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NIACL AO: Job Profile, Roles, Responsibilities Promotions, Perks & Career Growth
NIACL AO: Job Profile, Roles, Responsibilities Promotions, Perks & Career Growth
Are you still confused about the NIACL AO Job Profile 2023, salary or career growth? NIACL, being one of the biggest multinational general insurance companies in India, is a great place to join and start your career in the insurance industry. In this article, you’ll get to know all the details about the and NIACL AO Role and Responsibilities including the NIACL Promotions, Perks and Career Growth.
An Insight Into NIACL AO
As candidates and aspirants most will be confused about the NIACL AO Job Profile 2023, let us discuss the job role in detail here, the job profile of NIACL is Reviewing Insurance Policies, Checking Clauses, Settling Insurance Claims, verifying risk proposals, and submitting official returns is the NIACL AO Role and Responsibilities. NIACL administrative officers are one of the best and most respected positions in government-owned insurance companies. The NIACL AO recruitment process is completely online, which includes two phases of exams and finally a face-to-face interview to select the right candidate for the company.
Full form of NIACL
New India Assurance Company Limited
Headquarter Situated in
Administrative Officers, Generalists (Scale I )
Administrative Officers, Specialists (Scale I )
English and Hindi
21 to 30 years for the general category (excluding relaxations to other categories)
Selection Process or Phases
Phase I – Preliminary Examination (Objective)
Phase II – Mains Examination (Objective and Descriptive)
Phase III – Interview
Details Of The NIACL AO: Job Profile, Roles and Responsibilities
It is very important for prospective candidates to get a clear view of their job profile, roles, and responsibilities and most importantly about the NIACL Promotions, Perks and Career Growth in the different NIACL AO positions, which are divided into generalists and specialists.
1.NIACL AO Generalist
A NIACL AO Generalist is the starting level position in the company and has to do various administrative tasks related to insurance. A generalist has to be at least a graduate or postgraduate with at least 60% marks (for general candidates) and at least 55% marks (for SC, ST or PwBD candidates). You can also refer to the 2021 notification for administrative officers, Generalists (Scale-I) to get clarity on additional requirements and exam details.
The NIACL AO roles and responsibilities are:
- Verifying the claims that come in
- Settlements of insurance claims
- Approving the claims
- Verifying the risk associated with any client’s insurance
- Underwriting the insurance claims
- Supervising the work of an Assistant
2.NIACL AO Specialist
A NIACL AO Specialist is also a Scale I position in the company but works as a different professional in different departments as compared to the generalist, who does the regular work. Therefore, the education requirement of a specialist is also different from that of a generalist.
There are three types of AO specialists in the NIACL: Company secretary, legal officer, and finance and accounts officer. You can also refer to the 2018 notification for administrative officers, Generalists and Specialists (Scale-I) to get clarity on.
NIACL AO Eligibility Criteria And Other Exam Details
Minimum Educational Requirement
Job Roles and Responsibilities
Company Secretary (CS)
Details Of The NIACL Promotions, Perks, And Career Growth
The salary scale of the NIACL AO generalists and specialists is similar. The basic salary of a NIACL AO is ₹32,795 per month and it was last revised in August 2017. The total in-hand salary of a person living in metro cities can be around ₹60,000 per month.
As NIACL is a government company with its hands in different insurance products, it provides excellent career growth and promotions to its employees on a timely basis. The promotion of an administrative officer to Scale II depends on a number of factors, such as performance, seniority level, extra certifications, exams passed, etc.
The employee has to pass the internal exam to get a promotion to Scale II and is eligible for this position after 3 years of service. Otherwise, there will be a constant promotion cycle that takes place every 5 years.
NIACL AO Salary, Allowances, Career Growth, etc.
₹32,795 per month
Total Salary of an employee living in a metropolitan city
₹60,000 per month
Other allowances and benefits
Probation and Bond Period
4-year bond period, which includes a 1-year probationary period as well.
An employee, during his probation period, has to pass the Non-Life Licentiate Examination, which is conducted by the Insurance Institute of India, to get full-time employment with NIACL.
After 3 years of service and clearing the internal exam, or after 5 years of service.
Job positions at NIACL after the Administrative Officer
Though there has been no official announcement on the NIACL AO recruitment process for 2023. Speaking about the vacancies, NIACL AO Vacancy for the year 2023 is expected to be 300 but you should begin preparing today to get this job, which comes with so many perks and career opportunities in the insurance industry.
If you got selected for the NIACL AO Scale I position, you should definitely put your heart and soul into the job to get the maximum benefits in terms of salary, promotions and other allowances.
Frequently Asked Questions (FAQs)
1.Is NIACL a government job?
Yes, NIACL is an insurance company that is CPSU (Central Public Sector Undertaking) under the Ministry of Finance, and it definitely is a government job at different grades with the benefits and perks that come along with any government employee.
2.Is NIACL a transferable job?
Yes, NIACL jobs are transferable in India, as its offices are situated across the country. The selected candidates will be transferred after their initial 5 years of service. The transfer decisions are totally dependent on the NIACL rules and requirements.
3.What is the NIACL AO post?
NIACL AO, or Administrative Officers, is the scale I position in the NIACL, and the candidates all across India are recruited for different positions through the proper selection process, which is followed by two rounds of online testing and a final interview.
4.What happens if you resign during the probation period in a NIACL job?
The NIACL bond period is 4 years, including the 1-year probation period. If you resign from the post during the probation period or in a bond period, you have to pay NIACL one year’s gross salary received during the probation period and also an extra charge for the training period, which is ₹25,000.
5.Is the NIACL AO exam difficult?
The NIACL AO exam difficulty level ranges from moderate to easy, but it requires constant practice and learning to crack the prelims and mains examinations. You have to be ready with your English aptitude, quantitative aptitude, general awareness and reasoning ability. Also, if you are sitting for a specialist exam, you should be ready with your professional knowledge of each subject.
6.What is NIACL AO Salary 2023?
The basic pay of an Administrative Officer in NIACL is Rs.32,795 per month and the in-hand NIACL AO salary is approximately Rs.60,000 per month.
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