NIACL AO Salary 2021 Pay scale Emoluments Allowances

Check NIACL AO Salary 2021 with pay scale, Know NIACL Administrative Officer Total Salary Emoluments Allowances
The New India Assurance Company Limited released the recruitment advertisement for 312 Administrative Officer Posts on 05 Dec 2018. Those candidates who wish to join as AO in NIACL, can check out the post's salary and pay scale details on this page.

NIACL AO Salary 2021 with Pay Scale Allowances Total Emoluments Gross Salary & Cash in Hand

NIACL AO Pay Scale - A newly Appointed NIACL Administrative Officer gets following pay scale.
NIACL AO Pay Scale and Salary as given in 2018 notification

Scale of Pay: Rs. 32795-1610(14)-55335-1745(4)-62315 and other admissible allowance as applicable (DA, HRA etc.).
Starting Basic Pay is Rs. 32795. It will be increase annually by 1610 till it reaches 55335 in 14 years. Then it will increase by 1745 per year for 4 years till it reaches 62315. All the allowances will be calculated on this basic pay and added to the basic pay to find total emoluments.

NIACL AO Salary Emoluments & Benefits as per 2018 notification: The Basic Pay for these posts is Rs. 32,795/-. Total salary / emoluments / Gross Salary combining all benefits will be approximately Rs.51,000/- p.m. in Metropolitan Centers. By 2021, the salary would have increased by some amount.
The Deductions will be around Rs. 3000-7000. So cash in hand salary will be around 44000-48000 in metropolitan centres depending on amount of deductions.
This salary will be a bit low for Y, Z town cities.

Other Benefits as per rules:

  • Coverage under National Pension System governed by PFRDA
  • Gratuity
  • LTS
  • Medical Benefits
  • Group Personal Accident Insurance etc.
  • Company’s / leased accommodation as per norms

Salary Due Revision: w.e.f Aug 2017.

Guarantee Bond:
Before Joining as Probationer, Candidate have to give an undertaking to serve the Company for a minimum period of four years. If he/she resigns before this 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.