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NIACL AO Work Profile 2021: Know Job Profile And Salary Structure

Safalta Expert Published by: Deepesh Mehra Updated Fri, 10 Sep 2021 10:07 PM IST

Highlights

Check out NIACL AO Work Profile here with Safalta. Know Job Profile And Salary Structure.
New India Assurance Company Limited has released the official notification for the recruitment of eligible and interested candidates to the post of Assistant Officers (AO). A total of 300 vacancies have been announced. Candidates who are aspiring to appear for NIACL AO Exam should know all the details about the recruitment and post such as eligibility criteria, exam pattern, syllabus, salary, job profile, and so on. NIACL AO Work Profile is one of the most interesting and attractive aspects of the job. Also, the NIACL AO salary is a handsome amount with basic pay of Rs 32,795. Along with various allowances and benefits. Read this article to know all about NIACL AO's Work Profile 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.

NIACL AO Work Profile

Candidates who are selected for 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 an 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 is an 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 of 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. 
Source: https://timesofindia.indiatimes.com/



 

NIACL AO Salary 2021

The pay scale 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 approximately Rs 6,00,000 to Rs 6,50,000. The in-hand salary is Rs. 60,0000 (approximately). The salary structure is as follows:
Basic Pay Rs. 32,795
Payscale Rs 32,795-1610(14)-55335-1745 (4)- 62315
In-hand Salary Rs. 60,0000
Annual Salary 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
  • Gratuity
  • Group Personal Accident Insurance
  • Other Allowances, etc

NIACL AO Work Profile 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 for promotion for NIACL AO?

A. Yes, there are opportunities for 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 minimum tern needed to be served in NIACL AO?

A. NIACL AO will be required to submit an undertaking to serve NIACL for a minimum period of 4 years including the probation period.

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