NIACL Assistant Salary 2023: Salary Structure, Salary Slip, In hand Salary, Promotion, Allowance

New India Assurance Company Limited (NIACL) Assistant Salary 2023: The New India Assurance Company Limited (NIACL) is a public sector general insurance company that is one of India’s leading insurers. The good salary offered for the position of NIACL Assistant has resulted in an increase in the candidates applying.

The NIACL Assistant Salary and Job Profile for 2023 will be released in an official notification on the NIACL website. Before applying for the position, applicants should review the salary and job description.

Aside from the NIACL Assistant salary, New India Assurance Company Limited offers a variety of other benefits to its employees. The salary, job profile, and career growth of NIACL Assistants will be discussed in this article.

The official website will be updated with all information about the NIACL Assistant Salary and Job Profile 2023. Applicants are suggested to read all of the notifications issued by the board on their official website in order to avoid any future confusion.

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Salary Structure for NIACL Assistant Post 2023

The salary structure for the post of NIACL Assistant includes various benefits and allowances in addition to their basic pay, according to the official NIACL Assistant Recruitment Notification 2023.

Recruitment Body	New India Assurance Company Limited
Name of the Post	Assistant
Pay Scale	14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080.
Other Allowances	Yet To Be Released

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NIACL Assistant Eligibility

In terms of educational requirements:

The applicant must be a graduate of a recognised university in any field.
English must be a subject in the student’s HSC/SSC/Intermediate/Graduation.
The applicant must be fluent in the language of the state from which they are applying.

As for the age limit:

The age limit for the General Category is as follows:

• Lower age limit– 21 years
• Upper age limit– 30 years

The following is a list of age restrictions and exceptions:

Category	Relaxation
OBC	+3 years
PwD	+10 years
ST	+5 years
SC	+5 years
Ex-servicemen (disabled included)	Period of service +3 years Maximum age- 45 years
J&K domiciled candidates (between 1/1/80 – 31/12/89)	+5 years
Widows, Divorced women & legally separated single women	+5 years
Existing NIACL employees	+ 5 years

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NIACL Assistant Salary and Pay Scale

The following is a breakdown of the NIACL Assistant’s salary:

Initial basic pay	Rs.14,435
Pay after multiple increments	Rs.40,080

The pay scale for NIACL Assistant is Rs.14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-2901 0-1510(2)-32030-1610(5)-40080.

Increments

Each one has three steps that lead to an increment. The following are the three tests that the employee must pass:

• Licentiate
• Associate
• Fellowship

After completing the fellowship, the employee is eligible for a Rs.1550 raise.

Allowances

Aside from the basic salary, the NIACL Assistant is entitled to a number of benefits. The following are some of them:

• Dearness allowance: The government pays the NIACL Assistant a set amount as an allowance to help them cope with the effects of inflation.
• Unused leave: Unused leaves are carried forward and can be used at a later date. If the employee does not use these vacation days, they can cash them in when they resign or retire.
• House rent allowance: This is a portion of the NIACL Assistant’s salary that the government pays to help them cover the cost of renting a place to live.
• Leave travel subsidy: The NIACL provides the employee with a stipend that they can use while on leave. This will cover their travel costs.
• Medical benefits: NIACL provides a subsidy on medical services and also covers the employee’s and their family’s medical expenses.
• Apart from salary, NIACL provides numerous other benefits to its employees.

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NIACL Assistant Career

Internal promotional examinations provide NIACL employees with the opportunity to advance their careers. For examinations, NIACL requires a minimum of six months of work experience. After 5 years of service, an NIACL Assistant can be transferred to another city.

The posts available promotion-wise are as follows:

• Assistant
• Administrative Officer
• Senior Administrative Officer
• Assistant Manager
• Manager
• Senior Manager
• Insurance Specialist
• Director/CEO

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NIACL Assistant Career Growth and Promotion 2023

Applicants chosen to work as NIACL Assistants will be eligible for promotion based on their work ethics and the skills they have acquired through their experience. There is a good chance that the applicants will be promoted to the next level if they work effectively and efficiently and complete the assigned work before the deadline. Applicants who are promoted are entitled to a higher pay package and allowances.

Because the first six months are a probationary period, promotions to higher positions do not begin until after that. A NIACL Assistant cannot be transferred to another city for at least the first five years.

As a result, applicants must meet the eligibility criteria and clauses that the insurance company imposes on its employees, in addition to the high NIACL Assistant salary.

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NAICL Assistant Job Profile

Applicants must be completely aware of their responsibilities and role in the organisation before joining it. Candidates who are interested in applying for the position of Assistant at NIACL should be aware of their job profiles prior to applying.

There are three main responsibilities of an Assistant in NIACL:

• Underwriting entails the issuance of policies, the collection of financial data, the writing of various types of business correspondence, and the retrieval of financial data.
• Claims: handling legal and non-legal aspects of insurance claims, renewing insurance policies, guiding customers through the claims process, and maintaining customer queries and records.
• Accounts- requires the ability to process payments, prepare balance sheets, and manage financial and accounting transactions.

Apart from the responsibilities mentioned previously, an Assistant is also responsible for assisting employees in senior positions.

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NIACL Assistant Probation Period 2023

The training period for the post of NIACL Assistant is yet to be announced on the official website, as per the NIACL Assistant Recruitment Notification 2023. Employees must complete a specified amount of training and will be compensated with a base salary. They will begin receiving a higher salary once they successfully complete their training period. Employees are entitled to benefits and allowances upon successful completion of their training period. To be considered for full-time employment, employees must work efficiently and effectively during their training period and exhibit a professional attitude toward the tasks assigned to them by their superiors.

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NIACL Assistant Perks and Additional Benefits 2023

After being hired as an Assistant in the organisation, aspirants advantage of various benefits and allowances provided by the company in addition to their base pay. Benefits and allowances details have not yet been announced on the official website. Applicants should ensure that they regularly check the official website to stay informed of any notifications regarding the same.

Employee allowances are reviewed on a periodic basis in accordance with NIACL policy. Additionally, allowances are updated whenever an employee receives a promotion.

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NIACL Assistant Salary FAQ’S