NIACL (New India Assurance Company Ltd) is a public sector General Insurance company of India. It operates both in India and in foreign countries. NACL Head Office is situated in Mumbai and it has 31 regional offices. As per the survey for 2015-16, the company operates in 28 countries. It has been rated “AAA/ Stable” by the CRISIL as NIACL has the highest degree of Financial Strength to honor its Policyholders obligations. The job seekers in Government Sectors can without a doubt opt for NIACL Assistants job which has huge benefits, good salary, and comfortable job profile. The notification for 2019 is yet to be announced on the official website. Last year there were a total of 685 vacancies. For this year, the vacancies are expected to be higher in number.
NIACL Assistant Job Profile:
NIACL Assistant refers to Clerical level. An Assistant has various roles and responsibilities like giving assistance to the AO (Administrative Officer) in each section of their work. There are 3 chief tasks for an Assistant in NIACL. They are Underwriting, Claims, and Accounts.
Underwriting is associated with the Data Entry process. It involves accepting the proposals, signing and issuing of policies, enter, access and retrieve financial data using the Computer, to write business correspondence and to gather relevant financial data.
The name itself denotes that it deals with the legal and non-legal phase of insurance claims of the customers and settling them. It involves preparing & reviewing the insurance claim forms and other associated documents, calculating the claim amount, organizing and working with detailed office or warehouse records, attaching the information concerning to the claim file, providing instructions to the customers regarding the methods to proceed with the claims or providing referrals to auto repair services, renewing insurance policy for determining the coverage and to transmit claims for payment and further inquiry.
Accounts job will take care of various financial transactions and process regarding the payments, preparation of balance sheets and accounting transactions etc.
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The probation period for NIACL Assistants:
The shortlisted candidates will work on a minimum of 6 months of probation period. And within the period, the performance of the employees will be evaluated and average or low performing employees’ probation period will be extended for a period as required by the company. The candidates who quit at some point in the probationary period and also whose services are terminated by the company itself at the same period will be liable to pay the amount equivalent to the remuneration paid and a sum of Rs 25,000 towards the partial cost of training.
Career Growth in NIACL Assistant Job:
The career growth or promotions will be done on a fast track root for the Assistants. The hierarchy of an Assistant in NIACL will be Assistant -Admin Officer- Senior Admin Officer- Assistant Manager- Manager- Senior Manager- Insurance Specialist- Director/ CEO.
Salary and other benefits of an Assistant in NIACL:
The basic salary for an Assistant in NIACL will be about Rs. 23,500 in a metro city at the initial stage of the job. The pay scale will be Rs. 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080. There are also a bunch of other allowances like Newspaper Allowance, Dearness Allowance etc.
- The above-mentioned allowances will be provided based on the place of posting given to the recruited candidates, leave encashment etc.
- In major cities, the accommodation benefits will be provided to the Assistants in NIACL.
- The Assistants will also be provided with various leaves like casual Leaves, sick leaves, earned leaves, blood donation leaves etc and Saturday- Sunday off.
- The Job will be with less workload. On the whole, Assistant Job in NIACL is a decent job profile with no pressure from the company.
Increments for Assistants in NIACL:
Providing increments will be a major benefit for the employees in an organization. NIACL provides abundant opportunities for internal promotions to Officer Scale in a transparent manner. Increments for clearing the exams in NIACL exams are also provided. 3 levels are associated in clearing the Licentiate, Associate and Fellowship exams. Each level completion has its own increment. There will be an increment of Rs. 1550 after completion of Fellowship. Same way, allowances’ will be paid according to the position of the candidates in the NIACL office.