Latest news with #NIACL
News18
2 days ago
- Business
- News18
NIACL Apprentice Recruitment 2025: Registration Begins For 500 Posts, Check Details
Last Updated: To qualify for the NIACL Apprentice Recruitment 2025, candidates must have a bachelor's degree in any field from a recognised university or hold equivalent qualifications. The New India Assurance Company Limited (NIACL) has started its online application process for recruiting 500 apprentices. Interested candidates can apply on the official website, with the application deadline being June 20, 2025. Candidates will be selected based on an online written examination which is set to take place on July 26, 2025 (tentative). Those who successfully clear the exam and the subsequent rounds will undergo a structured apprenticeship training programme in the insurance sector. They will get a stipend of Rs 9000 per month. NIACL Apprentice Recruitment 2025: Vacancy Details SC: 61 ST: 30 OBC: 110 EWS: 39 General: 260 Total: 500 NIACL Apprentice Recruitment 2025: Eligibility Criteria Educational Qualification: To qualify for the NIACL Apprentice Recruitment 2025, candidates must have a bachelor's degree in any field from a recognised university or hold equivalent qualifications. Only those who graduated on or after April 1, 2021, are eligible for this recruitment cycle. Age Limit: Candidates should be between 21 and 30 years old as of June 1, 2025. This means that eligible applicants must have been born between June 2, 1995, and June 1, 2004. Step 2 – Go to the careers section and click on the recruitment link Step 4 – Fill out the application form with required details Step 5 – Upload documents including photograph, signature, graduation certificate and government issued ID card Step 6 – Pay the application fee Step 7 – Submit and and print the confirmation page for future use 'Candidates must opt only one State while applying in the Company. The candidates may be assigned any of the offices of a particular regional office of the company under the territory of a particular State. However, allotment will be based on need of the Company & subject to the availability of seats.," reads the official notice. NIACL Apprentice Recruitment 2025: Application Fees General/OBC Rs 800/+GST@18% – Rs 944 Women candidates Rs 600/+GST@18% – Rs 708 SC/ST Rs 600/+ GST@18% – Rs 708 PwBD Rs 400/+ GST@18% – Rs 472
Time of India
2 days ago
- Business
- Time of India
NIACL Apprentice 2025 registration window opens: Direct link to apply for more than 500 vacancies here
NIACL Apprentice recruitment 2025 : The New India Assurance Company Limited (NIACL), a leading public sector general insurance company, has opened its online application portal for the recruitment of 500 apprentices. The application process is underway on the official website, with the deadline for submission set for June 20, 2025. This nationwide recruitment drive aims to induct fresh graduates into the insurance sector through a structured apprenticeship training programme. The online written examination is scheduled for July 26, 2025. NIACL Recruitment 2025: Eligibility criteria To be eligible for the NIACL Apprentice Recruitment 2025, candidates must meet specific educational and age-related criteria. Applicants should possess a bachelor's degree in any discipline from a university recognized by the Government of India or hold qualifications deemed equivalent by the Central Government. Importantly, only those who have completed their graduation on or after April 1, 2021, are considered eligible for this recruitment cycle. Candidates who obtained their degree prior to this cut-off date will not be considered. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo In terms of age, candidates must fall within the age bracket of 21 to 30 years as of June 1, 2025. This means applicants should have been born between June 2, 1995, and June 1, 2004, inclusive of both dates. These criteria ensure that the recruitment targets young graduates who are relatively new to the job market and capable of undergoing professional training under the apprenticeship model. It is essential for prospective applicants to carefully verify their eligibility before applying, as non-compliance with these requirements may result in disqualification at any stage of the selection process. NIACL Apprentice recruitment 2025: Steps to check Candidates can follow the steps mentioned here to apply for the NIACL Apprentice recruitment 2025: Visit the official website : Go to Click on the careers section : Navigate to the 'Recruitment' or 'Careers' tab and select NIACL Apprentice 2025 . Register yourself : Use a valid email ID and mobile number to create an account. Fill in the application form : Enter personal, educational, and contact details carefully. Upload documents : Upload scanned copies of your photograph, signature, and required certificates as per the instructions. Pay the application fee : Make the payment through a secure online gateway. Submit and download : After final submission, download and print the confirmation page for future reference. Alternatively, candidates can click on the link provided here to apply for the NIACL Apprentice recruitment 2025. Candidates can click on the link provided here to download the NIACL Apprentice recruitment 2025 PDF. Candidates must stay tuned to the official website to get the complete details of the NIACL Apprentice recruitment process 2025. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
