NIACL Assistant Notification 2021 – Check Vacancy

New India Assurance Company Limited, a Mumbai-based Public Sector General Insurance Company was established in the year 1919 by Sir Dorabji Tata and nationalized in the year 1973. It operates in India as well as abroad. It has been given the rate AAA/STABLE by CRISIL indicating the highest degree of credit strength. It is the only direct insurer in India that has been rated A by AM Best, which indicates its strength.

Every year New India Assurance Company Limited conducts the NIACL Assistant Exam for the recruitment of Class III Assistants. The candidates are generally selected after testing them over two phases of the exam. Previously, it had vacancies for 685 posts, and the range varies close to this. The exam is usually conducted once a year and is in online mode. Updates for the 2021 recruitment drive are yet to be released, with expected dates in December for the release of notification. Complete information and details on the Tentative Exam Dates, Pattern of Exam, Eligibility Criteria, Syllabus, Salary, etc can be found in this article of NIACL Assistant recruitment notification so that a candidate who aspires to take the exam this year can start preparing right away.

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NIACL Assistant Recruitment Important Highlights

NIACL Assistant Exam Important Dates

The dates for the 2021 Exams cycle are yet to be announced. However, due to the ongoing pandemic crisis, looking at previous trends can give us a brief idea of the expected dates. The table below shows the list of tentative dates. The info will be updated here once the notification for the dates is out.

NIACL Assistant Vacancies 2021

The official NIACL Assistant 2021 notification is yet to be released. However, the organizing body hired a total number of 653 candidates for various disciplines for the year 2018. Once the official notification is out we will update this space with discipline and category wise vacancies. Meanwhile, candidates can take a look at the 2018 vacancy.

Check Category-wise Vacancies (Provisional) here: 

Check Category-wise backlog vacancies here:

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NIACL Assistant Eligibility 2021 (Expected)

Before the candidates fill out the application form for the recruitment process, they can check the NIACL Assistant eligibility criteria. The criteria for eligibility are discussed below:

Applicants can also get age relaxation, depending on the category to which they belong.

NIACL Assistant Apply Online 2021

The interested candidates who wish to fill the NIACL Assistant 2021 application form can follow the steps provided below to register their candidature. 

Direct Link to the NIACL Assistant Application Form

Note* Link will be activated once the online application starts

Step 1: Click the aforementioned direct link or go to the Official Website of NIACL. 

Step 2: Click on APPLY ONLINE. 

Step 3: Then, enter your name, contact details, and email address by clicking on the ‘New Sign-Up’ button. 

Step 4: Your provisional registration number and password will be now generated. Jot this safely somewhere. 

Step 5: Enter all the information carefully and click on ‘Save and Next’ .

Step 6: Finally, check your details carefully and then press the button for ‘Final Submit.’ 

Step 7: Make sure that the required specifications are met for both the photograph and the signature. Candidates should scan and upload their clear photographs and signature. 

Step 8: Click and continue with the payment process on the payment tab. 

Step 9: After the payment is done, carefully save the application receipt. 

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NIACL Assistant Application Fee

While applying for the NIACL Assistant Recruitment, the candidates will have to make a payment of an application fee. To pay the application fee, you can make use of various methods like debit cards, credit cards, internet banking, mobile wallets, etc. Candidates, take into note that this application fee is non-refundable.

NIACL Assistant Selection Process

A selection process will be required for candidates who are interested to appear for the recruitment of the New India Assurance Company Limited Assistant post. The process of selection is done in two stages. An online preliminary test will be the first phase, which is generally objective in nature. Additionally, all candidates qualifying in the prelims will also give a Mains test that is both Objective and Descriptive in nature. 

NIACL Assistant Exam Pattern

The NIACL Assistant recruitment is divided into 2 stages, namely the prelims and mains. These two exams are further categorized into different sections. The sections are respectively Test of English Language, Test of Reasoning, Test of Numerical Ability and Test of General Awareness. The exam patterns for both prelims and mains are slightly different. Below are the given details of both the Exam Patterns:

NIACL Assistant Prelims Exam Pattern:

NIACL Assistant Mains Exam Pattern:

NIACL Assistant Syllabus (Expected)

The expected syllabus of the NIACL Assistant for the recruitment procedure for the year 2021 is given below. The candidates can go through all the expected topics in order to start off their preparations. 

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NIACL Assistant Job Profile

NIACL Assistant is a clerical level job. He/She is entitled to the responsibility of Data Entry Operations and assisting the AOs in designated sections. They are mainly responsible for Underwriting, Claims, and Accounts.

Underwriting:

• It is generally a data entry process.
• Involves accepting of proposals.
• It involves the signing/issuing of policies.
• Involves the usage of computers to enter, access, and retrieve financial data.

Claims:

• Involves dealing with the legal/non-legal aspects of claims of Customers.
• Involves the process of applying for an insurance rating system.
• Calculate the amount of claim.
• Reviewing insurance policy to determine coverage.
• Transmitting claims for further investigation.
• Attaching information to the claim file.

Accounts:

• Involves payments
• Preparation of balance sheets.
• Accounting transactions

NIACL Assistant Salary Structure

• The initial salary of a NIACL Assistant in hand is ₹23,500 in a metro city, with several allowances like Newspapers, Leave, etc.
• As per the notification of NIACL, they are eligible for a pay scale of ₹ 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080.
• Several sessions of training are imparted to the candidates after the selection for learning about partial aspects of banking.

NIACL Assistant Increments

• You have to clear 3 exams – Licentiate, Associate, and Fellowship. The increment is at each step individually.
• An increment of an amount of ₹1550 is applicable after completion of the Fellowship.
• Position depending allowances are also available in the post.

NIACL Assistant Other Benefits

• Accommodation Benefits in Metro Cities.
• A good number of leaves, that includes casual leave, Sick Leave, etc.
• A 5-day/week job with less workload and decent life with no pressure from the Boss.

NIACL Assistant Career Growth

The promotion is a fast track system in the NIACL. Candidates are promoted on the basis of their performance. The hierarchy of promotion/career growth in NIACL is listed below.

• Assistant
• Administrative officer
• Senior Administrative Officer
• Assistant Manager
• Manager
• Senior Manager
• Insurance Specialist
• Director/CEO

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