NIACL AO 2018 Salary and Work Profile


NIACL AO Salary, Job Profile & Career Growth

Notification for much-awaited insurance exam i.e The New India Assurance Company Limited (NIACL) AO, has released and the application for the same will start from 10th of December. This is the best opportunity if you are seeking a career in the insurance sector and you must prepare the ground. But before proceeding to something, you should know about its career prospects, salary structure, work culture and other details. This article will motivate you to be on the crest of the wave.

Overview of the NIACL AO vacancy and registration details:

Generalist and specialist
Specialist followed by three posts

  •       Company secretary
  •            Legal
  •            Finance and accounts

Total vacancy
Number of phases
Prelims, mains followed by a descriptive  and
interview (for both)
Application starting date
10th December 2018
Last date to apply
26th December 2018
Date of prelims exam
30th January 2019
Date of mains exam
2nd March 2019
Will be announced by the organization itself

Salary and other benefits

Employees will be entitled to get 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 like gratuity, medical benefits, LTS etc. will depend on the place of posting. 
NOTE: 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.

NIACL AO Work profile (for the post of generalist)
  • employee under NIACL AO, Is liable for claim settlements, underwriting, risk assessment and supervising work of assistant.
  • They are also responsible for risk proposals and authorization of claims.
  • You can be posted anywhere across India, as per the choice of the company.
  • You will have to serve probation period of at least one year from the date of joining the duty. The probation period may be extended twice by a further period of six months.
Note: 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.
Important note: 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.
Work profile for Company secretary
  • It involves effective administration regarding compliance with statutory and regulatory    requirement to make sure the decision of board of directors is implemented.
  • Probation period of one year will be served by the employee.
Work profile of legal officer
  • Employee will be liable to handle all the legal affairs of the company.
  • He will be liable to prepare all required legal documents as per the requirement of the company.
  • Rectifying the error and keeping the authenticity will be the responsibility of the employee

Work profile of finance and accounts officer
  • It involves book keeping of the company.
  • Looking after the bill issues of the company.
  • Checking and rectifying daily, monthly and yearly balance sheets and maintain records of the     profit and loss of the company.
  • Helping in making of budgets and yearly statements of the company.
As the preliminary examination is to be held in the month of January you have pretty time to prepare for this opportunity. Now the ball is in your court get the best of both the worlds. Work hard, be confident. ALL THE BEST..!!