OICL AO case studies
OICL AO · Put your knowledge to work in context.
The OICL Administrative Officer (AO) examination is the recruitment test used by Oriental Insurance Company Limited, a public sector general insurer in India, to shortlist candidates for entry-level officer posts in disciplines such as generalist, legal, accounts, actuarial, engineering and medical. It suits graduates who want a stable insurance-sector career and are willing to prepare across aptitude, language and insurance-specific knowledge rather than in a single technical specialty. The OICL AO case studies are 5 cases and about 4,100 words.
1The schedule that was signed off as 'fully determined'
A regional office must fix the schedule for six insurance agents - A, B, C, D, E and F - who will each spend one full working day, Monday to Saturday, at a branch. Exactly one agent goes each day, and each agent goes on exactly one day.
758 words, about 4 min2A home loan request that exceeds what the income can service
An applicant, aged 34, seeks a home loan of ₹38,00,000 to buy a flat whose agreement value is ₹48,00,000. Her net monthly salary is ₹84,000, and she has 18 EMIs of ₹11,400 left on a car loan.
823 words, about 4 min3Ordering the circular paragraph before it goes to 400 agents
A draft paragraph for a branch circular has arrived with its five sentences out of order, and one sentence that the editor believes does not belong at all. The five are: (P) In the year to March, motor third-party claims rose 19 per cent while premium in the same segment grew only 6 per cent.
881 words, about 4 min4Explaining deposit insurance when a cooperative bank fails
A district central cooperative bank has been placed under moratorium, and the branch must explain deposit insurance to depositors. Mr Rao's position at the bank is: a savings account of ₹80,000 and a fixed deposit of ₹4,20,000 (₹4,00,000 principal plus ₹20,000 accrued interest), both in his own name; a fixed deposit of ₹3,00,000 (₹2,80,000 principal plus ₹20,000 interest) held jointly with his wife and marked 'either or survivor'; a fixed deposit of ₹6,00,000 in the name of a partnership firm in which he is one of two partners; ₹1,50,000 of the bank's tier-2 bonds and ₹2,00,000 of units in a liquid mutual fund, both bought through the same branch.
842 words, about 4 min5Settling a factory fire claim with under-insurance and a second policy
Fortune Plastics Ltd holds a Standard Fire and Special Perils policy from Insurer A: building (owned, on reinstatement basis) sum insured ₹2,00,00,000, and stock and stock-in-process ₹1,50,00,000. The policy carries a ₹50,000 excess each and every loss and the usual average (under-insurance) condition.
796 words, about 4 min