UIIC AO Salary 2024, Check Complete Salary Structure

The United India Insurance Company Limited (UIIC) has finally released the notification for UIIC AO Recruitment 2024. This year interested candidates will compete for 200 vacancies across various disciplines under AO (Administrative Officer posts).  It is a great opportunity for all those candidates who want to be part of the insurance sector. So, they can fill out online application forms from 15 October 2024 to 5th November 2024. But before heading to filling out the forms, they should know all about the salary and job requirements. An administrative officer (Scale I post offers a good salary package. The appointed candidates will get the basic pay in the pay scale of Rs 50925-2500(14)-85925-2710(4)-96765 and other admissible allowances as applicable. In metropolitan cities, the gross pay for UIIC AO will be Rs. 88,000 (approx.) . In this blog, we have shared complete details of the UIIC AO salary, including in-hand salary, perks and allowances, promotion, and career growth opportunities.

UIIC AO Salary 2024 Overview

Before moving on to all the important details related to the salary, it is important to take a look at the table below to learn about some of the main highlights of the UIIC AO salary:

UIIC AO Salary Structure 2024

The UIIC AO salary structure consists of multiple components like pay scale, basic pay, allowances, deductions, gross salary, net salary, and other details. Take a look at the table below UIIC AO salary as pay scale, basic, gross salary and UIIC AO In Hand Salary:

UIIC AO Salary In Hand

The UIIC AO salary per month encompasses basic pay and other allowances. All the appointed candidates will enjoy a basic salary of Rs. 50,925 per month in the pay scale of Rs. 50925-2500(14)-85925-2710(4)-96765. Plus, at Metropolitan centers, the gross salary will be Rs.88,000/- p.m. (approx.). The monthly UIIC AO in hand salary will also include many other allowances, like gratuity, LTS, medical benefits, group personal accident insurance, performance linked incentive (PLI), and more. Therefore, the UIIC AO in hand pay will approximately range between Rs 65000-Rs 70000 per month.

UIIC AO Salary: Perks and Allowances

The Aos will also enjoy multiple allowances and perquisites as per the guidelines of the United India Insurance Company other than the basic UIIC AO salary, aspirants will also receive various Here are some of the perks and allowances that are included in the monthly UIIC AO Salary:

• Gratuity
• LTS
• Medical Benefits
• Group Personal Accident Insurance
• National Pension System (NPS)
• Performance Linked Incentive (PLI)
• Leased accommodation, etc.

UIIC AO Job Profile

Candidates who will be chosen for the Administrative Officer post in UIIC will have to perform various duties that are part of the job profile assigned by the higher authority. Here are some of the most important roles that they’ll have to play while taking care of this post:

• To perform administrative tasks and address the queries.
• To keep the records and create reports regularly for the company.
• To perform all the tasks assigned by the senior officials.

UIIC AO Salary: Probation Period

The candidates appointed for the Administrative Officer (Scale I) post in UIIC will undergo probation for one year. This probation period may be extended at the company’s discretion. As per the official notification:

• The company reserves the right to terminate the service of the appointed candidates if found unsuitable at any time during the probation period or the extended probation period. This can be done without any notice or assigning any reason. 

• During the probation period, candidates may be required to undergo theoretical/practical training as may be prescribed/arranged for them.
• During the probationary period, Officers are required to pass the non-life “Licentiate Examination” conducted by the Insurance Institute of India.
• Upon clearing the said examination, the officer will be eligible for confirmation of his services in the company.
• Failure to clear the prescribed exam within the extended probation period will render the officer liable to be terminated from service on the expiry of the probation period so prescribed.

UIIC AO Salary: Guarantee Bond

Before joining as probationers, the candidates appointed on regular payrolls of the company will be required to give an undertaking to serve the company for a minimum of five years, including a probationary period. They must submit a stamped bond duly executed by two sureties of sound financial standing for an amount equivalent to one year’s gross salary in addition to Rs 35,000 towards the partial cost of training.

FAQs

• Sign Up on Practicemock for Updated Current Affairs, Free Topic Tests and Free Mini Mocks
• Sign Up Here to Download Free Study Material