The New India Assurance Company Limited releases the notification for NIACL Assistant, including major details like Job Profile and Salary structure of the NIACL AO. The aspiring candidates opting for the NIACL AO post must know the Job Profile and Salary before applying. The candidates clearing the Preliminary, Mains and the Regional Language Test have to go through a probation period of 1 year. After the completion of it, they are appointed as NIACL AO, where they receive the basic pay of Rs. 32,795 and other allowances.
Candidates must fulfil the required eligibility criteria of the NIACL AO post or else their candidature will be cancelled at any stage of the selection process. In this article, we have discussed detailed information about the NIACL AO Salary structure along with the Job Profile, major allowances, probation period and career growth.

NIACL AO 2021 Salary Structure

The basic pay along with the major perks and allowances provided to the NIACL AO has been listed below in the Salary Structure.
Basic Pay Rs. 32,795
Pay Scale  Rs.  32,795-1610(14)-55335-1745(4)-62315 
  • House Rent Allowances
  • Medical Benefits
  • Leave Fare Concession
  • Dearness Allowances
 In hand salary  Rs. 60,000 (approx)

NIACL AO 2021 Job Profile

The canddiates after joining NIACL as AO will be subjected to perform the following set of duties:
  • NIACL AO is the first level Officer and has to handle administrative and authoritative work.
  • Their main job is to check the insurance policies, authorizing the insurance claims and filling the official returns.
  • The job profile for both the Administrative officers and the specialised officers differs. The finance and accounts officers have to deal with managing the financial bookkeeping of the company, preparation of the budgets, managing receipts and records of the company.
  • For the legal officer, their main job profile is to handle the legal affairs of the company and manage the agreement and contract.
  • The company secretary of the department is responsible for compiling statutory and regulatory requirements.
Attempt NIACL AO 2021 Preliminary Mock Test here!

NIACL AO 2021 Training and Probation Period

The candidates successful in the Preliminary, Mains and the Regional Language test of NIACL AO examination have to undergo a probation period of 1 year from the joining date. The candidates selected for the NIACL AO post have to submit an undertaking to serve NIACL for a minimum period of 4 years including the probation period. Upon the completion of their probation period, the candidates will be liable to receive the basic pay along with the major perks and allowances included in the salary package.
The candidates who are not able to complete their probation period due to any reason or poor performance, their probation period is either extended or their candidature is cancelled. The decision is up to the higher authority of the company.
The candidates will have to be successful in the Non-Life Licentiate examination conducted by the Insurance Institute of India to confirm their service of AO in the company. 
Click here to attempt the NIACL AO Reasoning Topic-wise tests!

NIACL AO 2021 Promotion Prospects

Along with the basic pay and allowances the candidates have the opportunity to seek promotion to the higher authorities in the NIACL. The candidates are benefited from the career growth and promotion opportunities in the department, for this the candidates are required to perform well in the internal examinations. 
The candidates will have to work under the NIACL for a minimum period of 3 years to be eligible for the departmental examinations and the candidates successful in the internal examination are promoted to the Scale 2 officer.  Apart from this, the candidates serving for the department for a period of 5 years are promoted to the higher level based on their seniority.

NIACL AO Job profile and salary FAQs

Q 1: How much does a NIACL AO make per month?
Ans.:  An NIACL AO makes at least Rs 62,000 to Rs 64,000 per month after joining the service.
Q 2:What is the basic salary of a NIACL AO?
A 2: The basic salary of a NIACL AO is Rs. Rs. 32,795 per month. Along with this, they are paid a lot of allowances and perks.
Q 3:Which is the minimum pay scale for a NIACL AO?
A 3: The minimum pay scale for a NIACL AO is a pay scale of 32,795-1610(14)-55335-1745(4)-62315.
Q 4:Do you get a salary after the NIACL AO exam?
A 4: No salary is only received once the candidate joins the department as a NIACL AO.
Q5: Is there any career growth for the NIACL AO?
A 5: Yes, the candidates can appear in the internal exam and seek promotions to the higher posts in NIACL.

Team Smartkeeda