Monday, June 13, 2022

Difference between the job nature of a PO in a bank or an AO in Insurance

 

A PO in a bank or an AO in the insurance sector?

JOB Profile
Insurance AO: An Administrative Officer in General Insurance company is the Primary Supervisor. The Work of an AO is very simple, they need to do administrative jobs. Which includes Claim Settlements(Mainly) or Accounting or Verification and Supervising Assistant's works.
Bank PO: A PO(Probationary officer/AssistantManager) in a Bank is the lowest position in the Officer's cadre.  He/She has to do all the work starting from Customer dealing to back office job. A PO has to verify the work
has been done by a SWO/Clerk such as Cheque passing, NEFT/RTGS Verification, Issuing a Cheque Book and many others. From Day begin to Day end, a PO has to take all the reports and also report them to account
offices.
Pros
Pros as AO:
5 Days of Work
Limited Workload
Best Laptops(for Specialists)
Less likely to get Rural Posting
Happiness in Work(Specially in Claim Settlements)
Huge chances of Growth
No customer dealing
Pros as PO:
Loan Benefits
Overdraft Facilities
Good Salary(similar to AO)
Fast Growth
Cons
Cons as AO:
Less Facilities
Slower Growth Rate than PO
Less Exposure than PO
Bonds from 3
4 Years
Cons as PO:
6 Days of Work
A lot Work Load
Less time preparing for other exams
Very much transferable job
Have to Deal Customer
Why Insurance AO
If you want to work and keep your work in the office(most of the time) and come home with not much work load then AO is for you. Plus the working
days are only Mon
Friday from 10 6.30(Maximum). Specialist also get the best laptops in the market. You get to see many things while settling claims. People have reported funny/fake claims which makes the
work easy for you.
Why Bank PO
"I am a Banker". Sounds awesome isn't it? Well if you want to serve the people directly, then PO is best.You get a lot of chance to express your qualities and you also get a lot added bonanza in your
job profile.(Furniture, House Rent Allowances)

Note: As the govt. has started privatizing insurance sector, many changes are blowing over. Pls study before taking a decision.  

 

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