The biggest challenge with the NIACL AO exam is that vacancies are merely 300, and the exam doesn’t happen every year. So, the preparation has to be top-notch and would be incomplete without highly efficient mock tests. The annual package 0f 7,20,000 deserves the exemplary efforts of an aspirant. This is what makes NIACL AO 2021 Free Phase-2 Mock Test choice really critical.
NIACL AO Exam Pattern 2021
Phase-1 – Prelims Exam Pattern
|English Language||30||20 Minutes||English|
|Reasoning||35||20 Minutes||English & Hindi|
|Quantitative Aptitude||35||20 Minutes||English & Hindi|
Phase-2 Exam Pattern – Mains
|Subject||No. of Ques. / Max Marks||Time||Medium||Type|
|Test of English Language||50||120 Mins||English||Objective|
|Test of Reasoning||50||English & Hindi||Objective|
|Test of General Awareness||50||English & Hindi||Objective|
|Test of Quantitative Aptitude||50||English & Hindi||Objective|
Descriptive Test Mains
The Descriptive Test of 30 minutes’ duration with 30 marks will be a Test of English Language (Letter Writing-10marks & Essay-20 marks). The descriptive test will be in English and will be conducted through on-line mode. Each candidate will be required to obtain a minimum score for each section of objective test separately for short listing for the Descriptive test evaluation/Interview. Descriptive answer script would be evaluated only in respect of those candidates who qualify the objective test. Depending on the number of vacancies available, cut offs will be decided for Descriptive paper evaluation.
NIACL AO Exam Syllabus
The topic-wise syllabus for each section in the NIACL AO examination is as follows:
|Reasoning||Coded Inequalities Seating Arrangement (Circular, Linear, Square) Puzzle Tabulation Logical Reasoning Order/ Ranking/Direction/Alphabet Test Data Sufficiency Syllogism Blood Relations Input-Output Coding-Decoding Alphanumeric Series/ Number Series/Alphabet Series Direction based question inequalities (Direct and Coded)|
|English||Reading Comprehension Cloze test Fill in the blanks Error Spotting/New Pattern Error Spotting Sentence Correction/Sentence Improvement Para Jumbles Para Summary Odd One Out Para Completion|
|Quantitative Aptitude||Data Interpretation Simplification/ Approximation Number Series Quadratic Equations Quantity based problems Ratio & Proportion Percentage & Averages Profit & Loss Mixtures & Allegations Pipes and Cisterns Boats and Streams Simple Interest & Compound Interest Time, Work, and Wages Time & Distance Permutation, Combination & Probability|
|General Awareness||Current Affairs Summits Books & Author Awards Sports added in NIACL AO Syllabus Defence National Appointment International Obituary etc. Banking Awareness Indian Financial System History of Indian Banking Industry Regulatory Bodies Monetary & Credit Policies Budget Basics and Current Union Budget International Organisation / Financial Institutions Capital Market & Money Market added in NIACL AO Syllabus Government Schemes Abbreviations and Economic terminologies Other important concept abbreviations and Economic terminologies Other important concepts.|
Salary Structure NIACL AO 2021
Basic pay of Rs. 32,795/- in the scale of Rs. 32795-1610(14)-55335-1745(4)- 62315 and other admissible allowance as applicable. Gross emoluments will be approximately Rs. 60,000/- 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’s / leased accommodation as per norms. The salary scales are due for revision w.e.f Aug 2017.
NIACL AO Perks and Allowances 2021
- City compensatory allowance
- Newspaper allowance
- Medical Reimbursement along with hospitalization facility
- Dearness allowance
- House rent allowance
- Transport allowance
- Loan provisions at concessional rates of interest for housing, car, education, digital accessories.
- Furnishing of residence allowance
Frequently Asked Questions (FAQs)
What is NIACL?
NEW INDIA ASSURANCE CO. LTD, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs. 31573 crores in March 2021.
Is there any negative marking in the NIACL AO exam?
Yes, there will be a negative marking of 0.25 marks for each wrong answer.
How many sections are there in the NIACL AO prelims exam?
A total of 3 sections: Prelim, Mains, Personal interview
Is there any interview for the NIACL AO post?
A personal interview is conducted for candidates which clear the pahse-2 examination.
How many vacancies are there for NIACL AO 2021?
Is PM’s NIACL AO 2021 Free Mock Test available?
Yes, PracticeMock’s first mock test is free for NIACL AO.
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