OICL AO Salary & Job profile 2024: Check Salary Slip, Structure
OICL AO Salary and Job Profile 2024 consists of overview, benefits, career growth, perk and allowances are covered in this article. Candidates need to check the salary and job profile before the OICL AO Recruitment 2024 which would motivate them for the recruitment.
- Candidates will be getting other allowances along with the basic pay of Rs.50925/- and the details are mentioned below in the article.
- The candidates will be eligible for DA, HRA, CCA along with the salary.
- The candidates will have to complete the probation period of one year from the date of joining and the probation period may be extended twice by a further period of six months at a time, stretching up to one year.
- After the candidates have completed the minimum years in the same post, they will be promoted to higher posts.
- Candidate can download the OICL AO Syllabus and Exam Pattern here
OICL AO Salary 2024: Overview
|
OICL AO Salary: Overview |
|
|
Exam Name |
Oriental Insurance AO 2024 |
|
Conducting Authority |
Oriental Insurance Company Limited |
|
Name of Post |
Administrative Officer |
|
Application Mode |
Online |
|
Exam Mode |
Online |
|
Number of Stages |
Prelims, Mains and Interview |
|
Official Website |
www.orientalinsurance.org.in |
Check OICL AO Result here!
OICL AO Salary 2024
After the candidates are recruited, they will be paid according to the Company’s rules. The basic pay scale will be Rs.50925/- along with other allowances.
|
OICL AO Salary 2024 |
|
|
Basic Pay |
Rs.50925-2500(14)-85925-2710(4)-96765 |
|
Total Emolument |
Rs. 85,000/- |
|
A newly selected AO’s basic pay |
Rs.50925/- |
|
Annual increment |
Rs.1610/- |
Check OICL AO Answer Key here!
OICL AO Allowances 2024
Along with the salary, the officers will be receiving other allowances as per the Company’s rules and regulations. The allowances include DA, HRA, etc. which are mentioned below in detail.
|
OICL AO Salary: Allowances |
|
|
House Rent Allowance (HRA) |
On the basis of its place of posting, whether in metropolitan cities, major cities, or any other places, it relies on the posting of the Administrative Officer (AO). |
|
Dearness Allowance (DA) |
Based on the CPI, the DA is updated quarterly. Since DA depends on CPI, Inflation rates will increase or decrease based on it. |
|
City Compensation Allowance (CCA) |
Like the HRA, the CCA also depends on the location the AO is posted It can be 4 or less or even 0%based on the location of the job. |
OICL AO Salary 2024: Other Perks and Benefits
The candidates will be eligible for other perks and benefits which are mentioned below in the article.
- Transport Allowance
- Newspapers, Furniture, Books Reimbursements.
- Medical Reimbursement.
- Group Personal Accident Insurance Reimbursement.
- Leased Accommodation.
- They will also be getting Loans and advances at much cheaper rates.
Download OICL AO Admit Card here!
OICL AO Job Profile 2024
The candidates will have to accept different job roles and responsibilities which are mentioned below. Along with their specific roles, they will also have to accept whatever work is assigned to them by their senior authority. Read below to know in detail about these responsibilities.
- Handling of the policy claims.
- Verifying the plans for risk and approving statements.
- Filing of returns and statements with higher regional officers.
- Managing other assistants at the workplace.
- Implementing the plans and acquiring formal feedback for the company.
- Procurement of various businesses.
- Settlement of the insurance claims.
- Looking after the issuance of the insurance policies.
- He is responsible for the smooth running of the departments within the organization.
- Promotion of policies and acquiring clients.
- Meeting prospective customers as an Oriental Insurance agent.
Also, check the Best Recommended OICL AO Books to refer for the OICL AO Recruitment 2024.
OICL AO 2024 Career Growth
The Administrative officers will be promoted to different higher posts after completing the minimum years of experience in the same post.
- The Administrative Officer generally gets promoted to the higher posts for the first time after a minimum of five years.
- Sometimes, the officers get promoted after three years of service.
- The Administrative Officer is promoted as the Deputy Manager and the Deputy Manager is levelled higher as the Zonal Manager.
- Candidates can also check the OICL AO Eligibility Criteria here!
We hope that the above mentioned will be helpful to the candidates who will be appearing for the OICL AO Recruitment 2024. The above-mentioned information will motivate candidates to appear for the OICL AO Exam 2024. Download the Testbook App for more such information regarding other Government Recruitment exams and testifying your performance for the exams. We wish you Good Luck!
