NICL Job Profile 2022

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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.

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NICL Job Profile 2022

While comparing different posts in the NICL, the NICL AO post has the most demand among the candidates. So let us take a look into the job profile of Administrative Officer (AO) in the National Insurance Corporation Limited.

NICL AO Roles and Responsibilities

Administrative Officer, a totally authoritative post where decision making is involved, acts as the First Officer in the NICL. Some of the roles and responsibility of the AO officer are:

Filing official returns
Maintaining and managing record and receipts
Taking responsibility for authorizing Insurance Claims
Claim Settlement
Supervision of assistants works
Taking care of contracts and agreements
Statutory and regulatory requirements etc…

NICL Career Growth/Promotion 2022

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, Interviews and Seniority level. In the NICL, promotions are generally slow compared with banks.

NICL AO Salary 2022

Though an Administrative Officer has lots of role and responsibilities to perform in the NICL they are well paid for their hard works. The details of the NICL AO salary are as follows:

Post	Administrative Officer
Pay Scale	INR 32795-1610(14)-55,335-1745(4)-62,315
Basic Pay	INR 32,795/month
Emoluments	INR 51,000/month
CTC	INR 6,50,000/annum

NICL Post Wise Salary 2022

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

Post	Monthly Salary Scale
NICL AO	Basic Pay: INR 32,795/month. Total Emoluments: INR 51,000
NICL Actuarial Apprentice	1^st year: INR 30,000/month 2^nd year: INR 32,500/month
NICL Actuary	Negotiable
NICL Agriculture Apprentice	1^st year: INR 40,000/month 2^nd year” INR 45,000/month

NICL Allowances 2022

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

Allowances and Benefits of NICL AO

1. Medical Allowance
2. House Rent Allowances (HRA)
3. Pension under New Pension System governed by PFRDA
4. City Compensatory Allowances (CCA)
5. Group Personal Accident Insurance
6. LTS
7. Gratuity
8. City Compensatory Allowance
9. Transport Allowance
10. Reimbursements like furniture, newspaper, briefcase etc…

Once the official notification is out, NICL will announce the exam dates also. This year NICL is expected to release the NICL notification tentatively in March. Candidates are advised to check the official website of NICL regularly.

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