The NIACL Apprentice Salary 2025 plays a vital role in attracting young graduates to this valuable training opportunity offered by the New India Assurance Company Limited. The NIACL apprenticeship program is structured to provide hands-on experience in the insurance sector, helping candidates develop essential skills while working in a professional environment. For many, this NIACL Apprentice recruitment 2025 is a great opportunity for people looking to start their career in the insurance and financial services industry. The salary offered to NIACL apprentices is presented as a monthly stipend, which not only reflects the industry standards but also offers financial support throughout the one-year engagement period. Alongside this stipend, candidates also gain exposure to various job roles such as customer service, policy documentation, claims processing, and administrative duties.

In this article, we explore the detailed salary structure, roles, and additional benefits associated with the NIACL Apprentice position in 2025.

NIACL Apprentice Salary Structure

The salary structure for NIACL apprentice recruitment 2025 is designed to provide financial support while ensuring that the stipend remains competitive within the industry. The key components of the salary structure include:

NIACL Apprentice Salary Slip

All candidates selected for the NIACL Apprentice post will receive a wage slip at the end of every month. The salary slip covers numerous details including base salary, gross salary, net salary, deductions, and other related details. The salary slip acts as proof of employment and it can also be utilized in applying for loans, income tax benefits, etc.

NIACL Apprentice Stipend

The rate of stipend payable to apprentices per month shall be Rs. 9,000/- p.m. No other remuneration or benefit (monetary or non-monetary) will accrue or be payable apart from the stipend as mentioned above. The stipend for a particular month shall be paid by the tenth day of the following month. No deduction shall be made from the stipend for the period during which an apprentice remains on leave with the approval of the designated employee of the Company as per the Company’s norms. For every other absence, pro-rata stipend will be deducted. 

NIACL Apprentice Job Profile

The job profile of a NIACL apprentice involves a variety of responsibilities designed to provide practical experience in the insurance sector. Key responsibilities include:

• Engaging with clients to address inquiries, provide information about insurance products, and assist in the claims process.
• Assisting in the evaluation and processing of insurance claims, ensuring that all necessary documentation is completed accurately.
• Performing administrative tasks such as data entry, document management, and assisting senior staff with various projects.
• Actively participating in training sessions and workshops to enhance knowledge of insurance policies, regulations, and best practices.
• In some cases, apprentices may be required to visit clients or conduct field surveys as part of their training.

NIACL Apprentice Leaves & Holidays

During the period of training, the apprentices will be entitled for one-day leave during a month and the same shall be credited to him at the beginning of the subsequent month. The leave shall be availed by the apprentice only after getting the prior permission of the Company. If no entitled leave is availed in a particular month, the same shall be carried forward to the next month. No other kind of leave shall be granted to apprentice trainees. 

An apprentice shall be entitled to such holidays as are observed in the Company. Apprentice can avail only 4 leaves at a time. Leave accumulated, if any will automatically get exhausted on termination/completion of contract.

NIACL Apprentice Perks & Benefits

The Apprentices will not be entitled to receive any benefits which are available for the employees of the Company. No deduction shall be made against statutory benefits (Provident Fund, Staff Medi-claim etc.) from the stipend payable to the apprentices. The apprentices shall not be entitled to any statutory contribution from the Company. This is not employment in the Company. Nor the same is contract employment. Please note that the candidates engaged as Apprentice will not be treated as “employees” of “The New India Assurance Company Limited and will not be entitled to receive any benefits which are available for the employees of the company.

Download and sign in for the Testbook App from the Playstore to boost your preparation for the NIACL Apprentice program. The enrolled students will also get access to mock tests, test series, experts’ advice, and the best study material for the post of NIACL Apprentice.