NIACL Assistant Recruitment 2021: Salary, Exam Pattern

NIACL Assistant Recruitment - New India Assurance Company Limited

New India Assurance Company Limited (NIACL) is one of the prestigious Insurance companies in the country. It is a Public Sector General Insurance Company established in 1919 by Sir Dorabji Tata and nationalized in 1973. It operates both in India and abroad. NIACL conducts a NIACL Assistant exam from time to time for recruitment of Class III Assistants. In this article, we shall see all important information related to NIACL Assistant Recruitment 2021 exam such as Exam Date, Eligibility criteria, Syllabus, Application Fee, Apply Online, Exam Pattern, Vacancy, Salary, Job profile, etc. It is worth noting that NICAL is is a company with strong financials. It is rated as AAA/Stable by CRISIL and A by AMBEST. These ratings indicate the credit strength and overall financial health of the company.

NIACL Assistant Exam Highlights

Name NIACL Assistant Exam
Conducted by New India Assurance Company Ltd.
Level National
Frequency Once a year
Mode of Exam Online
Duration Prelims – 1 Hour Mains – 2 Hours
Languages English, Hindi
Fee General/OBC – ₹600
SC/ST/PWD/Ex-Servicemen – ₹100
Purpose Recruitment of Class III Cadre Assistant
Helpdesk No. 022-22708100 022-22708400
Official Website https://www.newindia.co.in/

NIACL Assistant Exam Important Dates

The dates for the 2021 cycle of Exams are yet to be notified. However, looking at previous trends can give us a brief idea of expected dates. Here is the list of tentative dates.

Event Expected Dates
NIACL Assistant Notification Date December 2020
Online Application Starts January 2021
Last Date of NIACL Online Application January-February 2021
Payment of Application Fees January-February 2021
NIACL Assistant Exam Date 2020 (Prelims) NA
NIACL Mains Exam Date 2020 NA
Admit Card Download Date NA
NIACL Mains Result Date NA

NIACL Assistant Vacancy

NIACL hasn’t notified the no. of Posts for recruitment. However looking at the previous trends of no. of vacancies, we can take a guess regarding posts. The following table indicates the total no. of a vacancy in the 2018 cycle.

Category wise NIACL Assistant Vacancies (Provisional) 2018

SC ST OBC GEN Total
105 60 113 375 653

Category wise Backlog Vacancies

SC ST OBC Total
4 10 18 32

From the above table, it can be expected that around 650-680 posts will be released in the coming cycle. However, it may vary according to the requirements of NIACL.

NIACL Eligibility Criteria

There are certain requirements that candidates have to fulfill in order to be eligible to sit for the NIACL Assistant exam. The criteria are Age Limit and Education Qualifications.

Age Limit

  • The Minimum age is 21
  • The Maximum age is 30

Upper age Limit relaxation has been provided for candidates of certain categories. Please check the table below.

Category Relaxation
SC/ST 5 years
OBC 3 years
PWD 10 years
Ex-servicemen/ Disabled Ex-servicemen The actual period of service + 3 years,
subject to a maximum age of 45 years.
Widows, Divorced women & legally separated single women 5 years
J&K domiciled candidates from 1-1-80 to 31-12-89 5 years
Existing Employees of NIACL 5 years

Educational Qualifications

  • Must be a graduate in any stream from a recognized University.
  • Must have English in SSC/HSC/Intermediate/Graduation as a subject.
  • The candidate must be proficient in the state language of the state from where he/she has applied.

How to apply for the NIACL Assistant Exam?

  1. Visit the official website of NIACL.
  2. Click on the “New Registration” link.
  3. Fill up the application form with the required details.
  4. Scrutinize the Application Form once again before proceeding with the next step.
  5. Upload the photograph and the scanned documents as asked.
  6. Crosscheck the application form and click on “Submit”.
  7. Pay the registration fee online using Net Banking/ Credit Card/ Debit Card, etc.
  8. Take a printout for future reference.

NIACL Assistant Exam Pattern

Exams for NIACL are conducted on 2 levels, i.e., Preliminary and Mains. The preliminary Exam is of 1-hour duration and Mains is of 2 hours duration. The below tables indicate the pattern of the paper.

NIACL Assistant Preliminary Test Exam Pattern

NIACL Prelims consists of 3 sections. Quantitative Ability, Logical Reasoning, and English. Each section is of 20 minutes duration and has to be attempted in the allotted time only. No. of questions is 100, and the maximum marks that can be obtained are also 100.

S. No. Test Name No. of Questions Maximum Marks Duration
1. English Language 30 30 20 minutes
2. Logical Reasoning 35 35 20 minutes
3. Quantitative Ability 35 35 20 minutes
Total 100 100 1 Hour

NIACL Assistant Mains Exam Pattern

NIACL Mains has 5 sections including Quantitative Ability, Logical Reasoning, English, General Awareness, and Computer. There are 40 questions in each section, and the total duration of the exam is 2 hours. The total no. of questions is 200, and the maximum marks that can be obtained are 250.

