates and have passed at least 4 actuarial papers of IAI/IFoA, excluding CB3.

Q4. What is the age limit?

The minimum age is 21 years and the maximum age is 30 years as on 1 September 2026, subject to applicable relaxation.

Q5. What is the last date to apply?

The scanned application must be emailed by 13 October 2026, and the hard copy must reach OICL by 16 October 2026.

Q6. What is the selection process?

Selection is based on a Personal Interview.

Q7. Is this a permanent government job?

No. This is an 11-month contractual apprenticeship. It does not guarantee absorption or further employment in OICL.

Q8. Where will selected candidates be posted?

Selected apprentices will be posted at the OICL Corporate Office in New Delhi.