OICL AO Salary Structure, Pay Scale, Allowance and Benefits 2025

Salary and job profile are two important aspects that attract a lot of candidates. OICL AO provides higher wages and allowance benefits to all of its employees. The enlistment exercise for the AO post is carried out by conducting an online examination in two phases – Preliminary and Mains followed by the Final Interview. Applicants who are interested in this post should be aware of the latest OCIL AO recruitment, Job Profile, OCIL AO Salary Structure, Perks, and Allowances. Also, candidates must do more last year's papers to get a good score.

OICL AO Salary Structure

Basic pay for AO post is Rs 32,795 per month in the scale of Rs.32795 - 1610(14) - 55335 - 1745(4) - 62315 and Overall Monthly Revenue of Rs. 51,000 per month approximately.

OICL AO Salary Increments

The new pay scale of OICL AO is 32795-1610(14)-55335-1745(4)-62315

It means that your initial basic pay will be Rs. 32,579 and you will receive an increment of Rs. 1610 for up to 14 years of your service.

After 14 yrs. of vast experience, your basic pay will rise to Rs. 55,335 and you will receive an increment of Rs. 1745 for 4 years until the basic pay reaches Rs. 62,315.

OICL AO Allowances and Perks

Apart from higher wages, Administrative Officers are granted like - Dearness Allowance, House Rent Allowance, Transport Allowance, City Compensatory Allowance etc.

OICL AO Salary Benefits

1. Bank’s Accommodation – Subject to accessibility, reimbursement of expenses for maintenance of newspaper, book grant, furniture etc. as per eligibility.
2. Medical facility – The officers are provided reimbursement of medical fees and also group personal accident insurance.
3. Loans and Advances at concessional rate of interest for a vehicle, housing, computers etc. Elected candidates will be covered by the New Pension Scheme (NPS), furthermore having the benefit of gratuity.
4. At some locations, residential quarters are available for newly appointed AOs.

OICL AO Career Prospects

• Directly enrolled AOs have to undergo a probation period of 1 year
• In rare cases, the probation period can be extended for another 6 months.
• For directly recruited AOs, probation is much like a training period.
• At the end of the training period, the Insurance Institute of India conducts the non - life “Licentiate Examination” which is mandatory to be cleared by directly recruited AOs.
• After clearing, the AOs will be entitled to the vindication of services in oriental insurance company limited. Failing to clear the examination, the officer will be disposed of from the services.

OICL AO Promotions and Growth

If a candidate continues their work with sheer dedication and hard work, then an OICL Administrative Officer can reach up to the post of RM (Regional Manager) or DGM (Deputy General Manager). Provided below is a list of the posts that the AO can be promoted to after rendering a definite time period of service.

• CMD chairman or Managing Director
• General Manager
• Deputy General Manager
• Regional Manager
• Senior Branch Manager / Senior Divisional Manager (Scale 4)
• Branch Manager
• Assistant Manager
• Administrative Officer (Scale 1)

Officers who perform extraordinarily in technical exams – Licentiate, Associate and Fellowship exam have a greater scope of climbing up the hierarchical ladder.

OICL AO Departments

A list of departments in which an Administrative Officer gets a chance to work is represented below

• Accounts Department
• Law Department
• Medical Department
• Automobile Department
• Actuarial Science Department

Oriental Insurance Corporation Limited (OICL) is one of the most prestigious and profit making government insurance companies in India. Joining such a reputed company is a matter of pride for the candidates. OICL AO post grants the candidates with excellent career growth and future opportunities. Also, the salary of OICL AO is appreciably good and they are provided with decent allowances and other perks. So candidates must refer to all the latest OICL AO recruitment notifications and start studying as per the latest exam pattern to get a good score in the exam.