NIACL AO Salary 2024: The New India Assurance Company Ltd. is a popular government-owned insurance company that recruits AOs or Administrative Officers. The salary of this post is one of the prime reasons why most of the aspirants dream of cracking this exam. Many students who are attracted to this job want to know all about the salary structure of this post. The NIACL AO Administrative Officer is a Generalist Scale-I post. This job offers an attractive salary structure together with multiple perks and allowances. In this blog, we’ll delve into the details of the NIACL AO Salary 2024, job profile, and more.
NIACL AO Salary 2024 is an important factor that lures most candidates to compete for the NIACL AO exam. The New India Assurance hires Administrative Officers (Scale-I) for multiple disciplines such as Generalists, Risk Engineers, Automobile Engineers, Legal, Accounts, Health, and IT. In 2023, there were around 450 vacancies. Candidates who aim to grab the NIACL AO Salary every month, must first be eligible for the exam to appear in it and crack it. They need to Graduate/Post Graduate and aged between 21 to 30 years. Then, they will have to clear three rounds: Prelims, Mains, and an Interview. After clearing the interview round, they’ll be liable to get a robust salary of 80,000/- per month.
| Headings | Details |
| Name of Organisation | New India Assurance |
| Name of Posts | Administrative Officer (Scale-I) |
| Disciplines | Generalists, Risk Engineers, Automobile Engineers, Legal, Accounts, Health, IT |
| Total No. of Vacancies | TBA |
| Mode of Application | Online |
| Online Registration | TBA |
| Eligibility | Graduate/Post Graduate |
| Age Limit | 21 to 30 years |
| Selection Process | Prelims-Mains-Interview |
| Salary | Rs. 80,000/- per month |
| Official Website | www.newindia.co.in |
Candidates should know all about the NIACL AO In Hand Salary. The basic pay of NIACL AO Salary 2024 Scale Scale-I is Rs. 32,795/-. Plus, the employees get additional allowances with the pay scale of 32795-1610(14)-55335-1745(4)-62315. The total monthly NIACL AO Salary enjoyed by an AO or Administrative Officer (Generalist) is around Rs. 80,000 in Metropolitan cities and between Rs. 75,000 to 80,000 in other cities. In short, the formula for calculating the NIACL AO In Hand Salary from NIACL AO Salary 2024 will be:
In-hand salary (net salary) = Gross salary – Total deductions.
Therefore, the in-hand salary might be around Rs. 50,000 to Rs. 52,000 after considering all deductions, if the gross salary is approximately Rs. 80,000/- per month in metropolitan centers. Candidates should note that the exact amount of in-hand salary can be different for different places and individuals. It is based on individual tax liabilities, the city of posting, due to different HRA, and several other factors.
Candidates who are aiming to achieve the monthly NIACL AO Salary 2024 after clearing the exam must also know about the NIACL AO Roles and Responsibility 2024. An Administrative Officer (Generalist) at NIACL will get an NIACL AO Salary 2024 after playing a vital role in fulfilling many responsibilities. These responsibilities include managing insurance, making policies, assessing risks, giving approval to claims, and handling official reports and statements, etc. They make sure that the operations related to the insurance are smooth and provide quality service to policyholders. Given below in the table are the responsibilities of an Administrative Officer (Generalist) to get the NIACL AO Salary at New India Assurance Co. Limited.
| NIACL AO Roles and Responsibility 2024 | |
| Responsibility | Description |
| Policy Making | Formulating rules and guidelines for insurance coverage. |
| Risk Proposals | Assessing and evaluating risk proposals by analyzing potential risks for insurance coverage. |
| Authorization of Claims | Approving or authorizing insurance claims by reviewing claims and deciding on coverage. |
| Official Reports | Filing official returns and statements containing important information for higher regional offices. |
| Insurance Policies | Managing and overseeing the issuance of insurance policies, handling paperwork, and ensuring accurate issuance. |
| Settling of the Insurance Claims | Overseeing the process of settling insurance claims to ensure fair and timely resolution. |
NIACL AO Gross Salary 2024 comes under NIACL AO Salary 2024. The gross salary is the total salary that the AO earns before any deductions. Generally, it includes basic salary/pay, together with multiple allowances like Dearness Allowance (DA), House Rent Allowance (HRA), and Travel Allowance (TA). On the other hand, the in-hand salary, is also known as the net salary. It is the amount that an employee receives after all deductions from the gross salary, like, taxes, Employee Provident Fund (EPF), and other statutory deductions. Therefore, the gross salary that is offered to Aos is approximately Rs. 80,000/- per month. As per the NIACL AO salary structure, the basic pay of NIACL AO Salary 2024 or the starting basic pay for NIACL AO Scale-I is Rs. 32,795/-. And the pay scale is 32795-1610 (14)-55335-1745 (4)-62315.
Apart from NIACL AO Salary 2024, NIACL offers many benefits and growth opportunities to Administrative Officers. So, the candidates can enjoy these benefits along with the NIACL AO Salary after clearing the NIACL AO 2024 exam. Take a look at the table below to discover all the benefits and opportunities of promotion that Aos can enjoy.
| NIACL AO Benefits And Promotions 2024 | |
| Benefit | Description |
| Job Security and Stability | -Working as an AO in a government-owned insurance company as NICL provides both job security and stability. -It guarantees a stable career once the AO’s post is secured. |
| Attractive Salary and Perks | -With NIACL AO salary, this post offers opportunities for growth and advancement within the organization. -It also allows dedicated employees who perform well to embrace more roles and responsibilities. |
| Career Growth Opportunities | -The job offers good opportunities through departmental exams and experience. -Promotions based on performance. It leads to positions like senior officer or other higher managerial positions. |
| Challenging Work Environment | This job requires taking care of tasks related to insurance policies, claims, underwriting, and customer service. It provides a dynamic and engaging work environment with lots of learning opportunities. |
| Social Impact | -AOs can contribute to society by providing financial protection to individuals and businesses -They play an important role in times of emergencies and unforeseen events. |
| Allowances and Benefits | Employees enjoy multiple allowances and perks including National Pension System coverage, gratuity, LTS, medical benefits, accident insurance, DA, HRA, TA, newspaper allowance, and accommodation. |
| Service Conditions | -AOs may be posted or transferred anywhere in India, with a minimum stay of 5 years at the initial posting. -Specialists must stay in their specialization for a minimum of 10 years. |
| Career Growth | -This post offers opportunities for growth and advancement within the organization. -It also allows dedicated employees who perform well to take on more responsibilities. |
The starting basic pay for NIACL AO Salary 2024 is Rs. 32,795/- per month.
The total monthly NIACL AO Salary 2024 in metropolitan cities is around Rs. 80,000/-.
The in-hand NIACL AO Salary 2024 after deductions is approximately Rs. 50,000 to Rs. 52,000 per month.
NIACL AO Salary increments are based on the pay scale of 32795-1610 (14)-55335-1745 (4)-62315.
NIACL AO Salary includes allowances such as DA, HRA, TA, and more.
NIACL AO Salary 2024 ranges between Rs. 75,000 to 80,000 in other cities compared to Rs. 80,000 in metro cities.
The comprehensive salary structure with multiple perks and allowances makes the NIACL AO Salary 2024 attractive.
The gross NIACL AO Salary 2024 is the basis for calculating the net salary after deductions.
Yes, job security and stability are significant benefits along with the NIACL AO Salary.
NIACL AO Salary offers opportunities for promotions and higher managerial positions based on the employee’s performance.
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