NIACL AO Notification Out 2024(Apply Now)

Founded in 1919, New India Assurance company Limited is the largest and oldest company of insurance in India. Each year, NIACL takes an exam to fill positions for Administrative Officers (AO).

For students with graduate degrees and postgraduates looking to work in the finance and insurance sectors, NIACL offers great job options.

About NIACL

• NIACL is a 1919-founded general insurance corporation that is owned by government.
• The biggest non-life insurance provider in India is called NIACL.
• Mumbai, India serves as the home base for NIACL.
• NIACl offers services to businesses, families, and people..

 

Job Profile of NIACL AO

The job profile of an administrative officer in NIACL is

1. Processing insurance claims.
2. Management of financial records, auditing, and accounts.
3. Handling legal matters related to insurance claims and policies.
4. Finding errors in documents, etc.

 

Salary structure

Basic pay: 50,995 Rs/Month

In-Hand Salary: - 80,000 Rs/Month

 

Allowances and Benefits

• Dearness Allowance (DA).
• House Rent Allowance (HRA).
• City Compensatory Allowance (CCA).
• Medical Benefits, Transport Allowance.

 

Promotions and Increments

After three years of service, NIACL Administrative Officers (AO) are eligible for regular increments and promotions based on performance, experience, and internal exams.

 

Vacancies

	SC	ST	OBC	EWS	Open	Total
Accounts	7	4	13	5	21	50
Generalists	18	8	32	12	50	120
Total	25	12	45	17	71	170

Exam Structure

There are three phases in NIACL AO Exam

1. Preliminary Examination (Phase I)
2. Main Examination (Phase II)
3. Interview (Phase III)

Preliminary Examination (Phase I): - Prelims consist of three sections

1. English Language: 30 questions (20 minutes)
2. Reasoning Ability: 35 questions (20 minutes)
3. Quantitative Aptitude: 35 questions (20 minutes)

Main Examination (Phase II): -

    1) Objective Test: This is a 200-mark test, with 50 questions in each section:

1. Reasoning Ability
2. Quantitative Aptitude
3. General Awareness
4. English Language

2) Descriptive Test: In this test candidates have to type a letter and essay using keyboard. It carries 30 marks and lasts for 30 minutes.

 

Interview (Phase III): - Candidates who cleared the main examination are called for a personal interview. The interview carries significant weight in the final selection process.

Eligibility Criteria

§  Educational Qualification: -

Post	Academic Qualification
Generalists	graduate or post-graduate degree in any discipline from a recognized university, with a minimum of 60% marks (55% for SC/ST/PWD candidates).
Accounts	Chartered Accountant (ICAI)/ Cost and Management Accountant (The Institute of Cost Accountants of India, earlier known as ICWAI) and Graduation/Postgraduation in any discipline with min 60% (55% for SC/ST/PwBD) Or MBA Finance/PGDM Finance/ M.Com with min 60% (55% for SC/ST/PwBD)

 

§  Age Limit: - The applicant must be between the age of 21 and 30. There is a relaxation of the upper maximum age available to candidates who belong under restricted categories, including OBC and SC/ST.

Important Dates

On-line registration and payment of application fees	10th to 29th September 2024
Phase-I Online Examination (Objective)	13th October 2024
Phase-II Online Examination (Objective + Descriptive)	17th November 2024

How to Apply

1. Go to the New India Assurance official website at "http://www.newindia.co.in."
2. Select the “Recruitment” option from the homepage.
3. Select the link labeled "Hiring of Administrative Officer (Scale I) 2024–2025."
4. After selecting the "Sign-up" button, create a new password and registration number.
5. After that, select the "Apply Online" option and enter the registration number that was generated.
6. Complete the application, upload the necessary files, and pay the application cost.
7. Press submit at the end to save the application form for later use.