NIACL Assistant Salary

NIACL Assistant salary
NIACL Assistant salary

Today we are going to talk about NIACL Assistant Salary, job profile, allowances etc in detail. NIACL (New India Assurance Company Ltd) may be a public sector General insurance company of India. It operates each in India and in foreign countries. As per the survey for 2015-16, the corporate operates in 28 countries. It’s been rated “AAA/ Stable” by the CRISIL as NIACL has the best degree of economic Strength to honor its Policyholders obligations. 

Those who are willing to work in government sector will surely seeking to work as NIACL Assistant as it offers you impressive salary, career allowances etc. The notification for 2019 is nonetheless to be declared on the official web site. Last year there have been a complete of 685 vacancies. For this year, the vacancies are expected to be higher in range.

What’s the salary of NIACL Assistant ?

The NIACL aka New India Assurance Company Limited releases the vacancy for NIACL Assistant. Lakhs of candidates every years appears for the exam as the NIACL Assistant is known for providing employees impressive salary and other allowances also. The most important thing is that you got job security here.

What is the salary of NIACL Assistant? After joining NIACL Assistant, the pay scale is 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-2901 0-1510(2)-32030-1610(5)-40080. Apart from the salary of NIACL Assistant, they also have a great career opportunity and after every promotion there salary as well as allowances increases.

The table below gives the detailed NIACL Assistant salary:

Initial pay scaleRs.14,435
After Increment (multiple increments)Rs. 40,080

In Hand Salary of NIACL Assistant

There are lot of candidates who wants to know about NIACL Assistant In hand salary. The NIACL Assistant In hand salary is around Rs.23,500 as it also include other allowances also. There are numerous allowances as well as benefits and perks that an NIACL Assistant receives along with the Income. There are other candidates also who are willing to know about the salary of NICL AO as it also offers the impressive salary, allowances as well as benefits and perks.

Allowances of NIACL Assistant

The above mentioned NIACL Assistant earning is excluding the various allowances, benefits, and perks. An Assistant in NIACL is provided with various benefits which include:

  1. House Rent Allowances
  2. Dearness Allowance
  3. Medical Benefits
  4. Leave Travel Subsidy
  5. Leave encashment
  6. Staff Welfare Schemes

Apart from all this, the great career and promotion opportunities makes the NIACL Assistant job post perfect and famous among youth looking to join insurance sector. They have a decent job profile as they have to mainly handle duties like claims processing, underwriting and accounts related work.

The benefits and perks which are mentioned above add as an added advantage for the people who are willing to join the insurance sector.

Job Profile of NAICL Assistant

Before joining any organization, candidates must be aware of the job profile as interest for the work matters a lot. Before joining the Insurance company you must be aware of job profile before applying for the post of Assistant in NIACL.

There are three main responsibilities of an Assistant in NIACL:

S.NoWorkJob Profile
1.UnderwritingThis is mostly a data-entry task which involves:
1. Entering and retrieving financial and other data using a computer
2. Writing various kinds of business correspondence
3. Issuing of policies
4. Gather data and information regarding finance, etc.
2.ClaimsVarious legal and non-legal aspects of claims of customers are involved here:
1. Reviewing and preparing the various claims and insurance policies, the related forms and other documents.
2. Maintaining records
3. Settlement of claims
4. Provide customer service, etc.
3.AccountsThis involves various tasks related to accounts:
1. Balance sheets preparation
2. Payment
3. Financial transactions, etc.

Apart from the responsibilities mentioned above, assisting the employees at senior posts is also the responsibility of an Assistant.

Career Growth of NIACL Assistant

There is a great career opportunity for the one who is going to be NIACL Assistant as NIACL provides abundant opportunities for its employees to get promoted internally. Employees clearing the internal promotions examination have been provided added increments to NIACL Assistant Income.

Since the first six months are a probation period, the promotion to higher post begins after that only. For a minimum time span of the initial 5 years, NIACL Assistant can not be transferred to another city.

Hence, along with high NIACL Assistant salary, candidates need to fulfil the eligibility criteria and clauses the insurance company implies on its employees.

Brief Description about NIACL Assistant

Job in Insurance sector is seen as the most proudable and safest among candidates. Lakhs of candidates every year appear for Insurance exams and NIACL Assistant is one of that. The NIACL Assistant gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. Here in this post we have discuss the detailed information about NIACL Assistant salary, job profile, allowances, benefits and perks. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.

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