NIACL AO Recruitment 2024: Apply Online For 170 Administrative Officer (GENERALISTS & SPECIALISTS) Scale-I

The New India Assurance Company Limited (NIACL) has officially announced the recruitment of 170 Administrative Officers (Generalists) for 2024. This guide aims to provide comprehensive information on how to apply online for these prestigious positions, key details about the recruitment process, eligibility criteria, and other essential information.

NIACL AO Recruitment 2024 Overview

Aspect	Details
Organization	The New India Assurance Company Limited (NIACL)
Post Name	Administrative Officer (GENERALISTS & SPECIALISTS) Scale-I
Advt. No.	CORP. HRM/ AO/ 2024
Total Vacancies	170
Salary	Rs. 88,000/- per month
Official Website	newindia.co.in
Apply Online	Click Here
Download Notification	Click Here

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Important Dates

Event	Date
Application Start Date	10 September 2024
Application End Date	29 September 2024
Prelims Exam Date	13 October 2024
Mains Exam Date	17 November 2024

Application Fees

Category	Fee
Gen/OBC/EWS	Rs. 850/-
SC/ST/PWD	Rs. 100/-
Mode of Payment	Online

Age Limit

Age Limit	Details
Minimum Age	21 years
Maximum Age	30 years
Crucial Date for Age Calculation	1 September 2024
Age Relaxation	As per rules

Educational Qualifications for NIACL AO Recruitment 2024

1. Generalists

Qualification Requirement	Details
Minimum Qualification	Graduate/Post Graduate in any discipline from a recognized University or equivalent
Percentage Requirement	General Candidates: At least 60% marks in the degree examination
Percentage Requirement	SC/ST/PwBD Candidates: At least 55% marks in the degree examination

2. Specialists

Specialization	Minimum Qualification	Percentage Requirement
Accounts	Chartered Accountant (ICAI) or Cost and Management Accountant (ICAI) and Graduation/Post Graduation in any discipline	General Candidates: 60% in Graduation/ Post Graduation SC/ST/PwBD Candidates: 55% in Graduation/ Post Graduation
Accounts	Or MBA Finance/PGDM Finance/M.Com

Important Notes

Aspect	Details
Recognition of Qualification	Educational qualifications must be from a University/Institution/Board recognized by the Government of India or approved by Government Regulatory Bodies.
Result Declaration Date	The result must be declared on or before 01.09.2024.
Document Requirement	Candidates must provide proper documentation from the Board/University showing the result was declared by 01.09.2024.
Mark-sheet/Certificate	Candidates must possess a valid mark-sheet/degree certificate as of 01.09.2024.
Integrated Dual Degree (IDD)	For candidates with IDD certificates, the date of passing must be on or before 01.09.2024.
Percentage Calculation	Percentage marks are calculated by dividing total marks obtained by the total maximum marks. Fractions like 59.99% will be treated as less than 60%.
CGPA/OGPA Conversion	Candidates with CGPA/OGPA must provide a certificate stating the norms for converting grades to percentage and the percentage of marks as per those norms.

Vacancy Details

Post Name	Total Vacancies	SC	ST	OBC	EWS	UR	PwBD	HI	VI	OC	ID/ Mul
Accounts	50	7	4	13	5	21	1	1	1	1	1
Generalists	120	18	8	32	12	50	2	2	1	4	–
Total	170	25	12	45	17	71	3	3	2	5	–

SC: Scheduled Caste
ST: Scheduled Tribe
OBC: Other Backward Classes
EWS: Economically Weaker Section
UR: Unreserved
PwBD: Persons with Benchmark Disabilities
HI: Hearing Impaired
VI: Visually Impaired
OC: Orthopedically Challenged
ID/Mul: Intellectual Disability/Multiple Disabilities

Probation Period

Aspect	Details
Probation Period	1 year from the date of joining duty
Extension	Can be extended twice by 6 months each, up to a total of 1 year
Examination Requirement	Must pass the non-life Licentiate Examination conducted by Insurance Institute of India
Confirmation of Services	Eligible for confirmation only after passing the examination
Failure to Pass Examination	Termination from service if examination is not passed within the extended probation period
Termination During Probation	The Company reserves the right to terminate services at any time during probation or extended period without notice or reason

Guarantee Bond

Aspect	Details
Service Bond	Minimum period of 4 years, including probation
Liquidated Damages	Equivalent to one year’s gross salary paid during probation, proportionately reduced based on service rendered
Indemnity Bond	Stamped Indemnity Bond executed by two sureties (not blood relatives) for an amount equivalent to one year’s gross salary
Resignation During Probation	Liable to pay gross salary received during service plus Rs. 25,000/- towards partial cost of training
Termination During Probation	Liable to pay gross salary received during entire service and Rs. 25,000/- towards partial cost of training
Leave Salary/Pension Contribution	No leave salary or pension contribution will be made

