Overview

About NIACL and NIACL-AO Exam

New India Assurance Co. Ltd was founded by Sir Dorabji Tata, incorporated on 23rd July 1919. In addition, today, a Multinational General Insurance Company operates in 28 countries. Not only this, it’s headquarters in Mumbai, India. Moreover, NIACL is widely appreciated and recognized for its employee-friendly working culture.

NIACL-AO Exam 2021 Highlights

Unlike other banking exams conducted every year, NIACL opens up the recruitment process as their internal vacancy. Accordingly, NIACL invites applications from the open market. Therefore, for its recruitment process, vacant posts of Administrative Officers, both generalist and specialist in the Scale-I cadre, which includes the discipline of Company Secretary, Legal and Finance & Accounts.

NIACL-AO 2021 Important Notification

Furthermore, NIACL has not released the NIACL-AO 2021 notification. But as per the previous exam pattern, it can be conducted any time around December or January. However, the duration between Preliminary and Mains is around a month.

As soon as the exam authority notifies the dates, you can find the updated dates on this page.

Application Fee

Moreover, the timeline for the application is around two weeks, post which there is no late fee window. Below are fee details.

• Most importantly, the application fee is non-refundable under any circumstances.
• Additionally, the transaction charge, if applicable, is to be borne by the candidate.

NIACL AO 2021Eligibility Criteria

Also, to be an eligible candidate for the NIACL-AO examination, the candidate has to match certain criteria. Here are the details of the conditions laid down by NIACL.

In addition, the candidate applying for recruitment in the Company must be either-

1.Nationality

1. Most importantly, A citizen of India, Or the subject of Nepal, Or A subject of Bhutan,  Or a Tibetan refugee who came over to India before 1st January 1962 to permanently settle in India,  Or A person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania, Zambia, Malawi, Zaire, Ethiopia, and Vietnam intending to settle in India permanently.

However, Provided that a candidate belonging to categories (b), (c), (d), and (e) shall be a person in whose favor the Government of India has issued a certificate of eligibility.

2.Educational Qualification

1. A) Generalist Position:

Also, for a generalist position in the company, a candidate must have the minimum qualification of a graduate/post-graduate in any discipline. Moreover, it should be from a recognized University or any equivalent qualification recognized by Central Government. Along with that;

B) Specialist Position:

Meanwhile, for joining in as a specialist, the company has set some high standards regarding qualifications expected from candidates. Below are the minimum qualifications the candidate must possess.

3. Age Limit

• Meanwhile, the minimum age set by the NIACL to appear on the exam is 21 years.
• On the contrary, the maximum age is 30 years.

Moreover, a few relaxations have also been granted to candidates under reserved categories concerning the Upper Age Limit:

NIACL AO Vacancies

In addition, the NIACL exam governing body declared the number of vacancies at the time of the release of exam notifications. However, the last recruitment notification was in 2018 when New India Insurance Co. Ltd announced a vacancy of 312 posts. Also. The exact number is expected to receive this year’s awaited information and will be confirmed as soon as NIACL releases any information. However, the vacant positions are filled as per the reservation rules and regulations prevailing at the point of time. Moreover, as per 2018, vacant positions were distributed in the following manner :

Since the above vacancies are provisional and may vary according to the Company’s actual requirements at the material time.

NIACL AO Salary

However, the pay scale at New India Assurance Co. Ltd. is very respectable and covers all significant employee benefits. Consequently, the Basic pay is Rs. 32,795/- on the scale of Rs. 32795-1610(14)-55335-1745(4)- 62315, whereas other admissible allowances as applicable. Overall emoluments will be approximate Rs.51,000/- p.m. at Metropolitan Centers. Apart from that, other benefits include coverage under the National Pension System governed by PFRDA, Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance, etc., which shall be as per the rules. On the contrary, Officers are also entitled to Company’s / leased accommodation as per norms. Alternatively, salary scales are due for revision w.e.f Aug 2017.

NIACL AO Syllabus

Moreover, the NIACL examination syllabus tests speed, accuracy, thinking ability, problem-solving skills, and general awareness.  Hence, the subjects included in the exam are Reasoning, Quantitative Aptitude, English Language, General Awareness, and Subject Matter Expertise.

NIACL AO Exam Pattern

To finally work with NIACL, candidates are tested in three phases. Therefore, candidates need to understand the exam pattern. Apart from that, out of the three phases, Phase-I: is Preliminary Selection, Phase-II: contains the  Main Examination, and Phase-III: and the final phase is a Personal Interview round.

Phase-I Examination

However, the first stage of the NIACL examination is the Preliminary Exam. Since there are maximum candidates at this stage, the competition is at the highest level. The Preliminary Examination is an objective-based test, including three sections combined for 100 Marks conducted in Online Mode. Moreover, each team carries 35 marks of weightage, and the time allotted is 20 Mins for each section. Both Hindi and English languages are available to choose from as a mode of test language except for the English department.

