NIACL Assistant Salary

The New India Assurance Company Limited is one of the leading Insurance Companies in India and the number of aspirants willing to join NIACL has also rapidly increased.

NIACL Assistant salary is one vital reason for the increase in the number of applicants in the insurance sector. The initial in-hand NIACL Assistant salary is Rs.23,500 in a metro city and this increases gradually.

Candidates can know more information regarding the NIACL exams at the linked article.

Apart from the NIACL Assistant salary, there are various other benefits that an employee is provided in New India Assurance Company Limited. This article shall discuss the NIACL Assistant salary, job profile, and career growth.

NIACL Assistant Salary Structure

The initial basic in-hand NIACL Assistant salary is Rs.23,500 and 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.

The table below gives the detailed NIACL Assistant salary:

NIACL Assistant Salary
Initial pay scale Rs.14,435
After Increment (multiple increments) Rs. 40,080

The above mentioned NIACL Assistant salary 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

On the whole, NIACL Assistant offers a good career path and promotion opportunities. They mainly handle duties like claims processing, underwriting and accounts related work and is a decent job profile to choose.

Aspirants interested in other government jobs can visit the linked article for details like recruitment, notification, vacancies, eligibility, exam pattern, etc.

NAICL Assistant Job Profile

Before joining any organization, candidates must be completely aware of their responsibilities and role in the organization. Candidates aspiring to apply for the post of Assistant in NIACL must also know their job profiles before joining the insurance company.

There are three main responsibilities of an Assistant in NIACL:

  1. Underwriting – this involves issuing policies, gathering finance-related data, writing various kinds of business correspondence and retrieving financial data.
  2. Claims – legal and non-legal aspects of insurance claims, renewing insurance policies, leading the customers with the methods to proceed with claims and maintaining customer queries and records.
  3. Accounts- needs to process payments, prepare balance sheets, take care of financial transactions and accounting transactions.

Candidates can know more about the NIACL Assistant exam at the linked article. 

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NIACL Assistant Career Growth

Aspirants across the country must note that NIACL provides abundant opportunities for its employees to get promoted internally. Added increments are provided to the NIACL Assistant salary when an employee clear the internal promotions examination. 

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.

Candidates aspiring to become an IAS officer can check the IAS Salary at the linked article.