OICL AO Bond Conditions 2025, Check Important Updates

The OICL AO 2025 recruitment for 300 Administrative Officer posts has begun, with the online application window open from 03 December 2025 to 18 December 2025. Before applying, candidates must clearly understand the bond conditions associated with this post. Oriental Insurance Company Limited requires selected candidates to agree to specific service obligations and financial commitments to ensure workforce stability and recover training investments.

OICL AO Bond Conditions 2025

Before applying for the OICL AO recruitment, review all the bond and employment conditions carefully. Candidates should discuss surety selection, financial responsibilities and long-term career planning with family members or advisors. Knowing these terms in advance allows candidates to make an informed decision and avoid complications later in their employment journey.

Also Read, OICL AO Notification PDF Out

OICL AO Basic Bond Conditions

Selected candidates must sign a Guarantee Bond before joining, agreeing to serve the organisation for a minimum period.

• Candidates must serve at least 4 years, which includes the 1-year probation period.
• The probation period may be extended up to 2 years based on performance and suitability.
• A stamped surety bond must be provided, signed by two financially sound sureties who must not be blood relatives.
• The bond amount will be equivalent to one year’s gross salary of the candidate.
• The surety ensures financial accountability if bond terms are violated during service.

Click here for, OICL AO Apply Online 2025 Link

Penalty If You Leave Early in OICL

Employees who resign before completing the bond period will be required to pay certain financial penalties.

• If you resign after confirmation but before completing 4 years, you must pay liquidated damages equal to one year’s gross salary received during probation.
• This penalty will be proportionately calculated depending on the length of service completed.
• If you resign during probation or if your services are terminated during probation, you must refund the entire salary received during service.
• An additional ₹40,000 must be paid towards the partial training cost incurred by OICL.

Other Important Conditions for OICL AO Recruitment

These additional guidelines clarify important rules regarding employment, surety requirements and company rights.

• OICL will not accept any lien or bond from previous employers.
• The company will not pay leave salary, pension contributions, or any liabilities to a former organisation.
• OICL reserves the right to terminate services during probation or extended probation without notice if a candidate is found unsuitable.
• Termination decisions during probation are independent of bond terms, meaning they can occur even if the bond exists.

Why Bond Conditions Matter

Understanding bond rules helps candidates:

• Make a confident decision before accepting the offer.
• Avoid legal and financial complications later.
• Be clear about long-term service commitments and expectations.
• Plan career decisions with transparency and stability in mind.