NICL Assistant Salary 2024: Pay Scale, and Perks

The National Insurance Corporation Limited, well known as NICL, is a general insurance company under the Ministry of Finance, Government of India. This government insurance corporation, trusted since 1906, is a dream work place for many of the aspirants who are planning to develop a career in the public insurance sector of India. To quench this thirst, every year NICL conducts recruitments to various posts such as NICL AO (Administrative Officer), NICL AA (Assistant Actuary), NICL Account Apprentice, NICL Agriculture Apprentice, etc… based on the availability of the vacancies. Though the NICL recruitment exams are not annual, it is considered as one of the toughest government exam in India due to its high competition. While comparing different posts in the NICL, the NICL AO post has the most demand among the candidates.

                                        Download the Entri App and start your NICL 2024 preparation

NICL Salary Structure 2024

The in-hand salary is the monthly amount received after deductions. NICL Assistants initially receive approximately Rs. 39,000 per month, including basic pay and allowances. The amount varies depending on the place of posting and increases with promotions and increments.

NICL Post Wise Salary 2024

Given below is the approximate monthly salary of NICL AO, NICL Actuarial Apprentice, NICL Actuary, and NICL Agriculture Apprentice.

NICL Allowances 2024

Along with promising salary, NICL also provides different allowances to its employees. Given below are the allowances and benefits of NICL AO

Click here to receive the latest bank exam study materials for free!

NICL Promotions 2024

The promotions in the NICL can be classified into Eight Scale;

Scale 1: AO

Scale 2: Asst. Manager/ Branch Manager

Scale 3: Deputy Manager/Divisional Manager

Scale 4: Manager/Sr. Divisional Manager

Scale 5: Chief Manager/Regional Manager

Scale 6: Deputy General Manger

Scale 7: General Manager

Scale 8: CMD

The promotions are purely based on Promotion Exams and Interviews.

NICL Assistant Salary Slip

This document is essential for tracking earnings and is useful for loan applications or tax purposes. NICL issues a detailed salary slip to employees every month. It includes:

• Basic Pay
• Allowances
• Deductions
• Incentives and bonuses

NICL Assistant Job Profile

NICL Assistants play a vital role in the organization. Their responsibilities include:

• Performing administrative tasks like data entry, managing files, and maintaining office equipment.
• Assisting in organizing meetings, conferences, and other events.
• Handling customer queries and maintaining positive relationships with clients.
• Ensuring adherence to company policies and procedures.

NICL Assistant Perks and Benefits

Apart from the salary, NICL Assistants enjoy several additional benefits, such as:

• House Rent Allowance (HRA): Support for accommodation expenses.
• Dearness Allowance (DA): To offset inflation impacts.
• Gratuity: A lump sum amount paid at retirement or resignation.
• Leave Encashment: Compensation for unused leave.
• Insurance: Health and life insurance coverage.

NICL Assistant Career Growth and Promotion

NICL provides ample opportunities for career advancement. Employees can get promoted to senior roles based on performance and experience. Regular training and skill enhancement programs also help in professional growth.

Click here to receive the latest bank exam study materials for free!

Entri App is the best learning and prep app to secure a job. Through Entri you can access practice papers, previous questions, crash courses, mock tests and study cards. Entri provides you a customized learning exposure finely curated for your study habits.  The expert teachers in Entri will help you to identify your weak zones and help you to build your confidence. Wishing you all the very best!

Click on the Download Tab to access the Banking Monthly magazine 2024

Download the Entri App and we will be there to help you to crack the NICL Recruitment Exam. Wishing you all a very best.