{"id":8374,"date":"2021-09-21T09:28:37","date_gmt":"2021-09-21T03:58:37","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=8374"},"modified":"2021-09-21T09:28:37","modified_gmt":"2021-09-21T03:58:37","slug":"niacl-ao-or-lic-aao-who-offers-more-salary","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/niacl-ao-or-lic-aao-who-offers-more-salary\/","title":{"rendered":"NIACL AO or LIC AAO-Who offers more salary?"},"content":{"rendered":"\n

NIACL AO or LIC AAO:<\/strong> It is a common question that pops up in the minds of the aspirants while choosing one insurance exam over the other- \u2018Does NIACL AO <\/a>offers more salary than LIC AAO?\u2019<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Undoubtedly, the salaries of both posts are one of the major driving forces for candidates opting to appear in these sought-after insurance exams. Lakhs of candidates appear in this National level Insurance examination conducted to appoint Administrative Officers. Other than a decent basic salary, there are also other lucrative allowances and perks promised by both posts full of many career growth opportunities. LIC, a bigger name than NIACL, attracts more aspirants, whereas NIACL AO, a typical government job, attracts aspirants who want a simple 9-5 job.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n
Basis of Difference<\/strong><\/td>LIC AAO<\/strong><\/td>NIACL AO<\/strong><\/td><\/tr>
Basic Pay<\/td>The basic pay in the LIC AAO salary is Rs 32,795\/- per month. It becomes Rs 62,315\/- after Increment.<\/td>The basic pay of an Administrative Officer in NIACL is Rs. 32,795 per month and the in-hand NIACL AO salary is approximately Rs.60,000 per month.<\/td><\/tr>
Benefits & Allowances<\/td>You can get a dearness Allowance, which is 40% of the basic pay, a House Rent Allowance of 7%-9%, which depends on the Location, and a City Compensatory Allowance Of 0% \u2013 4% of the basic pay (Location dependent).

The other benefits, along with the LIC AAO Salary are: -Leave Travel Concession (LTC)
-Special Allowance Gratuity -Cash Medical Benefit
-Accident Insurance
-Contributory Pension
-Loan for Personal Vehicles, etc.  <\/td>		As an Administrative Officer, apart from the NIACL AO salary, you can get the benefits and allowances that include:
-Dearness Allowance
-House Rent Allowances
-Medical Benefits
-Leave fare concession

The NIACL AO salary for Officers increases with the increase in their posts in the insurance company.  



Attempt a FREE Mock Test!<\/a><\/td><\/tr>
Career Growth<\/td>The career growth that happens after the LIC AAO post are given in the order below:  
-Administrative Officer (AO)
-Assistant Divisional Manager (ADM)
-Divisional Manager (DM)
-Senior Divisional Manager (SDM)
-Zonal Manager<\/td>		Employees working as Administrative Officers need to serve the company for a minimum of four years. And after the completion of this time period, the responsibilities, post, and NIACL AO salary for employees also increase. The hierarchy goes like this:  
Scale 1: AO 2: Asst Manager \/ Branch Manager
3: Deputy Manager \/ Divisional Manager
4: Manager \/ Sr. Divisional Manager
5: Chief Manager \/ Regional Manager
6: Deputy General Manager
7: General Manager
8: CMD  

There are two channels for promotions, fast track, and Normal channel. From Scale 1 to 2, you may be promoted after 3 years from Scale 1 to 2 on a fast-track basis depending on your marks in the promotion exam. Scale 2 to Scale 3 also takes around 3 to 4 years.      

Grab our NIACL AO Tests series & clear the upcoming exam!<\/a><\/td><\/tr>
Bond<\/td>LIC AAO has a 4 years bond. In case, any employee wants to leave LIC during the bond period, then they are liable to pay \u20b92,00,000.<\/td>A minimum period of 4 years, including a probation period.  


Take a Mock Test to test your preparation!<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

If you are applying for either of the two posts mentioned above, you must note that the insurance sector offers growth for one\u2019s career, apart from respect and security. The work pressure is high, like in any other job profile. As AO (Administrative Officers), you will need to serve the company for a minimum of 4 years, and after the completion of this probation period, the responsibilities, post, and NIACL AO<\/a> salary will also increase. As LIC AAO, you can expect a good salary, and other benefits once you will get to higher posts by clearing specific exams or fulfilling the necessary criteria. Now you can make a well-informed decision as to which job suits you best.<\/p>\n\n\n\n

FAQs-NIACL AO 2021<\/h2>\n\n\n\n

Q1. What is the in-hand salary of a NIACL AO (New India Assurance)?<\/strong><\/p>\n\n\n\n

As per the latest notification of 2021, the on-hand salary would be around 60,000 per month.<\/p>\n\n\n\n

Q2. How is the training life of NIACL AO?<\/strong><\/p>\n\n\n\n

The NIACL AO training is conducted by the National Insurance Academy, Pune. You will be accommodated in a 4-star hotel located close to NIA. The teachers who run the training classes are the experts in the insurance market. The training module also includes visits like garage visits, outdoor activity centers, TPA office visits, etc.<\/p>\n\n\n\n

Q3. How is the work-life of NIACL AO (generalist) in terms of the job profile and salary?<\/strong><\/p>\n\n\n\n

The administrative Officer post of New India Assurance is one of the most versatile posts with incredible learning opportunities. Being selected as a generalist doesn\u2019t mean you can\u2019t explore other specific options. Generalist AO\u2019s can be posted as legal or accounts officers in a divisional office or you can also be posted in the underwriting or nonsuit claims department as well.<\/p>\n\n\n\n

Q4. How can I clear the NIACL AO interview?<\/strong><\/p>\n\n\n\n

The interview in NIACL is easy to clear. You can be asked questions around:<\/p>\n\n\n\n

  1. You, your family, your school and your college life.<\/li>
  2. Your knowledge of current affairs and General Knowledge.<\/li>
  3. Basic Insurance awareness \u2013 Read the Principles of Insurance book (IC 01), it\u2019s available on the website www.insuranceinstituteofindia.com. Basic knowledge and awareness of the Insurance industry are tested.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"

    Which post offers a better salary NIACL AO or LIC AAO? Read a detailed analysis of the salaries of both jobs to make a well-informed choice!<\/p>\n","protected":false},"author":6,"featured_media":8385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[24],"tags":[886,887,718,720],"class_list":["post-8374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exams","tag-lic-aao","tag-lic-aao-salary-2021","tag-niacl-ao-2021","tag-niacl-ao-salary-2021"],"yoast_head":"\nNIACL AO or LIC AAO-Who offers more salary? - Practicemock<\/title>\n<meta name=\"description\" content=\"Which post offers a better salary NIACL AO or LIC AAO? 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