The New India Assurance Co. "Appraisal" Reviews

Likes

Work culture, Colleagues, Promotion Policy, Benefits, Suitable for Women Staff

Dislikes

No dislike

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This job involves Travel Within Country.

Likes

Largest Non-Life Insurance Co of India & II largest in Asia. Recently 14% stake was did-invested by The Govt. Of India, earlier it was wholly owned by Govt. Of India. Lot of growth opportunities for deserving employees due to promotion exercise held annually.

Dislikes

None

Work Details

Being in Marketing lot of competition with in the industry & company both.

Work days: Monday to Friday (Flexible Timings)

Work related travel: This job involves Travel Within City.

Likes

It is a great company with rating as A(excellent) by A.M.Best and I thoroughly enjoyed and learned during my tenure in various cadre.

Dislikes

In the early stage the company promotion system was too slow no green channels, otherwise I could have reached higher cadre than SDM at the time of retirement.

Work Details

Senior Divisional Manager in Chennai Division as unit In-Charge take care of Branches' and Micro offices's

Work days: Monday to Friday (Strict Timings)

Work related travel: This job involves Travel Within City.

Likes

New India Assurance company is presently a wholly owned govt.of India insurance company.There is 3 tier structure viz Branch office,Divisional office and Regional office.The staff strength in the company has drastically reduced due to mass retirement and absence of recruitment for over 20 years.Accordingly many had lost their prospect and could not go higher in cadre.Never the less situations have changed and mass recruitment at both officer level and Assistant level has started.After their entering the services of the company employees are given induction training.But the service seniority is reckoned from the date of joining the company.There is ample scope for quick promotions now and one can rise to high cadre . The salary of the New Indian's is very high compared to the salary given by banks to similar cadre.There are also lot of facilities like housing loan,vehicle loan,leave encashment once in 2 years,Leave travel facility,holiday home facility,maternity and paternity leave,...Read More

Dislikes

Employee's have cent percent job security.There is also good team work among them.Normally work pressure is felt on the employees especially those who are good workers.But these are ignored by the management when any small complaints lodged against them by the public which actually would have been the crooked conspiracy of vested interest persons resulting in stalling the promotion prospects of hard working employees</mark>.Since Regional In charges are the recommending authority for grant of promotion by head office and these people will not be familiar to us due to their coming from other states and may not be knowing the working efficiency of the particular person,simply discard him just because of the falls complaints. There are now lot of forums like RTI act,consumer forums,civil courts for redressing the grievances of the public with respect to claims,policy issuing etc....Read More

Work Details

The nature of job was thrilling and also tight work.I was Asst.Manager at the time of retirement and I was in charge of the Motor Legal Dept. as well as all other claims Dept.like Motor,fire,Misc. etc.Being second officer in the Division,I

Work days: Monday to Friday (Strict Timings)

Work related travel: This is a desk job.