UIIC AO Salary 2024: United India Insurance Company Limited (UIIC) is hiring 200 eligible candidates for the post of Administrative Officer (Scale-1). When candidates get 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. The UIIC AO Pay Scale 2024 is Rs.50925-2500(14)-85925-2710(4)-96765. Check the UIIC AO Salary 2024 structure below.
UIIC AO Salary 2024
The UIIC AO Salary 2024, announced along with the official notification for UIIC AO Recruitment 2024, plays a crucial role in attracting candidates to this competitive exam. With 200 vacancies for Administrative Officer (Scale-I) Specialists, this is a great opportunity for qualified individuals to advance their careers. The salary structure is highly attractive, with a basic pay scale of ₹50,925 – ₹96,765, along with other admissible allowances. This competitive pay package, including perks and benefits, will motivate candidates to pursue their professional growth with United India Insurance Company Ltd.
| Organization | United India Insurance Company Ltd. |
| Post | Administrative Officer (Scale-I) Specialists |
| Category | Salary |
| Vacancy | 200 |
| Basic Pay | Rs. 50925-2500(14)-85925-2710(4)-96765 |
| Salary | Rs. 88,000 Per Month (Metropolitan centers) |
| Probation | One Year (can be extended if necessary) |
| Guarantee Bond | Minimum 5 years including the Probationary Period |
| Other Benefits | Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance, PLI, NPS, Leased accommodation |
| Official Website | www.uiic.co.in |
UIIC AO Pay Scale 2024
The pay scale for UIIC AO 2024 is as follows:
Rs. 50925-2500(14)-85925-2710(4)-96765
Along with this salary, various components such as Gratuity, LTS, Medical Benefits, Group Personal Accident Insurance, PLI, NPS, Leased accommodation are also included in the salary.
UIIC AO Salary Structure 2024
The UIIC AO Salary Structure includes various perks and benefits along with the basic salary offered. Check the proper UIIC AO Salary Structure in the table below.
| UIIC AO Salary Structure 2024 | Details |
| Basic Pay | Rs. 50,925 – 2,500(14) – 85,925 – 2,710(4) – 96,765 |
| Salary | Rs. 88,000 Per Month (Metropolitan centers) |
| Probation | One Year (can be extended if necessary) |
| Guarantee Bond | Minimum 5 years including Probationary Period |
| Other Benefits | Gratuity, Leave Travel Subsidy (LTS), Medical Benefits, Group Personal Accident Insurance, PLI, NPS, Leased accommodation |
UIIC AO In-Hand Salary 2024
The in-hand salary for UIIC AOs is disbursed according to company norms. Selected candidates will receive a fixed monthly stipend of ₹35,000. They will also receive other emoluments and can access various allowances as updated by the company.
UIIC AO Annual Package
The United India Insurance Company (UIIC) determines the salary for the Administrative Officer (AO) position based on government guidelines, including the pay scale, benefits, perks, and allowances. During the probation period, the annual package is approximately ₹4.2 lakhs. After completing the probation, selected candidates will be eligible for various allowances, salary increases, and additional benefits.
UIIC AO Salary Slip
At the end of each month, UIIC generates a salary slip for all employees. This slip details components such as basic pay, gross salary, net salary, deductions, and allowances. It serves as a valuable document for employees, assisting with various administrative tasks, including loan applications and income tax benefits.
UIIC AO Benefits and Gross Pay
The Officers will also receive benefits as follows:
- House Rent Allowance
- Travel Allowance
- City Compensatory Allowance
- Special Allowance
- Conveyance Allowance
- Dearness Allowance
- Gratuity
- LTS
- Medical Benefits
- Group Personal Accident Insurance
- Performance Linked Incentive (PLI)
- National Pension System (NPS)
- Leased accommodation would be extended as per the 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:
- 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.
- Claims Processing: Handling insurance claims involves investigating and processing claims submitted by policyholders. AO ensures that claims are valid and processes payments accordingly.
- Risk Assessment: Evaluating risks associated with insurance policies and making decisions on coverage and premiums.
- Policy Servicing: Handling policy-related services such as endorsements, renewals, and cancellations.
- Customer Service: Providing assistance and support to policyholders, addressing their queries, and resolving issues related to insurance policies.
- Marketing and Sales Support: AO may be involved in marketing activities and providing support to sales teams in promoting insurance products.
- Compliance and Regulations: Ensuring that all underwriting and claims processing activities comply with regulatory requirements and company policies.
- Data Analysis: Analyzing data related to insurance trends, claims, and underwriting to make informed decisions and improve processes.
- Coordination with Other Departments: Collaborating with other departments within the organization, such as finance, legal, and IT, to ensure smooth operations.
- Risk Management: Developing strategies for risk mitigation and management within the insurance company.
UIIC AO Job Profile for Specialists
The job profile for UIIC AOs varies based on the specialist area the candidate has applied for. Below are the primary responsibilities for each specialist branch:
Specialist – Risk Management
Risk Managers at UIIC identify and mitigate potential risks, particularly in insurance underwriting and investments. They utilize analytical skills to implement risk control measures, ensuring the company maintains a balanced risk profile while complying with industry regulations. Strong decision-making abilities are essential for success in this role.
Specialist – Finance and Investment
Finance and Investment Officers oversee UIIC’s financial portfolios, focusing on investment strategies and financial planning. Their responsibilities include managing funds for optimal returns and advising on suitable financial products. By analyzing investment opportunities and monitoring financial markets, they contribute significantly to the company’s financial health.
Specialist – Automobile Engineers
Automobile Engineers are responsible for claims processing and inspections related to vehicle insurance. They assess damaged vehicles to determine the extent of loss or damage, ensuring claims are valid and accurately calculated. This role requires hands-on experience with vehicles and a solid understanding of automobile mechanics and insurance policies.
Specialist – Chemical Engineers / Mechatronics Engineers
These engineers conduct technical evaluations and risk assessments for chemical plants, machinery, and specialized equipment. They assess safety protocols and the mechanical integrity of insured equipment, helping clients in industries like manufacturing comply with safety standards and reduce the risk of accidents.
Specialist – Data Analytics
Data Analytics Specialists manage extensive datasets related to policyholders, claims, and market trends. They employ data mining, predictive modeling, and statistical analysis to enhance the company’s underwriting and marketing strategies. Their insights drive data-informed decision-making and improve customer service.
Specialist – Legal
Legal Officers provide legal guidance, manage claims, and represent UIIC in legal matters. They ensure compliance with insurance laws and regulations, handle lawsuits, and draft legal documents. This role requires a thorough understanding of insurance law along with strong analytical and negotiation skills to protect the company from legal disputes.
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.
| Related Links |
| UIIC AO Notification 2024 |
| UIIC AO Syllabus 2024 |
| UIIC AO Cut Off 2024 |
| UIIC AO Salary 2024 |
| UIIC AO Exam Date 2024 |
| UIIC AO Online Coaching 2024 |
| Free Online UIIC AO Mock Test 2024 |
UIIC AO Salary 2024 – FAQs
A1. The basic salary of UIIC AO is Rs. 50,925 per month.
A2. UIIC AOs receive an initial gross pay of Rs. 88,000 per month in Metro cities.
A3. UIIC AOs are required to carry out underwriting, risk assessments and management, data analysis and a host of other tasks.
A4. The UIIC AO in-hand salary ranges from Rs. 65,000 to Rs. 70,000 per month.
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