Introduction
This chapter, NIACL AO FAQ, will guide the candidates in addressing their queries and concerns regarding NIACL Administrative Officers 2018-19 recruitment. The questions and answers have been categorized for enhanced clarity.
FAQ
1. What is the minimum age of NIACL AO 2018-19?
- 21 years.
- No. The candidate must not be born later than 01.12.0997.
- 30 Years
- No. A candidate must have been born not earlier than 02.12.1988.
- 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).
| Discipline | Minimum Qualification |
|---|---|
| Generalists | Minimum qualification- graduate/ post graduate in any discipline from a recognised University with at least 60% marks in either of the degree examination. (55% for SC/ST/PwBD) |
| Company Secretary (Specialist) | ACS/ FCS from ICSI and Graduation/ Post-graduation in any discipline with min 60% |
| Legal (Specialist) | Graduate/ Post-graduate in Law with min 60% (55% for SC/ ST/ PwBD) |
| Finance & Accounts (Specialist) | 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* with min 60% (55% for SC/ ST/ PwBD) Or M.COM with min 60% (55% for SC/ ST/ PwBD) |
- 35 years
- The upper age limit is 30 years (as on Dec 1, 2018) and the lower age limit is 21 years.
- No, The minimum criteria is 60% in graduation for Generalists (with 5% relaxation for SC/ ST/ PwBD candidates). However, if you are thinking to apply for the Specialist posts, below is the eligibility criteria.
| Discipline | Minimum Qualification |
|---|---|
| Company Secretary | ACS/ FCS from ICSI and Graduation/ Post-graduation in any discipline with min 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* with min 60% (55% for SC/ ST/ PwBD) Or M.COM with min 60% (55% for SC/ ST/ PwBD) |
- Yes, Fresher’s can also apply for NIACL AO Recruitment.
1. Where can I find the notification/ application link?
- Click on Application link
Click on Notification Link
- 10th December 2018
- 26th December 2018
- Rs. 100/- for SC/ ST/ PWD candidates.
Rs. 600/- for all others.
- Yes, You have to have 60% either in Graduation or Masters Degree.
- Yes. They have mentioned, 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 examinaiton for General candidates and at least 55% marks for SC/ ST/ PwBD candidates.
- Yes. A Degree (Graduation) in any discipline from a University recognised by the Govt. of India or any equivalent qualification recognised as such by the Central Government.
- Yes. The format can be found from here.
- "I, ____________ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required".
- The above-mentioned handwritten declaration has to be in the candidate's handwriting and English only.
1. When will the NIACL AO Preliminary Exam 2018-19 be conducted?
- 30th January 2019
- 2nd March 2019
- Common Written Exam for NIACL AO will be conducted online (Both Prelims and Mains).
- There is negative marking of 0.25 marks for every wrong answer.
- No, All the papers apart from the English Language and the Descriptive Test would be bilingual i.e. in both English and Hindi.
- There are no number of attempts for NIACL AO 2018-19.
1. What are the posts available on this recruitment project?
- The post which will be available in this recruitment project by NIACL is Officers in Scale-I in Generalist and Specialist Streams:
Company Secretary - 2
Legal-30
Finance & Accounts-35
Generalists-245
- The number of vacancies for NIACL AO 2019 are 312.
1. What is the NIACL AO 2018-19 Prelims Exam Format?
| S.No. | Name of Test/ Section (not in sequence) | Type of test | Max. Marks | Duration for each test/ section (Separately timed) | Version |
|---|---|---|---|---|---|
| 1 | English Language | Objective | 30 | 20 min | English |
| 2 | Reasoning Ability | Objective | 35 | 20 min | English/ Hindi |
| 3 | Quantitative Aptitude | Objective | 35 | 20 min | English/Hindi |
| Total | 100 |
- (I) Objective Test (Generalists):
| S.No. | Name of Test (not in sequence) | Type of test | Maximum Marks | Medium of Exam | Duration |
|---|---|---|---|---|---|
| 1 | Test of Reasoning | Objective | 50 | English/ Hindi | 120 min |
| 2 | Test of English Language | Objective | 50 | English | |
| 3 | Test of General Awareness | Objective | 50 | English/ Hindi | |
| 4 | Test of Quantitative Aptitude | Objective | 50 | English/ Hindi | |
| Total (Aggregate) | 200 |
| S.No. | Name of Test (not in sequence) | Type of test | Maximum Marks | Medium of Exam | Duration |
|---|---|---|---|---|---|
| 1 | Test of Reasoning | Objective | 40 | English/ Hindi | 120 min |
| 2 | Test of English Language | Objective | 40 | English | |
| 3 | Test of General Awareness | Objective | 40 | English/ Hindi | |
| 4 | Test of Quantitative Aptitude | Objective | 40 | English/ Hindi | |
| 5 | In Specialist stream, an additional test to assess technical& professional knowledge in the relevant discipline | Objective | 40 | English/ Hindi | |
| Total (Aggregate) | 200 |
- Yes
- Both the sections have 35 marks each.
