The New India Assurance Company Ltd., a leading Public Sector General
Insurance Company, invites applications for recruitment of 170 Officers
(Generalists & Specialists) in Scale I cadre from open market. REF NO: CORP.HRM/AO/2024 06.09.2024
Salary: Emoluments & Benefits
Basic pay of Rs. 50,925/- in the scale of Rs.50925-2500(14)-85925-2710(4)-
96765 and other admissible allowance as applicable. Gross emoluments will
be approximately Rs. 88,000/- 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 in
force in the Company at the time of appointment. The Officers are also entitled
for Company’s / leased accommodation as per norms.Age: (as on 01.09.2024)
Minimum Age: 21 years and Maximum Age: 30 years, as on 01.09.2024.
Educational Qualification (as on 01.09.2024)
Generalists: 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 examination for General candidates and at
least 55% marks for SC/ST/PwBD candidates.
Specialists: A candidate must possess the minimum qualification as given in notification.
Selection Procedure
Candidates have to qualify in each test/section by securing passing marks to be
decided by the Company. Adequate number of candidates in each category as
decided by the Company (approximately 15 times the numbers of vacancies
subject to availability) will be shortlisted for the Main Examination.
Candidates have to qualify in each test/section by securing passing marks to be
decided by the Company. Adequate number of candidates in each category as
decided by the Company (approximately 15 times the numbers of vacancies
subject to availability) will be shortlisted for the Main Examination.
Phase – II: Main Examination
Main Examination will consist of Objective Tests for 200 marks and Descriptive
Test for 30 marks. Both the Objective and Descriptive Tests will be online.
Candidates will have to answer Descriptive Test by typing on the computer.
Immediately after completion of Objective Test, Descriptive Test will be
administered.
(I) Objective Test: The Objective Test of 2.5 hours’ duration will be as follows.
There will be separate timing for every section.
(ii) Descriptive Test: 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.
Each candidate will be required to obtain a minimum total score (to be decided
by the Company according to number of vacancies) in the objective test (main
examination) and qualify in the descriptive test for short listing for the Interview.
Qualifying marks in the descriptive test shall be as follows: 15/30 (13.5/30 for SC,
ST and PwBD).
A candidate shall be required to qualify in the descriptive test, but the marks in
the descriptive test will not be counted towards short listing for interview or
final selection.
Penalty for Wrong Answers (Applicable to both – Preliminary and Main
examination)
There will be penalty for wrong answers marked in the Objective Tests. Each
question for which a wrong answer has been given by the candidate, one-fourth of the marks assigned to that question will be deducted as penalty to arrive at
corrected score. If a question is left blank, i.e. no answer is marked by the
candidate, there will be no penalty for that question.
The Company reserves the right to modify the structure of the examination
which will be intimated through its website.
Phase – III: Interview
Interview Guidance for NIACL AO is available at Career Quest Institute. Visit www.careerquest.co.in or Call 9811299811, 9990840999 for more details.
Candidates who have been shortlisted at the end of Phase-II will subsequently be
called for an Interview to be conducted by the Company. Interview will be
conducted at select centres. The weightage (ratio) of online Examination and
Interview will be 75:25 respectively. The centre, address of the venue, time &
date of Interview will be informed to the shortlisted candidates in the call letter.
Candidates are required to download their interview call letters from company’s
website. Please note that any request regarding change in date, centre etc. of
interview will not be entertained. However, the company reserves the right to
change the date/ venue/ time/ centre etc. of interview or hold supplementary
process for particular date / session / venue / centre / set of candidates at its
discretion, under unforeseen circumstances, if any.
Final selection
Final selection would be based on consolidated marks of main examination
(objective test) & Interview. The final merit list shall be prepared in descending
order of the consolidated marks secured by the candidates. Candidates who fall
within the number of vacancies in the merit list shall be considered for
appointment. The selected candidates may be appointed in more than one batch
as per the discretion of the Management. The seniority of the selected
candidates will be as per the merit / select list. A Waiting List of candidates not
exceeding 50% of the number of vacancies may also be prepared and may be
utilized in the event of non-acceptance of employment offer by the candidates
selected in the final merit list.
As per prevailing practice, in the event of two or more candidates having
obtained the same score, final merit is decided in the following order: a) Marks
secured in interview (candidate securing higher marks in interview shall be
placed before/ above the candidate securing lesser marks). If interview marks
are same, then b) date of birth (candidate senior in age is placed before/ above
the candidate junior in age).
Appointment of selected candidates is subject to their being found medically fit
as per the requirements of the Company. Such appointment will also be subject
to the service and conduct rules of the Company.
Please note the Important DatesOn-line registration and payment of
application fees
10th to 29th September
2024
(both dates inclusive)
Phase-I Online Examination
(Objective)
13th October 2024
(tentative)
Phase-II Online Examination
(Objective + Descriptive)
17th November 2024
(tentative)
Candidates should apply through On-line mode only.
https://www.newindia.co.in/recruitment/list
Apply Online
Download original notification English
Download original notification Hindi
No other means/mode of
application will be accepted. Please keep referring to Recruitment section of
our website http://newindia.co.in regularly for updates.
THE NEW INDIA ASSURANCE COMPANY LTD (A Govt. of India Undertaking) Regd. & Head Office: New India Assurance Building, 87, M.G. Road, Fort, Mumbai- 400001 www.newindia.co.in