NICL AO Finance (CA/CMA) Officer Exam 2026 Highlights
NICL has nearly 2,000 offices in India and branches in Nepal. It is one of the country's largest public-sector insurers.
This page focuses on the NICL AO Finance (CA/CMA) Officer notification for 2026. NICL is recruiting 321 Scale I Administrative Officers in Generalist and Specialist streams. The NICL AO Finance (CA/CMA) Officer stream has 20 vacancies among the Specialist posts.
Applications for the NICL AO Finance (CA/CMA) Officer post open on October 08, 2026. They close on October 28, 2026. Age must be 21 to 30 years as of October 01, 2026. Candidates need a Chartered Accountant (CA) or Cost and Management Accountant (CMA) qualification.
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NICL AO (Administrative Officer) Finance Exam 2026 Highlights
| Conducting Body | National Insurance Company Limited |
|---|---|
| Official Website | https://nationalinsurance.nic.co.in/ |
| Name of the Post | NICL Administrative Officer (Finance) |
| Mode of Exam | Online |
| Stages |
3 Stages
|
| Maximum Marks & Time Duration |
|
| NICL AO Finance Online Registration & Payment of Application Fees 2026 |
08 October 2026 to 28 October 2026 |
| NICL AO Finance Phase I Examination | 17 November 2026 |
| NICL AO Finance Download of Call Letters | To be notified later |
| NICL AO Finance Phase II Examination | 22 December 2026 |
| NICL AO Finance Vacancies 2026 | 20 |
| NICL AO Finance Official Notification 2026 [PDF] | |
NICL AO Finance (CA/CMA) Officer Notification 2026
The NICL AO Recruitment notification 2026 announces 321 vacancies. This includes 20 vacancies for the NICL AO Finance (CA/CMA) Officer recruitment.
Online registration for the NICL AO Finance (CA/CMA) Officer exam runs from October 08, 2026 to October 28, 2026. During this period, you must fill out the application form and upload all required documents. You must also pay the application fee to apply for the NICL AO Finance (CA/CMA) Officer posts. .
NICL AO Finance Vacancies 2026
| Post | UR | OBC | SC | ST | EWS | Total Vacancies |
|---|---|---|---|---|---|---|
| Finance (CA & CMA) | 10 | 5 | 2 | 1 | 2 | 20 |
NICL AO Finance (CA/CMA) Eligibility criteria
Candidates applying for theNICL AO Finance (CA/CMA) stream must be between 21 and 30 years of age. Age relaxations apply as follows: SC/ST receive 5 years, OBC (non-creamy layer) 3 years, Persons with Benchmark Disabilities 10 years, Ex-servicemen and Commissioned Officers 5 years, and confirmed employees of public-sector general insurance companies 8 years.
Educationally, you must hold either a Chartered Accountant (ICAI) or Cost Accountant (ICWA) qualification, or a B.Com/M.Com degree from a UGC-recognized university with at least 60% marks (55% for SC/ST). Your final mark sheet and degree certificate must be in hand by 1 May 2025; provisional or awaiting-result certificates are not accepted. Ensure you have all original certificates ready for verification at the interview stage.
| Disciplines | Academic Qualification |
|---|---|
| Finance (CA & CMA) | Chartered Accountant (ICAI) / Cost and Management Accountant (The Institute of Cost Accountants of India, earlier known as ICWAI) AND Graduation/Post Graduation in any discipline from a recognized University with at least 60% marks in either of the degree examinations (at least 55% for SC/ST/PwBD candidates). |
NICL AO Finance (CA/CMA) Syllabus and Exam Pattern 2026
The selection process comprises three stages: the Preliminary Exam, Mains Exam, and Personal Interview. Only eligible candidates will proceed to these stages based on their qualifications and experience. Upon selection, the candidates will be required to serve a minimum of 4 years, including a 1-year probationary period.
At the time of joining, selected candidates will be expected to sign an undertaking to this effect. All those who wish to apply for the upcoming exam should take note of the NICL AO exam pattern in detail which is needed if you want to prepare a good preparation plan. The selection process of AO consists of three main phases:
Phase 1: Prelims (objective)
Phase 2: Mains (objective & descriptive)
Phase 3: Interview
Candidates should go through the complete exam pattern to know about other details such as the exam language and marking scheme.
