New India Assurance Co. Ltd was founded by Sir Dorabji Tata and incorporated on 23rd July 1919. It is a Multinational General Insurance Company that operates in 28 countries today. NIACL is headquartered in Mumbai, India, and is widely appreciated and recognized for its employee-friendly working culture. The New India Assurance Co. Ltd. holds national-level government exams for recruitment to NIACL AO almost every year or as and when vacancies come up.
|Full Form||New India Assurance Company Limited|
|Founder||Sir Dorab Ji Tata|
|Established Date||23rd July 2019|
|Chairman-cum-Managing Director||Mrs. Neerja Kapur|
Unlike other yearly banking exams, NIACL opens the recruitment process per their requirements. The full form for NIACL AO is New India Assurance Company Limited Administrative Officer. The roles of a NIACL AO are to take care of claim settlement, risk assessment, assistant supervision, and underwriting.
|Name of the exam||NIACL AO(Assistant Officer)|
|Exam Conducting Body||New India Assurance Co. Ltd (NIACL)|
|Mode of the examination||Online|
|Stages of examination||Preliminary, Mains & Interview|
|Eligibility||Graduation/ Post Graduation|
|Age limit||21 to 30 years|
|Job Position||Administrative Officer (Generalist) Scale- I|
|No of vacancies||450|
|NIACL AO Notification 2023||1st August 2023|
|Opening of the Online registration process||1st August 2023|
|Closing of the Online registration process||21st August 2023|
|NIACL AO Prelims Exam Date||9th September 2023|
|NIACL AO Mains Exam Date||8th October 2023|
|Results of Exams (Preliminary)||Yet to be released|
|Results of Exams (Mains)||Yet to be released|
|Date of Personal Interview||Yet to be released|
You can find the updated dates on this page when the exam authority notifies the dates.
Applying for NIACL-AO is the initial step in the entire journey. Most importantly, the key is not to miss out on any requirements asked during the form fill-up process. The entire application process can be broadly divided into three steps :
The timeline for completing the application is generally around two weeks, post which there is no late fee window. Below are the fee details.
|SC/ST/PWBD||Rs. 100/- (Intimation Charges Only)|
|All candidates other than SC / ST / PwBD||Rs. 750 (Application fee including intimation charges)|
To be an eligible candidate for the NIACL AO examination, the candidate has to match certain criteria. Here are the details of the conditions laid down by NIACL.
The candidate applying for recruitment in the Company must be either-
(a) a citizen of India, (b) a subject of Nepal, (c) a subject of Bhutan, or (d) a Tibetan refugee who came over to India before 1st January 1962 with the intention of permanently settling in India, or (e) a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, and Vietnam with the intention of permanently settling in India.
Provided that a candidate belonging to categories (b), (c), (d), and (e) shall be a person in whose favor a certificate of eligibility has been issued by the Government of India
A candidate must possess the minimum qualification of a graduate/postgraduate in any discipline from a recognized University or any equivalent qualification recognized as such by the Central Government with at least 60% marks in either of the degree examination for General candidates and at least 55% marks for SC/ST/PwBD candidates. Candidate should possess a certificate as proof of passing the qualifying examination.
Those who are in the Final Year/ Semester of their Graduation may also apply provisionally subject to the condition that, if called for an interview, they will have to produce proof of having passed the qualifying examination.
The minimum age set by the NIACL to appear for Assistant Officer on the exam is 21 years, and the maximum age is 30 years. However, a few relaxations have also been granted to candidates under reserved categories concerning the Upper Age Limit:
|S.NO||Candidate Category||Age Relaxation|
|4||Veterans, including Commissioned Officers and ECOs/SSCOs who have rendered at least five years of Military Service as on 01.12.2021||5 Years|
|5||Defense Service Personnel||3 Years|
|6||Persons ordinarily domiciled in the State of Jammu & Kashmir during the period 1.1.1980 to 31.12.1989||5 Years|
|7||Existing Confirmed Employees of Public Sector General Insurance Companies||8 Years|
The pay scale at New India Assurance Co. Ltd. is very respectable and covers all significant employee benefits. The Basic NIACL AO Salary is Rs. 32,795/- On the scale of Rs. 32795-1610(14)-55335-1745(4)- 62315, whereas other admissible allowances as applicable. Overall emoluments will be approximately Rs.60,000/- p.m. in Metropolitan Centers. Apart from that, other benefits include coverage under the National Pension System governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance, etc., which shall be as per the rules. Officers are also entitled to Company’s / leased accommodation as per norms.
NIACL AO examination syllabus tests speed, accuracy, thinking ability, problem-solving skills, and general awareness. The subjects included in the exam are Reasoning, Quantitative Aptitude, English Language, General Awareness, and Subject Matter Expertise.
This segment is essential for the Prelims and Mains. Moreover, Prelims comprise just objective questions, while Mains comprises objectives and descriptive questions. Questions are based on topics such as Reading Comprehension, Active and Passive Voice, Articles, Tenses, Subject-Verb Agreement, Reading Comprehension, Error-Spotting, Sentence Correction, Para Jumbles, Error Spotting, and so forth.
Some important topics from this segment are Average, Percentage, Speed, Time and Distance, Simplification and Approximation, Time and Work, Percentage and Probability, Partnership, Mensuration and Geometry, Trigonometry, Profit and Loss, Simple and Compound Interest, and so forth.
This section contains general information, current undertakings (both public and global), and general ideas identified with finance, promotion, and banking.
Aspirants can read magazines, diaries, and papers identified with money and news and follow TV and online media for the most recent information. Therefore, construct your general information by perusing essential books and materials.
