NIACL AO: A dream job for any aspirant

In this blog today, PracticeMock is going to cover a detailed analysis of NIACL Administrative Officer (Generalist) job. The job of an AO working at NIACL AO is highly reputable. The job is lucrative in terms of salary and career growth. The official notification is now out and interested aspirants can register for the exam.

Here are the following parameters included for the job analysis:

1. Job Profile
2. Salary Structure
3. Career Growth
4. Posting/Transfer Policy
5. Bond Signing

NIACL AO – A Basic Overview

CATEGORY:	NIACL AO
JOB PROFILE	Client Interaction, Auditing and Analysing and Policy Making
POSTING	Urban
PROMOTIONS	After 5-8 years
TRANSFER	After 3-5 years
EXAMINATION TYPE	Online: Prelims + Main
BOND	4 years Bond

NIACL AO Exam Pattern 2021

Phase-1 – Prelims Exam Pattern  

Subject	Marks	Time	Medium
English Language	30	20 Minutes	English
Reasoning	35	20 Minutes	English & Hindi
Quantitative Aptitude	35	20 Minutes	English & Hindi
Total	100	60 Minutes

Phase-2 Exam Pattern – Mains  

Subject	No. of Ques.  / Max Marks	Time	Medium	Type
Test of English Language	50	120 Mins	English	Objective
Test of Reasoning	50	English & Hindi	Objective
Test of General Awareness	50	English & Hindi	Objective
Test of Quantitative Aptitude	50	English & Hindi	Objective
Total	200

The NIACL AO’s exam pattern is conventional and there is nothing new to it. It can be a challenge for you if this is the first time you are competing for a competitive exam but for a seasoned aspirant this is nothing new. However, the level of difficulty is what would differ.

NIACL AO Salary – Package of 7,20,000 PA

“Basic pay of Rs. 32,795/- on the scale of Rs. 32795-1610(14)-55335-1745(4)- 62315 and other admissible allowance as applicable. Gross emoluments will be approximately Rs. 60,000/- 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 to Company’s / leased accommodation as per norms. The salary scales are due for revision w.e.f Aug 2017.”  

Eligibility Criteria

Age Limit 

As on April 1, 2021 

• Min: 21 years
• Max: 30 years

Age Relaxation: 

• SC/ ST: 5 years
• OBC (Non-Creamy Layer): 3 years

Educational Qualification 

Graduate/post graduate in any discipline from a recognised University or any equivalent qualification recognised 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. 

A fresher to post graduate to a person who has been in a job; all are eligible for NIACL AO if we look at all the eligibility conditions which are to be met.

NIACL AO Career Growth Plan

• An Officers’ cadre candidate is on regular payrolls of the NIACL and will be on a probationary period of 12 months since joining the duty.
• All the AOs will have to serve the Company for a minimum period of four years before joining as a probationer. This is more like an undertaking serve period you are supposed to complete, including the probation period.
• A non-life Licentiate Examination is to be given by all the candidates, which the Insurance Institute of India conducts. It is only after passing the mentioned examination the AO is eligible for confirmation of their services in the Company. The exam is given during the probationary period.
• Internal exams, certificate courses, seniority, etc., would strongly determine the AO’s promotion and career growth. You can expect to be upgraded as the scale II officer soon enough once you clear such an internal exam. The general period in the job for becoming a scale-II officer is three years.
• But otherwise, regular promotions in NIACL need at least five years of work. We can assume it has more to do with seniority.
• Further from here, you can expect promotions at the interval of every three years. You will have a raise in your perks and basic salary as well.
• Every five years, the employees of NIACL can expect a wage revision as per the guidelines.
• As AOs, you should not expect any paid leaves or even unpaid leaves for studies, etc. It is a full-time job and should be treated like one. Everything else you wish to do will have to be done in your personal capacity.

NIACL AO Transfer Policy

Transfers at NIACL happen every 3 to 5 years. 

Conclusion

NIACL AO is a job which you wouldn’t want to miss out on. What you might feel about the job once you start working but if you make yourself capable enough to crack a tough exam like NIACL then who knows you may crack RBI Grade B and other elite exams as well. So, it’s a win-win.

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