Entrepreneur
20-05-2025
- Business
- Entrepreneur
The New India Assurance Reports Q4 Profit Dip Despite Operational Gains for FY25
Despite the dip in quarterly net profit, NIACL's operating performance showed notable improvement. Operating profit more than doubled to INR 516.8 crore in Q4FY25 from INR 208.8 crore in the year-ago period You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The New India Assurance Company Ltd. (NIACL), an Indian general insurer, reported a marginal 2.1 per cent year-on-year decline in net profit at INR 346.6 crore for the quarter ended March 31, 2025, compared to INR 353.9 crore in the same period last year. The figures were disclosed in a regulatory filing submitted by the company on Monday. Despite the dip in quarterly net profit, NIACL's operating performance showed notable improvement. Operating profit more than doubled to INR 516.8 crore in Q4FY25 from INR 208.8 crore in the year-ago period. The underwriting loss narrowed significantly to INR 1,142.6 crore from INR 1,682.6 crore in Q4FY24, driven by lower claims and better cost controls. Gross written premium (GWP) in the fourth quarter rose 8.1 per cent year-on-year to INR 11,432.6 crore, signaling steady business momentum. Asset quality also improved, with the gross non-performing asset ratio falling sharply to 0.23 per cent from 0.72 per cent in the previous quarter. Operational efficiency gains were further evident as the combined ratio—a key indicator of profitability in the insurance sector—improved sequentially to 111.46 per cent from 116.28 per cent. For the full fiscal year 2024–25, NIACL recorded an all-time high GWP of INR 43,618 crore, reflecting a 3.86 per cent increase over the INR 41,996 crore reported in FY24. However, annual net profit declined 12.86 per cent to INR 2,988 crore, down from INR 3,429 crore in the previous year. The drop was primarily due to a provision of INR 802 crore made towards legacy non-moving reinsurance balances. Girija Subramanian, chairman & MD, NIACL, said, "It gives me great pleasure to inform you that NIACL has achieved an all-time high GWP of INR 43,618 crore in FY25, reflecting a growth of 3.86 per cent despite challenging market conditions. Even more encouraging is that our continued emphasis on profitable growth over the past several quarters is now yielding results." Subramanian highlighted a reduction in underwriting losses by 11 per cent, improved claim ratios, and a stronger solvency position. "The solvency ratio has improved from 1.81x in FY24 to 1.91x in FY25, underscoring the company's financial strength," she added.
United News of India
20-05-2025
- Business
- United News of India
New India Assurance reports record Rs 43,618 cr GWP in FY25
Mumbai, May 19 (UNI) The New India Assurance Company Ltd (NIACL), India's largest general insurer by market share, on Monday announced its financial results for the fourth quarter and full fiscal year ending March 31, 2025, registering an all-time high Gross Written Premium (GWP) alongside notable operational improvements. The company's GWP rose by 3.86 percent to Rs 43,618 crore in FY25, compared to Rs 41,996 crore in the previous fiscal year. NIACL maintained its leadership position with a market share of 12.6 percent in the general insurance sector. Operational efficiencies contributed to a reduction in the combined ratio from 120 percent in FY24 to 117 percent in FY25. The solvency ratio strengthened to 1.91 times as of March 31, 2025, up from 1.81 times a year earlier, reflecting enhanced financial stability. Girija Subramanian, Chairman and Managing Director, said, "It gives me great pleasure to report NIACL's record Gross Written Premium of Rs 43,618 crore in FY25 despite challenging market conditions. Our focus on profitable growth has yielded results, with underwriting losses reduced by 11 percent due to a lower claim ratio and significant cost optimisation. The combined ratio improved from 119.88 percent to 116.78 percent year-on-year." She added, "While the Motor Third Party segment's elevated loss ratio restrained further improvement due to delayed premium revisions, NIACL's continued market leadership and improved solvency underscore our robust position. The balance sheet remains strong with assets under management exceeding Rs 98,000 crore. Provisions amounting to Rs 802 crore for legacy reinsurance balances impacted net profit and ROE, but adjusted results show excellent year-on-year performance." The company reported a net profit of Rs 988 crore in FY25, down by 12.86 percent from Rs 1,129 crore in FY24, primarily due to the legacy provisions. Girija concluded, "In FY26, we will focus on enhancing profitability and launching innovative products targeting retail and MSME segments to sustain growth and value creation for stakeholders." UNI BDN SS
