New India Assurance Co Ltd (NIACL) Apprenticeship Programme 2024 - Everything Explained

New India Assurance Co Ltd (NIACL) has released notification for recruitment of apprentices for 2024-25. This apprenticeship is basically a training programme, which will train you in the BFSI sector.
In this blog, I have covered all the necessary details related to this apprenticeship notification.

Post: Apprentice
Vacancy: 325+
Organisation: New India Assurance Co. Ltd. (NIACL)
Eligible: Both Male and Female.
Engagement: 1 year (BFSI training).
Training: BFSI (Banking, Financial Services and Insurance).
Last Date: 05/10/2024

Vacancies:
A total of 325 vacancies for NIACL Apprentice have been notified, which is distributed as follows:
A. Category-wise:
UR: 190, EWS: 22, OBC: 62, SC: 33, ST: 18

B. State-wise:
1. Uttar Pradesh: 22
2. Bihar: 05
3. Jharkhand: 05
4. Madhya Pradesh: 12
5. Delhi: 17
6. Chhattisgarh: 04
7. Rajasthan: 12
8. Himachal Pradesh: 02
9. Haryana: 07
10. Punjab: 12
11. Uttarakhand: 05
12. Pondicherry: 02
13. Tamil Naidu: 24
14. Telangana: 10
15. Odisha: 07
16. Kerala: 15
17. Andhra Pradesh: 10
18. Maharashtra: 75
19. Arunachal Pradesh: 01
20. Assam: 05
21. Manipur: 02
22. Meghalaya: 02
23. Mizoram: 01
24. Nagaland: 03
25. Tripura: 04
26. Karnataka: 13
27. West Bengal: 12
28. Gujarat: 20
29. Andaman & Nicobar Island: 01
30. Sikkim: 02
31. Jammu & Kashmir: 04
32. Chandigarh: 03
33. Leh: 01
34. Goa: 03
35. Dadra and Nagar Haveli: 01
36. Lakshadweep: 01

Important Dates:
Application Begin: 21/09/2024
Last Date to Apply Online: 05/10/2024
Complete Form Last Date: 05/10/2024
NIACL Exam Date: 12-14 October 2024
Admit Card Available: Before Exam

Application Fees:
General/OBC/EWS: ₹944
SC/ST: ₹708
PH (Divyang): ₹472
All Category Female: ₹708

Educational Qualification (As on 01/09/2024):
Graduate in any stream from any UGC recognised university.

NOTE:
(i) A candidate must be a citizen of India.
(ii) A candidate should not have undergone Apprenticeship Training earlier or has been pursuing Apprenticeship Training under the Apprentices Act in this Company or any other organisation.

Age limit (As on 01/09/2024):
Minimum: 21 years
Maximum: 30 years
Age relaxation in the upper age limit will be given to:
1. OBC (NCL): 3 years
2. SC/ST: 5 years
3. Physically Handicapped: 10 years
4. Widows, divorced women and women legally separated from their husbands who have not remarried: Age concession up to the age of 35 years for General/EWS, 38 years for OBC and 40 years for SC/ST candidate.

What is Apprenticeship?
Apprenticeships are a work-based learning model where learners have supervised on-the-job training, along with job-related education, all while earning a wage.

Training consists of basic training (theoretical instructions) and practical "on-the-job training" at the actual work place. The person undergoing an apprenticeship is called an Apprentice.

Will this Apprenticeship give me a permanent job in NIACL?
No this will not give you a permanent job in NIACL.
But you will definitely get a very good job in private sector banks/insurance companies.

Will I get paid in this Apprenticeship?
Yes, you will get paid!
• You will receive a monthly stipend of ₹9,000.
• Apprentices do not receive any other allowances or benefits.
• The stipend for a particular month shall be paid by the tenth day of the following month.

Duration of NIACL Apprenticeship:
This Apprenticeship will be 1 year (52 weeks) long, which will include:
a. 2 weeks Basic Training (theory classes)
b. 50 weeks On-the-Job Training (posted in any branch of NIACL).

Will I get any certificate?
This Apprenticeship programme is being conducted jointly by NIACL, under National Skill Development Corporation (NSDC) and the "BFSI Sector Skill Council of India (BFSI-SSC)."

Proving successful completion of the apprenticeship involves passing a skill evaluation test (Trade test).
On passing the test, you will get a joint National Apprenticeship Certificate issued jointly by NIACL-NSDC/BFSI-SSC.

What are the benefits of this NIACL Apprenticeship?
This Apprenticeship programme will boost your career in Banking, Insurance and Finance Sector. Some of the benefits are:
1. It will help you in learning everything about the banking, insurance and finance sector. You will be able to make good decisions related to your money and finances.
2. After getting trained in BFSI, you can work independently as a financial advisor, and give advice related to insurance and investments to people.
3. Since you are trained in BFSI by the largest general insurance company of India (NIACL), your value in the market will rise up. You will get a very good job in private sector banks or insurance companies or any company providing financial services.

Selection Process:
It consists of a computer based examination, followed by a test of the local language.

On the basis of your performance in this test, and qualifying local language tests of your regional preference, you will be selected for this Apprenticeship.
This exam will be of MCQ type, and its structure will be:

a. 25 questions from General/Financial Awareness (of 25 marks).
b. 25 questions from General English (of 25 marks).
c. 25 questions from Quantitative and Reasoning Aptitude (of 25 marks).
d. 25 questions from Computer Knowledge (of 25 marks).

Total: 100 questions (of 100 marks)
Time Duration: 60 minutes
Negative Marking: -0.25 marks (1/4th)

After getting selected, your knowledge of local knowledge (of the region you selected in your form) will be tested.
Qualifying this is very important for appointments.

NOTE: Candidates who produce 10th or 12th standard mark sheet/certificate evidencing having studied the specified opted local language will not be required to undergo the local language test.

That's all about NIACL Apprenticeship 2024 notification.
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