A person who wants to be an actuary has to pass an entrance exam conducted by the Actuarial Society of India.
However recruitment to the Postal Life Insurance takes place according to the recruitment rules of the entire postal department.To be an insurance surveyor, a person needs to hold a license.
The eligibility criterion for recruitment into both the LIC and the GIC is the same. To be eligible for the post of an Assistant Administrative Officer (Class I officer) who is a direct recruit, the candidate must be a graduate/post-graduate from a recognized university in any subject with a minimum of 50 per cent marks.
The candidate's age should not be less than twenty-one years or more than twenty-eight years. To be recruited as a Class II officer, the candidate has to be a graduate in any discipline.
The Class III and IV levels are open to graduates and school leavers.
The age for recruitment of insurance agents is 22-35 years. There is no stringent stipulation regarding qualifications, however graduates are preferred.
An insurance surveyor to be eligible to hold a license must fulfill one of the following Qualifications:
· Fellowship or Associate ship through exam held by the Institute of Insurance Surveyors and Adjusters (IISA), Bombay.
· A degree or diploma in architecture of a recognized university or institute.
· Fellowship or Associate ship of the Institute of Chartered Accountants or Cost and Works Accountants.
· A degree or diploma from a recognized institute of engineering.
· A degree or diploma in naval architecture. Selection Process
The selection process of the LIC and GIC and their subsidiaries is similar.
Large-scale recruitment of apprentice officers for appointment to the cadre of Assistant Administrative Officer is made to fulfill the requirements of the highest cadres of the Life and General Insurance Corporations of India. It is made on the basis of an all-India examination held at different centers in major towns and cities.
The AAOs recruitment exam is on the lines of an objective test, which tests intelligence and quickness of response rather than just memory. The sections include quantitative aptitude, logical reasoning and general knowledge. The short listed candidates are then called for an interview after which they are sent to the training centers for training. After training for a period of six months the candidates are instituted as Assistant Administrative Officers in the corporation.
Class II officers and below are put through a written test in English and math's and are called for an interview. Agents for insurance have to take a written exam, which aims at testing the personality and the language and mathematical skills of the candidate. After completing the training programme the candidate is awarded a certificate of proficiency (in agent taking) by the insurance company.
for concentrated deskwork; an analytical bent of mind;
ability to solve complicated problems; business sense.