NICL AO Duties

I have decided to join as a Administrative Officer (AO) in New India Assurance Company (NACIL) searching for post details. Will you provide me Duties of Administrative Officer (AO) in NIACL also tell what the salary offered and promotion of AO post in NICL organization?

[Rajkumar Agarwal]

New India Assurance Company is the largest General Insurance Company of India.

It has its Headquarters at Mumbai. It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973

Duties of Administrative Officer (AO) in NIACL:

The nature of work will comprise of routine administrative duties like overseeing issuance of insurance policies, settling insurance claims etc.

Administrative officers handle policy making, policy claims up to certain limit, checking clauses and details, filing official returns and statements to higher regional offices etc.

The Development AAOs deal with marketing and procurement of business, meeting prospective clients, promoting the policies and getting contracts.

The Accounts AAOs manage the funds including incomes and expenses of the corporation. Sometimes an engineering specialist can be assigned as Risk Engineer post but its very rare.

Office Timings

Office Timings – 09:30 A.M to 05:30 PM. 5 Days a Week. Saturday-Sunday Off

Salary offered:

Gross salary is around 37k. In hand 32k approx. After wage revision may rise to 37k in hand

Promotion

Normal Promotion is based on Seniority and takes 5+ years. Otherwise, there is a minimum period of 3 years after which you can apply for fast track promotions by clearing some insurance exams.

After 5 years , there is a hike of 15% with Regular yearly Increments.