OICL Actuarial Apprentice Recruitment 2026: Eligibility, Stipend and Offline Application
The Oriental Insurance Company Limited (OICL), a Government of India undertaking, has invited applications for 15 Actuarial Apprentice posts on a contractual basis. If you are a graduate who is pursuing actuarial studies and has already cleared a few papers, this is a chance to train inside a public sector insurer. The apprenticeship runs for 11 months at the Corporate Office in Delhi, with a monthly stipend of ₹35,000. It is a PSU opening meant for actuarial students.
Please note one thing first: this is not an online form. You download the application form, email a scanned copy by 13 October 2026, and post the hard copy so that it reaches OICL by 16 October 2026. Both steps are needed. Below you will find the vacancy split, eligibility, age limit, selection method and every condition that can cost you the seat. Read it fully before you fill the form. We at GovtJobsAlert.in have checked every line against the official notification.
Key Highlights of OICL Actuarial Apprentice Recruitment 2026
OICL is a central government insurance company with its Corporate Office in New Delhi. This notification is for apprentices, not regular employees, so read the service conditions carefully before you apply.
| Detail | Information |
|---|---|
| Organisation | The Oriental Insurance Company Limited (OICL) |
| Post | Actuarial Apprentice (contractual) |
| Total Vacancies | 15 |
| Monthly Stipend | ₹35,000 |
| Apprenticeship Period | 11 months |
| Notice Period | 1 month |
| Job Location | Corporate Office, Delhi |
| Mode of Application | Offline form + advance scanned copy by email |
| Last Date (scanned copy by email) | 13 October 2026 |
| Last Date (hard copy to reach OICL) | 16 October 2026 |
| Selection | Personal Interview |
How Many Vacancies are in OICL Actuarial Apprentice Recruitment 2026?
There is only one post, so the category split below applies to all 15 seats. The PwBD seat is horizontal, which means it is counted inside the other categories and does not add to the total.
| Post | Category | Vacancies |
|---|---|---|
| Actuarial Apprentice | UR | 7 |
| Actuarial Apprentice | SC | 2 |
| Actuarial Apprentice | ST | 1 |
| Actuarial Apprentice | OBC | 4 |
| Actuarial Apprentice | EWS | 1 |
| Actuarial Apprentice | PwBD (horizontal) | 1 (OC) |
| Total | All categories | 15 |
The notification says reservations apply as per Government guidelines.
Who Can Apply for OICL Actuarial Apprentice 2026?
Educational Qualification
| Requirement | Detail |
|---|---|
| Necessary (a) | Graduate |
| Necessary (b) | Passed minimum 4 Actuarial Papers (excluding CB3) of IAI / IFoA |
| Desirable | Proficiency in R / Python / SQL |
| Cut-off date | Both necessary conditions as on 01 September 2026 |
A simple graduate degree is not enough on its own here. You must also have cleared at least four actuarial papers of the Institute of Actuaries of India or the Institute and Faculty of Actuaries, and CB3 does not count towards those four. Count your papers carefully, excluding CB3, before you apply. R, Python or SQL skills are only “desirable”, so do not skip applying if you lack them, but mention them if you have them.
Age Limit
| Category | Age Limit (as on 01.09.2026) |
|---|---|
| All candidates (minimum) | 21 years |
| General / EWS (maximum) | 30 years |
| OBC (maximum) | 33 years |
| SC / ST (maximum) | 35 years |
| PwBD (maximum) | 40 years |
🎂 Not sure if you meet the age criteria? Use our free Age Calculator for Government Exams to find your exact age on the cut-off date and instantly check your eligibility — including any age relaxation you qualify for. →
The notification says age relaxation is as per Government norms and gives the upper limits shown above. Check your exact age on 01 September 2026, not on the day you apply. If you are claiming a reserved-category or PwBD relaxation, keep your category or disability certificate ready, because the upper limit you rely on depends on it.
What is the Stipend for OICL Actuarial Apprentice 2026?
Selected apprentices get a fixed stipend of ₹35,000 per month. This is a stipend, not a salary with pay level and allowances.
| Term | What the notification says |
|---|---|
| Monthly Stipend | ₹35,000 |
| Deductions | No PF, Staff Mediclaim or similar deduction from the stipend |
| Leave | One day per month, carried forward if unused, only with prior permission |
| Other absence | Pro-rata stipend deduction |
| Overtime | No overtime allowance |
| Holidays | As observed in the Company |
| On completion | Apprenticeship Certificate, subject to satisfactory performance |
The good part is that no PF or Mediclaim is deducted from the ₹35,000. The flip side is that no employee benefits come with it. For a student still clearing papers, the real value is 11 months of hands-on actuarial work at an insurer’s head office.
