UIIC AO Salary 2024, Pay Scale, Salary Structure

UIIC AO Salary 2024

UIIC AO Salary 2024: UIIC decides how much to pay administrative officers (Scale I). When candidates gets hired as an Administrative Officer (AO), they get good pay, allowances, and a stable job. The basic pay for AO is between Rs 50,925 to Rs 96,765, plus other allowances. In metropolitan areas, AO’s total pay is about Rs. 88,000. If you plan to take the UIIC AO exam, check the salary and job details to avoid confusion before and after you get the job.

UIIC AO Salary 2024 – Overview

The United India Insurance Company Ltd. (UIICL) conducts the recruitment process. They are hiring for the post of Administrative Officer (AO) Scale-I Generalist. The pay scale for AO role ranges from Rs. 50,925 to Rs. 96,765. UIIC AO earns approximately Rs. 88,000 per month in metropolitan cities.

Recruitment Organization	United India Insurance Company Ltd. (UIICL)
Post Name	Administrative Officer (AO) Scale-I Generalist
Pay Scale	Rs. 50,925 to Rs. 96,765 per month (approx.)
UIIC AO Salary Per Month	Rs. 88,000/- per month (approx.) at metropolitan cities
UIIC AO In Hand Salary	Rs 65000 to Rs 70000 per month
Allowances	Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance, etc.
Official Website	uiic.co.in

Also check, UIIC AO Interview Call Letter 2024

UIIC AO Salary 2024 – Pay Scale

The pay scale for UIIC AO is as follows:

between Rs 50,925 to Rs 96,765, plus other allowances

UIIC AO Benefits and Gross Pay

The Officers will also receive benefits as follows:

• Gratuity
• LTS
• Medical Benefits
• Group Personal Accident Insurance
• Performance Linked Incentive (PLI)
• National Pension System (NPS)
• Leased accommodation would be extended as per rules of the Company.

The gross pay will be Rs. 88,000/- per month at Metropolitan Centers.

UIIC AO Guarantee Bond

The candidates selected as UIIC Administrative Officers will have to sign a bond with the company for a minimum of 5 years (including the probation period). In case the employee resigns before the completion of the bond period, they will have to pay an equivalent of one year’s salary as damages to the company. The amount to be paid will be reduced in proportion to the length of the service period. Besides, he/she will have to submit a stamped Bond duly executed by two sureties of sound financial standing, for an amount equivalent to one year’s gross salary in addition to an amount of Rs.35,000/- towards partial cost of training.

Candidates resigning from the Company during the probationary period/Extended probation Period or Terminated shall be liable to pay the salary received by them during their entire service in the Company in addition to an amount of Rs. 35,000/- towards partial cost of training.

UIIC AO Salary 2024 – Probation Period

Candidates who are selected for the Administrative Officer role will be under a 1-year probation period. The duration of the probation period may be increased depending on the candidate’s performance.

During the probation period, the Officers would be required to pass the non-life “Licentiate Examination” conducted by the Insurance Institute of India. Only after passing the said examination, the Officer will be eligible for confirmation of his services in the Company. Failure to pass the said Examination within the extended probation period will render the officer liable to be terminated from service on the expiry of the period so specified.

UIIC AO Job Profile

The basic duties and responsibilities of UIIC Administrative Officers is as follows:

1. Underwriting: AO is responsible for assessing and evaluating insurance applications to determine the level of risk involved and deciding whether to accept or reject the application.
2. Claims Processing: Handling insurance claims involves investigating and processing claims submitted by policyholders. AO ensures that claims are valid and processes payments accordingly.
3. Risk Assessment: Evaluating risks associated with insurance policies and making decisions on coverage and premiums.
4. Policy Servicing: Handling policy-related services such as endorsements, renewals, and cancellations.
5. Customer Service: Providing assistance and support to policyholders, addressing their queries, and resolving issues related to insurance policies.
6. Marketing and Sales Support: AO may be involved in marketing activities and providing support to sales teams in promoting insurance products.
7. Compliance and Regulations: Ensuring that all underwriting and claims processing activities comply with regulatory requirements and company policies.
8. Data Analysis: Analyzing data related to insurance trends, claims, and underwriting to make informed decisions and improve processes.
9. Coordination with Other Departments: Collaborating with other departments within the organization, such as finance, legal, and IT, to ensure smooth operations.
10. Risk Management: Developing strategies for risk mitigation and management within the insurance company.

UIIC AO Salary 2024 – Career Growth Opportunities

Being selected as UIIC AO provides a lot of scope for growth and advancement. Depending on their performance and contribution to the company, candidates can receive promotions to higher positions, opening up further opportunities for enhancement of career prospects.

UIIC AO Salary 2024 – FAQs

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• 
  UIIC AO Interview Call Letter 2024 Out, Direct Download Link
• 
  UIIC AO Recruitment 2024 Notification, Exam Date Out
• 
  UIIC AO Salary 2024, Pay Scale, Salary Structure
• 
  UIIC AO Syllabus 2024 & Exam Pattern, Download PDF
• 
  UIIC AO Cut Off 2024 Out, Direct Download Link
• 
  UIIC AO Interview Language, Know Medium of Interview