NIACL AO Salary 2021, Job Profile, Allowances, Career Growth

NIACL AO Salary 2021: As the NIACL AO notification has been released on 24th August 2021 for Administrative Officer posts, now the candidates are eager to know the salary structure of NIACL AO (Generalist) Scale-I posts. The Generalist Administrative Officer is a Scale-I job profile that holds major responsibilities of the New India Assurance for which they are provided with lucrative salary along with other perks & allowances. 

NIACL AO Salary 2021

The work culture at New India Assurance is of 8 hours (9.30 am to 5.30 pm) for 5 days a week. Including allowances along with admissible perquisites offered to AO Generalist posts (excluding the value of housing) works out at the minimum to Rs. 6,50,000/- p.a. (approximately). In this article, we have discussed the detailed salary structure, basic pay, job profiles, responsibilities, and allowances offered in NIACL AO Salary. 

NIACL AO Recruitment Notification 2021 Out: Click to Check

NIACL AO Salary Structure 

The candidates selected through NIACL AO Recruitment 2021 has to serve for a minimum of 4 years including 1 year of probation period with a salary of approx. Rs. 60,000/- per month. Below we have tabulated the salary structure for the Administrative Officer at New India Assurance as mentioned in the latest notification for NIACL AO 2021. The salary scales for NIACL AO are due for revision since Aug 2017.

ParticularsSalary Structure
Basic PayRs. 32, 795
Pay Scale32795-1610(14)-55335-1745(4)-62315
Allowances & Perks including DA, HA, TA & othersRs. 27000-28000/-
Gross SalaryRs. 60,000/- for metro cities

NIACL AO Salary 2021: In-hand Salary

The initial basic pay of NIACL AO Scale-I is Rs. 32,795/- with a pay scale of 32795-1610(14)-55335-1745(4)-62315 and additional allowances. Gross salary for Administrative Officer (Generalist) will be approximately Rs. 60,000 per month in Metropolitan cities and for other cities will range between ₹ 55,000 to 60,000 per month. 

NIACL AO Salary 2021: Perks & Allowances 

The employees at NIACL AO posts holds lucrative benefits and allowances which attracts lakhs of candidates to national insurance job. Some of the allowances offered to the Administrative Officer are as follows:

  1. Dearness allowance
  2. House rent allowance
  3. Transport allowance
  4. City compensatory allowance
  5. Company/leased accommodation

Besides, basic pay and allowances, the employees at NIACL are benefitted from other coverage under National Pension System governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc. 

Reimbursements: Various reimbursements are provided to compensate the expenses for maintenance of vehicle for official purpose, newspaper, briefcase, book Grant, allowance for the furnishing of residence, etc. as per eligibility

NIACL AO Salary 2021: Job Profile & Responsibilities

Have a look at the responsibilities that have been assigned to an Administrative Officer (Generalist) in New India Assurance Co. Limited:

  1. NIACL AO (Generalist) is the Scale-I administrative job profile and the work profile includes the responsibilities of the First entry-level officer.
  2. NIACL Administrative Officer is responsible for dealing with policymaking, clauses, risk proposals and authorization of claims
  3. NIACL AO files the official returns and statements that have to be shared with higher regional offices
  4. NIACL AO is responsible for managing and overlooking the issuance of insurance policies, settling insurance claims, etc.

NIACL AO Salary 2021: Career Growth

The employees working as Administrative Officers (Generalist) have to sign a bond & give an undertaking for working with the company for a minimum of four years (including1 year probation) and after this time period is over, the responsibilities of AO increases along with the increments to the NIACL AO Salary. 

Also Read 

NIACL AO Apply Online 2021 Starts- Click to Apply

NIACL AO Syllabus & Exam Pattern 2021

NIACL AO Previous Year Cut Off Marks 

NIACL AO Salary: FAQs

Q. What is the in-hand salary of NIACL AO Generalist?

Ans. The in-hand salary of Administrative Officer in NIACL is approx. Rs. 60,000/- per month (for metro cities)

Q. What is the minimum period for working in NIACL as Administrative Officer?

Ans. The selected candidates as AO have to give undertaking for serving the company for a minimum of 4 years.

Q. What is the basic pay of Administrative Officer in NIACL?

Ans. The initial basic pay of NIACL Administrative Officer Scale-I is Rs. 32,795/-