NICL Salary - NICL Administrative Officer Salary Structure

The NICL salary is one of the main reasons why lakhs of candidates wish to join the insurance company. Along with being a reputed permanent job, the company provides many perks and allowances which acts as an added advantage.

In order to keep the aspirants motivated, we bring to you the detailed NICL AO salary structure, along with the basic pay, perks and other benefits provided by National Insurance Company Limited.

The pay scale of an Administrative Officer in NICL is Rs.32795-1610(14)-55335-1745(4)-62315. Since the exam is not an annually conducted exam, aspirants across the country wait for an opportunity to join this insurance company. The advantages of getting the designation of Administrative Officer in NICL  are many- Lucrative salary, handsome perks, and allowances.

Candidates willing to know more about the NICL exam can visit the inked article.

Preparing for the NICL AO exam 2020?

Test your preparation with the Free Online NICL AO Mock Test Series Now!

Also, refer to the below-mentioned links for assistance:

For information regarding the other insurance exams conducted in India, candidates can visit the linked article.

NICL AO Salary Structure

The NICL AO salary structure is announced by the conducting body in the official notification for the recruitment. 

Given below are the details about the NICL AO salary structure:

NICL AO Salary
Post Administrative Officer
Pay Scale Rs.32795-1610(14)-55335-1745(4)-62315
Basic Pay Rs. 32,795/- (per month)
Total Emoluments Rs. 51,000/- (per month)
CTC Rs. 6,50,000/- (per annum)

The NICL AO salary increases with time as an employee in the insurance company. The image given below gives the NICL AO salary structure as per the 2017 official notification:

NICL AO Salary

Aspirants willing to apply for the upcoming NICL exams can check the detailed section-wise NICL syllabus at the linked article and prepare themselves accordingly. 

Also, check the salary for other posts under the Insurance sector in the articles given below:

NICL AO Benefits & Allowances

Apart from the decent salary that is provided to an employee working in NICL as an Administrative Officer, there are various other perks and benefits that are provided to an employee.

Given below is the list of allowances and benefits of an NICL AO:

  1. House Rent Allowance
  2. Medical Allowance
  3. Pension under New Pension system governed by PFRDA
  4. Group Personal Accident Insurance
  5. LTS
  6. Gratuity
  7. City Compensatory Allowance
  8. Transport Allowance
  9. Reimbursements like furniture, newspaper, briefcase, etc.

The Administrative Officer post is also released for recruitment in New India Assurance Company Limited (NIACL). Candidates can know more about the NIACL AO salary at the linked article.

Apart from insurance exams, there are various other Government exams which are conducted in the country. Aspirants who are looking forward to appear for any such upcoming exam can refer to the salary details for other posts in the articles given below:

NICL AO Job Profile

With a decent salary and various other benefits, the Administrative Officer post comes with multiple responsibilities. 

Given below are the responsibilities of an Administrative Officer in NICL:

  1. Supervision of Assistants works
  2. Claim Settlement
  3. Filing official returns
  4. Managing contracts and agreements
  5. Authorising Insurance Claims
  6. Compiling Statutory and Regulatory Requirements
  7. Managing of records and receipts

Other Related Links:

NICL AO Career Growth

Once a candidate is appointed in NICL as an Administrative Officer, he/she can apply for promotions. There are internal exams and interviews conducted in NICL for promotion and there is a lot of scope for growth in terms of career.

To get promoted, an employee needs to work in the company for a minimum period of 5 years and in some cases 3 years. In comparison to banks, the promotion status is slow and takes a longer period of time. 

Related Links:

Frequently Asked Questions on NICL Salary

Q 1. Is NICL a government company?

Ans. NICL is a subsidiary of General Insurance Company (GIC) which is a fully central Government owned insurance company.

Q 2. What is the salary of an Account Apprentice in NICL?

Ans. The salary of an Account Apprentice in NICL is Rs.25,000/- (per month) for the first year and Rs. 35,000/- (per month) for the second year.

Q 3. What are the responsibilities of an Administrative Officer in NICL?

Ans. It is an authoritative post. The major responsibilities of an AO in NICL are as follows:

    • Issuing insurance policies
    • Filing Official returns
    • Supervision of Assistant
    • Authorising Insurance Claims
    • Managing Contract and Agreements
    • 1984 Riot Victims – 5 years

Q 4. What is the in hand salary of an AO in NICL?

Ans. The in hand salary of an AO in NICL is Rs. 51,000/-.

Q 5. Which is better between Bank PO or Insurance AO?

Ans. Job as a bank PO or Insurance AO is almost the same. The job responsibilities differ based on the works of banks and insurance companies. The salary given is almost the same for a Probationary Officer and an Administrative Officer. Know more about Bank PO at the linked article.

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