NIACL AO Salary 2022: In-Hand Salary, Job Profile

NIACL AO Salary 2022: In-Hand Salary, Job Profile

ByJyoti Bisht  |  Updated on: Jun 14, 2022
The candidates must be well versed with the NIACL AO salary structure 2022 and the details pertaining to it. We have facilitated the details about the basic pay, in-hand salary, job profile etc
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The candidates must be conversant with the NIACL AO salary 2022 and the details pertaining to it. This will assist the candidates in analyzing their work profiles and having realistic expectations for the job. The New India Assurance Limited offers a lucrative NIACL AO salary structure to the Administrative Officers which further adds up to their fascination with the job profile.

The candidates can get detailed knowledge of the NIACL AO salary 2022 and its related components. You must be wholly cognizant of the NIACL AO job profile to trace the path of your career and get well-versed with the upcoming roles and responsibilities. They are provided with a myriad of growth opportunities that will help you to have a prospering and shining future. 

We have facilitated the complete details of the NIACL AO salary such as basic pay, in-hand salary, job profile, career growth, gross pay etc. Read the entire post to unfold all the pertinent details associated with it.

NIACL AO Salary 2022

NIACL AO salary is one of the most searched topics by candidates who are preparing for the NIACL AO exam. It is one of the major reasons for the attraction by the candidates appearing in big numbers. Along with a highly lucrative salary of the NIACL AO they are also entitled to numerous emoluments and perks that add to the attraction of their job profile.

NIACL AO job is a great opportunity for candidates who are looking for a stable and growing career. The candidates who are looking forward to a career in the insurance sector, theNew India Assurance Corporation of India brings forth an exceptional opportunity. You can gather the detailed knowledge about the NIACL AO salary structure 2022 and kickstart your preparations effectively.

NIACL AO Salary Structure 2022

The candidates can get complete knowledge of the NIACL AO salary structure and get a crystal clear picture of the job profile. We have presented the entire information such as pay scale, basic pay, gross pay, CTC etc. You can take a look at the table presented herewith to gain complete knowledge centering on the NIACL AO salary structure and other details. 

SalaryDetails
NIACL AO pay scale

₹ 32795-1610(14)-55335-1745(4)-62315

NIACL AO basic pay₹ 32795
NIACL AO gross salary₹ 51000/- per month
NIACL AO CTC [Excluding housing/quarters]₹ 650000/-

NIACL AO In-Hand Salary 2022

The candidates can get complete knowledge of the NIACL AO in hand salary details and other pertinents centering on it. The Administrative Officers receive NIACL AO salary of approximately ₹ 51000/- per month. The lucrative and handsome salary package fuels motivation in the candidates. You must be in possession of all the details of the exam before head-starting your preparations effectively.

NIACL AO Salary Slip

The NIACL AO salary slip has been presented here which comprises all the details of the exam. The salary slip contains all the basic details such as gross pay, total pay, net pay, deductions etc. It provides a complete information handout to the candidates about their salary and the related deductions and allowances.

NIACL AO Allowances 2022

Along with a lucrative NIACL AO salary structure 2022, the candidates are also entitled to receiving numerous allowances. The perks and allowances cumulatively add to the fascination of the candidates and make the job profile even more attractive. You can get the details of the allowances as mentioned herewith to gather complete knowledge of the same.

  • Apart from this, AOs are eligible for many allowances which are Dearness Allowance, House Rent Allowance, Transport Allowance, City Compensatory Allowance, etc,  which are revised from time to time during settlements.
  • AOs are also eligible for reimbursements like Newspapers, briefcases, Furniture (as per eligibility), books, Group Personal Accident Insurance and LTC, etc. They are also eligible for reimbursements of medical charges as per eligibility.
  • For Housing, vehicles, Computers, etc., AO's are eligible to get loans and advances at a much cheaper rate AOs.
  • AO's are covered by the NPS scheme by NSDL and have the benefit of gratuity.
  • AO's are also provided accommodation facility as per the availability in posting location.

NIACL AO Salary Increments

The Administrative Officers are provided with increments in the salary of NIACL AO. This adds up to the attraction of the job. They receive increments at frequent intervals. The candidates can get detailed knowledge of the exam. The NIACL AO salary gets added up and witnesses a surge along with increments. Get complete knowledge of the NIACL AO salary increments to gain the complete knowledge.