What is the Selection Process for OICL Actuarial Apprentice 2026?
| Stage | Detail |
|---|---|
| Personal Interview | All eligible candidates appear before the Interview Panel |
| Final selection | Based on performance in the Personal Interview |
| Qualifying marks | Decided by the Company |
Details of the interview, such as the date and venue, will be shared through the Company’s website and/or your email in due course. So keep checking both. Prepare well on the actuarial subjects you have cleared, since your papers are the core of your eligibility. The Company can also cancel the interview or selection process at any stage.
Since the interview is the only stage named in the notification, it carries the whole weight of your selection. Be ready to explain which papers you have cleared, what you are studying next, and how you use tools like R, Python or SQL if you know them. Speak simply and honestly about your actuarial journey so far. The notification does not say what the panel will assess.
How to Apply for OICL Actuarial Apprentice Recruitment 2026?
This is an offline application, with an advance scanned copy by email. There is no online form to fill.
| Step | Action |
|---|---|
| 1 | Keep a valid personal email ID and mobile number active till the selection process ends |
| 2 | Visit the Career section of the OICL website (link in Essential Links) and read the advertisement fully |
| 3 | Download the application form and check that you meet the eligibility |
| 4 | Fill all details, affix your photograph and sign as per the specification |
| 5 | Email the advance scanned copy to recruitment@orientalinsurance.co.in by 13 October 2026 |
| 6 | Send the hard copy by post 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 |
| 7 | Make sure the hard copy reaches the Corporate Office on or before 16 October 2026 |
The hard copy must actually reach New Delhi by 16 October, not just be posted by then. Use speed post or registered post early, and keep the receipt. Keep proof of your age, graduation and actuarial paper results ready.
A small tip from us: before you email the scan, check that the photo, signature and every field are clearly visible. Send the email a few days before 13 October, not on the last night, and save the sent mail. Keep a photocopy of the filled form for your own record.
What are the Important Dates for OICL Actuarial Apprentice 2026?
| Event | Date |
|---|---|
| Eligibility and age cut-off | 01 September 2026 |
| Last date for advance scanned copy (email) | 13 October 2026 |
| Last date for hard copy to reach OICL | 16 October 2026 |
| Personal Interview | To be informed via website / email |
What is the Application Fee for OICL Actuarial Apprentice 2026?
| Category | Fee |
|---|---|
| All categories | Not mentioned in the notification |
The notification does not mention any application fee or payment mode. If the downloaded form asks for anything different, follow the form.
Is OICL Actuarial Apprentice 2026 a Permanent Job? Key Conditions
These lines are easy to skip, but each one matters.
| Condition | What it means for you |
|---|---|
| Late hard copy | If the hard copy does not reach by 16.10.2026, the candidature shall not be considered |
| Trainee status | You are a trainee, not a worker or employee; labour laws shall not apply |
| No absorption | You shall not be eligible for absorption or any further employment in OICL through this apprenticeship |
| No right to claim | The apprenticeship does not confer any right or entitlement to claim employment, damages or compensation beyond its own terms |
| No future weightage | Completing it gives no weightage or preference in any future OICL recruitment |
| No employee benefits | You shall not be entitled to benefits or allowances meant for employees, or to any employer contribution, except where the law requires it |
| Leave | No other kind of leave apart from the one day a month |
| Company’s rights | OICL can amend conditions, reject any application or cancel the exercise or interview at any stage without giving a reason |
| Final decision | The Company’s decision on eligibility and interview is final; no correspondence will be entertained |
Go into this with clear eyes. It is a training contract, and it does not promise you a permanent job at OICL.
Essential Links for OICL Actuarial Apprentice Recruitment 2026
- Download OICL Actuarial Apprentice Detailed Advertisement PDF
- OICL Careers Page – Download Application Form for Actuarial Apprentice Recruitment 2026 – 15 Posts
- Visit OICL Actuarial Apprentice Official Website
- Join WhatsApp Channel for Government Jobs
- Join Telegram Channel for Government Jobs
If you are a graduate with four actuarial papers cleared (not counting CB3), do not let this one pass. Email your scanned form by 13 October 2026 and post the hard copy early so it reaches New Delhi by 16 October 2026. For more openings in insurance and finance, see our commerce and finance jobs page, and keep visiting GovtJobsAlert.in for every update.