Being a part of the largest general insurance company in India is already a privilege. The company is growing at a fast pace and so does it's employees. While the first six months at the job of NIACL assistant would be dedicated as a probation period, there are ample opportunities to get promoted through internal exams and good work at a job. The process of promotions and internal exams is transparent. Therefore, those who work hard shall proceed. The NIACL assistant is usually promoted to the post of an Administrative Officer, Development Officer, and Manager. The job structure, job description, salary, and perks shall also change with each level of promotion.
Here is a flowchart for a career path that NIACL assistant may progress:
There are various stages in NIACL assistant career growth:
Once an individual is appointed as a NIACL assistant, the assistant can be posted to transferred to any place within the country. The assistant would have to continue job as at this initial place of posting for at least the next five years. The first six months is the probation period which may rarely extend to another 6 months. The salary and benefits are received even during the probation period. This period is more or less a training phase for the assistants. Various types of training are provided to these assistants so that they become well equipped to handle the toughest situations at work. In case candidates decide to quit at this stage they are liable to pay the entire salary amount received by them at the time of probation along with an additional amount of INR 25000. This is because there has been a cost incurred by the company towards the training of the employee. The same is also applied if the company decides to terminate its employee during probation.
The mantra to proceed further and achieve new heights is to get certifications and further increments. Each assistant is eligible for promotion only after a period of 2 years of dedicated service. In order to lead the career path, it is advised to clear the fellowship and other certification while being in the job. This will help to remain ahead of the other companions and lead in the interview. Further, this would also mean that one shall be eligible for the post of Administrative Officer. There have been cases when insurance assistants become an administrative officer as soon as they are eligible to become. Similarly, there shall be an increment in the basic pay and also an increment of INR 915 in the proceeding two years. At this post, one shall be able to get loans and advances at much cheaper rates for the purpose of housing, vehicles, and other basic amenities.
The internal exams help assistants grow faster in the hierarchy. The candidates can get promoted as Senior Administration or Development officer after two years of being promoted to the post of Administrative Officer. The promotions in the first few years of a job are likely to be fast. This is because NIACL has seen virtually no recruitment in the past two decades and most of the existing staff members are approaching their retirement age. Since it is difficult to employ people directly at the middle-level hierarchy, there are greater chances of promotion within the hierarchy.
Further, as the Development Officer, if the candidate is hard working and has a good track record, one can then choose to progress towards the post of manager category. Although the progressions take a certain time period, progressions do happen. The post from which the progression is made also decides the difference in time of the progression.