NIACL AO 2024 RECRUITMENT OF 170 OFFICERS (GENERALISTS & SPECIALISTS) (SCALE-I)

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 Dates

On-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