UIIC AO Salary 2024
UIIC AO Salary 2024: The United India Insurance Company (UIIC) is recruiting for the post of Administrative Officer. Candidates interested in the position will be curious about the salary structure and benefits that UIIC AOs are entitled to. This article will provide all the details about the pay scale, benefits, job profile and career growth opportunities of UIIC AO.
UIIC AO Salary 2024 – Overview
On 7th January 2024, UIIC announced the recruitment process for 250 Administrative Officer posts. Candidates interested in joining this illustrious organisation and starting their career in the insurance field should know the details of the recruitment. These are as follows:
| Headings | Details |
| Recruitment Organization | United India Insurance Company Ltd. (UIICL) |
| Post Name | Administrative Officer (AO) Scale-I Generalist |
| Advt No. | UIIC AO Recruitment 2024 |
| Vacancies | 250 |
| Job Location | All India |
| Category | UIIC AO Notification 2024 |
| Official Website | uiic.co.in |
UIIC AO Salary 2024 – Pay Scale
The pay scale for UIIC AO is as follows:
Rs. 50925 – 2500 (14) – 85925 – 2710 (4) – 96765
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:
- 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 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 – Frequently Asked Questions
A1. The basic salary of UIIC AO is Rs. 50925 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.
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