NICL AO Finance (CA/CMA) Prelims Exam Pattern
Preliminary Examination consisting of Objective Tests (Multiple Choice type Questions) for 100 marks will be conducted online (applicable for all disciplines except Hindi Officers). This test would be of 60 minutes duration consisting of 3 sections (with separate timings for each section) as follows -
| Name of Test | No. of Questions | Marks | Duration | Medium of Exam |
|---|---|---|---|---|
| English Language | 30 | 30 | 20 minutes | English |
| Reasoning Ability | 35 | 35 | 20 minutes | English / Hindi |
| Quantitative Aptitude | 35 | 35 | 20 minutes | English / Hindi |
| Total | 100 | 100 |
Applicants must achieve passing marks as determined by the Company in each test or section. The Company will shortlist a sufficient number of candidates in each category (approximately 15 times the number of vacancies, subject to availability) for the Main Examination.
NICL AO Finance (CA/CMA) Mains Exam Pattern
The mains examination will consist of Objective Tests (Multiple Choice type Questions) for 250 marks and Descriptive Test for 30 Marks. Both the Objective and Descriptive Tests will be online.
(i) Objective Test: The Objective Test of 3 Hours duration consists six sections for Finance officer, for total 250 Marks. The sixth section is an additional test to assess technical & professional knowledge in the Finance discipline.
| Name of Test | No. of Questions | Marks | Duration |
|---|---|---|---|
| Reasoning Ability | 40 | 40 | 35 minutes |
| General Awareness | 40 | 40 | 20 minutes |
| Quantitative Aptitude | 40 | 40 | 35 minutes |
| English Language | 40 | 40 | 30 minutes |
| Computer Knowledge | 40 | 40 | 25 minutes |
| Technical & Professional Knowledge in Relevant Discipline | 50 | 50 | 35 minutes |
| Total | 250 | 250 |
(ii) Descriptive Test: The descriptive Test of 30 Minutes duration with 30 marks will be a Test of English Language. The descriptive test will be in English and will be conducted through on-line mode.
(Essay – 10 Marks, Précis – 10 & Comprehension – 10 marks).
Candidates will have to answer the Descriptive Test by typing on the computer. Immediately after completion of the Objective Test, Descriptive Test will be administered.
NICL AO Finance (CA/CMA) Syllabus 2026
Candidates aspiring to become NICL AO Finance (CA/CMA) Officers should be well-versed with the NICL AO Finance (CA/CMA) Finance Syllabus and Exam Pattern for the year 2026.
The table provided below contains a detailed breakdown of the NICL AO Syllabus section by section, to aid candidates in their preparation. The subjects assessed in the Prelims are Reasoning, English language, Quantitative Aptitude.
| Section | Topics |
|---|---|
| Quantitative Aptitude | Number System, Simplification, Percentage, Ratio and Proportion, Average, Profit and Loss, Simple Interest and Compound Interest, Time and Work, Time, Speed and Distance, Mixture and Allegation, Permutation and Combination, Probability, Data Interpretation, Number Series, Mensuration, Sequence and Series, Surds and Indices |
| English Language | Grammar, Vocabulary, Error Spotting, Reading Comprehension, Cloze Test, Para Jumble, Fill in the Blanks, Sentence Correction, Sentence Improvement, Phrase Replacement, Idioms and Phrases |
| Reasoning Ability | Inequality, Coding-Decoding, Syllogism, Seating Arrangement, Puzzles, Machine Input-Output, Data Sufficiency, Logical Reasoning, Ordering and Ranking, Blood Relations, Direction and Distance, Alphanumeric Series, Verbal Reasoning |
| General Awareness | Current Affairs, Banking and Financial Awareness, Insurance Awareness, Static General Knowledge, National and International Events, Government Schemes, Important Appointments, Awards and Honours, Sports, Books and Authors |
| Computer Knowledge | Computer Fundamentals, Hardware and Software, Operating Systems, Internet, Networking, MS Office, Database Management, Computer Security, Cyber Security, Shortcuts and Computer Abbreviations |
| Finance | Financial Accounting, Cost Accounting, Management Accounting, Financial Management, Auditing, Taxation, Corporate Finance, Business Economics, Banking and Financial System, Insurance and Risk Management, Capital Markets, Financial Markets and Institutions |
While in the Mains objective exam, the subjects assessed are English language, Reasoning, Quantitative Aptitude, General Awareness, Computer Knowledge, and Technical and Professional knowledge in the Finance stream. By thoroughly understanding the syllabus and exam pattern, candidates can formulate an effective study plan and boost their chances of success in the NICL AO examination.
