The New India Assurance Co. "Job Security" Reviews

Likes

Our team work and skills development

Dislikes

Job security and salary issue

Likes

Team work & job security,work environment & career Growth

Dislikes

None

Work Details

Enjoying work culture.

Work days: Monday to Friday (Strict Timings)

Work related travel: This job involves Travel Within City.

Employee Benefits

Free interest Car Loan, tele, Mobile bill n internet reimbursement.

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.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.

Likes

Full job security , good opportunity for youngsters to grow fast by passing various exams , good work culture & environment , good salary with various other facilities.

Dislikes

Reservations like other govt. co's where less deserving sometimes grows faster which hurts many who are more deserving .5- 10 minute interview decides the promotion & sometimes the excellent performance of 5 years goes in vain if u miss some questions in interview

Work Details

Work is simple , mainly routine type of work , in marketing it is challenging , due to tough competition & unfair practices by competitors

Work days: Monday to Friday (Flexible Timings)

Work related travel: This job involves Travel Within City.

Employee Benefits

LTS , HOLIDAY HOMES , HOUSING LOAN , VEHICLE LOAN , VEHICLES FOR MARKETING PEOPLE , PETROL EXPENSES , etc.

Likes

Extreme challenges in work work since PSU and sub-ordinates have good job security; whrereas there is high level competition from private players.

Dislikes

Too many restrictions and controls from Govt., Auditors etc which causes delay and low decision making

Work Details

The company's No.1 position was at stake when I joined. i could drive away that threat and help the company to go forward as No.1 much ahead of others.

Work days: Monday to Saturday (Strict Timings)

Work related travel: This job involves International Travel.

Likes

Job security &growth

Work Details

Work days: Monday to Friday (Strict Timings)

Work related travel: This job involves Travel Within City.