There is great news for all NIACL Recruitment aspirants because the organization has declared that it will hold a recruitment procedure for Administrative Officer (AO) positions in the year 2022. New India Assurance Company Limited is a public sector general insurance company based in Mumbai that was founded in 1919 and nationalized in 1973. It is a leading global insurance group with offices and branches spread across the country, and it is one of the five completely owned insurance companies by the Government of India. New India Assurance has not yet announced the vacancies for the Administrative Officer (Generalist) Scale-I position for the year 2022, for which online applications from Graduates/Post Graduates will be accepted as the official notification is published by the commission. This article on NIACL AO Job Profile will provide you with the latest information on NIACL AO Career growth and other details.
Candidates chosen for the position of NIACL AO will receive a basic pay of Rs 32,795, as well as other allowances as applicable. Candidates chosen for the AO position must serve a one-year probation period beginning on the date of hire. The chosen AO will be required to submit a commitment to serve NIACL for a minimum of four years, including the probation period. Candidates must provide accurate information in the application form because the NIACL will terminate them immediately if any information is found to be false or they are found to be involved in any interdisciplinary or fraudulent activities.
NIACL AO Job Profile
The position of NIACL Administrative Officers entails a variety of job responsibilities and duties. As a result, before applying for the position, candidates should be familiar with the roles and responsibilities.
- The Scale-I administrative job profile is NIACL AO (Generalist), and the work profile includes the responsibilities of the First Entry-Level Officer.
- The Administrative Officer is in charge of policymaking, clauses, risk proposals, and claim authorization.
- The official returns and statements that must be shared with higher regional offices are filed by NIACL AO.
- They are also in charge of managing and supervising the issuance of insurance policies, the settlement of insurance claims, and so on.
NIACL AO Roles & Responsibilities
Candidates who are preparing for the NIACL AO examination 2022 must know about the NIACL AO roles & responsibilities before applying for the job. Here are the details that you need to know about the roles and responsibilities associated with the NIACL AO job profile 2022.
- A NIACL Administrative Officer is a first-entry level officer who is entitled to the duties to perform administrative and authoritative work.
- Reviewing the Insurance Policies, Checking Clauses in the documents, Settling Insurance Claims, Verifying the risk proposals, and submitting official returns is the job responsibility of NIACL AO.
- The job responsibility of NIACL Finance and Account Officer includes resolving bills, managing financial bookkeeping, sending bills to the customers, and providing assistance in budget preparation.
- A NIACL Legal Officer is required to handle the legal affairs of the company, create legal documents and ensure there are no errors in the agreements and contracts.
- The job responsibility of the NIACL Company Secretary involves adhering to statutory and regulatory requirements and making sure that the decisions of seniors are implemented.
NIACL AO Career Growth
The advancement of an NIACL AO is determined by a variety of factors such as internal exam performance, seniority, certification, and so on. Administrative Officers at NIACL benefit from consistent career advancement and promotion based on job performance and internal exams. After three years of service, the NIACL AO will be eligible for promotion through an internal exam. Candidates who perform well in the internal exam will be promoted to the Scale II Officer position. Along with the internal exams, the NIACL AO will be eligible for promotions based on seniority after 5 years of service. The NIACL AO Salary, Posts, and Responsibilities grow with the employee’s advancement.
NIACL AO Probation Period
The probation period for NIACL AO will be one year, beginning on the date of hire. The chosen AO will be required to submit a commitment to serve NIACL for a minimum of four years, including the probation period. Once the candidates have completed their probation period, they will receive not only the basic pay, but also the additional perks and allowances that are part of the salary package. However, if the candidates fail to complete the probation period for any reason or due to poor performance, the probation period may be extended or the candidature may be canceled. It is entirely dependent on the decision of the company’s higher authority.
To be confirmed as an AO in the company, they must pass the Non-Life Licentiate Examination administered by the Insurance Institute of India. Candidates should be aware that if they are found to be engaging in any interdisciplinary or fraudulent activities, they will be fired immediately by the NIACL.
NIACL AO Salary 2022
Administrative Officers at NIACL will be eligible for the NIACL AO Salary of Rs 32,795, in addition to other allowances. The NIACL AO Salary varies according to the employee’s job location. Total emoluments in metro cities will be around Rs 60,000 per month. Other benefits and allowances include PFRDA-governed National Pension System coverage, Medical Benefits, Gratuity, LTS, Group Personal Accident Insurance, and so on.
NIACL AO In Hand Salary
Candidates chosen for the NIACL AO position must serve for a minimum of four years, including a one-year probation period, and will receive a monthly salary of approximately Rs. 60,000/-. According to the most recent notification for NIACL AO 2022, the salary structure for the Administrative Officer at New India Assurance is listed below.
- NIACL AO is hired at a salary of 32795-1610(14)-55335-1745(4)-62315.
- It means that a newly recruited AO is eligible for a base salary of 32795/ as well as other allowances. An AO is eligible for a 1610 increment after one year.
- Likewise, the AO will receive 14 such increments.
- When his or her basic pay reaches 55335, he or she will be eligible for a 1745 raise for the next four years, until his or her salary reaches 62315.
NIACL AO Salary Slip 2022
NIACL offers very attractive salaries to the candidate who is joining for the job. Along with the salary every month, the commission also provides documentation as proof for the salary called as NIACL AO Salary slip. This salary slip has the complete details regarding the salary, allowances, the salary breakdown, etc. This is proof for the salary that the candidates are receiving from the comp[any and can be used for various purposes like income tax returns.
NIACL AO Additional Allowances & Benefits
Along with the basic NIACL AO Salary, let us go over some of the candidate’s allowances.
- Allowances for House Rent: Employees receive House Rent Allowances for their city-rented homes.
- Allowances for Dearness: Dearness Allowances are payments made to employees to cover rising living costs or the equivalent.
- The employee receives a fixed allowance to cover annual medical expenses.
- Employees are eligible for a travel allowance to cover the costs of traveling to and from the office or performing office-related work.
- Pension: When an employee retires, a set amount is paid to him or her.
We hope that this article on the NIACL AO Job Profile 2022 was helpful to candidates preparing for the upcoming NIACL AO exam. Download the Entri App to get the most up-to-date information on recruitment exam dates, eligibility, salary, and job descriptions. To improve exam preparation, take mock tests and solve previous year’s papers. Candidates who wish to apply for the examination are requested to go through the complete syllabus and use the best materials for their preparation. Start your preparations for your dream government job with Entri App. We provide a wide range of courses over different government exams. Sign Up for Entri classes and ace the preparation for the government job examinations and bank examinations today itself. Entri helps you with thousands of questions. Attempt mock tests, analyze yourself and improve your success rate. We wish you all the success in your preparations.