OICL AO Salary 2022 | Detailed OICL AO Salary Structure, Allowances and Job Profile

OICL AO Salary 2022 Overview

Job Highlights

OICL AO Salary 2022: The Oriental Insurance Company Limited will announce the recruitment for the post of Administrative Officers (AO) Scale one for various vacancies.Once the application date is announced we will update the recruitment 2022 notification. It is a good opportunity for the candidates who want to make a career in the Insurance Sector. It is a promising career option & you must be aware of the Oriental Insurance Work Profile, Duties, Salary & Payscale. Read this article and make yourself aware of Oriental Insurance Work Profile and other details.

OICL AO has not yet declared its exam date and vacancy for this year. People are just left into assuming the dates and figures. Getting a job at a premium Insurance Company is a big deal and you won’t land here that easily. OICL AO Salary will be explained in details below in the following sections. Here we are going to help aspirants about OICL AO Salary Structure, OICL AO Job Profile, OICL AO Career Growth and Promotions.

OICL AO Recruitment 2022 Notification 

OICL AO Recruitment Notification 2022 is tabulated below:

OICL AO Salary: Overview
Exam NameOICL AO 2022
Conducting AuthorityOriental Insurance Company Limited
Name of PostAdministrative Officer
Number of VacanciesExpected 300+
Application ModeOnline
Exam ModeOnline
Number of StagesPrelims, Mains and Interview
Official Websitewww.orientalinsurance.org.in

The Oriental Insurance Company Ltd. is a pioneer in laying down systems for the smooth and orderly conduct of the business. OICL specializes in devising special covers for large projects such as power plants, petrochemical, steel and chemical plants. Here we have all the details about Salary, Job Profile and Career Growth.

Click here to download Previous Year Papers for Govt Jobs

OICL AO Salary Structure, Allowances, Job Profile & Career Growth 2022

OICL AO Salary Structure | OICL AO Salary 

The Basic Pay of OICL AO Salary is Rs. 32795-(1610×14)-55335-(1745×4)-62315

This shows that the OICL AO will receive an initial Basic Pay of Rs 32795. Additionally, they will receive further allowances as well and along with this, they will have an annual increment of Rs 1610 for 14 years.

  • a. Total Emolument- Rs 51,000
  • b. A newly selected AO’s basic pay will be Rs 32795
  • c. He will get an annual increment of Rs 1610
  • d. He will keep receiving such increments for 14 years and when the basic pay reaches Rs 55,335, he will be eligible to get another increment of Rs 1745 for 4 more years till the salary reaches Rs 62,315.

<<Also, Check Syllabus For All Government Jobs, here>>

OICL AO Salary | OICL AO Allowances

Here we have explained about Salary Structure and it is mentioned below in the table.

OICL AO Salary: Allowances
House Rent Allowance (HRA)This allowance depends on the posting of the Administrative Officer (AO) on the basis of his location of posting, be it in Metropolitan cities, Big cities or any other locations.
Dearness Allowance (DA)The DA is revised quarterly based on the CPI. As DA depends upon CPI, it can increase or decrease based on the inflation rates.
City Compensatory Allowance (CCA)Like the HRA, the CCA too depends on the location the AO is posted. It can be 4 or less or even 0 percent based on the location of the job.

Along with the basic pay and allowances, an OICL AO receives the below mentioned perks and benefits as well:

  • a. Transport Allowance: The bank provides transport allowances to the OICL AOs.
  • b. Newspapers, Furniture, Books Reimbursements.
  • c. Medical Reimbursement.
  • d. Group Personal Accident Insurance Reimbursement.
  • e. Leased Accommodation: At some location, the bank provides quarter facilities to the AOs as well.
  • f. The bank also provides Loans and Advances at a much cheaper rate to its AOs.

<<Also, Check Notifications For All Government Jobs, here>>

OICL AO Job Profile & Career Growth | OICL AO Salary

OICL AO Job Profile is listed below in the table.

OICL AO Salary: Job Profile
1.Handling of policy claims
2.Verifying the risk proposals and authorization of claims
3.Filing of returns and statements to higher regional officers
4.Management of other assistants at the workplace
5.Implementing the plans and acquiring formal feedback for the company
6.Procurement of various businesses
7.Settlement of the insurance claims
8.Looking after the issuance of the insurance policies
9. He is responsible for the smooth running of the departments within the organization
10.Promotion of policies and acquiring clients
11. Meeting the prospective clients as a representative of OICL

OICL AO Career Growth 2022

OICL AO Salary: Promotions
OICL AO Promotion is usually seniority-based.
An Administrative Officer gets his first promotion after completion of 5 years of service.
There is also a Fast-track channel that allows an Administrative Officer to get his promotion after 3 years in service.
Promotions in Oriental Insurance Company Limited are generally slow as compared to other banks.
An Administrative Officer is promoted as the Deputy Manager and the Deputy Manager is levelled higher as the Zonal Manager.

OICL AO Salary Structure, Job Profile & Career Growth @www.orientalinsurance.org.in

Finally candidates can check OICL AO Salary Structure and  Job Profile here. So, applicants can make their preparation easier by following OICL AO  Syllabus. Download OICL AO Exam Pattern along with OICL AO Previous Year Papers through this article. Also, for more job updates subscribe and stay tuned to our website RecruitmentHunt.

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