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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. While comparing different posts in the NICL, the NICL AO post has the most demand among the candidates.
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NICL Salary Structure 2022
Like every other government job, NICL jobs also assure you a promising salary package. However your monthly NICL pay cheque will directly depend upon your job position in the NICL. The recruitment conducting body of the NICL will publish the salary structure of NICL 2022 in its official recruitment notification. However the starting basic pay would be approximately Rs. 32,795.
NICL Post Wise Salary 2022
1: What does the acronym "ATM" stand for in banking?
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 Actuary | Negotiable |
| 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 |
| 6. LTS |
| 7. Gratuity |
| 8. City Compensatory Allowance |
| 9. Transport Allowance |
| 10. Reimbursements like furniture, newspaper, briefcase etc… |
NICL Promotions 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 and Interviews.
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