Emoluments & Benefits

Aspect	Details
Basic Pay	Rs. 50,925/-
Pay Scale	Rs. 50,925-2500(14)-85,925-2710(4)-96,765
Gross Emoluments	Approximately Rs. 88,000/- per month in Metropolitan Centers
Benefits	Coverage under National Pension System (NPS) governed by PFRDA, Gratuity, Leave Travel Concession (LTC), Medical Benefits, Group Personal Accident Insurance
Accommodation	Company’s / leased accommodation as per norms

Selection Process

Phase-I: Preliminary Examination

Name of Test/Section	Type of Test	Maximum Marks	Duration	Medium of Exam
English Language	Objective	30	20 min	English
Reasoning Ability	Objective	35	20 min	English/Hindi
Quantitative Aptitude	Objective	35	20 min	English/Hindi
Total	–	100	1 hour	–

Qualification Criteria: Candidates must qualify in each section by securing passing marks decided by the Company.
Shortlisting: Approximately 15 times the number of vacancies (subject to availability) will be shortlisted for the Main Examination.

Phase-II: Main Examination

(i) Objective Test

For Generalists

Name of Test	Type of Test	Maximum Marks	Duration	Medium of Exam
Test of Reasoning	Objective	50	40 min	English/Hindi
Test of English Language	Objective	50	40 min	English
Test of General Awareness	Objective	50	30 min	English/Hindi
Test of Quantitative Aptitude	Objective	50	40 min	English/Hindi
Total (Aggregate)	–	200	2.5 hours	–

For Specialists

Name of Test	Type of Test	Maximum Marks	Duration	Medium of Exam
Test of Reasoning	Objective	40	30 min	English/Hindi
Test of English Language	Objective	40	30 min	English
Test of General Awareness	Objective	40	25 min	English/Hindi
Test of Quantitative Aptitude	Objective	40	30 min	English/Hindi
Technical/Professional Knowledge in Discipline	Objective	40	35 min	English/Hindi
Total (Aggregate)	–	200	2.5 hours	–

(ii) Descriptive Test

Name of Test	Type of Test	Maximum Marks	Duration	Medium of Exam
Descriptive Test (Letter Writing & Essay)	Descriptive	30	30 min	English

Qualifying Marks for Descriptive Test: 15/30 (13.5/30 for SC, ST, and PwBD)
Note: Descriptive answers are evaluated only if candidates qualify the Objective Test.

Penalty for Wrong Answers

Aspect	Details
Penalty for Wrong Answers	One-fourth of the marks assigned to the question will be deducted.
No Penalty	For questions left unanswered.
Note	The Company reserves the right to modify the examination structure, which will be communicated via its website.

Phase-III: Interview

Aspect	Details
Shortlisting	Candidates shortlisted after Phase-II will be called for an Interview.
Interview Weightage	25% of the total weightage (Online Examination: 75%, Interview: 25%).
Interview Centres	Conducted at select centres; details of the centre, address, time, and date will be provided in the call letter.
Interview Call Letters	To be downloaded from the Company’s website.
Change Requests	Requests for changes in date, centre, etc., will not be entertained.
Company’s Discretion	The Company reserves the right to change interview details or hold supplementary processes under unforeseen circumstances.

Final Selection

Aspect	Details
Selection Basis	Based on consolidated marks from Main Examination (Objective Test) and Interview.
Final Merit List	Prepared in descending order of consolidated marks secured.
Appointment	Candidates falling within the number of vacancies on the merit list will be considered for appointment.
Batch Appointments	Selected candidates may be appointed in multiple batches as per the Management’s discretion.
Seniority	Determined by merit/select list order.
Waiting List	A Waiting List of candidates not exceeding 50% of the vacancies may be prepared and used if selected candidates do not accept the offer.
Tie-Breaking Criteria	a) Marks secured in the interview (higher marks preferred). b) Date of birth (senior in age preferred if interview marks are the same).
Medical Fitness	Appointment is subject to being found medically fit as per the Company’s requirements.
Service and Conduct Rules	Subject to the Company’s service and conduct rules.
Eligibility Check	Candidates must ensure they meet the age and qualification requirements as on the respective crucial dates. Ineligible candidates will be disqualified at any stage of recruitment.
No Automatic Right to Selection	Appearing in the Online Examination and Interview does not guarantee selection.