New India Assurance Company Limited conducts NIACL AO Recruitment Exam to recruit eligible and interested candidates to the post of Assistant Officers. Candidates who are aspiring to appear for NIACL AO Exam should know all the details about the recruitment such as eligibility criteria, exam pattern, syllabus and so on. NIACL AO is paid a handsome amount of salary along with various allowances and benefits that AO is entitled to receive. Candidates should know about NIACL AO salary anf job profile details to understand the nature of the profession better. Read this article to know all about NIACL AO salary and other details. If you are preparing for competitive exams and are looking for expert guidance, you can check out our monthly FREE Current Affairs E-book- Download Now
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NIACL AO Salary 2021
The payscale of NIACL AO is Rs 32,795-1610(14)-55335-1745 (4)- 62315 which implies that the starting salary is Rs. 32,795 and there is an annual increment of Rs.1610 for 14 years from the date of recruitment. After that the salary is Rs. 55,335 with annual increments of Rs.1745 for the next four years, leading to the final salary amounting to Rs.62,315. The basic pay is Rs. 32,795. NIACL AO annual salary is approxamately Rs 6,00,000 to Rs 6,50,000. The in-hand salary is Rs. 60,0000 (approximately). The salary structure is as follows:
||Rs 32,795-1610(14)-55335-1745 (4)- 62315
||Rs 6,00,000 to Rs 6,50,000
NIACL AO Allowances and Benefits
Along with a handsome amount of salary, there are various allowances and benefits that NIACL AO receives. Some of them are as follows:
- House Rent Allowances
- Dearness Allowances
- Medical Benefits
- Leave Fare Concessions
- City Compensatory Allowances
- Travelling Allowances
- Group Personal Accident Insurance
- Other Allowances, etc
NIACL AO Job Profile
Candidates who are selected to the post of NIACL AO have to serve a probation period of one year. The selected AO will be required to submit an undertaking to serve NIACL for a minimum period of 4 years including the probation period. After the completion of the probation period, they become eligible to receive all the benefits and allowances along with the basic pay. There are various roles and responsibilities that a Administrative Officer in NIACL has to fulfill. The job profile of NIACL AO includes the following:
- Reviewing policies
- Checking Clauses
- Administrative Work
- Settling Insurance Claims
- Verifying the risk proposals
- Submitting official returns
NIACL AO Career Growth
There are internal exam conducted to promote officers. The performance in the job and in the exams are considered while promoting the officers. There are ample opportunities for career growth in NIACL. NIACL AO is eligible for promotion after three years of service. To avail this promotion they will have to appear for internal exams. Other than this, NIACL AO is eligible for promotion after 5 years of service through seniority. Officers' salary and allowances are increased in accordance with the promotions.
NIACL AO Salary FAQs
Q. What is the basic salary of NIACL AO?
A. The basic salary of NIACL AO is Rs 32,795.
Q. Is there a probation period for NIACL AO?
A. Yes, NIACL AO has to serve a probation period of one year.
Q. Are there opportunities of promotion for NIACL AO?
A. Yes, there are opportunties of promotion for NIACL AO.
Q. What is the in-hand salary of NIACL AO?
A. The in-hand salary of NIACL AO is Rs. 60,000.
Q. What is the annual salary of NIACL AO?
A. The annual salary of NIACL AO is Rs 6,00,000 to Rs 6,50,000