UIIC AO Finance and Investment Exam 2024- Notification, Exam Dates, Vacancies, Job Profile- All Details Here

UIIC Recruitment 2024 Finance and Investment: Apply Online for 20 vacancies 

United India Insurance Company is one of the largest general public sector insurance companies in India with a long tradition of legacy and contribution to the country's insurance sector. Having been established in 1938, UIIC emerged as an altogether government-owned entity after nationalization in 1972. The head office of UIIC is in Chennai and it has the biggest network of over 2,000 offices that serve millions of customers across the nation. The UIIC holds a wide range of insurance products such as motor, health, fire, marine, and rural insurance. The corporation meets the diversified needs of individuals and organizations. 

One of the features that characterize UIIC is customer centricity, which is reflected in the diversified insurance products and policy tailors created to cater to specific needs. The company also plays a critical role in rural insurance, supporting agricultural activity and protection for many rural risks, and hence financially including now-unpenetrated zones. Some more government-sponsored insurance programs offered by UIIC are specifically targeted at affordable coverage for some of the weaker sections of society. 

The 2024 UIIC recruitment for the post of Administrative Officer has been kickstarted with the release of the UIIC AO notification 2024. This UIIC AO recruitment 2024 is so coveted because of the prestige and career development associated with it. The position of an Administrative Officer at the United India Insurance Company is perhaps one of the most respected positions within the insurance sector, thus very much in demand for aspirants looking forward to stable and rewarding government employment.  

Being selected as an Administrative Officer in the UIIC means that candidates get a chance to work in a leading public sector insurance company with excellent pay and job security along with various perks that include medical allowances, housing benefits, and so on. This is precisely the main reason why candidates highly value this particular notification. 

This UIIC AO notification has been highly awaited too. Within the UIIC AO notification, the details regarding the Finance and Investment stream are anticipated by candidates too. The UIIC AO exam has earned itself a repute for an efficient process in its selection criteria, consisting of online written exams aiming at assessing both knowledge and judgment skills from the candidates as well as assessing their competency level. With the release of the UIIC AO notification for the Finance and Investment stream, candidates must start preparing well in advance.  

Below is a summary of the key features of the UIIC Finance and Investment recruitment 2024 is as follows:

UIIC AO Notification 2024: Finance and Investment 

The United India Insurance Company Ltd. (UIIC) has released an extensive notification detailing the recruitment procedure for 20 Finance and Investment Administrative Officers (Scale-I). The online application process for the UIIC AO exam will begin on October 15, 2024, and conclude on November 5, 2024. Eligible and motivated candidates can complete their applications through the official UIIC website: https://uiic.co.in/. 

The UIIC AO recruitment 2024 presents an exceptional opportunity for aspirants wishing to establish a career in this field. As one of India's esteemed insurance firms, UIIC offers the role of Administrative Officer (AO) Scale-I in the Finance and Investment Stream, a position that is both challenging and rewarding. For those enthusiastic about seizing this opportunity, this article furnishes comprehensive insights into UIIC notification 2024. 

UIIC Accounts/Finance Vacancy 2024

The United India Insurance Company Ltd. (UIIC) has introduced a substantial number of 100 openings for the role of Administrative Officer (Scale I) Specialists. These vacancies are spread across diverse fields of expertise. Notably, out of these, a total of 20 vacancies have been announced for the UIIC Finance and Investment Officer post. For a more comprehensive understanding of the available positions under UIIC Recruitment 2024, kindly consult the table below: 

UIIC Exam Eligibility Criteria 2024 (As of September 30, 2024) 

Nationality / Citizenship

• a Citizen of India or,
• a subject of Nepal or,
• a subject of Bhutan or,
• a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or,
• a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India provided that a candidate belonging to categories (ii), (iii), (iv) & (v) above shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

UIIC Exam Eligibility Criteria: Finance and Investment Education Qualification 

In order to participate in the UIIC recruitment 2024 for Administrative Officers, it is essential for every candidate to meet the stipulated educational qualification as per the UIIC exam eligibility as mentioned in the UIIC AO notification. For the UIIC AO Finance and Investment role, applicants should possess one of the following educational qualifications: 

Chartered Accountant (ICAI)/Cost Accountant (ICWA) 

OR 

Bachelor of Commerce (B.Com.) degree with a minimum of 60% marks (55% for SC/ST category) from a recognized University 

OR

Master of Commerce (M.Com.) degree from a recognized University. 

UIIC Exam Eligibility Criteria: Finance and Investment Age Limit 

The United India Insurance Company Ltd. has defined specific age limits for individuals applying for the UIIC Finance and Investment Specialist position in the UIIC notification. The lower age limit is 21 years, while the upper age limit is 30 years. Adhering to these age boundaries is crucial to confirm the eligibility of your UIIC AO application. 

