Hello sir, my brother is got a job in NIACL for assistant post. He wants to know that how much amount is offered by NIACL. Will you please provide me NIACL Assistant Salary detail?

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

Eligibility for assistant:

Graduate from a recognized University OR Pass in HSC/Equivalent (XII pass) examination with 60% marks (50% for Ex-servicemen, SC/ST and Persons with Disabilities);

Age:

Minimum Age: 18 years;
Maximum Age: 30 years

Scale of Pay (Pre-revision): 7640-440(1)-8080-480(2)-9040-540(5)-11740-625(2)-12990-760(3)-15270- 790(2)-16850-840(5)-21050.

It has its Headquarters at Mumbai.

It was founded in 1919, and was nationalised in 1973.

It was a subsidiary of GIC – General Insurance Corporation of India, previously.

Salary : Insurance Assistant – 15,000 per month

Promotion : Insurance Assistant to AO – 3 Years

Accommodation

There are three types of accommodation

Bachelor: 2 BHK, 4 sharing with all the necessary amenities. 300 will be deducted from your

salary. E-bill you have to pay.

Flats: There are company flats which are given to married or who has family. Most of the
time you won’t get company flats because they will be occupied by the seniors.

Lease: Lease basically means you rent a flat for yourself and company will pay a fixed amount to the

owner. Amount is based on the category of the city. As of now in Bangalore they pay 13000 towards rent.

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.