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NEW INDIA ASSURANCE RECRUITMENT

New India Assurance Company Limited is a Mumbai-based Public Sector General Insurance Company established in 1919 by Sir Dorabji Tata and nationalized in 1973. It operates both in India and abroad. It has been rated AAA/STABLE by CRISIL indicating the highest degree of credit strength. It is the only direct insurer in India that has been rated A by AM Best, indicating its strength.

NIACL Assistant Exam : NIACL Eligibility Criteria

  • The age of candidate must be between 21 and 30.
  • Upper age relaxation has been provided for candidates of certain categories:

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 during 1-1-80 to 31-12-89

5 years

Existing Employees of NIACL

5 years

Educational Criteria

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

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 Assistant Exam has a vast syllabus of general nature. It 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 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 Preparation Strategy

To crack a major exam, it becomes necessary to follow a plan and stick to it. It is necessary that the candidate must know all the pros and cons of each step and take them warily. The following are some general tips for preparation.

  • Prepare a study plan, and be consistent with it.
  • Practice regularly with a different set of questions of varying difficulty.
  • Ensure maximum accuracy to crack the exam.
  • Follow a test series before the exam to check yourself in a mock test environment.
  • Analyze previous year question papers and attempt them genuinely.
  • Keep tracking your progress regularly.
  • Increase your strength in at least one of the subjects.
  • Refer to the subject wise tips as given below.

Tips for Quantitative Ability

  1. Practice all levels of questions focussing more on the difficulty level.
  2. Properly understand the concepts, especially of Ratios.
  3. Try to increase your calculation speed with no reduction in accuracy.
  4. Don’t mug up the formulae. Understand them, and practice frequently.

Tips for Logical Reasoning

  1. Focus more on Puzzles and Seating Arrangement type questions as they have a high probability to come in Exam.
  2. For coding-decoding questions, keep practicing a new pattern of questions to increase your experience.
  3. Understand the basics clearly before proceeding to tough level questions.

Tips for the English language

  1. Read the newspaper daily, and make a precise editorial section daily.
  2. Learn 10 new words daily to increase your vocabulary.
  3. Strengthen your grammar section to score more in exams.

Tips for General Awareness

  1. Go through static GK once, and keep revising it from time to time.
  2. Go through one-liners regularly to gain more knowledge.
  3. Read the newspaper daily as it’ll improve your English and help you get more knowledge about the world as well.

Tips for Computer Knowledge

  1. Make yourself clear with the basics.
  2. If possible, study one chapter every day for this section.
  3. Attempt quizzes on a daily basis.
  4. The syllabus is not very vast, and high scores can be achieved. So, try to make this section your strength.

Website: https://naclind.com

NIACL AO Exam Date, Call Letter, Job profile, Vacancy, Syllabus

What is NIACL AO?

The NIACL AO is a recruitment drive conducted by the NIACL General Insurance Company for the Administrative Officer posts. The full form of NIACL AO is New India Assurance Company Limited Administrative Officer.

NIACL AO Job Profile for Specialists and Generalist

Aspirants who are appointed under AO generalists in NIACL have to perform the following:

  1. Claim settlements
  2. Supervision of Assistant work
  3. Risk Assessment
  4. Underwriting
  5. Verification of risk proposals
  6. Verification and authorization of claims

The three jobs under NIACL AO specialists are company secretary, legal officer and finance & accounts officer.

  • Company secretary: The post company secretary involves,
    • Efficient administration to ensure that the decisions made by the board’s directors are being implemented.
    • Maintenance of compliance with statutory and regulatory requirements.
  • Legal officer: Under this post, a candidate must handle all legal affairs of the company that involves,
    • Preparing legal documents
    • We are providing legal assistance in several objects faced by the firm.
    • Scrutinizing the errors
    • She is handling the contracts and agreements made by the company.
  • Finance and accounts officer: The profile of an employee under the NIACL AO finance and accounts department involves:
    • Management of financial documents of the company
    • Sending of bills
    • Processing the refunds
    • Resolving billing issues
    • Relationship with collection agencies on past-due accounts
    • Preparation of budgets
    • Management of records and receipts
    • Reconciliation of transactions
    • Preparation of balance sheets

The salient significances of NIACL AO recruitment and notifications:

  • The NIACL AO examination is conducted by a new India assurance company limited to appoint most eligible candidates as administrative officers in various cadres.
  • The NIACL AO examination is not being conducted annually.
  • The new India assurance company limited is the board of conduction.
  • Notifications for the candidates are released on the official website of the firm to seize a recruitment drive according to the needs of the company.
  • The firm also conducts NIACL assistant examination.

NIACL AO Eligibility

Candidates appearing for the NIACL AO examination must convince the following terms:

  • Nationality
  • Educational quality
  • Age limit and relaxations

Nationality

To take up the examination, a candidate must fall under any of the following categories:

  • An Indian citizen,
  • A candidate of Nepal,
  • A subject from Bhutan,
  • A Tibetan permanent immigrant who had come to India to settle before January 1, 1962.
  • A candidate of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, Zambia, Zaire, Malawi, the United Republic of Tanzania and Vietnam.
  • The Government of India should have issued the immigrants the immigrant candidates with a certificate of eligibility.

Educational qualification

The minimum qualification needed for a candidate to appear for the NIACL AO examination is either an undergraduate degree or a postgraduate degree from any state/central government acknowledged university.

  • Candidates who belong to SC/ST/PWD/EWC categories should at least have a minimum score of 55%.
  • Candidates under the categories of General/OBC should at least have a minimum score of 60%.

For the candidates applying for the position of specialist cadre, the minimum qualifications are mentioned below.