Also, some significant subjects of this part are Coding-Decoding, Syllogisms, Direction and Distance, Numeric/Alpha-numeric series, Data Sufficiency, Puzzles, and Seating Arrangement. Time and Speed are significant for this segment.
To read more about the NIACL AO syllabus, click here
To finally work with NIACL, candidates are tested via online examination and interview. The entire examination process of the NIACL AO happens in three phases –
The preliminary exam is an objective-based online test consisting of three subjects, English Language, Quantitative Aptitude, and Reasoning Ability. The entire test duration is 60 mins, where each section is allotted a specific 20 mins. The maximum mark for the whole exam is 100, split up into 35 for both Quantitative and Reasoning and 30 for English.
|S.NO||Subject:||Type of Questions||Max. Marks||Duration||Language Medium|
Candidates must ensure passing marks in each section to proceed to the Mains. For the Mains exam, approximately 15 times the number of vacancies are shortlisted from Prelims out of each category as decided by the Company.
Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 marks. Both the Objective and Descriptive Tests will be online. Candidates will have to answer the Descriptive Test by typing on the computer. Immediately after completion of the Objective Test, the Descriptive Test will be administered.
|TOTAL||200 MARKS||150 MINS|
The Descriptive Test is 30 minutes long, and the entire test will be a Test of the English Language, bifurcated into Letter Writing-10 marks & Essay Writing -20 marks.
|S.NO||NAME OF TEST SECTION||TEST TYPE||MAX MARKS||LANGUAGE OF TEST||TOTAL TIME|
|TOTAL||30 MARKS||30 MINS|
Apart from that, descriptive answer scripts will only be evaluated for those candidates who qualify for the Objective Tests.
Candidates who qualify for the Mains Exam will be further shortlisted and subsequently called for an Interview. Interviews for final selection will be conducted at select centers finalized by NIACL. The interview score carries a weightage of 20% in the overall score rest, 80% is from the Mains Exam.
To check out NIACL AO’s previous year’s question paper, Click Here
Download the admit card for Phase-I and Phase II; it will be done separately. Candidates will also be updated through SMS on their registered Mobile Number and through e-mail on their registered email id with NIACL. Once the candidate lands on the above link, they will download the soft copy version of the admit card by accessing the official website. The following details should be with the candidate while downloading the admit card:
For a candidate appearing NIACL AO exam, the following three combined documents will be required while entering the exam center:
NIACL has not issued any official notification related to the NIACL AO Results. However, once released, candidates can check their results by following the given steps on the official website of NIACL.
Check Out Other Banking Exams :
The minimum age is 21 years, and the maximum is 30 years. Also, there is a relaxation in the upper limit to specific categories of individuals.
A candidate is appointed in the Officers’ cadre on regular payrolls of the Company. However, they shall be on probation for at least one year from joining duty. However, the probation period may increase twice by a further period of six months, stretching up to one year.
Before joining, the candidate have to give the undertaking of serving the company for a minimum of four years, which furthermore includes the probation period.
The NIACL AO (New India Assurance Company Limited Administrative Officer) is a highly competitive government exam that is conducted by the New India Assurance Company Limited. Unlike some other government exams, the NIACL AO is not held annually. Instead, it is conducted only when vacancies are available within the various posts of NIACL AO.
The reason behind the irregularity of the exam is the nature of the vacancies. The NIACL AO exam is conducted to recruit administrative officers for various departments of New India Assurance Company Limited. These vacancies arise only when there is a need for new officers in the organization. Hence, the frequency of the NIACL AO exam depends on the availability of vacancies in the company.
However, it is important to note that the NIACL AO exam is still highly sought after by candidates due to its lucrative career opportunities. The exam allows candidates to secure a position in one of the leading insurance companies in India and build a successful career in the insurance sector.
Candidates need a Bachelor’s degree in any discipline. However, for NIACL AO specialists, certain eligibility criteria must be met.
The New India Assurance Company Ltd. is a public-sector insurance company. It is one of the largest insurance companies in the country. Therefore, the NIACL AO exam is a government exam.
he basic pay for NIACL AO 2023 is Rs 32,795/-. The selected candidates will get a total emolument of Rs 60,000/- per month in metro cities. There are separate provisions for House Rent Allowance, Dearness Allowance, City Compensatory Allowance, Transportation Allowance, etc.
It is not fair to say that the roles and jobs of a NIACL AO (New India Assurance Company Limited Administrative Officer) are easier than the tasks of an SBI PO (State Bank of India Probationary Officer). Both roles have unique challenges and responsibilities, and comparing them in terms of difficulty is inappropriate.
The job of a NIACL AO involves managing various administrative tasks related to insurance policies, claims, underwriting, and risk assessment. They are responsible for managing the day-to-day operations of the insurance company and ensuring that the policies and procedures are followed promptly and efficiently.
On the other hand, the job of an SBI PO involves managing various banking operations, such as customer relations, loans, accounts, and investments. They handle customer inquiries, manage accounts, and promote bank products and services.
Both jobs require different skill sets and knowledge, each with unique challenges. For instance, a NIACL AO may have to deal with complex insurance claims or fraud cases, while an SBI PO may have to manage many customer accounts and provide financial advice to clients.
The roles of a NIACL AO are to take care of claim settlement, risk assessment, assistant supervision, and underwriting. Therefore, you will be an integral part of the daily functioning of the NIACL. It is the perfect job for people who care about detail and love numbers. While using numbers becomes an integral part of the job, you will also be working to help the people understand the Indian and even foreign banking and investing systems as well.
It is a government sector job. Therefore, the competition is usually a lot as compared to any other job in the country. However, if you have a background in Finance or are just generally aware of the banking system in India, this is the job for you. You need to have your basic concepts clear to ensure you do not miss out on easy marks.