OICL AO Salary
The Administrative Officer at Oriental Insurance Company Limited is a Scale I officer. It is an authoritative post where decision making is involved. An administrative officer acts as the First Officer. He is the representative of OICL. It is one of the reputed jobs with good remuneration. Being a government job, people madly opt for it. And why not? After all, everyone works for money. AO is not only the tag that everyone craves for but also a sustainable job.
OICL AO Salary Job Profile
The notion that a government employee has an easy going life is completely null and void. The work of an Administrative Officer of the Oriental Insurance Company Limited is very tedious. He can be posted to anywhere in India. The Specialists are posted in urban areas while the Generalists are posted anywhere in the country. An AO is entitled to Claim settlements, Underwriting, Risk Assessment, and Supervision of Assistants work. They even verify the risk proposals. Most of the work is related to the insurance policies.
The major responsibilities an AO handles are
- Filing returns and statements to higher officials
- Various business procurements
- Policy promotions and acquiring clients
- Smooth running of the departments in the organization
- Representing OICL to the prospective clients
- Implementation of plans
- Acquiring formal feedbacks for the company
OICL AO Salary Overview
|Initial Basic Pay||Rs.32,795|
In addition, an AO also receives the House Rent Allowance, Dearness Allowance, and City Compensatory Allowance.
Along with these, an AO is blessed with several other perks and benefits.
OICL AO Perks and Benefits
- Transport Allowance
- Medical charges Reimbursements
- Reimbursements for newspapers, books, and furniture
- Accident Insurance Reimbursement
- Accommodation on Lease
- Loans at very cheap rates
OICL AO Promotions
The promotions are usually seniority based. An AO is promoted after 5 years, but, through a fast track channel, an AO can be promoted within 3 years as well. However, the promotions at OICL are generally slow as compared to any other bank. The hierarchy goes as Administrative Officer, Deputy Manager, Zonal Manager.
OICL AO is a very secure job which accelerates your career as you work harder. As you work, your basic pay and perks will eventually increase. It is one of the respected and highly paid jobs. No matter how hard the examination seems, it gives you a genuine and white-collar job. One must always give it a try if he/she is looking forward to withstanding their future aesthetically.