The New India Assurance Company Limited

is one of the most prominent,stable Premier General Insurance Company of India. 
It is the oldest Non Life Insurance Company aged over century. 
Dorabji Tata founded the company on 23/07/1919, headquartered in Mumbai,Maharashtra. 
NIACL had been recognized as a Nationalized Company in 1973 with the merger of the other Indian companies. 
Unlike life insurance companies,it can be taken as a subsidiary that of LICI. 

Market stability :

As data recorded till 31st March,2023 the GGP (Global Gross Premium) of NIACL is -

Rs. 38,791 Crores, 
Profit before tax is Rs. 1245 Crores. 
Profit after taxes is Rs. 1055 Crores. 
Fair value is Rs.37,957 Crores.
Market value investment is Rs. 86,111 Crores. 
If gross written premium is to be considered, NIACL is the 4th largest non life insurance company in India.

NIACL is such a company generally works on non LIC products like fire,motor,travel,personal accident and health insurance.

Now let's have a look on the Vacancy of posts that NIACL notifies for recruitment :

Name of Posts :

AO (Generalist &  Specialist, Scale-I Cadre,2023)

Total Vacancies : 450 

Category wise classification of posts :

1. AO (Risk engineer) 36 Posts. 
2. AO (Automobile engineer)              96 posts. 
3. AO (Legal)  70 posts
4. AO (Accounts) 30 posts,
5. AO (Health) 75 posts
6. AO (IT) 23 posts and
7. AO (Generalist) 120 Posts.

Educational Qualifications :

AO (Risk Engineer) :
BE/B.Tech Engineering graduate. 

AO (Automobile Engineering):
-- BE/B.Tech/ME/M.Tech in Automobile engineering
                   Or,
Graduate/PG in Mechanical Engineering. 

AO(Legal) : Graduate/PG in Law. 

AO (Accounts) : Chartered Accountant in (ICAI)

AO (Health) : MBBS/MD/PG in Medical 
                    Or,
BDS/MDS/BAMS/BHMS. 

AO(IT) : BE/B. Tech/ME/M. Tech in IT or Computer Science. 

AO(Generalist) : Graduate/PG in any discipline. 

Limitation of age :

Minimum 21 Years                          and Maximum 30 Years as on 01/08/2023. 

Age Relaxation declared :

SC/ST 5 Years. 
OBC    3 Years. 
PwBD 10 Years. 

Pattern of salary :

Basic 50925/- in the scale of 
50925-2500(14)-85925-2710(4)-96765/-. 
**Extra allowances as applicable. 

Selection procedure :

1. Preliminary exam(objective type question) - 100 Marks. 
2. Main exam(objective and descriptive that question)
- 230 Marks. 
3. Interview - 25% Weightage. 

The final selection will be done on the basis of the main exam(objective test) and interview. 

Application fees :

UR/OBC 850/-. 
SC/ST/PwBD 100/-

Payment mode of Fees -- Online

Applying Method :

Eligible candidates can apply online through the official website.

Candidates should fill up their basic academic details. 

Upload relevant documents like recent photos,left thumb impression, qualification certificates etc. 

Such a Multinational General Insurance Company with a broad network of approx 2300 branches and agencies acrosss the country. 

Now operating in 28 countries making it a Global Business. 

It has the highest possible credit strength rating of AAA/STABLE. 

If we just look on to its Revenue as on March,2023 data that is 5 billion USD. 

Operating income 160 million USD. 

Net income 130 million USD. 

Total assets 12 billion USD. 

Total equity 2.5 billion USD. 

So stable platform with 85.44% Government of India ownership
NIACL surely give you assurance to enbrighten your Carrer.

  -Abhijit Bhattacharjee.