Candidates must ensure that their date of birth falls within the specified parameters to meet the age criteria for the UIIC AO role. The candidate's date of birth must fall between October 1, 1994, and September 30, 2003, inclusive of both dates to be eligible for the UIIC AO recruitment 2024.  

Moreover, there are provisions for age relaxation based on particular categories:

• A relaxation of 5 years for candidates belonging to the SC/ST and Ex-servicemen categories.
• Candidates categorized under OBC are entitled to a relaxation of 3 years.
• Persons with Benchmark Disabilities (PwBD) benefit from a relaxation of up to 10 years.

The relaxation in age will be permissible cumulatively if the candidate qualifies under more than one of the above-mentioned categories, but total relaxation in the age, irrespective of the number of categories, for which he qualifies, shall not exceed 45 years. 

Regarding age relaxation, the candidate(s) should obtain and submit an appropriate certificate(s) for verification at the time of the Interview or any other appropriate stage of the selection process as decided and considered necessary by the authorities. Lack of valid documents will lead to the loss of relaxation benefits. In the case of ECOs and SSCOs, the age relaxation would be the same as applicable to Ex-Servicemen so they shall benefit suitably under the provisions of those relaxations. 

UIIC Accounts/Finance Free Mock Test 2024

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UIIC Officer Salary 2024: Finance and Investment 

The attractive salary package serves as a compelling incentive, encouraging candidates to actively pursue opportunities within UIIC Recruitment 2024. Successful candidates will be entitled to an approximate monthly salary of Rs. 88,000 through UIIC Recruitment 2024. The UIIC AO pay scale is structured as ₹50925-2500(14)-85925-2710(4)-96765. 

This compensation structure is based on the Basic pay scale, ranging from Rs. 50,925 to Rs. 85,925. The increments within this pay scale consist of Rs. 2,500 increments for the initial 14 stages, followed by Rs. 2,710 increments for the subsequent 4 stages, ultimately resulting in a final Basic pay of Rs. 96,765. 

UIIC Finance and Investment Probation Period 

Once selected candidates are deemed medically fit, they shall be appointed as UIIC Finance and Investment Officer (Administrative Officer Scale 1) on a one-year probationary basis, which might be extended at the Company's discretion. The Company retains the authority to terminate the candidate's service without notice or reason if they are deemed unsuitable during the probation or extended probation period. Throughout the probation, candidates might undergo both theoretical and practical training as determined by the Company. 

UIIC Finance and Investment Guarantee Bond 

Selected candidates who are appointed on the regular payroll of the Company as probationers will be required to provide an undertaking to serve the Company for a minimum period of five years, including the probationary duration. If they choose to resign from the Company before the bond period's completion, they will be obligated to pay liquidated damages amounting to one year's gross salary received during their probationary year. The liquidated damages may be adjusted proportionally based on the duration of service rendered. Furthermore, these candidates must submit a duly executed Bond, stamped and endorsed by two reliable sureties with sound financial credibility. The Bond's value should be equivalent to one year's gross salary, and an additional amount of Rs. 35,000/- should be provided to cover a portion of the training costs. 

UIIC AO Exam Application 2024: Finance and Investment 

To successfully submit your online application for UIIC AO Recruitment 2024, adhere to the following instructions:

• Click on the dedicated direct link for UIIC AO Recruitment 2024.
• Opt for the "REGISTER" option.
• Provide the required information, including your name, date of birth, and other essential details.
• Upon successful registration, access the "Apply Online for UIIC AO Recruitment 2024" link available on the website.
• Complete all mandatory sections of the application form and ensure proper uploading of the specified documents.
• Conduct a thorough review of all the entered details before finalizing the submission of the application form.
• Make the necessary payment for the application fees and then confirm your submission by selecting the "SUBMIT" button.
• As a concluding step, download and save your UIIC AO 2024 Application Form for future reference.

By meticulously following these provided steps, you will be able to efficiently submit your application for UIIC AO Officer Recruitment 2024.

UIIC Finance and Investment Application Fee 

As per the official UIIC Recruitment 2024 notice, candidates are required to make a designated payment as part of the application procedure. It's important to be aware that once the UIIC AO application fee is paid, it becomes non-refundable. The fee structure is outlined as follows:

For Applicants except SC/ST/PwBD and Company Employees:

• Application Fee: Rs. 1,000/-
• Service Charges with GST: As applicable

For SC/ST/PwBD and Company Employees:

• Application Fee: Exempted
• Service Charges with GST: Rs. 250/-

UIIC Accounts/Finance Officer Exam Pattern