NIACL Assistant Salary, Job Profile & Description


Notification for much-awaited insurance exam i.e The New India Assurance Company Limited (NIACL), has released and the application for the same has started. 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.

NIACL job description, salary, career path details :

> Once you are posted in NIACL assistant, you may be liable to undertake the data entry at the initial stage and issuing policies.
> NIACL assistant will be responsible for assisting administrative officers.
> There will be no public dealing
> It includes three major task-

  1. Underwriting: Issuing policies, retrieving and gathering financial data
  2. Claims: It may include all legal and non-legal aspects.
  3. Accounts: Preparing of the balance sheet, payments, and other related accounting transactions.
As per the official notification, Selected candidates will be on probation period of minimum 6 months. Before it comes to an end, the performance of each employee will be evaluated and if any of the employees fail to meet the company’s requirement then the period may get extended as required.
Candidates resigning from the Company during the probationary period and candidates whose services are terminated by the Company during the probationary period shall be liable to pay the amount equivalent to the salary paid and an amount of Rs. 25,000/· towards the partial cost of training. 

Employees will be entitled to get the basic pay of 23500/- pm in the scale of 14435-840 (1 )-15275-915 (2)-17105-1030 (5)-22255-1195 (2)-24645-1455 (3)-2901 0-1510 (2)-32030-161 0 (5)-40080. Other benefits may depend upon the place of posting. Apart from allowances, an employee will be entitled to get other benefits like:

  • Lump sum domiciliary medical benefit
  • Membership of group medical-claim policy for reimbursement of hospitalization expenses
  • Leave travel subsidy and other staff welfare schemes
As the preliminary examination is scheduled to be held on 8th and 9th September 2018 you still have good enough time if you prepare the way. Now, the ball is in your court and get best of both the worlds. Put your best to your preparation to cut the mustard. Work hard and success will be yours in no time. ALL THE BEST!!

You may also like to read: