NIACL Apprentice Salary 2026: Check Stipend Details, Training Period, Job Profile

The NIACL Apprentice Salary 2026 is a stipend of Rs. 12300 per month. As per the NIACL Apprentice Notification 2026, selected candidates will undergo an apprenticeship training period of one year (12 months). The NIACL Apprentice salary 2026, stipend, and training details are explained in this article. Go through this page to get complete information about the NIACL Apprentice monthly stipend, apprenticeship period, training duration, job profile and other key details.

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NIACL Apprentice Salary 2026

• Selected apprentices will receive a monthly stipend of ₹12,300 throughout the one-year engagement period. No other remuneration or benefit (monetary or non-monetary) will accrue or be payable apart from the stipend as mentioned above. The stipend for a particular month shall be paid by the tenth day of the following month.
• No deduction shall be made from the stipend for the period during which an apprentice remains on leave with the approval of the designated employee of the Company as per the Company’s norms. For every other absence pro-rata stipend will be deducted.
• The Apprentices will not be entitled to receive any benefits which are available for the employees of the Company. No deduction shall be made against statutory benefits (Provident Fund, Staff Mediclaim etc.) from the stipend payable to the apprentices. The apprentices shall not be entitled to any statutory contribution from the Company. 

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NIACL Apprentice Training Period

Duration of NIACL Apprentice training is of 12 Months (one year).

After completion of apprenticeship training, apprentices will need to go through an assessment test covering both theoretical part as well as practical training component. Theory assessment will be conducted by BFSI Sector Skill Council of India (BFSI SSC) and the Practical assessment will be conducted by the Company. Subsequently, on the basis of marks scored by the apprentices, an Apprenticeship Certificate will be awarded by the BFSI. 

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NIACL Apprentice Salary 2026 - Leave and Holidays

• During the period of training, the apprentices will be entitled for one-day leave during a month and the same shall be credited to him at the beginning of the subsequent month. The leave shall be availed by the apprentice only after getting the prior permission of the Company. 

• If no entitled leave is availed in a particular month, the same shall be carried forward to the next month. No other kind of leave shall be granted to apprentice trainees.

• An apprentice shall be entitled to such holidays as are observed in the Company.

• Not more than 2 days of Leave may be granted at a time. Leave accumulated, if any will automatically get exhausted on termination/completion of the contract.

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NIACL Apprentice Salary 2026 - Conduct & Discipline

• As per Section 17 of Apprentices Act, 1961 as amended from time to time, in all matter of Conduct and Discipline, the apprentice shall be governed by the terms and conditions of the Contract.

• In case the Apprentice dropouts/absconds during a month, he/she will be liable to refund the stipend paid by the Company during that month.
  

FAQs - NIACL Apprentice Salary 2026

Q: What is the New India Assurance Company Limited Apprentice salary 2026 per month?

NIACL Apprentice salary 2026 is a stipend of Rs. 12300 per month.

Q: What is the NIACL Apprentice training period?

The NIACL Apprentice Training Period is a duration of 12 Months (One Year).