  • After one year, an AO is eligible for an increment of ₹ 1610.
  • Similarly, the AO will get 14 such increments. When the basic pay reaches ₹ 55335, he/she will be eligible for the increment of ₹ 1745 for the next 4 years till his/her salary reaches ₹ 62315.
  • Apart from this, AOs are eligible for many allowances which are Dearness Allowance, House Rent Allowance, Transport Allowance, City Compensatory Allowance, etc,  which are revised from time to time during settlements.
  • AOs are also eligible for reimbursements like Newspapers, briefcases, Furniture (as per eligibility), books, Group Personal Accident Insurance and LTC, etc. They are also eligible for reimbursements of medical charges as per eligibility.
  • For Housing, vehicles, Computers, etc., AO's are eligible to get loans and advances at a much cheaper rate AOs.
  • AO's are covered by the NPS scheme by NSDL and have the benefit of gratuity.
  • AO's are also provided accommodation facility as per the availability in posting location.

NIACL AO Job Profile 2022

Let's check out the NIACL AO job profile along with different posts offered by New India Assurance Company Limited. However, last year only generalist vacancies are rolled out by NIACL. The candidates must be conversant with the NIACL AO job profile, this will assist them in analyzing and examining their upcoming roles and responsibilities. You will be able to strengthen your skills accordingly and examine whether you are an impeccable fit for the job or not. Along with a highly lucrative NIACL AO salary, their job profile is highly reputed which is another reason for attracting the candidates and hence enhancing the competition level of the exam.

NIACL AO Job Profile For Generalist Post:

Take a look at the detailed knowledge of the Generalist post, and their roles and responsibilities. You can develop these skills and nurture talent to get on the path of accomplishing your dreams.

  • The nature of work of a NIACL AO involves administrative/authoritative work. He/She acts as the First entry-level officer.
  • The job profile of NIACL AO includes the work of overseeing the issuance of insurance policies, settling insurance claims, etc.
  • An administrative officer is also responsible for the handling of policymaking, checking clauses and details, verify the risk proposals and authorization of claims, filing official returns as well as statements to higher regional offices.
  • We have shared below Job Profile for other profiles :

NIACL AO Job Profile of Finance & Accounts Officer:

Get in touch with the NIACL AO job profile of the Finance and Accounts Officer, you can gather complete details pertaining to this and analyze the job profile and the tasks pursued by the Finance and Accounts Officer.

  • Resolving billing issues of the company.
  • Management of the financial bookkeeping of the company.
  • Sending bills to its customers, processing refunds, interacting with collection agencies on past-due accounts, etc.
  • Assisting in the preparation of budgets and managing records and receipts of the Company.
  • Reconciling daily, monthly and yearly transactions and preparing balance sheets.

NIACL AO Job Profile of Legal Officer:

The legal Officer takes care of the legal aspects. You can get the complete details of the job profile of the legal officers and the details pertaining to it.

  • Handling of all the legal affairs of the Company.
  • To prepare legal documents for various processes and provide assistance in the legal issues of the Company.
  • Monitoring the errors and keeping the authenticity of the documents i.e. Agreements and Contracts of the Company.

Job Profile of Company Secretary or CS:

Take a look at the elucidated NIACL AO job profile of the Company Secretary, and the information centering on it.

  • To ensure compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

NIACL AO Posting Locations and Office Timings

Get knowledge about the working locations and office timings as illustrated herewith. Get in touch with the complete details of the posts and the locations mentioned here.

  • A NIACL AO can be posted anywhere in India as per the vacancies and requirements of the organization.
  • Transfers in NIACL usually take place after completing three years of service.
  • Generalist officers can be posted anywhere across India.
  • However Specialist officer has the advantage of getting posted in Big cities of India.
     
  • Postings are all over India. Specialists are generally posted in Cities and Lady officers get a choice of Posting.
  • Office Timings –  09:30 A.M to 05:30 PM. 5 Days a Week. Saturday-Sunday Off.

NIACL AO Career Growth 2022

The New India Assurance Company Limited brings forth enormous opportunities for stepping up and achieving success in this field. Get in touch with all the details of the growth opportunities before kickstarting your preparation.  After getting enlightened knowledge about the NIACL AO  salary, you can track the level of progress that can be achieved by you if you get recruited as an Administrative Officer. 

  • The selected candidates are required to give the undertaking to serve NIACL for a minimum period of 4 years including the probation period.
  • AO's are required to pass the non-life Licentiate Examination which is conducted by the Insurance Institute of India. He/she is required to pass the exam to confirm his service of AO in the company.
  • Normal promotion in the organization requires a minimum of 5 years and is based on seniority.
  • Fast-track promotion options are also available by clearing some insurance exams. Through this, an AO can get a promotion after a minimum period of 3 years.
  • There is no sabbatical leave but if an AO plans to study and wants to take unpaid leaves then it is not allowed.
  • To do further studies, AO needs to resign from the NIACL.

