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.
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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|
|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:
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.
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:
- House Rent Allowance
- Medical Allowance
- Pension under New Pension system governed by PFRDA
- Group Personal Accident Insurance
- City Compensatory Allowance
- Transport Allowance
- 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.
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:
- Supervision of Assistants works
- Claim Settlement
- Filing official returns
- Managing contracts and agreements
- Authorising Insurance Claims
- Compiling Statutory and Regulatory Requirements
- Managing of records and receipts
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.
Frequently Asked Questions on NICL Salary
Q 1. Is NICL a government company?
Q 2. What is the salary of an Account Apprentice in NICL?
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
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