- A Prelims followed by Mains exam and a descriptive test.
- This section will be of 50 marks.
- Yes, there will be an additional test in the relevant discipline which will be of 40 marks.
- Yes, it will include both objective and descriptive tests.
- Yes.
| No. of Questions | Max Marks | Duration | Language |
|---|---|---|---|
| Essay (20 Marks) & Letter (10 Marks) | 30 | 30 minutes | English |
- The selection for AO will be done through a three-tiered process:
Phase I. Preliminary Examination (Objective)
Phase II. Mains Examination (Objective + Descriptive)
Phase III. Interview
Final Selection based on consolidated marks of main examination (objective test) & Interview. The weightage (ratio) of online Exam and Interview will be 80:20 respectively.
- The candidates will be shortlisted for Phase-II in the ratio of 1:15 i.e. about 15 times the number of vacancies in each category on the basis of their performance in Phase-I (Approximately).
- Total time duration is 1 hour. 20 Minutes each for Every section.
- Time Duration of NIACL AO Main 2019 Exam is 2 hours.
- Online in keyboard.
- Yes. 20 Minutes each.
- No.
- Yes. But general awareness will have a little bit of Insurance Awareness.
- Yes, there will be an Interview round for the NIACL AO recruitment.
1. How will I get my Admit card for Prelims and Main Examination?
- Candidates will have to visit our website http://newindia.co.in for downloading Admit card/ call letters for online tests (separately for Phase-I & II). Intimation for downloading call letter will also be sent through email/ SMS.
1. When will the NIACL AO Preliminary Exam 2018-19 result come out?
- Most likely 1st week of February 2019.
- Not yet announced.
- Yes.
- Yes. As stated,
Cut-offs are applied in 2 stages:
1. On Scores in individual tests
2. On Total Score
- No. A candidate shall be required to qualify in the descriptive test, but the marks in the descriptive test will not be counted towards shortlisting for the interview or final selection.
1. What is the Salary of New India Assurance Administrative Officer?
- The salary of New India Assurance Administrative Officer is as follows:
- 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 Company / leased accommodation as per norms. The salary scales are due for revision w.e.f Aug 2017.
- Job profile of AO (Generalist) involves
- Claim settlements, Underwriting, Risk Assessment and Supervision of Assistants work.
- It also involves verification of risk proposals and authorization of claims.
- The efficient administration with regard to ensure compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.
- Handling of all the legal affairs of the Company.
- Prepare legal documents for various processes and provide assistance in the legal issues of the Company.
- Monitoring the errors and keeping the authenticity of the documents i.e. Agreements and Contracts of the Company.
- Management of the financial bookkeeping of the company.
- Sending bills to its customers, processes refunds, interaction with collection agencies on past-due accounts etc.
- Resolving billing issues of the company.
- Assisting in the preparation of budgets and managing records and receipts of the Company.
- Reconciling daily, monthly and yearly transactions and preparing balance sheets.
- Yes, candidates before joining as probationer 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.
- The following documents in original and self attested photocopies in support of the candidate’s eligibility and identity are to be invariably submitted at the time of interview
- Printout of the valid Interview Call Letter
- Valid system generated printout of the online application form registered for the online examination Proof of Date of Birth (Birth Certificate issued by the Competent Municipal Authorities or SSLC/ Std. X Certificate with DOB).
- Photo Identity Proof as indicated in *IDENTITY VERIFICATION section of the advertisement.
- Mark-sheets & certificates for Std X, XII, Graduation and Post-Graduation (if any) or equivalent qualification(s) etc.
- Caste Certificate, along with caste validity certificate (wherever applicable), issued by the competent authority in the prescribed format as stipulated by Government of India in the case of SC/ ST/ OBC category candidates.
- Disability certificate in prescribed format issued by the authorized certifying authority in case of Persons with Benchmark Disability category.
- An Ex-serviceman candidate has to produce a copy of the Service or Discharge book along with pension payment order and documentary proof of rank last / presently held (substantive as well as acting)
- Candidates serving in Government/ Quasi Govt. offices/ Public Sector Undertakings (including Nationalized Banks and Financial Institutions) are required to produce a “No Objection certificate” from their employer,
- Persons eligible for age relaxation under point 6 (6) above must produce the domicile certificate from the District Jurisdiction where he/ she had ordinarily resided or any other authority designated in this regard by the Government of Jammu & Kashmir to the effect that the candidate had ordinarily domiciled in the State of J&K during the period from 01.01.80 to 31.12.89.
- Experience certificates, if any
- Persons falling in categories (b), (c), (d) and (e) of Nationality criteria should produce a certificate of eligibility issued by the Govt. Of India
- Any other relevant documents in support of eligibility.
- No Aadhar card is not required to apply for the AO post in NIACL.
- Yes, Indirectly it is as NIACL is a government-owned company. New India Assurance Company Limited is a PSU, means public sector undertaking, which means more than 50 % of this company’s share is owned by the Government of India.