NICL AO Finance (CA/CMA) Finance Interview
Candidates will be shortlisted for Interview on the basis of overall marks scored in Main Examination after evaluation as given in the NICL exam notification. The Interview will take place at designated centres. Shortlisted candidates will receive information about the centre's address, venue, date, and time for the Interview through the call letter.
NICL AO Finance (CA/CMA) Officer Final Selection
The final selection for the NICL AO position will be based on the consolidated marks obtained in the main examination (objective test) and the Interview. The ratio of weightage between the online Main Examination and Interview will be 80:20. The Company will determine the minimum qualifying marks for the interview at a subsequent stage.
A final merit list will be prepared in descending order, considering the consolidated marks secured by the candidates. Candidates ranking within the number of available vacancies in the merit list will be considered for appointment.
NICL AO Finance (CA/CMA) Application Fee 2026
Pay the NICL AO Finance (CA/CMA) Officer application fee online. The window runs from October 08, 2026 to October 28, 2026. SC, ST, and PwBD candidates pay ₹250 (inclusive of GST) as intimation charges. All other applicants pay ₹1,000 (inclusive of GST). This covers both application and intimation fees.
Use the integrated online gateway to pay. Options include Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, and mobile wallets. Candidates bear any transaction fees the bank or payment provider levies. Complete the payment by October 28, 2026 to validate your application. Retain the e-receipt and fee confirmation for future reference. .
NICL AO (Finance) Important Dates 2026
The NICL AO Finance (CA/CMA) Officer application window opens October 08, 2026. It closes October 28, 2026. Complete registration, document uploads, and fee payment by October 28, 2026. This makes you eligible for the exam.
The Phase I exam for NICL AO Finance (CA/CMA) Officer is on November 17, 2026. NICL's recruitment portal releases admit cards roughly one week before the exam. Shortlisted candidates then receive their Phase II admit cards.
The Phase II exam is on December 22, 2026. It comprises a three-hour Objective Test followed by a 30-minute Descriptive Test. Interviews for the NICL AO Finance (CA/CMA) Officer posts follow Phase II. NICL will share exact dates and venues through separate call letters.
NICL AO (Administrative Officer) Exam Dates
| Events | Dates |
|---|---|
| NICL AO Online Registration and Payment of Application Fees 2026 | 08 October 2026 to 28 October 2026 |
| Date of Online Examination — Phase I Examination | 17 November 2026 |
| Downloading of Call Letters for Examination Commences From | To be notified later |
| Date of Online Examination — Phase II Examination | 22 December 2026 |
NICL Finance Officer Salary 2026
The NICL AO Finance (CA/CMA) Officer role is highly coveted by young aspirants. Its appealing salary structure is a primary reason. The starting basic pay is ₹82,485. In metropolitan cities, total monthly emoluments are approximately Rs. 1,14,000/-. This provides financial stability and serves as an attractive incentive to join..
| Parameters | Details |
|---|---|
| Basic Pay | Rs. 82,485/- |
| Pay Scale | Rs. 82,485-4050(14)-1,39,185-4390(4)-1,56,745 |
| Approx. Total Emoluments | Approx. Rs. 1,14,000/- per month (Metropolitan Centres) |
Beyond the basic NICL AO Finance (CA/CMA) salary, NICL offers its Administrative Officers various allowances. These enrich the overall compensation package. Additional perks include Pension under the New Pension scheme regulated by PFRDA. Gratuity, LTS, Medical Benefits, and Group Personal Accident Insurance also apply. These perks align with the prevailing rules of the Company at the time of appointment. .
NICL AO Finance (CA/CMA) Online course
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NICL AO Finance (CA/CMA) Mock Tests
The best time to prepare for the NICL AO exam is to start now. By practicing mock tests for the NICL AO Finance (CA/CMA) exam you can enhance your speed and accuracy.
This test series is curated as per the latest exam pattern and syllabus to deliver a high-quality test pack. The NICL Finance online mock test for Finance stream will help you to make yourself aware of various types of questions that can be asked in the exam.
NICL AO Finance (CA/CMA) Finance Officer Useful Books
- Monetary Theory and Public Policy by Kenneth Kurihara
- Economic Growth and Development by Mayer and Baldwin
- Financial Management by Prasanna Chandra
- International Business by Hill and Jain
- Major financial newspapers, RBI Annual Report, Report on Trend and Progress of Banking in India, Economic Survey and Union Budget capsules from ixamBee
