Course Details

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NIACL AO Prelims Admit Card has been released

Commencement of Call letter Download : 08/01/2019
Closure of Call letter Download : 30/01/2019

click here to download

Kindly note :

Date of Phase-I Online Examination (Objective) (Tentative) : 30.01.2019

Date of Phase-II Online Examination (Objective + Descriptive) (Tentative) : 02.03.2019

Start date for Online Registration : 10.12.2018

Last date for Online Registration : 26.12.2018

Download of Call Letter for Phase - I Examination starts : 8.1.2019

Closure of Call letter Download : 30.1.2019

The New India Assurance Company Ltd.(NIACL), a leading Public Sector General Insurance Company & wholly owned by Government of India, invites applications for recruitment of 312 Officers (Generalist & Specialists) in Scale I cadre from open Market. Eligible candidates may apply through online.

click Here For NIACL AO Onine Mock Test Series
 

TOTAL NO. OF VACANCIES For NIACL AO : 312

The vacancies are provisional and may vary according to the actual requirements of the Company at the material time.  

ELIGIBILITY CRITERIA For NIACL AO (as on 01.12.2018) : 

A)  Nationality :  

A candidate applying for recruitment in the Company must be either - 

(a) a citizen of India, or

(b) a subject of Nepal, or

(c) a subject of Bhutan, or

(d) a Tibetan refugee who came over to India before 1st January, 1962 with the intention of permanently settling in India, or

(e) 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 with the intention of permanently settling in India.   Provided that a candidate belonging to categories (b), (c), (d) and (e) shall be a person in whose favour a certificate of eligibility has been issued by the Government of India.

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B) Educational Qualification (as on 01.12.2018) 

Generalists : A candidate must possess the minimum qualification of a graduate/post graduate in any discipline from a recognised University or any equivalent qualification recognised as such by Central Government with at least
60% marks in either of the degree examination for General candidates and at
least 55% marks for SC/ST/PwBD candidates.

Specialists:  A candidate must possess the minimum qualification as follows. The
qualification should be from a recognised University or any equivalent qualification recognised as such by Central Government.

Company Secretary : ACS/FCS from ICSI and Graduation/Post-graduation in any discipline with minimum 60%
Legal : Graduate/Post-graduate in Law with min 60% (55% for SC/ST/PwBD)
Finance & Accounts : Chartered Accountant (ICAI) and Graduation/Post-graduation in any discipline with min 60% (55% for SC/ST/PwBD)
Or
Cost and Management Accountant (The Institute of Cost Accountants of    India, earlier known as ICWAI) and Graduation/Post-graduation in any  discipline with min 60% (55% for SC/ST/PwBD)
Or
MBA Finance/PGDM FINANCE withmin 60% (55% for SC/ST/PwBD)
Or
M.COM with min 60% (55% for SC/ST/PwBD)

MBA/PGDM Finance candidates must furnish certificate from university confirming their specialization in finance at the time of interview, failing which they will not be allowed to appear for the interview.

C) Age – (As on 01.12.2018):

Minimum Age : 21 years   
Maximum Age :30 years, as on 01.12.2018
i.e. a candidate must have been born not earlier than 2nd Dec-1988 and not later than 1st Dec-1997 (both dates inclusive).

Emoluments and Benefits : Basic pay of Rs.32,795/-in the scale of Rs.32795 - 1610 (14)-55335-1745(4)-62315 and other admissible allowance as applicable. Total emoluments will be approximately Rs.51,000/-p.m. in Metropolitan Centers. Other  benefits such as coverage under National Pension System governed by PFRDA,  Gratuity, LTS, Medical  Benefits, Group Personal Accident Insurance etc. shall be as  per rules. The Officers are also entitled for Companys / leased accommodation as per norms.

Service Conditions:

The service conditions will be applicable as per the prevalent rules of the Company from time to time. Selected candidates on appointment may be posted or transferred to any place in India as may be decided by the Company.
Please note that most of the aforesaid vacancies are in areas under our Hubli, Raipur and Madurai Regional Offices as well as in Mumbai and its suburbs, Ratnagiri, Raigad & Sindhudurg districts of Maharashtra and the states of Goa & Gujarat.
The minimum stay at the initial place of posting will be 5 years.
Vacancies for Company Secretary discipline are in Mumbai only.  

Probation :

A candidate appointed in the Officers cadre on regular pay rolls of the Company shall be on probation for a period of one year from the date of joining the duty. The probation period may be extended twice by a further period of six months at a time stretching up to one year.  

During the probation period the Officers would be required to pass the non-life “Licentiate Examination” conducted by Insurance Institute of India. Only after passing the said examination the Officer will be eligible for confirmation of his/her services in the Company. Failure to pass the said Examination within the extended probation  period will render the officer liable to be terminated from service on expiry of the period so specified.  

The Company reserves the right to terminate the services of the candidate if found unsuitable at any time during the probation period or the extended probation period without any notice or assigning any reason thereof.

Guarantee Bond :

Before joining as probationer, the selected candidates will be required to give an undertaking to serve the Company for a minimum period of four years including probation period. In the event of their resigning from the Company before the expiry of the bond period, they will be liable to pay liquidated damages equivalent to one year’s gross salary paid to them during the year of probation which could be proportionately reduced depending on the length of service rendered. Besides, he/she will have to submit a stamped Bond duly executed by two sureties (not blood relatives) of sound financial standing for an amount equivalent to one year‟s gross salary.

Candidates resigning from the Company during the probation period and candidates whose services are terminated by the Company during the probation period shall be liable to pay the salary received by them during their entire service in the Company in addition to an amount of Rs.25,000/- towards partial cost of training. No lien/bond executed to retain a substantive post with present employer will be binding upon the Company and no Leave Salary or Pension Contribution will be made.

SELECTION PROCEDURE For NIACL AO :
Phase - I: Preliminary Examination
Preliminary Examination consisting of Objective Tests for 100 marks will be conducted online. This would consist of 3 sections as follows :

English Language
Reasoning Ability
Quantitative Aptitude

Phase – II : Main Examination
Main Examination will consist of Objective Tests for 200 marks and Descriptive Test for 30 marks.
Both the Objective and Descriptive Tests will be online.
Candidates will have to answer Descriptive Test by typing on the computer.

Phase – III : Interview

Final selection : Final selection would be based on consolidated marks of main examination (objective test) & Interview.

HOW TO APPLY For NIACL AO :

Candidates can apply online only from 10.12.2018 to 26.12.2018 and no other mode of application will be accepted.

Candidates to go to the Company‟s website http://newindia.co.in and click on the option "APPLY ONLINE" which will open a new screen.

Application Fees /Intimation Charges(Non-refundable) :  

Payable on-line from 10.12.2018 to 26.12.2018 (both dates inclusive) 

The payment can be made by using Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS,Cash Cards/ Mobile Wallets.

*The transaction charge, if applicable, is to be borne by the candidate. Fee/ Intimation charges once paid will NOT be refunded on any account nor can it be held reserve for any other examination or selection.  

For more details visit

https://www.newindia.co.in/cms/d0468c0e-105f-4b95-bf16-8663aa637630/Detailed%20Advertisement%20for%20the%20Recruitment%20of%20312%20Administrative%20Officers%20(Generalists%20and%20Specialists)%20(Scale%20I)%202018.pdf?guest=true

 https://www.newindia.co.in/portal/readMore/Recruitment

Kindly Note : The information provided here is just indicative information and is provided on "as is" and "as available" basis . We make no claims on accuracy and reliability of the information. For correct/current information kindly contact concerned college/institution/authorities.