NIACL Assistant Salary: Check Pay Scale, Allowances & Other Benefits

NIACL assistants are eligible to receive a fixed basic salary along with various allowances. The initial in-hand NIACL Assistant salary is Rs 23,500 in a metro city and this increases gradually. As per current salary structure, a new joinee will be paid as below:

Rs 14435-840(1)-15275-915(2)-17105-1030(5)-22255-1195(2)-24645-1455(3)-2901 0-1510(2)-32030-1610(5)-40080

The table below gives the detailed NIACL Assistant salary:

Apart from salary, employees are entitled to receive various other benefits, such as - 

• House Rent Allowances
• Dearness Allowance
• Medical Benefits
• Leave Travel Subsidy
• Leave encashment
• Staff Welfare Schemes

These allowances are revised yearly and most of the cases these ate increased keeping in mind the market condition, location of posting and performance of the employees.

Read More: NIACL Assistant Notification 

A new joinee as assistant in NIACL will be overseeing mostly three key roles, Underwriting, Claims and accounts.

Underwriting – Employees are expected to draft policies, gathering finance-related data and other business-related information that will be used for business development.

Claims – Examining insurance claims, verifying the veracity of the claims, renewing insurance policies, leading the customers with the methods to proceed with claims and maintaining customer queries and records.

Accounts- Processing payments, prepare balance sheets, keeping track of the financial transactions and accounting.

NIACL offers substantial career growth for the assistants. There are a lot of scopes for internal promotions. Candidates need to qualify certain exams for promotions. Promotions also happen as per seniority in service.