NIACL AO Salary 2024: The New India Assurance Company Ltd. (NIACL) has released the official notification pdf for the recruitment of Administrative Officers (AO). The selected candidates for the administrative officers will get the lucrative amount at the end of each month, which also includes allowances, benefits, and standard deductions. As per the latest announcement, candidates will get the salary on the basic pay of Rs. 50,925 in the scale of Rs 50925-2500(14)-85925-2710(4)-96765 and other admissible allowance as applicable. Read on for complete details on the NIACL AO Salary, annual package, in-hand pay, job profile, allowances, etc.
NIACL AO Salary 2024
The NAICL has published a notification for the NIACL AO 2024 exam to recruit 170 officers for generalists and specialist posts. The initial basic pay of the candidates will be Rs 50,925 per month. The NIACL AO job not only gives job security but also an attractive salary package and various benefits and allowances. Here are the key highlights of the NIACL AO salary for reference purposes.
| NIACL AO Salary Overview | |
| Exam Conducting Body | New India Assurance Company Ltd (NIACL) |
| Post Name | Adminsitrative Officer |
| Vacancy | 170 |
| Salary (Initial) | Rs 50,925 per month |
| Job Location | Anywhere in India |
NIACL AO In Hand Salary 2024
The in-hand salary of the selected candidates of a NIACL AO selected candidates will vary as per the posting as HRA and CCA are dependent on location. As per the latest update, the gross emoluments will be approximately Rs 88,000 p.m. in metropolitan cities. Other benefits, such as coverage under the National Pension System governed by PFRDA, gratuity, LTS, medical benefits, group personal accident insurance, etc., shall be as per the rules in force in the company at the time of appointment.
NIACL AO Salary Structure
The salary structure of NIACL AO comprises various components, such as basic pay, allowances, gross earnings, net salary, deductions, etc., which ensures an attractive salary package for successful candidates. The annual salary package of the selected candidate will range between 10 lakh and 12 lakh. Here is the breakdown of the NIACL AO salary structure shared below for the reference of the candidates.
| Particulars | Salary Structure |
| NIACL AO Pay Scale | Rs 50925-2500(14)-85925-2710(4)- 96765/- |
| NIACL AO Basic Pay | Rs 50,925 |
| NIACL AO Approximate Salary | Rs 88,000 per month |
NIACL AO Salary Slip
NIACL AO selected candidates will get the slip at the end of each month. The salary slip acts as the official record of your earnings. The salary slip includes details like basic pay, allowances like Dearness Allowance (DA) and House Rent Allowance (HRA), any deductions, etc. This document is crucial proof of employment and is used for applying for loans, filing income tax or other purposes.
Also Check,
NIACL AO Eligibility Criteria 2024
NIACL AO Salary 2024: Perks and Allowances
The selected candidates will also be eligible to get various perks and allowances along with the basic pay. The allowances vary as per the location, pay scale, and other factors. Check the list below for perks and allowances of the NIACL AO Salary.
- House Rent Allowance
- Dearness Allowance
- Medical Allowance
- Leave Fare Concession
- Family Allowance
- Fuel Allowance
- Grade Allowance
- Local Allowance
- Tour Allowance
- Educational Allowance
NIACL AO Salary 2024: Job Profile
NIACL AO post various opportunities for advancement in career growth to all selected candidates. Check the task below that a candidate needs to follow on a daily basis.
- Training and report generation
- Files the official returns and statements
- Customer service and risk assessment.
- Administrative tasks and team management.
- Issuance of insurance policies
- Marketing, sales, and business development.
- Settling insurance claims, etc.
- Compliance with regulations and risk mitigation.
- Policy management and claim processing.
NIACL AO 2024 Minimum Bond Guarantee
The selected candidate needs to sign an agreement with the company to serve for a minimum period of 4 years, including a probationary period. In the event of the resigning from the company before the expiry of the bond period, they will be liable to pay liquidated
damages equivalent to one year’s gross salary paid to them during the year of probation, which could be proportionately reduced depending on the length of service rendered.
Also, the candidates resigning from the company during the probation period and candidates whose services are terminated by the company during the probation period shall be liable to pay the gross salary received by them during their entire service in the company in addition to an amount of Rs. 25,000 towards the partial cost of training.
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