Phase-II: Main Examination

Moreover, to secure a position inside the company, the candidate’s level of preparation must be very accurate and in the right areas of the requirements. Also, the difficulty level of the exam rises significantly in the Mains. Like the Preliminary exam, Mains will also consist of the Objective Test of 200 Marks. Thus, each section carries 50 marks of weightage for Generalist and 40 marks for Specialist.

Additionally, the time duration is 120 Mins for the entire exam. Meanwhile, both Hindi and English languages are available. Choose from except for the English section, as a mode of test language. Also, a Descriptive Test of 30 Marks is done immediately after completion of the Objective Test. Both tests are in Online Mode.

FOR GENERALISTS

FOR SPECIALISTS

Most importantly, each candidate will have to obtain a minimum score for each section of the objective test separately for shortlisted for the Descriptive Test Evaluation.

Descriptive Test:

Above all, the Descriptive Test is of 30 minutes duration, and the entire test will be a Test of the English Language, which is bifurcated into Letter Writing-10 marks & Essay Writing -20 marks. Also, the descriptive test will be in English and will be conducted in online mode.

Apart from that, descriptive answer scripts will only be evaluated for those candidates who qualify in the Objective Tests. Moreover, depending on the number of vacancies available, the NIACL examination body will decide the cut-offs for Descriptive paper evaluation.

Phase-III: Personal Interview

Additionally, candidates who qualify Mains Exam will be further shortlisted and subsequently be called for an Interview. It’s also conducted by the Company. Interviews for final selection will be conducted at select centers finalized by NIACL. Therefore, the interview score carries a weightage of 20% in the overall score rest. 80% is from the Mains Exam.

Admit Card

Most importantly, to download the admit card for both Phase-I and Phase-II, which is done separately. Therefore, candidates must check the official website of NIACL, i.e., http://newindia.co.in. Candidates will also be updated through SMS on their registered Mobile Number and through E.Mail on their registered email id with NIACL. However, once the candidate lands on the above link, they will download the soft copy version of the admit card by accessing the window to admit card download. Moreover, the following details should be with the candidate during the time of downloading the admit card. As it can be used to extract the admit card:

• Registration Number/Roll Number
• Password/Date Of Birth

Therefore, for a candidate appearing NIACL-AO exam, the following three combined documents will act as an Admit Card:

1. Printed admit card with a passport photo attached
2. Original Photo Identity Proof.
3. Photocopy of the Original Photo Identity

Results

Most importantly, the results for NIACL-AO releases results on the official website of NIACL https://www.newindia.co.in/portal/.  Additionally, the results will be announced within a few weeks after the exam exams are concluded. Apart from that, candidates can check their results and access their mark sheet through their login credentials on the website’s recruitment page https://www.newindia.co.in/portal/readMore/Recruitment. NIACL also separately releases a list of Roll Numbers of candidates who have cleared their exams. Hence, candidates can take either of the ways to know about their final results.

How To Apply?

Applying for NIACL-AO is the initial and most crucial step in the entire journey. As many technical details are to be kept in mind. Most importantly, the key is not to miss out on the minute requirements asked during the form fill-up process. There are no setbacks or hurdles seen in the latter part, and the approval authority does the processing of your application swiftly.

Also, the entire application process can be broadly divided into three steps :

1. Application Registration
2. Payment of Fees
3. Scanning and Uploading

Application Registration

• Open the official website of NIACL http://newindia.co.in. Then click on the “Apply Online” option.
• Next, choose the tab “Click here for New Registration” and fill in the details of your Name, Contact details, and Email-id.
• After the final check of the details is done, proceed to save your application by clicking the “Validate your details” and then on the “Save & Next buttons.”
• After Validation, candidates can scan and upload all the specified documents, i.e., Passport photograph, Signature, left thumb impression, and a handwritten declaration.
• Now, click on the Preview Tab check the completed application form.
• Subsequently, candidates make a final verification of the details supplied, as no changes are entertained after clicking the “Final Submit.”
• After “Final Submit,” click on the “Payment” tab
• Finally, any online method can be used to complete the transaction. (Debit Card, Credit Card, Internet Banking, Mobile Wallets)

FAQ’S

Q. What is the minimum age to apply for the NIACL-AO exam?

A. The minimum age is  21 years, and the maximum is 30 years as of 31.12.2021/ Also with relaxation in the upper limit to specific categories of individuals.

Q. In how many job posts can a candidate apply for?

A. Candidates can apply for any ONE discipline only. Hence, applications made to more than one discipline will render all the applications of the candidate invalid.

Q. What is the probation period for the job post once selected?

A.A candidate is appointed in the Officers’ cadre on regular payrolls of the Company. However, they shall be on probation for a minimum of one year from the date of joining duty. However, the probation period may increase twice by a further period of six months, stretching up to one year.

Q.Is there any guarantee bond that the candidate who qualifies is required to undertake?

1. Before joining the candidate have to give the undertaking of serving the company for a minimum of four years, which furthermore includes the probation period.

Q.Is there any negative marking for wrong answers?

A. Yes, for every wrong answer, the 1/4th mark will be deducted. However, no marks have been removed for questions that have not been answered.