Discipline 

Minimum qualification for SC/ST/PWD/EWC candidates

Minimum qualification for General/OBC candidates

Company Secretary 

ACS/FCS from ICSI and an undergraduate degree or a postgraduate degree in any discipline with a minimum of 60%.

ACS/FCS from ICSI and an undergraduate degree or a postgraduate degree in any discipline with a minimum of 60%.

Legal officer

An undergraduate degree or postgraduate degree in law with a minimum of 55%.

An undergraduate degree or postgraduate degree in law with a minimum of 60%.


Finance and Accounts

Chartered accountant/ An UG or PG degree in any discipline/Cost and management accountant/MBA finance or PGDM finance with a minimum score of 55%.

Chartered accountant/ An UG or PG degree in any discipline/Cost and management accountant/MBA finance or PGDM finance with a minimum score of 60%.

(*Candidates with MBA finance or PGDM finance degrees must provide their certificate from the University of graduation supporting their domain. If failed to deliver, shall be disqualified from appearing for the interview)

Salient features related to educational qualification to appear for the exam:

  • The educational qualification of a candidate must be from a university/Board/Institution that is recognised by the government of India.
  • Results of the UG/PG degree should’ve been declared before or on 1.12.2020.
  • Proper submission of documents from the Board/Institution/University is mandatory.
  • The percentage shall be calculated by dividing the total score obtained by the candidate in all the semesters aggregate by maximum marks in every subject.
  • A situation where the candidate is near the border and still fails to obtain a minimum percentage shall be disqualified.
  • Candidates who graduated from universities that grant CGPA/OGPA will have to deliver a certificate issued by the appropriate inter alia acknowledging the norms of the University regarding the conversion of grades into percentages.

Age Limit & Age Relaxation

  • The minimum age limit for the candidates to appear for the examination is 21 years.
  • The maximum age limit for a candidate to appear for the exam is 30 years.

A few relaxations made for the candidates under several reserved categories are:

Category

Relaxation of age

Scheduled caste & Scheduled tribes

Five years

Other backward classes

Three years

Candidates with criterion disabilities (defined under “The rights of persons with disabilities Act, 2016”)

Ten years

Ex-serviceman/Disabled while serving the country.

Five years

Defence service personnel disabled in operation during the hospitalities with other countries or survived in a disturbed area and released.

Three years

Candidates who ordinarily domiciled in the state of Jammu and Kashmir.

Five years

Candidates who are confirmed employees of the public sector general insurance companies that include GIC and Agricultural insurance company of India limited.

Eight years

Salient features of NIACL AO Age Relaxation

  • For candidates who fall under more than one category of age relaxation, the relationship shall be available based on government norms/guidelines and rules of the company.
  • Candidates who seek age relaxation will have to produce the required documents/certificates while filling the application and submit the original certificates during the process of interview.
  • When a person with a disability is privileged under ‘Existing confirmed employee of public sector general insurance companies’, the age concession for the person shall be permitted either as a ‘person with a disability’ or ‘Existing confirmed employee of public sector general insurance companies’.(beneficial to the candidates)
  • For ex-serviceman who had joined the civil side of the government after serving the army, his/her status of reemployment ceases.

NIACL AO Exam pattern

The new India assurance company limited decides the NIACL AO exam pattern to follow.

The selection process of a candidate is subdivided into four recruitment stages-

  • Preliminary stage:
    • This stage of the recruitment process contains three sections i, e: English language, quantitative aptitude and reasoning ability.
    • The mode of examination is online.
    • Questions are of the objective type that carries a total score of 100.
  • Mains exam:
    • The main stage of the examination is divided into two parts, namely objective test and descriptive test with four sections each.
    • The objective analysis carries maximum marks of 200 while the maximum marks the descriptive test takes is 30.
    • The four sections of the mains exam are the English language, reasoning ability, quantitative aptitude and general awareness.
  • Interview:
    • Candidates who qualify for the previous examinations/stages would be called for an interview.
    • The weightage ratio of online exams and interviews is 80:20.
  • Final selection:
    • The final selection process of NIACL AO examination relies on the compressed marks of the mains exam and the interview stage.

NIACL AO Syllabus

Candidates appearing for the examination must keep up the regular follow up of the official website.

The following are the syllabus for each section of the examination-

Quantitative Aptitude

The section, quantitative aptitude is very vital as it is available in question papers of both preliminary and mains examinations. Questions of this section are based on the following topics-

  • Simplification
  • Numbering series
  • Percentage
  • Profit & loss
  • Average
  • Ration & proportion
  • Simple interest & compound interest
  • Age-based Problems
  • Time & work
  • Pipe & cistern
  • Partnership
  • Speed, time & distance
  • Allegation & mixture
  • Train, boat & stream
  • Mensuration

Reasoning Ability

This section is seen both in the preliminary and mains stage of the examinations. The essential topics of this section are-

  • Alphabetic series
  • Blood relation
  • Coding-Decoding
  • Order ranking
  • Directions
  • Syllogism
  • Inequality
  • Input-output
  • Data sufficiency
  • Seating Arrangement
  • Puzzles
  • Logical reasoning

English Language

This section is also seen in both preliminary and main stages of the examination. The critical areas of this section a candidate should concentrate on are:

  • Fill in the blanks
  • Para Jumbles
  • Cloze Test
  • Reading-comprehensions
  • Error spotting
  • Phrase replacement
  • Sentence correction
  • Para completion
  • Vocabulary

General Awareness

The significant areas a candidate should follow to gain a decent mark in this section is

  • Current Affairs of the nation and worldwide
  • Banking & Insurance Awareness
  • Finance Awareness
  • Policies and schemes of the government
  • Static Awareness

The topics that are mentioned above are critical topics of the examination, and candidates are advised to concentrate more on these topics to gain better marks and crack the exam.

Website: https://naclind.com

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