NIACL AO 2024 Notification | NIACL AO Salary, Eligibility, Qualification & Exam Pattern | Complete Comprehensive Details Is Here

NIACL AO 2024
The New India Assurance Company Limited (NIACL) has released its notification for the post of Administrative Officer (AO). This is a prestigious opportunity for many aspiring candidates who wish to enter the insurance sector. In this detailed article, we will cover everything you need to know about the notification, including the salary structure, eligibility criteria, exam pattern, important dates, and more. If you are preparing for the NIACL AO 2024 exam or considering applying, this guide will clear all your doubts.

Overview NIACL AO 2024

NIACL Administrative Officer (AO) Recruitment 2024:

• Post Name: Administrative Officer (AO)
• Total Vacancies: 170
• Job Type: Officer Scale-I (Generalist & Specialist)

NIACL AO 2024 Important Dates

• Notification Release Date: 6th September 2024
• Online Application Start Date: 10th September 2024
• Last Date to Apply: 29th September 2024
• Phase 1 (Preliminary Exam) Date: 13th October 2024 (Tentative)
• Phase 2 (Main Exam) Date: 11th November 2024 (Tentative)

NIACL AO 2024 Application Fee

Also Read –

Indian Navy SSC OFFICER 2024-25

RRB NTPC 2024-25

SSC GD 2024-25

ITBP Kitchen Services Recruitment 2024

NIACL AO 2024 Vacancy Details

NIACL AO 2024 has announced a total of 170 vacancies for the post of Administrative Officer. These are divided between Generalist and Specialist Officers:

NIACL AO 2024 Eligibility Criteria

NIACL AO 2024 Age Criteria

• Minimum Age: 21 years
• Maximum Age: 30 years
• Age Cutoff Date: 1st September 2024

The candidate should not be born before 2nd September 1994 and not after 1st September 2003. Both dates are inclusive.

NIACL AO 2024 Age Relaxation

• SC/ST: 5 years
• OBC (Non-Creamy Layer): 3 years
• PwD: 10 years
• Ex-Servicemen: 5 years

NIACL AO 2024 Educational Qualification

• Educational Qualification For Generalist AO –

1. The candidate must have a graduate degree in any discipline from a recognized university.
2. Minimum marks: 60% for General / OBC category candidates, and 55% for SC/ST/PwBD candidates.

• Educational Qualification For Specialist AO (Accounts) –

1. Chartered Accountant (CA), Cost Accountant, or a degree in M.Com, MBA (Finance), or PGDM (Finance) with a minimum of 60% marks for General / OBC category and 55% for SC/ST/PwBD .

Candidates should ensure that their final results are declared by 1st September 2024 to be eligible for the exam.

NIACL AO 2024 Salary Structure

One of the most attractive aspects of this position is the salary.

1. Starting Basic Pay: ₹50,925/-
2. Gross Monthly Salary: Approximately ₹88,000/- (in metropolitan cities like Delhi, Mumbai, Chennai, Kolkata).
3. Additional allowances include medical benefits, pension benefits, group personal accidental insurance, long-term settlement funds, and more.

Your basic salary will increase by ₹2,500 every year for the first 14 years, after which further increments will be applied. After 14 years, your basic pay can reach up to ₹85,925. Beyond that, in the next four years, there will be further increments of ₹2,710.

NIACL AO 2024 Exam Pattern

The selection process for NIACL AO 2024 is conducted in three phases:

Phase 1: Preliminary Examination

1. Objective Type (Qualifying in nature)
2. Total Marks: 100
3. Time Duration: 1 Hour
4. Sections
   • English Language: 30 questions (20 minutes)
   • Quantitative Aptitude: 35 questions (20 minutes)
   • Reasoning Ability: 35 questions (20 minutes)

Phase 2: Main Examination

• The Main exam is a mix of objective and descriptive tests.

Main Examination For Generalists:

1. Reasoning Ability: 50 marks (40 minutes)
2. Quantitative Aptitude: 50 marks (40 minutes)
3. English Language: 50 marks (40 minutes)
4. General Awareness: 50 marks (30 minutes)

(i) Objective Test: The Objective Test of 2.5 hours’ duration will be as follows.
There will be separate timing for every section.

