NIACL AO Salary | Check Job Profile and Career Growth

Working in the field of banking is a good option and if you are recruited in the New India Assurance Company Ltd or NIACL, then you are actually working at one of the finest places. If you are thinking about why is this place one of the finest, then you should definitely read this article. The article will cover topics like NIACL AO Salary, the Job profile of NIACL AO, and Career growth too.

The NIACL is recruiting candidates for the posts of Administrative Officer for the Generalist and Specialist cadre. Apart from the different roles and responsibilities, they enjoy several perks as well.

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In this article, the interested candidates will get to know all about the NIACL AO Salary, roles, and responsibilities, perks, and allowances, career growth, etc., once you are recruited and posted to a certain location. The basic pay of a NIACL AO is Rs. 32,375 per month and the in-hand salary of a NIACL AO is Rs. 51,000 per month.

Important: NIACL AO Salary 2021

The NIACL AO Salary may differ for the employees as per the location where they are posted. The salary mentioned below in the table given an idea about the salary of NIACL AO.

NIACL AO has 2 cadres:

1. Generalist
2. Specialist
   • Company Secretary or CS
   • Legal Officer
   • Finance and Accounts Officer.

Pay Scale	32795-1610(14)-55335-1745(4)-62315
Basic Pay	Rs. 32,375
In-hand Salary	Rs. 51,000 (Approx)

The salary mentioned in the above table doesn’t include any perks or allowances provided to the NIACL AO.

NIACL AO Salary 2021 – Job Profile

NIACL is recruiting candidates for the post of AO for Generalist and Specialist cadre. The job profiles of both the cadre are mentioned below:

• NIACL AO Generalist Job Profile

Post	Job profile
Generalist	·         Underwriting ·         Claim settlements ·         Risk Assessment ·         Supervising the Assistant’s work ·         Authorization of claims ·         Verification of risk proposals

• NIACL AO Specialist Job Profile

Post	Job profile
Company Secretary or CS	·         Administration for ensuring compliance with regulatory and statutory requirements. ·         Ensuring the implementation of the decisions of the board of directors.
Legal Officer	·         Handling the legal affairs of the Company. ·         Preparation of legal documents for many processes. ·         Providing assistance in the legal issues of the Company. ·         Monitoring the errors and maintaining the authenticity of the documents (Contracts and Agreements of the Company).
Finance and Accounts Officer	·         Managing the financial bookkeeping of the Company. ·         Resolving the billing issues of the company. ·         Sending bills to their customers, processing the refunds. ·         Helping in the preparation of budgets as well as managing receipts and records of the Company. ·         Reconciling the daily, monthly as well as yearly transactions and preparation of the balance sheet.

 NIACL AO Salary 2021 – Probation and Career Growth

Probation

• The candidate recruited for the AO position has to be on a probation period of one year, starting from the day of joining the duty.
• Before the probation period begins, an undertaking is to be submitted by the recruited candidate, to serve the Company for at least four years. This includes the probation period as well.
• For the confirmation of his or her service in the company, the candidates have to clear the Non-Life Licentiate Examination, conducted by the Insurance Institute of India, during the probation period.
• The promotion of any employee depends on different factors like performance in the internal exams, seniority, certificate courses, etc.

Promotion

• NIACL AO or Administrative Officer are eligible for getting promoted after 3 years of service to the post of Scale II Officer. For this, the AO has to clear the internal exams regulated by the company.
• Apart from that, regular promotions take place after 5 years of service, based on the seniority of the employee.
• For further promotions, officers are eligible after every 3 years. With the increasing posts, officers are entitled to enjoy many benefits.

NIACL AO Salary 2021 – Perks and Allowances

Apart from good pay, NIACL employees are entitled to enjoy the following perks and allowances, mentioned below:

• House Rent Allowance
• Dearness Allowance
• Transport Allowance
• City Compensatory Allowance
• NIACL AO employees are reimbursed for the vehicle (official purpose), book grant, briefcase, newspaper, allowance for furnishing the residence, etc.
• Loans and Advances are granted to the employees of NIACL at concessional interest rates for housing, education, car, personal computer, and consumer articles.
• NIACL employees get reimbursement of medical expenses for hospitalization or OPS treatment, as per the eligibility. They also get dispensary facilities.
• Postings for NIACL AO can get posted to any branch of NIACL, all over India. Women employees have the advantage of getting the posting of their choice.
• Even the working hours are from 9.30 A.M. to 5.30 P.M. for 5 days a week.

 NIACL Exam Preparation

To get recruited for the post of NIACL AO, candidates have to clear the NIACL AO Exam. NAICL AO Exam has 2 main stages – Prelims and Mains. Both the stages are divided into various sections.

While Prelims is an Objective type exam with a time limit of one hour, Mains is both Objective and Descriptive type, with the time limit of 2 hours and 30 minutes, respectively.

To clear this exam a good preparation strategy is required. The following points mentioned below can help the candidates in preparing for the NIACL AO Exam.

• Know about the exam:

Knowing all about the exam is the first thing you need to know before you begin with your preparation. This means you have to know about all the details like eligibility criteria, exam syllabus, exam pattern and timeline.

After this, go through the previous year question papers and identify the exam pattern. Go through different articles, related to the NIACL AO examination and get the required information.

• Specialization:

There is a section in the NIACL AO (specialist) exam where candidates are asked questions related to their professional qualifications. The candidates must be specific about the specialization they chose.

• Following a timetable:

Make a timetable and make sure to follow it all the time. You should allot time to different subjects according to the difficulty of the subject, as well as your understanding of it. Apart from making notes, assign time for revision as well.

• Mock-test is a big yes:

Start giving mock tests, to increase your efficiency. Perform the test just like an actual exam and check out your weaknesses and strengths. Brush up on the concepts which you might have missed. This will help you in time and anxiety management during your actual exam.

For any query regarding the NIACL AO Exam, ask in the comment box. 

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