Comparison of NIACL AO with Bank PO

Mark the differences in the work profile of the AO to PO, and then proceed in deciding your career. Get in touch with the points mentioned herewith to gain complete cognizance of the work profile.

  • The AO has still a defined work profile compared with a bank PO. An officer in a bank is expected to do everything, let it be a clerical, cashier, or any work that is entrusted upon him.
  • The work pressure is more on a bank PO as compared to a NIACL AO.
  • The probation in most of the banks is 2 years and it is 1 year for AO. The perks and benefits are good in both jobs.
  • New  India Insurance Company Limited is a 5-day working job, i.e. weekends are off. Whereas in PO, only alternate weekends are off.
  • It is expected that in this settlement of the bank's wage revision, the banks will also get all weekends off, however, it is still an expectation.
  • AOs have fixed timing and the job is less transferable. However, POs or any other Officers in the bank have no defined timings (even the RTI to RBI revealed this).
  • The job of a PO is more transferrable and banks are also located in remote places, unlike New India Insurance Company Limited offices. Also, there are more chances of rural postings in PO than in AO.
  • The life of AO is much more peaceful than a PO however, promotion chances of AO are lesser in comparison with PO. There is a bond period of 4 years in the case of AO and generally 2 years in the case of a PO.
  • So all in all, the NIACL AO job is suitable for those people who want a secure, comfortable and easy life.

Related Links:

NIACL AO Vacancy NIACL AO Eligibility Criteria
NIACL AO Exam PatternNIACL AO Syllabus PDF
NIACL AO Cut OffNIACL AO Question Papers PDF Download
NIACL AO Mock TestNIACL AO Online Coaching

Good Luck!

NIACL AO Salary FAQs

  • You can get the complete details of the NIACL AO salary 2022 has been presented here. The candidates can get complete knowledge of the NIACL AO salary to get a crystal clear picture of the work profile and you will be able to have realistic expectations to the job. The basic pay is of Rs. 32,795 and the monthly pay is of Rs 51,000. They are entitled to numerous emoluments and allowances. They also receive increments at regular intervals.

  • The monthly salary of NIACL AO is ₹ 51000/- per month. The New India Assurance Company Limited offers lucrative salary structure to the Administrative Officers. You can gain insights into the salary structure and other components pertaining to it.

  • The lucrative NIACL AO salary along with numerous perks and allowances makes their job profile even more attractive. There are several perks and allowances in NIACL salary such as Dearness Allowance, House Rent Allowance, Transport Allowance, City Compensatory Allowance, etc, which are revised from time to time during settlements.

  • You must be wholly cognizant of all the parameters centering on the NIACL AO job profile before kickstarting your preparations effectively for the upcoming events. NIACL is a 100% government-owned insurance company, so NIACL AO is considered to be a government job.

  • The candidates must be conversant with the NIACL AO job profile to track their upcoming roles and responsibilities and strengthen their skills accordingly. Along with a handsome NIACL AO salary their job profile is highly reputed.  An administrative Officer is similar to that of a Probationary Officer. The NIACL AO job profile for the Generalist post is centered mainly on authoritative and administrative tasks. The job profile of the Finance and Accounts Officer is centered on the financial bookkeeping of the company. The job profile of the legal officer is to take into consideration all the legal aspects. The job profile of the Company Secretary is to assess the compliance with statutory and regulatory requirememts 

  • The candidates getting recruited as Administrative Officers will be receiving increments on the salary of the NIACL AO, henceforth it witnesses a surge. They get the incentive of Rs. 1610, after one year, and similarly receive 14 increments like that. When the basic pay reaches  Rs. 55335 they will be eligible for the increment of Rs. 1745 for the next 4 years. Along with a lucrative salary structure, they are also entitled to numerous emoluments.

  • The New India Assurance Corporation Limited offers a myriad of growth opportunities to the candidates. You can trace the path of your career. The candidates will have to sign the undertaking of serving the firm for 4 years inclusive of the probation period. They need to pass a Non-Life Licentiate examination to confirm their service as Administrative Officer. Normal promotion requires 5 years and is also based on seniority.

  • You can gain complete knowledge of the NIACL AO in hand salary to have a detailed view of the job profile and work associated with it. The NIACL AO salary in hand is ₹ 51000/- per month. The highly lucrative NIACL AO salary makes the job profile attractive.

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