New India Assurance Co. Limited (NIACL) released a recruitment notification for the posts of Administrative Officer on the official website.
Inviting applications from eligible Indian Citizens for the Post of Administrative Officers in NIACL.
Earlier, the company released an advertisement on “The Times of India” E-Newspaper during the month of December.
Interested and eligible candidates are advised to apply for the Recruitment on or before the last date.
Name of the Post: Administrative Officer
Gross Emoluments: Rs. 58,000/- p.m. Approximately in Metros
| Post | Vacancy |
| Company Secretary | 2 |
| Legal | 30 |
| Finance & Accounts | 35 |
| Generalist | 245 |
| Total | 312 |
Basic pay of Rs. 32,795/- in the scale of Rs. 32795-1610(14)-55335-1745(4)- 62315 and other admissible allowance as applicable. Total emoluments will be approximately Rs.51,000/- p.m. in Metropolitan Centers.
Other benefits such as coverage under National Pension System governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. shall be as per rules.
The Officers are also entitled for Company’s / leased accommodation as per norms. The salary scales are due for revision w.e.f Aug 2017.
One Year from the Date of Joining the duty.
A candidate appointed in the Officers’ cadre on regular pay rolls of the Company shall be on probation for a period of one year from the date of joining the duty. The probation period may be extended twice by a further period of six months at a time stretching up to one year.
During the probation period the Officers would be required to pass the non-life Licentiate Examination conducted by Insurance Institute of India. Only after passing the said examination the Officer will be eligible for confirmation of his/her services in the Company.
Failure to pass the said Examination within the extended probation period will render the officer liable to be terminated from service on expiry of the period so specified.
The Company reserves the right to terminate t h e services of the candidate if found unsuitable at any time during the probation period or the extended probation period without any notice or assigning any reason thereof.
Before joining as probationer, the selected candidates will be required to give an undertaking to serve the Company for a minimum period of four years including probation period. In the event of their resigning from the Company before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the length of service rendered.
Besides, he/she will have to submit a stamped Bond duly executed by two sureties (not blood relatives) of sound financial standing for an amount equivalent to one year’s gross salary.
Candidates resigning from the Company during the probation period and candidates whose services are terminated by the Company during the probation period shall be liable to pay the salary received by them during their entire service in the Company in addition to an amount of Rs.25,000/- towards partial cost of training.
No lien/bond executed to retain a substantive post with present employer will be binding upon the Company and no Leave Salary or Pension Contribution will be made.
Online Registration & Payment of Application Fees – 10th – 26th December 2018 (Both Dates Inclusive)
Phase-I Online Examination (Objective) – 30th January 2019
Phase – II Online Examination (Objective + Descriptive) – 2nd March 2019
Minimum Age: 21 years
Maximum Age: 30 years
The age limit will be considered as on the Notification Date.
The Educational qualification of the aspirants will be considered as on the Notification Date. Candidate should possess certificate in proof of passing the qualifying examination as on the Notification date.
Generalists:
A candidate must possess the minimum qualification of a graduate/post graduate in any discipline from a recognized University or any equivalent qualification recognized as such by Central Government with at least 60% marks in either of the degree examination for General candidates and at least 55% marks for SC/ST/PwBD candidates.
Specialists:
A candidate must possess the minimum qualification as follows. The qualification should be from a recognized University or any equivalent qualification recognized as such by Central Government
Company Secretary:
ACS/FCS from ICSI and Graduation/Post-graduation in any discipline with min 60%
Legal
Graduate/Post-graduate in Law with min 60% (55% for SC/ST/PwBD)
Finance & Accounts
Chartered Accountant (ICAI) and Graduation/Post-graduation in any discipline with min 60% (55% for SC/ST/PwBD) Or
Cost and Management Accountant (The Institute of Cost Accountants of India, earlier known as ICWAI) and Graduation/Post-graduation in any discipline with min 60% (55% for SC/ST/PwBD) Or
MBA Finance/PGDM FINANCE* with min 60% (55% for SC/ST/PwBD) Or
M.COM with min 60% (55% for SC/ST/PwBD)
* MBA/PGDM Finance candidates must furnish certificate from university confirming their specialization in finance at the time of interview, failing which they will not be allowed to appear for the interview.
Selection of the candidates will be made based on Written Examinations (consisting Prelims, Mains & Descriptive) followed by the Personal Interview.
Phase I – Online Prelims Exam
Phase II – Online Mains Exam & Descriptive Exam
Phase III – Interview
NIACL AO Prelims Exam Pattern
Preliminary Examination consisting of Objective Tests for 100 marks will be conducted online. This would consist of 3 sections as follows:
| Name of Test/Section (not in sequence) | Type of test | Max. Marks | Duration for each test/section (Separately timed) | Version | |
| 1 | English Language | Objective | 30 | 20 mins | English |
| 2 | Reasoning Ability | Objective | 35 | 20 mins | Eng/Hindi |
| 3 | Quantitative Aptitude | Objective | 35 | 20 mins | Eng/Hindi |
| Total | 100 |
Candidates have to qualify in each test/section by securing passing marks to be decided by the Company. Adequate number of candidates in each category as decided by the Company (approximately 15 times the numbers of vacancies subject to availability) will be shortlisted for the Main Examination.
NIACL AO Mains Exam Pattern
Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 marks. Both the Objective and Descriptive Tests will be online. Candidates will have to answer Descriptive Test by typing on the computer. Immediately after completion of Objective Test, Descriptive Test will be administered.
(I) Objective Test: The Objective Test of 2 hours duration will be as follows:
NIACL AO GENERALISTS Category – Mains Exam Pattern
| Name of Test (not in sequence) | Type of test | Maximum Marks | Medium of Exam | Duration | |
| 1 | Test of Reasoning | Objective | 50 | Eng/ Hindi | 120 mins |
| 2 | Test of English Language | Objective | 50 | Eng | |
| 3 | Test of General Awareness | Objective | 50 | Eng/ Hindi | |
| 4 | Test of Quantitative Aptitude | Objective | 50 | Eng/ Hindi | |
| Total (Aggregate) | 200 |
NIACL AO SPECIALISTS Category – Mains Exam Pattern
| Name of Test (not in sequence) | Type of test | Maximum Marks | Medium of Exam | Duration | |
| 1 | Test of Reasoning | Objective | 40 | Eng/ Hindi | 120 mins |
| 2 | Test of English Language | Objective | 40 | Eng | |
| 3 | Test of General Awareness | Objective | 40 | Eng/ Hindi | |
| 4 | Test of Quantitative Aptitude | Objective | 40 | Eng/ Hindi | |
| 5 | In Specialist stream, an additional test to assess technical & professional knowledge in the relevant discipline | Objective | 40 | Eng/ Hindi | |
| Total (Aggregate) | 200 |
NIACL AO – Descriptive Test:
The Descriptive Test of 30 minutes duration with 30 marks will be a Test of English Language (Letter Writing-10marks & Essay-20 marks). The descriptive test will be in English and will be conducted through on-line.
Each candidate will be required to obtain a minimum score for each section of objective test separately for short listing for the Descriptive test evaluation/Interview. Descriptive answer script would be evaluated only in respect of those candidates who qualify the objective test. Depending on the number of vacancies available, cut offs will be decided for Descriptive paper evaluation
SC/ST/PwBD – Rs.100/- (Intimation Charges Only)
All Candidates other than SC/ST/PwBD – Rs.600/- (Application Fee including intimation Charges)
*The transaction charge, if applicable, is to be borne by the candidate.
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