Test Name No. of Questions Maximum Marks Duration
Quantitative Ability 40 50 2 hours
English Language 40 50
Logical Reasoning 40 50
General Awareness 40 50
Computer 40 50
Total 200 questions 250 marks

NIACL Assistant Exam Syllabus

NIACL Exam syllabus includes Quantitative Ability, Reasoning Skills, proficiency in the English Language, and knowledge of Computers. Important topics in each of the sections form the syllabus, which is given below in the following table.

Subjects Topic
Quantitative Ability
  • Data Interpretation
  • Sequence & Series
  • Simplification
  • Approximation
  • Quadratic Equations
  • Arithmetic
  • Probability
  • Data Sufficiency
English Language
  • Reading Comprehension
  • Cloze Test
  • Spotting Errors
  • Sentence Improvement
  • Para Jumbles
  • Fillers
  • Para Completion
Logical Reasoning
  • Puzzles
  • Seating Arrangement
  • Inequality
  • Syllogism
  • Input-Output
  • Coding-Decoding
  • Data Sufficiency
  • Verbal Reasoning
  • Miscellaneous
Computer Knowledge
  • Fundamentals of Computer
  • History of Computer
  • Internet
  • MS Office
  • Memory
  • Input-Output devices
  • Computer Shortcuts
  • Important Abbreviations

NIACL Assistant Job Profile

NIACL Assistant is a job at the clerical level. He/She has the responsibility of Data Entry Operations and assisting the AOs in designated sections. They are mainly responsible for Underwriting, Claims, and Accounts.

Underwriting:

  • It is a data entry process.
  • Involves acceptance of proposals.
  • Involves signing/issuing of policies.
  • Involves Computer use to enter, access, and retrieve financial data.

Claims:

  • Involves legal/non-legal aspects of claims of Customers.
  • Involves applying an insurance rating system.
  • Calculating the amount of claim.
  • Review insurance policy to determine coverage.
  • Transmit claims for further investigation.
  • Attach information to the claim file.

Accounts:

  • Involves payments
  • Preparation of balance sheets.
  • Accounting transactions

NIACL Assistant Salary Structure

  • Initial payment of NIACL Assistant in hand is ₹23,500 in a metro city, along with several allowances like Newspapers, Leave, etc.
  • As per NIACL Notification, they are eligible for a pay scale of ₹ 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-29010-1510(2)-32030-1610(5)-40080.
  • Several pieces of training are imparted to the candidates after the selection for learning about partial aspects of banking.

NIACL Assistant Increments

  • Assistants have to clear 3 exams – Licentiate, Associate, and Fellowship. There is an increment at the end of each step.
  • An increment of ₹1550 is applicable after completion of the Fellowship.
  • Position depending allowances are also in the post.

NIACL Assistant Other Benefits

  • Accommodation Benefits in Metro Cities.
  • Good no. of leaves, including casual leave, Sick Leave, etc.
  • A 5-day job with less workload and decent life with no pressure from the Boss.

NIACL Assistant Career Growth

There is a Fast track promotion system in NIACL. Candidates are promoted according to their performance. The hierarchy of promotion/career growth in NIACL is mentioned below.

  • Assistant
  • Administrative officer
  • Senior Administrative Officer
  • Assistant Manager
  • Manager
  • Senior Manager
  • Insurance Specialist
  • Director/CEO

NIACL Assistant Exam 2018 Prelims Cutoff

Before starting preparation for any exam, it is necessary to check the syllabus and the cut-off marks for the Exam. Cut-off marks for the 2018 Exam are available and are mentioned below. This will help in preparation for the exam.

Category T1 T2 T3
English Language Logical Reasoning Quantitative Aptitude
Maximum Marks: 30 Maximum Marks: 35 Maximum Marks: 35
SC, ST, OBC, PC, Ex-Servicemen 11.00 11.00 13.50
GENERAL 14.75 16.25 17.75

NIACL Exam Admit Card

Admit Card for NIACL Assistant Exam is released 15-20 days before the actual Exam. For every stage, a separate admit card will be issued, and the candidate must download and take its printout before appearing for the exam.

Given steps must be followed while downloading the Admit Card.

  1. Visit the official Website of NIACL.
  2. Click on the recruitment section.
  3. Click on NIACL Assistant 2021 Admit Card.
  4. Enter the required details. (Registration No. and Date of Birth)
  5. Click on Submit Button.
  6. Admit Cards will be displayed on Screen.
  7. Download it and take its printout.

NOTE: Test Centre will be mentioned on the Admit Card. The candidate is allowed to sit in the exam at the allotted test center only. The candidate will not be entertained at any other center except the one mentioned in the Admit Card.

NIACL Assistant Exam Results

The results of the NIACL Assistant Exam will be declared 20-25 days after the Exam. Results for both Prelims and mains are declared separately, whenever they are conducted. Results are declared on the official website of NIACL and can be checked by the candidates there.

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