NICL Salary 2022 - In Hand, Allowance

NICL Salary 2022 – In Hand, Allowance

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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

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…

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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