NIACL AO Salary 2024 Job Profile, Salary Structure, Career Growth

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NIACL AO Salary 2024 In Hand, Pay Slip, Allowances, and Perks:  The New India Assurance Company Limited has announced the recruitment notice for the NIACL AO 2024 exam. Candidates will be eager to know the NIACL AO salary 2024 details. For your convenience, we have provided here the NIACL AO salary slip 2024. So, you can know the NIACL AO salary in hand 2024

NIACL AO Salary 2024: Basic Pay Scale

Here is the NIACL AO salary 2024 basic pay scale details.

  • NIACL AO salary 2024 basic pay – Rs. 50,925/-
  • NIACL AO salary 2024 pay scale – Rs. 50925 – 2500 (14) – 85925 – 2710 (4) – 96765
  • NIACL AO salary 2024 gross emoluments in Metropolitan Centers – approximately Rs. 80,000/- p.m.

NIACL AO Salary Slip 2024

NIACL AO salary slip 2024 is shared below. From the NIACL AO salary slip 2024, you can know the details of various components such as basic pay, allowances, etc. Also, you can know the approximate NIACL AO salary in hand 2024.

Particulars of NIACL AO Salary Slip 2024Amount
NIACL AO Salary 2024 Basic PayRs. 50,925/-
Allowances & Perks including DA, HA, TA & othersRs. 29000 to 30000/-
NIACL AO Salary 2024 Gross Payapproximately Rs. 80,000/- p.m. (in Metropolitan Centers)
NIACL AO Salary in hand 2024 (net pay)Rs. 70000 (approximately)

NIACL AO Salary In Hand 2024

The NIACL AO salary in hand 2024 is the net payment after the deductions done from the gross pay. the deductions may include professional tax, new pension scheme, TDS, etc. The net NIACL AO salary in hand 2024 ranges around Rs. 70000 approximately.

NIACL AO Salary 2024: Allowances and Perks

The NIACL AO salary 2024 allowances and perks include:

  • Coverage under National Pension System governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance etc.
  • Dearness Allowance, HRA, TA, Newspaper allowance, etc.
  • The Officers are also entitled for Company’s / leased accommodation as per norms.

NIACL AO Training Period and Service Conditions

apart from the NIACL AO salary 2024 details, it is essential to know about the NIACL AO training period and service conditions.

Service Conditions:

  • Selected candidates may be posted or transferred anywhere in India.
  • The minimum stay at the initial place of posting will be 5 years.
  • In the case of a specialist cadre, candidates must continue in the same specialization for a minimum of 10 years.
  • They are eligible for promotions as per the Company rules.

NIACL AO Training Period:

  • NIACL AO Probation period – one year from the date of joining.
  • The NIACL AO probation period may be extended twice by a further period of six months at a time stretching up to one year.
  • During the NIACL AO probation period, the Officers have to pass the non-life Licentiate Examination conducted by the Insurance Institute of India.
  • Only after passing this exam, the Officer will be eligible for confirmation.
  • If you fail to pass this exam within the extended probation period, you will be terminated from service on the expiry of the period so specified.
  • The Company reserves the right to terminate the services of the candidate if found unsuitable at any time during the probation period or the extended probation period without any notice or assigning any reason thereof.

FAQs

Q: What is the NIACL AO salary 2024 starting basic pay?

NIACL AO salary 2024 starting basic pay is Rs. 50,925/-

Q: What are the components included in the NIACL AO salary slip 2024?

From the NIACL AO salary slip 2024, you can check the basic pay, allowances, deductions, gross pay, and net pay.

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