NIACL AO Phase 1 result declared

NIACL AO Phase 1 – The New India Assurance Company LTD, a government of India undertaking, has released the NIACL AO results on the official website, according to the NDTV report. The NIACL AO first phase written exams results have been released on the website, newindia.co.in. The NIACL had announced the recruitment of 312 Administrative Officers (Generalists and Specialists) (Scale-I) last year. The list of roll numbers of provisionally shortlisted candidates for Phase-II of the recruitment exercise for the post of NIACL AO can be found on the website mentioned above. A direct link of NIACL AO result has also been provided here in this story.

According to the NIACL result notification, downloading of call-letters indicating date and venue of Phase-II examination will commence shortly. Candidates are advised to keep visiting the recruitment section of NIACL website for further details.

Mark-sheet and cut-offs of NIACL AO results of the Phase-I exam will be displayed on the official website soon. The preliminary exam of NIACL AO posts was held on January 30. Candidates who took the exam said the difficulty level of the exam was easy to moderate.

The NIACL AO online examination comprised objective type multiple choice tests with questions from three areas; English Language, Reasoning Ability and Quantitative Aptitude for a total of 100 marks.

Established by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 28 countries and headquartered at Mumbai, India. Our global business crossed Rs. 22,270 crore in March 2017.

NIACLAO has been market leaders in India in Non-Life business for more than four decades. Its Indian business crossed Rs.19, 100 crores in March 2017. In fact, NIACLAO is the only direct insurer in India rated A-(Excellent) by AM BEST Company since 2007. We have been rated AAA/Stable by CRISIL since 2014, indicating that the company has the highest degree of financial strength to honour its Policyholder’s obligations. The firm has been leading the market, apart from premium, in reserves and net worth for many years.

Indian operations today span across all territories through 2,452 offices, including 1,339 Micro Offices.  The company has 17,702 employees and 68,389 tied agents as on June 30, 2017, providing insurance services to our customers.  The insurer has in excess of 230 products.

Global Gross Premium for FY 2016-17 was Rs.22,279 crore and for the first quarter of FY 2017-2018, ended June 30, 2017, is Rs.6132 crore. Profit before Tax and after tax as on June 30, 2017, is Rs.601 crore and Rs.499 crore respectively.  The net worth of the company including fair value stands at Rs.37,593 crore, Investments at Market value is Rs.56,305 crore and Asset base at Rs.72,576 crore.

Pioneers

  • The first company to set up an Aviation Insurance Department in 1946
  • The first company to handle the Hull Insurance requirements of the Indian Shipping Fleet
  • The first company to establish its own Training School.
  • The first company to introduce the concept of ‘Model Office Training’
  • The first company to create a department in Engineering insurance
  • Pioneer in Satellite insurance

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