Main Examination For Specialists:

1. Reasoning Ability: 50 marks (40 minutes)
2. Quantitative Aptitude: 50 marks (40 minutes)
3. English Language: 50 marks (40 minutes)
4. In Specialist stream, an additional test to assess technical & professional knowledge in the relevant discipline: 50 marks (30 minutes)

(ii) Descriptive Test:

1. In addition to the above sections, candidates will be tested on Professional Knowledge related to their respective domain (e.g., Accounts, Finance). This section will be of 40 marks and the total time for it will be 35 minutes.
2. This will be a 30-minute test worth 30 marks.
3. The test consists of Letter Writing (10 marks) and an Essay (20 marks). Please note that the descriptive paper will only be evaluated if the candidate qualifies the objective test.

NIACL AO 2024 Phase 3: Interview

• Candidates who clear both Phase 1 and Phase 2 will be called for the interview.
• The final selection will be based on the combined marks of Main Exam + Interview in the ratio of 75:25.
• Interview will be conducted at select centres.

How to Apply For NIACL AO 2024

1. Visit the official website of NIACL at www.newindia.co.in.
2. Click on the Recruitment section and find the link for NIACL AO Recruitment 2024.
3. Register with your basic details like name, contact number, and email.
4. After successful registration, log in using your credentials and fill out the application form.
5. Upload your scanned photograph, signature, and relevant documents.
6. Pay the application fee and submit the form.

NIACL AO 2024 Hand Written Declaration

“I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.”

NIACL AO 2024 Preparation Tips

1. Understand the Syllabus: Make sure to go through the entire syllabus for both prelims and mains, and pay special attention to descriptive writing.
2. Mock Tests: Take daily mock tests and analyze your performance. This will help you manage your time during the actual exam.
3. Current Affairs: For General Awareness, focus on current events from the past six months. Cover important topics like banking, insurance, and economy-related news.
4. Professional Knowledge: If you’re applying for Specialist posts, study your subject-specific topics thoroughly. Refer to standard textbooks and resources.
5. Time Management: Stick to a study schedule, giving ample time to each section, especially areas where you’re weak.

NIACL AO 2024 Important Links

Conclusion

The NIACL AO 2024 notification offers an excellent opportunity for graduates looking to join the insurance sector. With a lucrative salary, allowances, and job stability, this is a golden chance for candidates to secure a government job in a reputable organization. Prepare well by following the exam pattern, understanding the syllabus, and practicing mock tests.

Good luck to all aspirants!

FAQs

1. What is the total number of vacancies for the NIACL AO 2024 recruitment?

Ans- NIACL has released 170 vacancies for the post of Administrative Officer (AO), which includes both Generalist and Specialist positions.

2. When will the application process for NIACL AO 2024 begin?

Ans- The application process will start from 10th September 2024, and the last date for submission is 29th September 2024.

3. What is the age limit for applying to NIACL AO 2024?

Ans- The age limit is between 21 to 30 years as of 1st September 2024. Age relaxations apply for reserved categories as per government norms.

4. What is the educational qualification required for NIACL AO (Generalist) post?

Ans- For the Generalist position, candidates must have a graduation degree from a recognized university with a minimum of 60% marks (55% for SC/ST/PwD candidates).

5. What is the selection process for NIACL AO 2024?

1. The selection process consists of three phases:
   1. Preliminary Exam (Qualifying in nature)
   2. Main Exam (Objective + Descriptive)
   3. Interview

6. What is the salary of a NIACL AO?

Ans- The gross salary for a NIACL AO is approximately ₹88,000 per month, including allowances and benefits, in metropolitan cities.

7. What is the exam pattern for the NIACL AO Preliminary Exam?

1. The preliminary exam consists of:
   • Quantitative Aptitude: 35 questions, 20 minutes
   • Reasoning: 35 questions, 20 minutes
   • English Language: 30 questions, 20 minutes
     Total: 100 questions, 100 marks, 1 hour duration.

8. Is there a bond or service agreement for NIACL AO posts?

Ans- Yes, candidates selected for the AO post will have to sign a 4-year bond. If the bond is breached, the candidate may be required to repay the amount as per the agreement.

9. What is the application fee for NIACL AO recruitment?

Ans- The application fee is ₹850 for General/OBC/EWS candidates, while for SC/ST/PwD candidates, it is ₹100.

10. When is the NIACL AO Prelims and Mains Exam scheduled?

Ans- The Preliminary Exam is tentatively scheduled for 13th October 2024, and the Main Exam for 17th November 2024.