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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.
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:
|Pay Scale||INR 32795-1610(14)-55,335-1745(4)-62,315|
|Basic Pay||INR 32,795/month|
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||1st year: INR 30,000/month
2nd year: INR 32,500/month
|NICL Agriculture Apprentice||1st year: INR 40,000/month
2nd 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
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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