Saraswat Co-operative Bank Ltd. (Saraswat Bank) Recruitment for 150 Junior Officer Vacancies 2021

Saraswat Co-operative Bank Ltd. (Saraswat Bank) has published an Advertisement for the below-mentioned Posts. Eligible Candidates advised to refer to the official advertisement and apply for this post. You can find other details like age limit, educational qualification, selection process, application fee, and how to apply are given below. Keep checking NJ View regularly to get the latest updates.

Saraswat Co-operative Bank Ltd. (Saraswat Bank) Recruitment 2021

Job Details:
Posts: Junior Officer

Location wise Vacancies:

• Maharashtra -
• Mumbai/ Navi Mumbai/Greater Mumbai/ Thane/ Raigad: 85
• Pune: 25
• Aurangabad & Jalgaon: 06
• Nagpur: 04
• Kolhapur & Sangli: 10
• Nashik: 04
• Ratnagiri (including Chiplun & Lanja): 02
• Goa - 
• Goa: 04
• Karnataka - 
• Mysore, Davangere, Bengaluru & Mangalore: 04
• Gujarat -
• Ahmedabad, Surat, and Vadodara: 06

Total No. of Posts: 150

Educational Qualification: 

• Candidates with First class (minimum 60% marks and above) in Graduation with specialization in Commerce/Science/Management Studies as under:
• Bachelor of Commerce (B.Com.)
• Bachelor of Commerce (Accounting & Finance)
• Bachelor of Commerce (Banking & Insurance)
• Bachelor of Commerce (Financial Market)
• Bachelor of Science (General)
• Bachelor of Science (Information Technology/Computer Science)
• Bachelor of Management Studies (B.M.S.)
• OR Candidates with Second Class (minimum 50% marks and above) in Graduation and Postgraduation with specialization in Commerce/ Science/Management Studies as under:
• Master of Commerce (M.Com.)
• Master of Commerce (Advanced Accountancy)
• Master of Commerce (Business Management)
• Master of Commerce (Banking & Finance)
• Master of Science (General)
• Master of Science (Information Technology/Computer Science)
• Master of Business Administration (MBA/MMS/PDGM or equivalent Degree in Management with specialization in Finance/Banking/ Marketing - two years full time/three years part-time degree course from recognized University) Those who are in the Final Year/ Semester of their Graduation or Post-Graduation may also apply provisionally subject to the condition that, if called for interview, they will have to produce proof of having passed the graduation/ post-graduation examination on or before 31.01.2021.
• Please read Official Notification for Educational Qualification details.

Age Limit: 

• Not below 21 years and not above 27 years as on 1st February, 2021. Candidates born not earlier than 02/02/1994 and not later than 01/02/2000 (both dates inclusive) are eligible to apply.

Application Fees: 

• The application form is integrated with the payment gateway and the payment process can be completed by following the instructions. Application fee / intimation plus GST charges = Rs.750/- for candidates. The fee is to be paid through Online Mode only. No Cash or any other mode will be accepted. 

Selection Process: 

• The candidates will be selected as per below given recruitment process among the eligible candidates.
• The merit list of shortlisted candidates for interview will be displayed on Bank website.
• Minimum 50% marks on total will be required in Online Examination.
• Exam will be conducted in English language only and there will be 1/4th mark penalty for each wrong answer.

How to Apply ?: 

• Interested Candidates may Apply Online Through the official Website.

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Important Dates:

• Starting Date of Online Application: 05-03-2021
• Last Date to Apply for Online & Fee Payment: 19-03-2021
• The start date for downloading Call letters from the website: One week before the examination: 
• Online test: 03-04-2021

What Is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

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Insurance

How Insurance Works

There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.

KEY TAKEAWAYS

Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. >

There many types of insurance policies. Life, health, homeowners, and auto are the most common forms of insurance.

The core components that make up most insurance policies are the deductible, policy limit, and premium.

Businesses require special types of insurance policies that insure against specific types of risks faced by a particular business. For example, a fast-food restaurant needs a policy that covers damage or injury that occurs as a result of cooking with a deep fryer. An auto dealer is not subject to this type of risk but does require coverage for damage or injury that could occur during test drives.

 In order to select the best policy for you or your family, it is important to pay attention to the three critical components of most insurance policies—the deductible, premium, and policy limit

There are also insurance policies available for very specific needs, such as kidnap and ransom (K&R), medical malpractice, and professional liability insurance, also known as errors and omissions insurance.

Insurance Policy Components

When choosing a policy, it is important to understand how insurance works.

A firm understanding of these concepts goes a long way in helping you choose the policy that best suits your needs. For instance, whole life insurance may or may not be the right type of life insurance for you. There are three components of any type of insurance (premium, policy limit, and deductible) that are crucial.

Premium

A policy's premium is its price, typically expressed as a monthly cost. The premium is determined by the insurer based on your or your business's risk profile, which may include creditworthiness.

For example, if you own several expensive automobiles and have a history of reckless driving, you will likely pay more for an auto policy than someone with a single mid-range sedan and a perfect driving record. However, different insurers may charge different premiums for similar policies. So finding the price that is right for you requires some legwork.

Policy Limit

The policy limit is the maximum amount an insurer will pay under a policy for a covered loss. Maximums may be set per period (e.g., annual or policy term), per loss or injury, or over the life of the policy, also known as the lifetime maximum.

Typically, higher limits carry higher premiums. For a general life insurance policy, the maximum amount the insurer will pay is referred to as the face value, which is the amount paid to a beneficiary upon the death of the insured.

Deductible

The deductible is a specific amount the policy-holder must pay out-of-pocket before the insurer pays a claim. Deductibles serve as deterrents to large volumes of small and insignificant claims.

Deductibles can apply per-policy or per-claim depending on the insurer and the type of policy. Policies with very high deductibles are typically less expensive because the high out-of-pocket expense generally results in fewer small claims.

Special Considerations

With regard to health insurance, people who have chronic health issues or need regular medical attention should look for policies with lower deductibles.