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NIACL AO Recruitment 2024: Admit Card Released For 170 Administrative Officer (GENERALISTS & SPECIALISTS) Scale-I

NIACL AO Recruitment 2024
NIACL AO Recruitment 2024

The New India Assurance Company Limited (NIACL) has officially released the Admit Card 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

AspectDetails
OrganizationThe New India Assurance Company Limited (NIACL)
Post NameAdministrative Officer (GENERALISTS & SPECIALISTS) Scale-I
Advt. No.CORP. HRM/ AO/ 2024
Total Vacancies170
SalaryRs. 88,000/- per month
Official Websitenewindia.co.in
Apply OnlineClick Here
Download Notification Click Here

Important Dates

EventDate
Application Start Date10 September 2024
Application End Date29 September 2024
Prelims Exam Date13 October 2024
Mains Exam Date17 November 2024

Application Fees

CategoryFee
Gen/OBC/EWSRs. 850/-
SC/ST/PWDRs. 100/-
Mode of PaymentOnline

Age Limit

Age LimitDetails
Minimum Age21 years
Maximum Age30 years
Crucial Date for Age Calculation1 September 2024
Age RelaxationAs per rules

Educational Qualifications for NIACL AO Recruitment 2024

1. Generalists

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

2. Specialists

SpecializationMinimum QualificationPercentage Requirement
AccountsChartered Accountant (ICAI) or Cost and Management Accountant (ICAI) and Graduation/Post Graduation in any discipline
  1. General Candidates: 60% in Graduation/ Post Graduation
  2. SC/ST/PwBD Candidates: 55% in Graduation/ Post Graduation
 Or MBA Finance/PGDM Finance/M.Com

Important Notes

AspectDetails
Recognition of QualificationEducational qualifications must be from a University/Institution/Board recognized by the Government of India or approved by Government Regulatory Bodies.
Result Declaration DateThe result must be declared on or before 01.09.2024.
Document RequirementCandidates must provide proper documentation from the Board/University showing the result was declared by 01.09.2024.
Mark-sheet/CertificateCandidates 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 CalculationPercentage 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 ConversionCandidates 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 NameTotal VacanciesSCSTOBCEWSURPwBDHIVIOCID/ Mul
Accounts50741352111111
Generalists1201883212502214
Total17025124517713325
  • 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

AspectDetails
Probation Period1 year from the date of joining duty
ExtensionCan be extended twice by 6 months each, up to a total of 1 year
Examination RequirementMust pass the non-life Licentiate Examination conducted by Insurance Institute of India
Confirmation of ServicesEligible for confirmation only after passing the examination
Failure to Pass ExaminationTermination from service if examination is not passed within the extended probation period
Termination During ProbationThe Company reserves the right to terminate services at any time during probation or extended period without notice or reason

Guarantee Bond

AspectDetails
Service BondMinimum period of 4 years, including probation
Liquidated DamagesEquivalent to one year’s gross salary paid during probation, proportionately reduced based on service rendered
Indemnity BondStamped Indemnity Bond executed by two sureties (not blood relatives) for an amount equivalent to one year’s gross salary
Resignation During ProbationLiable to pay gross salary received during service plus Rs. 25,000/- towards partial cost of training
Termination During ProbationLiable to pay gross salary received during entire service and Rs. 25,000/- towards partial cost of training
Leave Salary/Pension ContributionNo leave salary or pension contribution will be made

Emoluments & Benefits

AspectDetails
Basic PayRs. 50,925/-
Pay ScaleRs. 50,925-2500(14)-85,925-2710(4)-96,765
Gross EmolumentsApproximately Rs. 88,000/- per month in Metropolitan Centers
BenefitsCoverage under National Pension System (NPS) governed by PFRDA, Gratuity, Leave Travel Concession (LTC), Medical Benefits, Group Personal Accident Insurance
AccommodationCompany’s / leased accommodation as per norms

Selection Process

Phase-I: Preliminary Examination

Name of Test/SectionType of TestMaximum MarksDurationMedium of Exam
English LanguageObjective3020 minEnglish
Reasoning AbilityObjective3520 minEnglish/Hindi
Quantitative AptitudeObjective3520 minEnglish/Hindi
Total1001 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 TestType of TestMaximum MarksDurationMedium of Exam
Test of ReasoningObjective5040 minEnglish/Hindi
Test of English LanguageObjective5040 minEnglish
Test of General AwarenessObjective5030 minEnglish/Hindi
Test of Quantitative AptitudeObjective5040 minEnglish/Hindi
Total (Aggregate)2002.5 hours

For Specialists

Name of TestType of TestMaximum MarksDurationMedium of Exam
Test of ReasoningObjective4030 minEnglish/Hindi
Test of English LanguageObjective4030 minEnglish
Test of General AwarenessObjective4025 minEnglish/Hindi
Test of Quantitative AptitudeObjective4030 minEnglish/Hindi
Technical/Professional Knowledge in DisciplineObjective4035 minEnglish/Hindi
Total (Aggregate)2002.5 hours

(ii) Descriptive Test

Name of TestType of TestMaximum MarksDurationMedium of Exam
Descriptive Test (Letter Writing & Essay)Descriptive3030 minEnglish
  • 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

AspectDetails
Penalty for Wrong AnswersOne-fourth of the marks assigned to the question will be deducted.
No PenaltyFor questions left unanswered.
NoteThe Company reserves the right to modify the examination structure, which will be communicated via its website.

Phase-III: Interview

AspectDetails
ShortlistingCandidates shortlisted after Phase-II will be called for an Interview.
Interview Weightage25% of the total weightage (Online Examination: 75%, Interview: 25%).
Interview CentresConducted at select centres; details of the centre, address, time, and date will be provided in the call letter.
Interview Call LettersTo be downloaded from the Company’s website.
Change RequestsRequests for changes in date, centre, etc., will not be entertained.
Company’s DiscretionThe Company reserves the right to change interview details or hold supplementary processes under unforeseen circumstances.

Final Selection

AspectDetails
Selection BasisBased on consolidated marks from Main Examination (Objective Test) and Interview.
Final Merit ListPrepared in descending order of consolidated marks secured.
AppointmentCandidates falling within the number of vacancies on the merit list will be considered for appointment.
Batch AppointmentsSelected candidates may be appointed in multiple batches as per the Management’s discretion.
SeniorityDetermined by merit/select list order.
Waiting ListA 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 Criteriaa) Marks secured in the interview (higher marks preferred).
b) Date of birth (senior in age preferred if interview marks are the same).
Medical FitnessAppointment is subject to being found medically fit as per the Company’s requirements.
Service and Conduct RulesSubject to the Company’s service and conduct rules.
Eligibility CheckCandidates 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 SelectionAppearing in the Online Examination and Interview does not guarantee selection.

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