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

Updated on Jan 5, 2021 01:35 IST

By Rachit Kumar Saxena, Manager-Editorial

NIACL assistant salary is one of the reasons many candidates want to join the service. Every year a huge number of candidates appear for the exam, indeed, the level of competition is high. Candidates need to prepare hard to qualify different levels of the exam and to be able to reach the final stage of the NIACL assistant recruitment. Candidates often search for NIACL assistant salary and job profile to develop an overall understanding on the same. This page will answer all queries relating to NIACL assistant salary.

Table of contents

NIACL Assistant salary
NIACL assistant Various Allowances
NIACL assistant Job Profile
NIACL Assistant Career Growth

NIACL Assistant salary

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:

Particulars	NIACL Assistant Salary
Initial pay scale		Rs 14,435
After Increment (multiple increments)		Rs 40,080

NIACL assistant Various Allowances

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

NIACL assistant Job Profile

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 Assistant Career Growth

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.